65% Loan to Value (LTV) HMO ReMortgages

What is a 65% Loan to Value (LTV) HMO ReMortgage?

An 65% Loan to Value (LTV) HMO ReMortgage is a product where an HMO lender allows a borrower, to borrow up to 65% of the HMO property value or purchase price.

This means the borrower is required to put in 35% cash or equity deposit, plus any purchase costs (stamp duty, legals, etc) to complete the HMO property transaction.

Top 10 Popular 65% Loan to Value (LTV) HMO ReMortgages

How is an 65% Loan to Value (LTV) HMO ReMortgage calculated?

Loan to Value (LTV) is calculated as a percentage (%). It’s how much you’re looking to borrow versus the value of the property, you’re looking to purchase or remortgage. If you know how much you’ll need to borrow, just divide the mortgage amount by the value of the property. To use an example, £162,500 ÷ £250,000 = 0.65. Then multiply that by 100 and you get 65% LTV.

Is 65% Loan to Value (LTV) a good remortgage choice for me?

LTV is important to think about because it determines the HMO mortgage rate, and affects how HMO mortgage lenders calculate whether the HMO mortgage is right for you. The lower your LTV, the lower the rates, and the more mortgage options you’ll have.

A 65% Loan to Value (LTV) HMO remortgage is in the middle of the typical range. HMO lenders typically offer between 30% and 85% loan to value. With 50% LTV, you’ll have many great options to choose from. It allows the borrower to benefit from having a medium sized loan to value in exchange for a medium rate of interest. It means that over the long term you’ll pay an intermediate rate of interest compared to higher or lower loan to value products.

65% Loan to Value (LTV) HMO ReMortgage Benefits

Medium Loan to Value

Allowing you to raise a medium loan amount

Low HMO Mortgage Rates

Monthly HMO mortgage payments low allowing you to maximise cashflow

Large # of Products Available

Access to huge number of HMO mortgage products

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