HSBC
Buy-To-Let Mortgages
HSBC Buy-To-Let Mortgage
Buy
to let mortgage
Whether you're looking to buy a residential property to let
for the first time, or already have a portfolio of rental
properties, HSBC can help you to make the purchase you want.
They can lend up to 75% of the value of the property (or the
purchase price, whichever is lower) and can provide loans
of between £25,000 and £1,000,000.
THE
BUY TO LET MORTGAGES HSBC OFFER
Choose between two types of mortgage, depending on what suits
you best:
- Capital
Repayment Mortgage - maximum term 25 years
- Interest
Only Mortgage - maximum term 15 years.
Obviously,
there are a lot of factors HSBC will consider when making
their loan decisions. However, keep in mind that the rental
income from the property (after collection expenses) must
be equal to or more than 130% of the mortgage interest payments.
In addition, under their Buy to Let Mortgage, the maximum
amount you can borrow, regardless of the number of properties,
is £1,000,000.
HSBC
Buy To Let Mortgages are charged interest at their Buy To
Let Mortgage variable rate and an arrangement fee is payable
on acceptance of your application.
Fixed
rates are not currently available on HSBC Buy To Let Mortgages.
For
further information on an HSBC Buy-To-Let Mortgage visit the
HSBCWebsite.
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