**Great news! We’ve reduced our rates on many products, introduced new zero product fee options and increased our max LTVs and loan sizes across the range**
Our Specialist range of buy-to-let mortgages are available for an Individual or Limited Company when purchasing or remortgaging a House In Multiple Occupation (HMO), a Multi Unit Freehold Block (MUFB), or Flat Above a Commercial (FAC) premises as part of a single or portfolio application.
New Build Specialist properties can be considered. From a product point of view, New Builds form part of our Specialist Range and we have bespoke products available for them
Summary details of our Specialist range are outlined below. Please check our Product Range document to see our current product and interest rate deals.
HMOs & MUFBs
Minimum Loan Term – 5 Years.
Maximum Loan Term – 35 Years.
Minimum Valuation – £100,000.
Minimum Loan Amount – £50,000.
Maximum Loan Amount – £1.5m to 70% and £1m to 75% LTV.
NB – The maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 70%. We may require proof of the source of deposits.
2 and 5 Year Fixed rate products.
Range of initial rates, fees and LIBOR linked reversion rates.
No missed mortgage or secured loan payments in the last 12 months and no more than 1 missed payment in last 24 months.
No more than 1 month in arrears on unsecured loan or Credit Card payments in last 24 months and no arrears in last 6 months.
Max 1 CCJ up to £250 in the last 3 years (0 in the last 12 months). Must be satisfied.
LIBOR rate will be re-set on a quarterly basis, (March; June; September and December) with the ‘rate effective date’ being the first of each of these months.
The LIBOR rate will determined one day prior to the ‘rate effective date’ (subject to Bank Holidays and Weekends) using three month GBP ICE LIBOR rate.
LIBOR is set by the Intercontinental Exchange (ICE). You can find out information about current and historic LIBOR on the ICE website here. Please select the currency as GBP and the date of your choice to display the relevant rates.