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75% LTV for HMO Properties up to 6 rooms or multi-unit properties with maximum of 6 Flats

2.84% 2-year Fixed Rate at 75% LTV

This is suitable for HMOs with up to 6x rooms and properties split into up to 6x self contained flats in the freehold property. Can lend up to £1m and lending up to 40 years. No minimum time in employment and only 12 months in self employment.

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Description

Details

Pay Rate2.84%
Rate Description2 Year Fixed Rate
Reverting RateLIBOR + 4.15% (currently 5.05%)
Expiry2 years
Security ChargeFirst charge basis
Maximum LTV75%
Lenders Fee2% (can be added to loan)
Minimum Property Value£75,000
Minimum Loan Size£30,000
Maximum Loan Size£1,000,000 to 75%
£1,500,000 to 70%
Maximum Mortgage Term40 years
Income Requirements£25,001 pa (no minimum income if applicants can show 12 months mortgage payments for 4x BTLs
Accepted Property TypesHMO & Multi-Unit properties in England, Scotland, & Wales
Property Types Cont.Ex-council houses and flats accepted, (flats over commercial considered with a minimum value of £250,000
Tenancy TypesSingle or Multiple AST 
Rental Stress Test150% @ 5.50%
Product Reference41143
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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