75% LTV Mortgages for Large HMOs / MUFB with a max. of 20 Letting Units Professional Landlords
Mortgages from 3.65% at 80% LTV for large HMOs & MUFBs up to 20x Rooms / Flats
Low fixed rates over 2 and 5 years for multi unit freehold blocks (MUFB) and HMOs with rooms to let, flats, studio apartments, bedsits etc. Up to 80% loan to value with maximum lending at £500,000 or a maximum of £1m at 70% LTV and £2m at 65%.
Description | Details |
| 2-Year Fixed Rate | 3.65% |
| 5-Year Fixed Rate | 3.80% |
| Reverting Rate | SVR currently 5.60% |
| Expiry | 2 years or 5 years from completion |
| Security Charge | First charge basis |
| Maximum LTV | 80% |
| Lenders Fee | 0.25% of loan amount for 2-year fixed rate 1% of loan amount for 5-year fixed rate |
| Minimum Property Value | £100,000 |
| Minimum Loan Size | £30,000 |
| Maximum Loan Size | £500,000 at 75% or £1,000,000 to 70% or £2,000,000 to 65% |
| Maximum Mortgage Term | 25 years |
| Income Requirements | No minimum time in employment but must be permanent and not in any probation period. £25k joint or single minimum income. Self employed must have a minimum of 2 years trade. |
| Accepted Property Types | Residential letting houses and flats in England, Scotland and Wales. |
| Property Types Cont. | Available to ex-council houses and flats. Studio flats and bedsits accepted. Maximum of 20 units within the freehold. |
| Multi Unit Blocks | Up to 20 individual self contained letting units ( Flats, Studios, Bedsits) |
| Tenancy Types | Multiple AST. DSS tenants accepted. Student tenants accepted. Corporate tenants accepted inc local authority and housing association contracts accepted |
| Rental Stress Test | 145% at 5.65% (2-year fixed) 130% at 4.00% (5-year fixed) |
| Product Reference | HM90121 |
Get a Personalised Quotation for this Product
80% LTV with fixed rates from 3.65%
For more details about this product or to check if this will be suitable for you, call us on 0330 173 6570
Available on-line at www.btl-direct.com