Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI claims: Landlord with poor credit 'struggling to access finance'

People who are finding it hard to cope with credit card charges may have difficulty securing a buy-to-let mortgage loan claim.

Landlord Mortgages director Lee Grandin said that the "most important thing" for first-time landlords to do is to "try and keep clean credit" when attempting to access finance.

Banks and other lenders will not be interested in clients with negative information on their files, he pointed out, explaining this includes late payments on credit card claims or loan charges.

This is despite falls in buy-to-let mortgage rates, with Skipton Building Society recently reducing interest by 0.1 per cent on a range of landlord mortgages.

"You do need to have a personal income unless you are already an experienced landlord," Mr Grandin said.

He also pointed out that properties with lower rental yields may only be available to purchase at lower loan-to-value rates and added that the number of lenders providing funds is relatively low when compared to historic figures.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801459371-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide