Expat HMO 75% Low Rate 4.25% over LIBOR
Expat HMO 75% Low Rate 4.25% over LIBOR
Mortgage product for expats purchasing or remortgaging multiple occupancy investment property in England and Wales. Maximum LTV is 75% with a pay rate of 4.25% over LIBOR for term of the loan.
Minimum loan amount for this rate is £500,000. Lower amounts are available. Interest only facility is available for the first 10 years of the loan followed by capital and interest repayment with a maximum term of 30 years.
https://www.mortgagecafe.co.uk/wp-admin/admin-ajax.php
https://www.mortgagecafe.co.uk/finance/expat-licensed-hmo-75-low-rate
Description | Details |
| Pay Rate | 4.25% over LIBOR |
| Rate Description | Variable Tracker based on 3 month LIBOR |
| Reverting Rate | NA |
| Expiry | NA |
| Security Charge | First charge basis |
| Maximum LTV | 75% |
| Lenders Fee | 1.5% (1.25% can be added to loan) |
| Minimum Loan Size | £500,000 |
| Maximum Loan Size | £2,000,000 |
| Maximum Mortgage Term | 30 years |
| Accepted Property Types | Residential letting houses and flats in England and Wales. |
| Multi Unit Blocks | Up to 8 bedrooms |
| Tenancy Types | Multi AST Professionals and working tenants |
| Rental Stress Test | 140% |
| Product Reference | HM21139 |
Get a Personalised Quotation for this Product
DF50144 JV Development funding
For more details about this product or to check if this will be suitable for you, call us on 0117 2232 050