buy to let mortgages

Birmingham Midshires Buy to let

Information on this page is for information purposes only. It is not intended as investment advice

Birmingham Midshires - Mortgage Criteria in brief

We have not checked the contents of this page with the lender. You should not rely on the contents. If you would like to know whether you are likely to qualify for a buy to let mortgage with Birmingham Midshires please fill in Your Enquiry

  • Borrowers must be homeowners – not first time buyers
  • No minimum income, but Portfolio landlords will need to show earned income of at least £30k
  • You will need a minimum 25% deposit
  • Let to buy considered. Current home can be remortgaged as a buy to let providing there is a simultaneous purchase of a home to live in. Capital can be raised from the remortgage which can be used towards a deposit for the new property
  • Buy to let remortgages can be considered after the property has been owned for at least 6 months
  • The maximum loan is £1m

Birmingham Midshires buy to let advantages

  • Part of the Lloyds/Halifax/Bank of Scotland Group
  • Birmingham Midshires will consider lending to Portfolio landlords with up to 10 properties in portfolio
  • Buy to let remortgage applications with capital raising is acceptable for Portfolio landlords
  • Competitive fixed rates
  • Free basic valuation and standard legal fees paid on some remortgage products
  • Corporate lets considered
  • HMO property considered
  • Inherited property considered

Birmingham Midshires buy to let restrictions

  • Bedsits are NOT acceptable
  • Maximum 5 Tenants on one AST agreement
  • Maximum 5 properties within the Lloyds Banking group
  • Birmingham Midshires do NOT offer Limited company buy to let mortgages

How to apply for a Buy to let mortgage with Birmingham Midshires

We can arrange a buy to let mortgage with Birmingham Midshires

Providing your mortgage is at least £100k there are NO Broker fees to pay

Please complete Your enquiry now!