First Time Landlords & mixed rate tax payers
The borrower
Ken and Mary own their own residential property together but have no Buy to Let properties currently. Neither has any adverse credit.
Ken earns £60,000 per annum his PAYE job. Mary earns £6000 from her part time PAYE job.
They want to buy their first BTL together in their personal names and would like a fixed rate mortgage for 5 years. They plan to use this Buy to Let as a source of income for when they retire.
How we can help
At Foundation we can help First Time Landlords. Also, as Ken is a High Rate Tax Payer and Mary is a Basic Rate Tax Payer and they are buying in their personal names together, (not Limited Company) our rental calculation would be stress tested at 135%.
We love to talk a case through, why not call your Foundation Regional Area Manager today?
We love to talk a case through, why not call your Foundation Regional Area Manager today?