Specialist intermediary lender, Unity Homeloans, has launched a new range of buy-to-let mortgages, some of which are designed to give investors with bad credit histories a chance to cash in on buy-to-let opportunities.
The company says it launched the new products so that investors can take advantage of the large number of distressed house sales occurring due to rising interest rates. There are four new products in total, including two sub-prime offerings. The Prime 75 product allows 75% rental coverage for five properties, while the Prime 100 mortgage gives 100% rental coverage for a portfolio of up to 20 properties. Ian Nelson, CEO of Unity Homeloans, says: “The current jitters in the housing market are creating buying opportunities for professional investors. Our prime range reflects the fact that r...
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