HMO BTL

Our HMO Buy-to-Let product range is available to first time landlords and existing landlords to purchase or re-mortgage a HMO property.

Key points for our HMO BTL mortgages:

• Maximum loan size £3,000,000. Loans over this are priced on a bespoke basis and have restricted LTVs
• 5 Year Fixed Rates: Rental Cover 140% of pay rate
• Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees can be added to the loan for debt for debt remortgages
• For portfolio landlords the maximum LTV INCLUDING fees is 75%
• Minimum energy performance rating of D on an Energy Performance Certificate (EPC)
• Minimum Property Value: £150,000
• Property must be let on an AST basis
• Property must not be let on single contract without prior agreement
• Student Lets accepted
• Some or all tenants share toilet, bathroom or kitchen facilities
• MUB not accepted

Standard HMO Product Criteria:

• Rental assessment is based on AST rental valuation
• Regulated buy to let accepted
• First Time Buyers/ Landlords accepted. At least one applicant must meet the minimum income requirement of £50,000.
• Up to 6 bedrooms acceptable
• Unlicensed HMO accepted unless license mandated by Local Authority
• Maximum number of kitchens: 1