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 Read more.
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 Read more.
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 Read more
A secured loan is one that is secured by the equity you have built up in a property you own. These loans are also known as homeowner loans or second-charge mortgages, as they can raise a deposit for a second home or investment for a business. Securing a loan against a property may mean that lenders are more flexible with their criteria. You may find that you have a better chance of getting accepted, get a lower interest rate and could even borrow a larger amount of money. Lenders will also set a maximum loan-to-value (LTV) that you can borrow depending on your affordability and credit record. Read more