Mortgage for Large HMOs up to 30 Rooms
Maximum Loan £750k to 75% LTV
Large HMOs in England, Scotland & Wales
Flexible lending approach to applications and property size. Larger loan sizes can be accommodated from £750k up to £15m and enhanced lending terms are available. Fixed rates over 3 years, 4 years, 5 years, 7 years and 10 years are available – please call for details as these are updated monthly. Applicants can be individuals, LLPs, or an SPV Ltd Co., or even a trading Ltd Co and applicants need to demonstrate sufficient experience in owning larger HMO property types. Also available to UK expats. This lender can lend up to 100% LTV by taking a charge on existing investment property.
Description | Details |
| Interest Rate | From 4.74% vartiable subject to LTV |
| Rate Description | LIBOR tracker |
| Fixed Rates | Available up to 10 years fixed |
| Security Charge | First charge basis |
| Maximum LTV | 75% |
| Minimum Property Value | £75,000 |
| Minimum Loan Size | £50,000 |
| Maximum Loan Size | £750,000 to 75% |
| Maximum Mortgage Term | 30 years |
| Income Requirements | No minimum income requirements |
| Accepted Property Types | HMO properties in England, Scotland & Wales |
| Property Types Cont. | Ex-council houses and flats accepted, |
| Tenancy Types | Single or Multiple AST |
| Rental Stress Test | Call for decision |
| Product Reference | RI2 |
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Large HMO properties to 75% LTV
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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