Specialist lender MT Finance has increased the maximum loan-to-value to 80% on its buy-to-let small HMO offering, available for its five-year fixed Tier 1 product.
This update, introduced at the start of the weekend, is available for properties with up to six rooms with no complex structure.
It’s available with a maximum loan amount of £2 million subject to LTV limits).
Marylen Edwards, Director of Mortgages at MT Finance, comments: •We’re seeing continued strong demand in the HMO sector as investors seek higher yields in the current market.
“By increasing our maximum LTV to 80% on our five-year fixed rate product, we’re providing investors with greater leverage opportunities while maintaining our commitment to responsible lending.”
This article is taken from Landlord Today