Kent Reliance removes their buy-to-let minimum income requirement
Kent Reliance, the specialist buy-to-let mortgage lender, has announced that they have removed their minimum income requirement of £25,000 to qualify for their buy-to-let mortgages.
Rather than stating a minimum income, Kent Reliance requires applicants to prove their actual income and it can be lower than £25,000. Their criteria change follows Birmingham Midshires' move to reduce their minimum income requirement earlier this year.
Kent Reliance is one of the few lenders offering limited company mortgages and also low deposit buy-to-let mortgages. Their buy-to-let two-year discounted rate for those with a 15% deposit is 4.89% and it has a 2.5% arrangement fee. After two-years the mortgage reverts onto the lenders standard variable rate of 6.58%.
If you would like help to secure a buy-to-let mortgage, call us on 020 7016 0790.
November 29, 2013
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