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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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