BTL / HMO
Need a Buy To Let Mortgage HMO? Contact HMO Mortgage Broker to get you one.
If you are looking to invest in a multi tenant Buy-to-let property, then a house in multiple occupation (HMO) mortgages is what you seek. A HMO mortgage is designed to provide lending for buy to let properties to at least a couple of tenants. Typically all the tenants are non-related, have separate bedrooms, and share the common facilities – bathroom, kitchen, and lounge.
Buy to let Mortgage HMOs are attractive to both tenants and landlords. For landlords, it is highly profitable as they are rented out based on each room, so the overall amount they receive is higher than for renting to one tenant.
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.
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.