The Mortgage Cafe
The Mortgage Cafe

85% LTV HMO Mortgage with no ERC

HMOs up to 8 Rooms, or MUFBs up to 4x flats. No Early Repayment Charge

Maximum loan at 85% of property value on a 2-year discounted variable rate for licensed, or non-licensed HMO properties ( up to 8 letting rooms), or Multi-Unit properties with up to 4x flats. No minimum income requirements, but should have 6 months in current employment or 3 years trading for self employed. Applicants can be aged up to 85 years and the end of mortgage term. Applicants must have owned a current BTL or HMO for at least 12 months.

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Description

Details

Pay Rate4.89%
Rate Description2 Year Discounted Variable Rate
Reverting RateSVR currently 6.83%
Expiry5 years
Security ChargeFirst charge basis
Maximum LTV85%
Minimum Property Value£117,650
Minimum Loan Size£100,000
Maximum Loan Size£750,000 to 85%
£3,000,000 to 80%
Maximum Mortgage Term35 years
Income RequirementsNo minimum income requirements
Accepted Property TypesHMO & Multi-Unit properties in England & Wales
Property Types Cont.Ex-council houses and flats accepted, (flats over some shops can be considered)
Tenancy TypesSingle or Multiple AST
Rental Stress Test160% @ 5.50%
Product Reference35058
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85% LTV 2-year discount rate with no ERC

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

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