Award-Winning Bad Credit Specialist · FCA No. 301173
Bad Credit Buy to Let Mortgage Adverse Credit Landlord Solutions
Want to invest in property but have bad credit? Buy to let mortgages are available for adverse credit borrowers. Darryl Dhoffer explains which lenders and what is required.
43 Google Reviews
Award-Winning
90+ Lenders
FCA No. 301173
01234 237321
Bad Credit Buy to Let — What Lenders Look For
Buy to let mortgages assess creditworthiness differently to residential mortgages. The primary security is the rental income from the property rather than the borrower income. This means some lenders are relatively more open to adverse credit on buy to let than residential mortgages.
However adverse credit still affects BTL mortgage options. The type and severity of the credit issues the rental coverage ratio and the deposit available all determine which specialist BTL lenders will consider your application. Darryl Dhoffer regularly arranges BTL mortgages for investors with CCJs defaults IVAs and other adverse credit.
Darryl Dhoffer — The Mortgage Geezer
20+ years in mortgages. Award-winning specialist. Featured in the Daily Express, FT Adviser and The Intermediary. I have helped hundreds of people across the UK who were told no by their bank — and I work with 90+ lenders including specialist adverse credit lenders you will not find on comparison sites.
When you contact me, you speak to me directly. No call centres. No being passed around. I personally review every case and respond within 2 hours.
CeMAPCeRERFCA 301173AWARD WINNINGINDEPENDENTWHOLE OF MARKET
Frequently Asked Questions
Can I get a buy to let mortgage with bad credit? ›
Yes. Specialist buy to let lenders assess adverse credit applicants individually rather than using automated scoring. The rental income coverage the deposit and the overall financial picture are all considered alongside the credit history. Darryl Dhoffer has access to specialist BTL lenders who accept a range of adverse credit profiles.
How much deposit do I need for a bad credit buy to let? ›
Most specialist BTL lenders require 25% deposit for adverse credit applications. Some require 30-35% depending on the severity of the credit issues. A larger deposit improves both the number of lenders available and the rate offered. Darryl will calculate exactly what deposit is needed for your specific credit profile.
How is rental income assessed for bad credit BTL mortgages? ›
Specialist BTL lenders typically require rental income to cover 125-145% of the monthly mortgage payment at a stress tested interest rate. With adverse credit some lenders apply a higher rental coverage requirement. Darryl will calculate exactly what rental income is needed to meet different lender criteria and identify the right lender for your property.
Can I use a limited company for a bad credit BTL mortgage? ›
Yes. Many investors hold BTL properties in a limited company for tax efficiency. Specialist BTL lenders do offer limited company mortgages for adverse credit applications. The directors personal credit file is still assessed alongside the company structure. Darryl has experience arranging limited company BTL mortgages with adverse credit.
I already have BTL properties. Can I add more with bad credit? ›
Yes but if you have 4 or more mortgaged properties you are defined as a portfolio landlord and face additional assessment requirements. Darryl Dhoffer has experience with portfolio landlord adverse credit applications and knows which specialist BTL lenders have the most favourable criteria for growing portfolios with credit issues.
Get Your Free Assessment Today
No credit search. No obligation. Darryl personally reviews every enquiry and responds within 2 hours.
01234 237321
darryl@themortgagegeezer.co.uk
FCA No. 301173
43 Five-Star Reviews
The Mortgage Geezer is a trading style of Access Financial Services Limited, authorised and regulated by the FCA No. 301173. Your home may be repossessed if you do not keep up repayments on a mortgage.
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