Fleet Mortgages launches a new five-year HMO pay-rate deal and also cuts rates on a number of its individual landlord products. The new HMO five-year fix is offered up to 75% LTV at a rate of 3.59% and it comes with a rental calculation of 125% at the initial rate, with a fee of 1.5%. […]
LendInvest has enhanced the maximum loan size on five-year-fixed rate buy-to-let products from £500,000 to £750,000. The ICR has been calculated at the product pay rate of 3.6 per cent, according to the firm. Also, the valuation fee has been reduced to £150 from £190, on standard residential loans, and free title insurance has been extended […]
Precise now accepts top slicing on all eligible personal ownership, HMO, limited company, portfolio, and holiday and student let applications. But the first time buyers are excluded. Managing director of Precise Mortgages, Alan Cleary, said: “In a challenging market, we’re always thinking of new ways to help more customers get the buy-to-let mortgage they want and […]
Saffron for Intermediaries has launched a range of new deals on houses in multiple occupation (HMOs). They include a 75% LTV two-year fix at 3.37%. Saffron has also launched a 65% LTV two-year fix at 3.57%. The former product is a small HMO buy-to-let deal, and the latter a large HMO BTL product. Also, the lender […]
Precise Mortgages has brought to market a refurbishment bridging loan which converts to a standard buy-to-let once the property has been renovated. We understand that the product is being piloted through a limited number of brokers before being rolled-out to the wider market. The buy-to-let mortgage offer will be valid for six months and underwriters will […]
Foundation Home Loans has revealed a new buy-to-loan product allowing borrowers to access up to £1.5m. The launch follows the intermediary-only lender’s recent increase of the maximum loan size for HMO mortgages to £1m. New 65% LTV ‘large loan’ mortgage is available to those with previous landlord experience – individuals and limited companies. The technical […]
The specialist buy-to-let arm of the Nationwide Building Society, The Mortgage Works, from October 19 is reducing rates for selected Limited Company and 80% loan to value (LTV) mortgages by up to 0.10%, as well as introducing a new cashback of £1,000. The new two-year fixed rate mortgage up to 80% LTV mortgage with no fee […]
West One Loans has launched a new range of first charge standard and specialist buy-to-let mortgages including products for holiday lets and Airbnb properties. For now, the new range will be available through a select number of launch partners which includes Enterprise Finance, Vantage Finance, Brightstar, Dynamo, and Connect for Intermediaries, but there will be wider […]
Despite market averages dipping slightly in the first quarter of the year, landlords was has houses in multiple occupation (HMO) and multi-unit freehold blocks (MUFB) in their portfolios are achieving the highest rental yields. The Precise Mortgages’s research has found average rental yields for HMO are the highest across all types of property at 7.1%, 1.3% […]