Independent for self build mortgages, BTL, HMO, Renovation finance and residential mortgages

Commercial mortgages Bridging Finance HMO BTL Mortgages

Buy to let best deals for House of Multiple Occupancy (HMO) Mortgages

Purchase or Remortgage HMO Letting property at lowest high street rates

mortgage schemes for Houses of multiple occupation BTL for landlords

Purchasing or refinancing buy to let HMO or multi tenant property? Call us today for latest deals on the market.

We could save you money on your HMO investment property mortgage! HMO and Multi-tenanted property mortgages arranged. 85% LTV of the open market value lending now capped to 75%

We have direct access to the whole of the market for all BTL and HMO specific lenders products.

Mortgages for HMO with no proof of rental income and self certified personal income

A HMO property is generally regarded as a property with 5 or more tenants and with 3 or more stories. This can vary from region to region according to the local Councils own definition of a Home of multiple occupation.

BTL lenders definitions of what is a HMO can also vary. Some mortgage lenders will allow multiple tenancies within a rented property, but will not accept registered HMO's, so it is important to get all the facts together before embarking on a purchase of such investment rental property. Lenders also have restrictions on how many existing BTL or HMO properties an applicant can have at the time of the mortgage application.

Mortgages for student & house share property are restricted to 5 let rooms by most BTL lenders. We can help arrange your mortgage for a student let or house share property

Effects of the credit crunch on BTL & HMO lending.

Previously property investors enjoyed being able fund their purchases of high yield HMO multiple occupancy property with deposits as low as 15%, with 85% of the purchase price or property value being funded by the mortgage. During this economic downturn we have seen lenders continually reducing the amount they are willing to lend down to 80% and now 75% across the general BTL mortgage market. We have also seen key lenders in the HMO market changing lending criterias, rental calculation values, and major factors such as maximum number of letting rooms allowed. Some major players in the market have withdrawn all HMO or multiple occupancy lending products altogether.

We have contacts with every lender in the market today and have continued to arrange HMO and multiple occupancy mortgages for our clients, either purchasing or remortgaging property. The chart below illustrates the current situation between single BTL (ie one household renting, one AST) lending and HMO or Multiple occupancy lending.

HMO Buy to let Landlords mortgage table (Summer 2009)

	Type	Maximum LTV	Lowest intrerest rate on market	Maximum number of rooms to let	Rental Calculation
House	BTL for single family/tenant ocupancy	75%	4.70%	Not applicable	125% of interest payment
House share	BTL for multiple tenancies	75%	4.70%	5 Rooms	125% of interest payment
House share HMO	HMO for multiple tenancies	65%	4.50%	No Limit	Notional
House share Flats	HMO for multiple tenancies (low fees)	60%	5.79% Variable 5.99% Fixed	5 rooms and can have other communal rooms	130% of interest payment

Mortgages for HMO and Multi Lets

New AMV mortgage facility. No deposit required click here.

Self Cert HMO Mortgage suitable for larger hmo's property with up to 15 let rooms

Interest rate now 5.69% 2yr Fixed

No verification of personal income

Rental assessment by letting agent letter

This HMO mortgage is just 5.69% Fixed for 2 years. Suitable for the larger HMO property with up to 15 letting rooms in the property. Suitable for individual AST's or single AST.

Lenders arrangement fee is just 1% added to the loan

Call now to discuss or to find out what other deals are available.

Free Mortgage Quotations for H.M.O and Multi Let residential investment property

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Best BTL HMO Letting mortgages for share houses, multiple AST's, Bedsits & Flats under 1 freehold.

*please call for latest rates and LTV's while lending criteria are changing* Subject to status and underwriting

HMO Property Type	Property description/details	Max LTV 2007/08	Tenant	Max Units
Student share house	Shared kitchen and bathrooms, communal living room	85%	Students	None	Quote
Student Halls	Large student halls building		Students	None	Quote
Share house HMO	Shared kitchen, bathrooms, living room.	85%	Any	None	Quote
Flats under one freehold title	Freehold property split into flats without leasehold titles	85%	Any	None	Quote
Bedsits	Freehold property split in to bedsits		Any	None	Quote
Mixed property	One Freehold of Flats, Bedsits, Studio flats, Rented rooms	85%	Any	None	Quote
Ex council HMO	Ex council property as HMO	85%	Any	None	Quote
Hostels	Former Hostel converted to HMO letting	85%	Any	None	Quote
Guesthouse as HMO	Former guesthouse converted to HMO letting	85%	Any	None	Quote
Commercial HMO	All HMO property with over 10 letting units	85%	Any	None	Quote
Mixed use HMO/Retail	Retail shop with HMO flats above	85%	Any	None
Leasehold Flat	Leasehold flat or maisonette used as HMO	85%	Any	None	Quote

Please call about Loans on OMV for Below market Value purchases. Bridge and refinance plans may be utilised to effect no cash deposit.

Loans can be based on the OMV Open market valuation of the property irrespective of the purchase price. Therefore where a significant discount has been arranged. The loan amount can also be greater than the purchase price so in some instances a 'cashback' can be gained.

'Fees Free' 70% Remortgage for Buy-to-Let & Multi tenant let properties

The remortgage legal fees are free, and no lenders arrangement fees. We also wont charge you a broker fee for a completly FEES FREE remortgage.

Raise up to 70% LTV on your existing BTL Property

For BTL and HMO Multi Tenanted Properties

No Arrangement Fee. (Other lenders are charging 1 - 2 % )

Free Valuation fee, or first £335.00 paid for you

Free Legals (Save around £500 on legal fees)

Other features:

Single or multiple AST

No Max number of letting rooms. Ideal for larger HMO

No Proof of rent - Only require a letting agent to confirm rental income

Raise up to 70% LTV on your existing BTL Property

(All this in the same remortgage product)

This product is ideal for landlords requiring capital raising on existing property. In the current economic climate we are finding that even landlords existing lenders are not accepting applications for further advances or re-mortgages for capital raising on their existing core business.

Want to know more or apply today: Telephone us today and speak to one of our mortgage advisers who will email you a personalised mortgage illustration to confirm this mortgage. Application process is the same, we will complete the mortgage application over the phone with you, package and submit to the lender and manage through to completion. The valuation is free for most properties, on larger properties the first £335.00 of the valuation is paid. We anticipate this product will not last long as funds at this criteria are limited.

Call us on 0117 2232050 or enquire online with our online BTL application form .

As Allways Free Quotations and No Obligation

Please contact us for approval and illustration on the above mortgage schemes.

Display is none Div. For editing purposes only.

Remortgage schemes with Free Valuation and Free legal fees.

Many more schemes available call us for details. Rates Updated Daily

HMO Mortgage Exclusive please call us Now or Enquire for Full Details :

(Product expired)

Upto 85% LTV True HMO Multiple Letting rooms
Free Valuation (upto 85% LTV remortgage only)
Free Legal fees (upto 85% LTV remortgage only)
Allow more than 6 leting units or combinations of self contained flats and letting rooms
Very attractive rates and latest rate deals from lenders
Repayment or Interest only mortgages
Self Certification and no proof of personal income
Only 115% Rental Assesment (Upto 85% LTV)
Mortgage products with no rental asessment for renovation projects
For Purchase and Remortgage
No Broker Fees charged on all our BTL and HMO mortgages.
Interest only terms available for term of loan
Self cert up to £2.5m.

new 5.25% HMO HMO Multiple letting property mortgages

All property types Struggling to find a mortgage on your property? We find mortgages for all HMO property types including:

Multiple Kitchens within the property
Up to 20 rooms in the property
Mixed Bedsits and Share property
Mix of Self Contained Flats and Shared Accommodation
Ex Local Authority property
HMO property above shops
Multi let properties and bed sits
Conversions from Guesthouses, Hotels, Hostels, Bed and Breakfasts.
Owner occupied under certain conditions

All property types Best HMO Mortgages for larger properties up to 10 letting s/c rooms with more than 1 kitchen:

(Product Expired)

80% LTV up to £1,000,000 max loan size.
Up to 10 Letting rooms. Rental calculation at 125%
Mix of let rooms, bedsits, self contained flats.
More than one kitchen accepted.
No Broker Fees
Valuation fee refunded for mortgage amounts over £450,000
No obligation quotation provided by phone and email.
Call to discuss your mortgage requirements or enter details online below.

All property types Non status Adverse Credit Mortgages for Multiple occupancy investment property:

Adverse credit - Past mortgage arrears
Adverse credit - County Court Judgements (CCJ's)
Adverse credit - Defaults
New Self Cert & No rental assessment Multi Let property mortgages
We can arrange mortgages on multiple occupancy property where other lenders say No.

Many more schemes available call us for details. Rates Updated 05 March 2008

Please contact us for approval and illustration on the above mortgage schemes.

ENQUIRE BELOW FOR OUR HMO EXCLUSIVE MORTGAGE DEALS

FOR A FREE NO OBLIGATION QUOTATION COMPLETE THE FORM

OR TALK TO A MORTGAGE ADVISOR TODAY ON 0117 2232 050

Our Specialist BTL & HMO Mortgage Advisor will find the best mortgage for your HMO property. We can then email you a full written mortgage quotation. We are confident you will be impressed with our mortgages for HMO.

What is a HMO property: HMOs may be defined as a building which is occupied by more than one household and where more than one householder shares an basic aminity such as a bathroom, toilet, kitchen. This excludes purpose built flats and converted buildings with self-contained flats within the building. Some Lenders definitions vary on what they consider as being HMO.

Other Common Lender Definitions of a House of Multiple Occupancy:

More than three occupiers
Building is NOT wholly owner occupied
Shared basic amenities in the building -bathrooms | toliets | kitchens | utility
Not a converted building into self-contained flats
Unrelated persons residing at the same property
Bedsits or flats that are not self contained
University student accomodation
NHS Nurse share homes
Halls of residence Investment property
Student HMO multi let share house