Commercial Mortgages and Short Term Property Finance HMO Mortgage
Independent and whole of market finance specialist for Commercial Mortgages & Residential Property Mortgages, HMO Investment BTL Mortgages, Investment property funding, renovation & Self Build finance. Bridging Loans and Short term funding
HMO Landlords…
We have 7 major lenders willing to fund HMO property purchases and remortgages. They will lend on virtually any size of property and larger loans are welcome. We have Bank of England tracker rates, LIBOR rates and fixed rates available. We even have a mortgage at 75% LTV with no lender arrangement fee and no early repayment penalty. First time landlords are acceptable at 75% LTV
- Multi let property
- Student share
- Mixed units
- Above retail
Bridging Loans…
We have access to all mainstream bridging lenders and private investors. Interest rates start from 0.75% per month and terms are available from 1 day to 2 years. No proof of income necessary. Fast decisions. Loans from £10,000 to £5m. Ideal for auction purchase, refurbishments and conversions. Stage drawdowns available. Up to 100% with additional security.
- Self Cert loans
- Unmortgagable properties
- 1mth to 12mths
- Auction purchases
Self Build Finance…
Funding up to 85% of purchase price and up to 85% of build costs. Applications welcomed for traditional building plots and new self-builds, or demolition and rebuild, or full renovation projects. No need to sell existing main residence before purchase. Low interest rates and interest-only payments during the build phase to maximise cashflow. Lending throughout UK mainland.
- Site plot funding
- Phased lending
- Loan advice
- Renovation mortgage
BTL Investment…
All BTL lenders available and up to 85% LTV. Remortgage within 6 months of purchase. Capital raise after refurb. No early repayment penalty. No lender arrangement fee. Trackers and fixed rates. Low interest rates from 2.49%. No broker fee option.
- Multi let property
- Renovation BTL
- Freehold flats
- Mixed retail residential
Development Funding
We use prime lenders and private investors. Single property projects or large developments. No previous experience necessary. Lending based on GDV and other property can be used to support higher loans. All UK mainland locations. Fast decisions. Stage drawdowns.
- Development funds
- Site & Land finance
- Phased development loans
- Private funders
Business Finance…
Our lending partners can fund all aspects of business finance, whether invoice factoring to boost cashflow, or asset finance for that new peice of equipment or even a vehicle. You can even raise capital on your existing equipment, machinery and even office furniture.
- Trade Factoring
- Structured loans
- Business loans
- Management buy outs
HMO Mortgages
There is no automated searching system for finding HMO mortgages. These must be individually sourced and most of the lenders are not high street banks or building societies, although some are. We know all the HMO lenders and we receive regular updates from them, informing us of interest rate changes and criteria changes. Contact us now on 0117 223 2050 to discuss your specific requirements. We will advise you of all your options and suggest the most appropriate HMO mortgage for you and arrange for a lending decision in principal, if required.
| Loan Type |
Max LTV |
Min Rent Cover |
Interest – Only |
Rates From |
| Multi-Let & HMO |
85% |
125% |
yes |
5.99% |
| Standard BTL |
85% |
125% |
yes |
5.49% (85%) 2.74% (65%) |
| Commercial Letting |
75% |
Please enquire |
yes |
Please enquire |
| Self-Build |
85% |
n/a |
yes |
5.24% |
| Large HMO / Halls of residence |
75% |
130% |
yes |
4.40% |
| Secured Loan |
95% |
n/a |
yes |
Please enquire |
| Bridging Loan |
70% |
n/a |
yes |
0.75% per month |
The above chart is designed to show what is available in each loan category, for example in standard Buy-to-Let mortgages the maximum loan-to-value in the market is 85% and the lowest interest rate in the market is 2.94%.
BTL Mortgages
Did you know that there are more Buy-to-Let mortgages on the market than lenders would have you believe? Some lenders release better than normal mortgage products to certain specialised mortgage distributors. These are also known as ‘packagers’ and ‘mortgage clubs’. These mortgages are so good that lenders limit the amount of funds available to lend on these products and they represent a superb buy if only borrowers knew they were available.
The traditional method of sourcing the most appropriate Buy-to-Let mortgage is to contact an independent broker. He or she should have access to the ‘whole of market’. However, the definition of ‘whole of market’ is in itself quite limiting, as this description from the FSA website suggests; “There have always been certain lenders who choose not to offer their products through intermediaries, and others who differentiate pricing depending on the channel, for example those offering 'exclusives' to certain mortgage clubs or special 'internet-only' rates. It follows from this that not every product on the market will necessarily be available to any one intermediary”.
Borrowers therefore need to shop around and obtain various quotes before deciding on a particular product, but remember that some brokers may conduct a credit search in order to produce a mortgage quote. These credit searches leave a ‘footprint’ on your credit file and subsequent lenders take these ‘footprints’ into account when making their lending decisions, so ask the broker first, as too many credit searches in a short space of time can affect your overall credit score and limit your ability to have a mortgage approved.
Our Tip: Speak to as many brokers as you like, but choose the one you feel most comfortable with and the one who has the most information available at the point of contact. All good brokers should recommend the best mortgage for you, so don't ask them all to find a mortgage, as they may all contact the same potential lender, which could ruin your chances of getting that mortgage – lenders get suspicious!
Our free online buy-to-let mortgage service aims to provide you with the most competitive buy-to-let mortgages in the market, whilst helping you choose a product to suit your individual requirements. You can use the free buy-to-let mortgage finder to get an instant personalised quote and apply for your mortgage online. There are no broker fees charged for this service so you could save yourself considerable time and money when arranging your next buy-to-let mortgage. No credit searches are carried out until you apply for a particular mortgage product.
Below is a selection of the most popular buy-to-let mortgages currently available. For full information on these products, and all other buy-to-let mortgage schemes available to you, please visit us to use the free online buy-to-let mortgage finder. If you would like to discuss your requirements with a member of the support team please telephone 0117 223 2050 or you can submit a quick enquiry directly to the team by filling in our online enquiry form.
| Most popular buy-to-let mortgages |
|
Max LTV
|
Initial Rate
|
Term
|
Completion fee
|
Booking fee
|
Incentives
|
Overall Cost for Comparison
|
|
85%
|
5.49% Discount
|
2 Years |
2.5% |
£130 |
|
6.9% APR
|
|
80%
|
4.79% Discount
|
2 Years |
£2999 |
£130 |
|
8.2% APR
|
| 80% |
4.99% Fixed |
To 31/08/14 |
3.5% (Min £595) |
£0 |
|
5.6% APR |
|
75%
|
4.89% Fixed
|
To 31/08/14 |
£995 |
£0 |
|
5.1% APR
|
|
75%
|
3.85% Discount
|
2 Years |
£2450 |
£250 |
|
5.4% APR
|
|
70%
|
3.74% Discount
|
31/07/14 |
£899 |
£0 |
|
5.9% APR
|
|
70%
|
4.25% Discount
|
2 Years |
£0 |
£199 |
Free Valuation up to £335 for purchases and remortgages and free legals on remortgages only |
6% APR
|
|
65%
|
3.99% Fixed
|
31/07/14 |
£749 |
£250 |
Free Valuation up to £700 for purchases and remortages and free legals on remortgages only |
4.8% APR
|
|
65%
|
3.99% Tracker
|
31/05/14 |
£1550 |
£195 |
Free valuation & legal fee assistance max £495 |
5.9% APR
|
|
60%
|
3.25% Discount
|
2 Years |
£1750 |
£250 |
|
5.3% APR
|
|
60%
|
3.89% Discount
|
31/05/14 |
£999 |
£0 |
Free Valuation for purchases and remortgages and free legals on remortgages only |
5% APR
|
IMPORTANT! Due to current market conditions, lenders are withdrawing and replacing products with little or no notice. Please check this website regularly to see the most up-to-date products available.
Most popular buy-to-let mortgages as of 23-02-2013
|
Max LTV
|
Initial Rate
|
Term
|
Completion fee
|
Booking fee
|
Incentives
|
Overall Cost for Comparison
|
|
85%
|
5.49% Discount
|
2 Years
|
2.5%
|
£130.00
|
No
|
6.9% APR
|
|
80%
|
5.49% Fixed
|
Dec 31 2014
|
2.5% (min £595)
|
nil
|
No
|
5.6% APR
|
|
80%
|
6.58% Variable
|
Full term
|
nil
|
£130.00
|
No
|
6.9% APR
|
|
75%
|
3.74% Discount
|
2 Years
|
£1999
|
£250.00
|
No
|
5.4% APR
|
|
75%
|
3.99% Tracker
|
2 Years
|
2.5%
|
nil
|
No
|
5.3% APR
|
|
70%
|
4.25% Discount
|
2 Years
|
nil
|
£199.00
|
Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.
|
6% APR
|
|
65%
|
3.89% Fixed
|
Oct 31 2014
|
£999
|
£250.00
|
Free valuation up to £700 for purchases and remortgages and free legals on remortgages only.
|
4.8% APR
|
|
60%
|
2.89% Tracker
|
Dec 31 2014
|
2.5%
|
£99.00
|
Free valuation for purchases and remortgages and free legals on remortgages only.
|
5% APR
|
|
60%
|
3.25% Discount
|
2 Years
|
£1750
|
£250.00
|
No
|
5.3% APR
|
If you would like more information on any of the above products please do call us where we will be happy to discuss. If your purchasing or remortgage requirements are not listed or otherwise finding difficulty in securing funding for your requirements please do call as in many cases we can find a solution or advise on the best way forward.
Email:
Tel: 0117 223 2050
Your home may be repossessed if you do not keep up repayments on your mortgages. The Financial Services Authority does not regulate some forms of mortgage.
