Think portfolio landlords start at 3 properties? Think again.
Many lenders only class borrowers as portfolio landlords if they own 3 or more Buy-to-let properties.
At Mercantile Trust just 1 buy-to-let property qualifies as a portfolio landlord
- We do not stress test the background portfolio
- We do not have a cap on the number of Buy-to-Let properties held in the portfolio
- We assess affordability at a Flat DSCR of 125%, regardless of tax bracket even for LTD and HMOs
- We use surplus rental income from other properties within the portfolio to make up the shortfall.
- No minimum personal income is required (first time buyers/landlords £22,500)
- Lending to Personal or Limited company borrowers
Our experienced team reviews every application individually, helping you find solutions for clients who may have been declined elsewhere.
Have a case you’d like to discuss?
ahmad.ali@mercantiletrust.co.
01923280274
Vicky.Osullivan@
01923 280116