Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
If you want to rent your Buy to Let property out to multiple, unrelated occupants, you will need a specialist House of Multiple Occupancy (HMO) mortgage.
That is where our experienced team are ready to help. We don't place a limit on the number of rooms you can have in your property, and we don't require you to have previous landlord experience.
Automated valuations can be accepted, using data from a range of existing databases to automatically calculate a value for the property that the loan will be secured against , greatly reducing the timescales and costs required. We also consider applications from foreign nationals, based in the UK and abroad, and British expatriates.
So if your property has potential as a student let or houseshare, talk to us. Whatever the situation, we won't insist you have any past experience as a landlord. And we can take up to 90% of projected rent (plus any other income you have) into account when calculating what you can afford.
We could even help if:
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out hereA House in Multiple Occupation mortgage is designed specifically for Landlords who want to rent their property out to three or more tenants who aren’t from the same family.
The tenants will typically share a kitchen and living space and occasionally a bathroom, but some properties will have en-suites for each renter.
Yes – we will just need details of your portfolio to get a full picture of your situation so we can work out your specific needs.
Please contact us on 0161 956 3224 or book an appointment here to discuss our current rates.
It all depends on the legal process with your solicitors. We will get the offer in principle out to you on the same day of your application and your offer to your solicitor within a week if we have everything we need.
Once you’ve submitted your application to your relationship manager, your case will be submitted to our underwriting team for approval. Once approved the legal pack will be issued to your solicitor to complete the legal paperwork. Your solicitor will return this to our completions team, who will submit the case for final approval and funding.
In some scenarios, we may be able to utilise our in-house legal team to help speed up the application process.
We like to make your application as straight forward as possible. Not everyone’s circumstances will be the same and so we don’t ask for the same documents from everyone. Some standard documents we ask for are:
Your relationship manager will talk you through exactly what you will need for your application.
In most cases we can run a desktop valuation, meaning there will be no valuation costs involved. If we can’t run this for any reason, or doesn’t return as expected, that’s when we would need a full valuation.
Yes – we will just need some information about how you will be in a position to make the monthly instalments or discuss alternative products with you.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
