HMO & specialist buy-to-let mortgages

Say goodbye to inflexible buy-to-lets

If you need finance – whether a purchase, remortgage or second charge secured loan – on a HMO or semi commercial property, talk to us. Why? Because you can use our Specialist BTL mortgage for almost any purpose.

We consider a large variety of property types, and have more flexibility when lending to people with less than perfect credit histories. Plus, we’re one of the few lenders offering second charge buy-to-let, particularly interest-only second charge buy-to-lets.

We’ll consider Specialist buy-to-let mortgages for:

• HMOs with no maximum bedroom rule
• semi commercial property with less than 60% commercial usage.

Key features

• borrow up to £2m with terms up to 30 years
• rates from 6.99% 
  
• 2, 3 and 5 year fixed rate options available
• no minimum landlord experience
• other sources of income taken into consideration for affordability
• up to 4 people per application
• secure on one or several properties
• 90% of projected rent taken into consideration
• no minimum property ownership.

With added value

We consider a large variety of property types. And after 5 years, we don't hit you with early repayment charges if you want to pay off your mortgage early, so you’re not tied into the mortgage for the full term; leaving you to think about your next project.

Our lending criteria

To qualify for this product, as a minimum, you must:

• have obtained the properties with the intent to let them out. In other words, for a business purpose
• be at least 18-years old. There’s no maximum age limit, providing rental income covers 125% of total secured lending repayments.

EPC requirements

• minimum rating E – however, we will consider F or G by referral
• we'll need a copy of the EPC for all purchases and all re-mortgages, where the property is currently being let, or there is an intention for the property to be let in the future.