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.
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