High rise flats
The term high rise flats refers to the fact that a flat or apartment is located in a block which has above a certain number of storeys.
For many buy-to-let lenders 4 storeys is the maximum height of a block on which they will advance funds.
Landlords who are looking to purchase a flat in a taller building may therefore have difficulties in securing buy-to-let finance.
Landlords are therefore advised to check with their mortgage lender before they go too far down the track of making a buy-to-let mortgage application that the BTL mortgage provider lends on high rise flats.
Listed below are buy-to-let mortgage providers who are prepared to lend on residential investment properties contained in blocks of 5 or more stories. Landlords should be aware that many of the lenders shown below will not lend direct to a landlord and therefore a landlord will only be able to access mortgage products from them through a mortgage broker.
There are more mortgage lenders that will lend on high rise buy-to-let apartments but these BTL lenders make their lending decision based on each case.
Alliance & Leicester
Bank of Ireland Mortgages
Chorley & District BS
Earl Shilton BS
Natwest Mortgage Service
RBS IP Natwest
Royal Bank of Scotland Mortgs Direct
Scarborough Specialist Mortgages
Scottish Widows Bank
Skipton BS (Commercial)
West Bromich For Intermediaries