Halifax Buy to Let Mortgages

With on of the most recognised names on the UK high street Halifax is one of the UK’s leading mortgage lenders and has over 150 years financial experience. They offer a wide range of mortgages to individuals (for both home ownership and buy to let) and businesses and are frequently mentioned in “best buy” tables.

Typically, Halifax will provide a buy to let mortgage of up to 75% of the property’s LTV and there are a range of products on offer. They do reserve some special deals for customers who hold a current account with them, however, you need to be paying a minimum of £1000 into this account on a monthly basis.

Additional lending criteria for Buy to Let includes:

Minimum income of £25,000 p.a.

Age – the borrower must be at least 25 years of age and not older than 75 years of age at the end date of the mortgage.

Deposit – minimum 25%

Maximum lending – Individual loans have a cap at £1 million. Across the Lloyds Banking Group division loans of up to £3m can be offered.

Lending Requirement – Halifax stipulate that the rental income per annum must equal a minimum of 125% of the interest only mortgage amount per annum. This is based on the interest rates of the product you choose.

For further information on mortgages you can call them on 0845 27 37 47. For specific buy to let enquiries please call 0845 125 8637.

You can also visit www.halifax.co.uk/mortgages