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75% LTV Mortgage for 6 Room HMO or MUFB with a Maximum of 8 Flats

5 Year Fixed Rate 4.99% at 75% LTV

Good 5 year fixed rate for multi unit residential investment of up to 8 self contained letting units within a single freehold property, or licensed HMOs of up to 6 letting rooms. 75% Loan to value maximum loan of £750,000. This 5 year fixed rate offers maximum term of up to 35 years and offers a generous rental stress calculation of 125% at 5.6%

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Description

Details

Pay Rate 4.99%
Rate Description 5 Year Fixed Rate
Reverting Rate LIBOR + 5%
Expiry 31/08/2021
Security Charge First charge basis
Maximum LTV 75%
Lenders Fee 2% (can be added to loan)
Minimum Property Value £150,000
Minimum Loan Size £25,000
Maximum Mortgage Term 35 years
Income Requirements 12 months in current job. Minimum income of £25,000. Self employed must have a minimum of 2 years trade.
Accepted Property Types Residential letting houses and flats in England and Wales.
Property Types Cont. Available to ex-council houses and flats .Studio flats accepted. Maximum of 8 units within the freehold for multi unit freehold block.
Multi Unit Blocks Up to 8 individual self contained letting units
Tenancy Types Multiple AST accepted. Student tenants accepted. Corporate tenants inc local authority and housing association contracts accepted.
Rental Stress Test 125% at 5.6%
Product Reference HM10154
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75% LTV 5 Year Fixed 4.99%

For more details about this product or to check if this will be suitable for you, call us on 0117 2232 050