Q: Are your mortgages suitable for the self employed?
A: Yes, both our buy to let and home loans are pure self certification, which means that you tell us how much you earn. All we ask is that you have a minimum trading on 1 year and 2 years if you are a first time buyer.
Q: How much can I borrow for a buy to let property?
A: It obviously depends on your personal circumstances.
For Buy to let, CHL lends up to £1 million on an individual property up to 85% loan to value
and £500,000 to 90%. For portfolios we will lend up to £5 million on your portfolio up to
85% loan to value and £3 million up to 90%.
Q: How much can I borrow for a self certification home loan?
A: Our current multiples are 3.5 x sole income, 2.75 x joint,
or 3.5 +1, and for first time buyers 3.25 x sole, 2.5 x joint, or 3.25+1. CHL will lend up to 450,000 to 90%
and up to £500,000 to 85%. For first time buyers, we loan a maximum of £300,00 up to 85% loan to value.
Q: Will you lend to limited companies?
A: Yes, we consider applications from all limited companies, including newly formed companies.
Q: Will you lend on HMOs?
A: Yes and we lend on shared houses, single and multi-tenancy agreements and locks on internal doors are fine. We are also able to lend regulated buy to lets if you want to buy a house for family members, such as a student living away from home.
Q: Do you lend on ex-council or ex-housing association properties?
A: Yes, if the value is above £150,000. We will consider properties with leases of up to 5 years and we are happy for properties to be leased back to the council
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