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All about top-slicing buy-to-let mortgages

Buy to Let Mortgages – Top-slicing Context  In 2017 the prudential regulation authority (PRA) set stricter rules & criteria for Buy to Let mortgages.Mortgage lenders have been required to use higher interest rate stress tests when assessing Buy to Let affordability.As a result, borrowing power for most landlords has significantly reduced on certain products. This had led to […]

Can a first-time buyer get a buy-to-let mortgage?

Can a first-time buyer get a buy-to-let mortgage?

Are first-time buyers allowed to get a buy-to-mortgage?Yes, it’s certainly possible for first-time buyers to get a buy-to-let mortgage, however, because you do not currently own a property, mortgage providers will view you as higher risk, there are therefore, fewer options available, and the criteria and affordability calculations are different to mortgages for existing homeowners.If […]