Income supported buy to let allows people with excess income to bridge the gap between the rent achieved by their property and the rent required to achieve the loan they want. As such, mortgage intermediaries can assist clients who may find themselves excluded from the buy-to-let market, due to the lending policies of prime lenders.
There are no restrictions on income supported buy to let, which opens up the market to more clients who want to invest in property. It can be used for purchases and remortgages – including capital raising – so clients who don’t want the additional administration of a limited company will have an alternative to help them get the loan they want.