Long Term Finance
This incorporates long term mortgages which can be used for an array of property transactions, ranging from singular BTL mortgages to complex mixed use portfolio mortgages.
Long term financing refers to a suite of products which provide an efficient way to fund purchases and refinancing from higher rate short term solutions.
With a number of lenders in this space, it is important that your situation is presented in the right way so lenders can take a commercial view on it. The difference from one product to another can be substantial at times.
Commercial Investment / Owner Occupier Mortgages
Typically covering all commercial property, commercial mortgages can be used for property investors who are active in the commercial property space or where a trading business owns or wishes to purchase a building to trade from. LTVs are generally capped at 70% LTV but for some sectors we can arrange commercial loans at 100% loan to purchase price.
BTL / HMO
BTL mortgages can be arranged on singular or multiple residential investment properties including blocks of flats. Mortgages for Houses of Multiple Occupation (HMO’s) are available for properties with 3 or more occupants and clients generally enjoy higher yields with this type of investment.
Medium Term Mortgages
These can be used to bridge a gap between acquiring or refinancing a property until a more long-term mortgage solution can be obtained and typically have a maximum term of 3-5 years. This could be a solution for properties that are not currently let or the current yield is too low to support a more tradition investment mortgage.
Quite similar to commercial mortgages, these facilities are used for a mixed use scheme that consists of commercial and residential space, a flat above a shop for example. Due to the residential element, it normally means the LTV can be up to 75% which is higher than a pure commercial loan.