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Expat HMO 75% Low Rate 4.25% over LIBOR

Expat HMOs

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.

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