BM Solutions removes its min income requirements for BTL mortgages

There was some great news for Buy To Let borrowers today from one of the best lenders in the market, BM Solutions, as they announced that from now on they would be removing their minimum income requirements from their Buy to Let mortgage range. Historically they have asked that all applicants have a minimum income - apart from the rental income on their BTL - of £25,000  but this is now no longer required. Standard affordability criteria will remain though and it rental email must still be 125% of monthly mortgage payments. In a time where yield compression is rife a lot of investors are now looking to the Buy To Let market again to get a better yield. For that reason this news will be very welcome to those whose incomes are, shall we say 'sporadic, an who depend on BTL for a reliable income. In addition BM Solutions have some of the best rates and most flexible product ange with Interest Only still an option up to reasonable LTVs. If you are interested in getting a BTL mortgage and want to look at this offering or compare it with other, Choice Loans is able to provide you solutions in this regard. Please either contact us o 0845126 0350 or complete our mortgage enquiry form here and we will call you.