Buy to Let
Whether you’re an experienced landlord or just starting out, you’ll have specialist requirements that set you apart from a standard residential purchaser. Through your Coast to Coast Adviser you’ll have access to major lenders in the buy to let market including those specialising in lending to professional landlords. We’ve also developed relationships with several general insurers who’ve designed specialist Landlords buildings and contents policies
Second Charge Loans
Second charge loans can be secured against residential or Buy to Let properties. They are provided by specialist lenders and are generally short- term loans secured against the property but where the lender has second call on the property if the borrower defaults. Second charges tend to be more expensive than ‘firsts’, but can still be the best option for people seeking to raise capital – but whose main lender is unwilling to provide further finance, or where early redemption charges apply.
A bridging loan is taken out to ‘bridge’ the gap between the purchase of a new property and the sale of an existing one. Loans are generally short-term and secured on the existing property, but repaid as soon as this is sold.
‘Bridges’ may help you secure your new property, but you should be aware that they can be expensive and if the sale of your existing property falls through, you will be left paying the two loans at once.
NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OF ANY OTHER DEBT SECURED ON IT.
Buy to let mortgages and some bridging loans are not regulated by the Financial Conduct Authority.
A fee of up to 0.5% payable upon application. Typically this will be £395.
Coast to Coast introduce you a third party for second charge loans and bridging finance, and no fee applies for this service.
If we charge you a fee and your mortgage does not go ahead, you will receive a full refund if the lender does not accept your application because of your personal circumstances.