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Mortgages for Applicants who are Professional Landlords

Mortgages for Professional Landlords

Landlords with any size of property portfolio welcomed. No limit on the number of properties owned and no limit on the aggregate portfolio mortgage debt. Any type and any size of property considered.

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Situational Profile

For professional landlords wishing to add to their existing property portfolio, or wanting to remortgage for a better rate, or to raise capital.

  • Employed or self-employed
  • Applicants need not be homeowner/occupiers
  • Expats welcomed
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Applicant Profile

Applicants should have at least 3 years letting experience (although this is not essential) and should be owner occupiers. In some cases, professional landlords who are not owner occupiers can be accepted. Applicants may need to demonstrate a minimum personal income of at least £25,000 per annum (although this is not essential). A clean credit history is required.

  • UK citizens with passport or UK driving license as ID
  • Evidence of deposit funds (bank statement)
  • Residential address history for 3 years
  • Minimum personal income of at least £25,000 per annum
  • Clean credit history
  • Applicants can be employed, self employed or retired
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Types of Property

Properties with up to 20x letting rooms are acceptable. Properties arranged in up to 20x flats, studios and or bedsits in one freehold or leasehold title, are also acceptable. Properties above some commercial premises may be acceptable.

  • Houses of Multiple Occupation (HMO)
  • Tenants can be students, or working professionals
  • Multi-Unit properties – flats in one title
  • Single AST and multiple AST tenancy agreements accepted
  • Property in England, Scotland and Wales
  • Properties with or without a HMO licence
  • Flats and maisonettes above commercial premises accepted
  • En-suite facilities in rooms are accepted
  • Cooking facilities in rooms accepted (studio apartments)
  • Shared kitchen and bathroom facilities accepted
  • HMOs with up to 20 letting units accepted
  • Mixed unit accommodation of flats, studios, bedsits not exceeding 20 units within title

General Lending Criteria for Professional Landlord HMO Mortgages

Mortgages are available for purchase, or remortgage up to 85% of purchase price, or property value.

HMO-1, HMO-3, HMO-8 (lending up to 75% LTV)
HMO-2 (lending up to 75% LTV. Does not lend in Scotland)
HMO-4-75 (minimum loan size is £75,000. Does not lend in Scotland)
HMO-4-80 (minimum loan size is £100,000. Does not lend in Scotland)
HMO-6-85 (minimum loan size is £100,000. Does not lend in Scotland)

HMO-7 (can accommodate low loans sizes). Lends in Scotland. No ERC

  • Mortgage terms up to 35 Years
  • Purchases or remortgage
  • Interest only or capital + interest repayment mortgage
  • Proof of applicants income is not always required
  • Evidence of deposit funds required
  • Properties with up to 20 letting units accepted
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HMO-1

Properties must be in cities and major towns. Interest only is available. Fixed rates available

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HMO-2

Properties with up to 20 letting rooms. Extensive mortgage range, so with no lender fee.

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HMO-3

Many repayment options, including interest only and fixed rates.

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HMO-4-75

HMO’s (max 8 rooms) including studios/flats/rooms. Licensed HMO or non-licensed HMO properties.

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HMO-6-85

All licensed HMO properties, plus properties that conform to HMO status (5 or more tenants)

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HMO-4-80

HMO’s (max 8 rooms) & student lets (max 8 rooms).

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HMO-7

HMOs including Student Lets, Flats in a single freehold, Retail Units, Factory
Units, Industrial Units, Office Units, Warehousing.

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HMO-8a

HMO’s with most accommodation types, including studios/bedsits/flats/rooms.