Ex-council and local authority properties can be attractive to property investors, but some buy to-let mortgage lenders will refuse to finance these purchases.
Perhaps you have encountered one of more of the following lender criteria barriers:
- The lender will fund the purchase, but impose a heavy LTV (loan to value) cap;
- The lender requires that the property has been privately owned for a minimum period (we may be able to help if the property has been privately owned for at least 5 years);
- The lender imposes a minimum property value (our minimum property value is £40,000 as standard);
- The lender will outright refuse to fund an ex-council or local authority purchase
Whatever the case, we may be able to help.
BTL mortgages for ex-council properties
We have access to a number of lenders who will agree to finance ex-council and local authority properties. To see what we can offer, simply get in touch using either of the numbers at the top of this page, or request a quote online.