75% Expat HMO & MUFB Mortgage 3.24% fixed 2 years
Expat Mortgage for HMO & MUFB
Mortgages for expats purchasing or remortgaging HMO properties with up to 8x rooms, or Multi-Unit Freehold Block (MUFB) investment properties with up to 10x flats via an SPV Ltd Co. Low interest rates available at 65%, 75% LTV. Maximum loan amount for this product is £750,000 at 75% LTV with up to £1,000,000 available at 65% LTV. Interest only is available for the full term of the mortgage.
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Description | Details |
| Pay Rate | 3.24% |
| Rate Description | ‘2 Year’ Fixed Rate to 31/07/21 |
| Reverting Rate | LIBOR + 4.50% |
| Expiry | 31/07/21 |
| Security Charge | First charge basis |
| Maximum LTV | 75% |
| Minimum Property Value | £75,000 |
| Minimum Loan Size | £50,000 |
| Maximum Loan Size | £1,000,000 to 65% (lower rates) |
| Maximum Mortgage Term | 30 years |
| Income Requirements | No minimum income requirements |
| Accepted Property Types | HMO, MUFB & student-let properties in England & Wales |
| Property Types Cont. | Ex-council houses and flats accepted |
| Tenancy Types | Single and/or Multiple AST |
| Rental Stress Test | 125% @ 5.5% |
| Product Reference | 42511 |
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