Loan Type
the type of loan requested; mortgage if you are looking to purchase the property, remortgage if you already own the property.
Property Value
the current market value of the property.
Loan Amount
the amount of mortgage debt/loan you are looking to raise against the property value
Max LTV
the maximum loan requested vs the property value
Product Type
the product type associated with the initial period
Initial Period
the initial period to which the initial rate applies
Borrower Type
the type of entity in which the loan will be held.
LL Experience
if any landlord experience is required to qualify for a particular HMO mortgage product
Payment Type
choose to make interest only, or capital and interest payments, on the loan amount.
Lender
the lender with which the loan will originate
Product Code
the internal product code of the HMO mortgage lender
Product
Loan Type
the type of loan requested; mortgage if you are looking to purchase the property, remortgage if you already own the property.
Payment Type
choose to make interest only, or capital and interest payments, on the loan amount.
Loan To Value
the maximum loan requested vs the property value
Loan Amount
the amount of mortgage debt/loan you are looking to raise against the property value
Rate
the initial annual mortgage rate associated with an HMO product.
Monthly Payment
the initial monthly mortgage payment due to the lender
Lenders Fee
the fee charged by the mortgage lender, payable upfront or sometimes added to the loan.
Valuation Fee
the fee the lender charges the borrow for having the HMO valued by an independent surveyor
Borrower Type
the type of entity in which the loan will be held.
1st Time Landlords
if any landlord experience is required to qualify for a particular HMO mortgage product
Minimum Income
the provable minimum income requirement for a borrower to earning in order to qualify for the specific HMO mortgage or lending
Reversionary Rate
the rate to which the mortgage reverts once the initial period has ended
Maximum Bedrooms
the maximum number bedrooms allowable for this product
ERC
the early repayment charge. The charge for exiting any borrowing before the end of the initial period.
Minimum Loan
the minimum loan amount available for a particular mortgage product.
Maximum Loan
the maximum loan amount available for a particular mortgage product.
Features
the features of this product.
