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.

Eligibility and applicant criteria

• Student Lets accepted.
• Unlicenced HMO accepted unless license mandated by Local Authority.
• MUB not accepted.

Loan, Fee and product details

• 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%

Property requirements

• Property must not be let on single contract without prior agreement
• Minimum Property Value: £150,000
• Maximum number of kitchens: 1
• Some or all tenants share toilet, bathroom or kitchen facilities
• Up to 6 bedrooms acceptable

Affordability and income criteria

• Rental assessment is based on AST rental valuation
• For unexperienced landlords accepted. At least one applicant must meet the minimum income requirement of £50,000.