85% LTV Mortgage for HMOs with a Maximum of 8 Letting Rooms or 4 Units
Suitable for large HMO Multi Unit Block Investment Property
Good 5 year fixed rate for multi unit residential investment of up to 4 self contained letting units of flats, studio apartments within freehold or 8 bedrooms let to unrelated tenants in licensed HMO . 85% Loan to value maximum loan of £1m at 85% LTV. Flats above commercial accepted
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Description | Details |
| Pay Rate | 5.29% |
| Rate Description | 5 Year Fixed Rate |
| Reverting Rate | SVR currently 6.58% |
| Expiry | NA |
| Security Charge | First charge basis |
| Maximum LTV | 85% |
| Lenders Fee | 2.5% (can be added to loan) |
| Minimum Property Value | LTV Dependent |
| Minimum Loan Size | £75,000 |
| Maximum Loan Size | £1,000,000 |
| Maximum Mortgage Term | 35 years |
| Income Requirements | 6 months in current position , or 3 years trading history for self employed |
| 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. Bedsits not accepted. Maximum of 4 units within the freehold. Flats within freehold house accepted. 8 Bedrooms (8 unrelated tenants) in HMO maximum. |
| Multi Unit Blocks | Up to 4 individual self contained letting units ( Flats, Studios) |
| Tenancy Types | Multiple AST or Single AST. Student tenants accepted. |
| Rental Stress Test | 130% at 5.29% |
| Product Reference | HM10123 |
Get a Personalised Quotation for this Product
HMO 85% LTV 5 Year Fixed 5.29%
For more details about this product or to check if this will be suitable for you, call us on 0117 2232 050