Residential Property Investment

If you are a landlord looking to purchase or refinance a Buy to Let (BTL), House in Multiple Occupation (HMO) or a Multi-Unit Block (MUB), then you need a specialist property finance broker in your team who can access the whole of market for you.  There are many factors to consider when financing your residential investment, whether that be a single BTL or a portfolio of properties and it isn’t simply about the rate.  It’s our job to understand your investment plans and circumstances and find the lender that is right for you.

Buy to Let

The Buy to Let market continues to grow and remains a popular investment choice for the longer term. It has been through many changes over recent years and it’s important that you are placed with a lender that meets your needs.

There are more lenders and products in the Buy to Let market than ever before and each comes with its own set of criteria and restrictions.  Some lenders will require you  to have a minimum income, whilst others will lend to professional landlords whose sole income comes from their property portfolio.  We work with property developers who also choose to have a BTL portfolio and there are lenders who are comfortable with this, whilst others aren’t.  No one scenario is ever the same and we’d be happy to talk through your options.

Have you considered?….

  • Your own experience, occupation and income
  • The number and type of properties that you own
  • Legislation covering the letting of property
  • Your credit record
  • Tenant profile
  • Property type
  • Product term and repayment profile that suits you

Limited Company Buy to Let

Following recent changes in Mortgage Interest Tax Relief (section 24), we’ve seen an increase in lenders offering products for limited companies. Once you have spoken to your accountant and considered whether buying property in a limited company works for you, we can help you access the products available.  It is worth bearing in mind that the products and processes for limited company buy to let lending do differ from standard buy to let.  Rates can be higher, although the gap is closing, underwriting tends to be more manual and the rent to interest cover can be higher.

Have you considered?…..

  • SPV or your existing trading company to own the property
  • The need for personal guarantees

House in Multiple Occupation (HMO)

An HMO is a building or part of a building which is occupied as a main residence by 3 or more people who form more than 1 household. Each room is rented out on a separate tenancy agreement and the tenants are often students or professionals who are looking to share accommodation. There are now more lenders in this market than ever before, but they do all have their own criteria; some will lend to first-time HMO landlords, whilst others will look for more experience.  There are lenders in the market that will take larger HMOs as security, whilst others restrict the number of bedrooms that they will lend on.

Have you considered?….

  • Your own experience, occupation and income
  • The number and type of properties that you own
  • Legislation covering the letting of HMOs
  • Your credit record
  • Tenant profile
  • Licencing and planning
  • Valuations – bricks and mortar or investment value
  • Product term and repayment profile that suits you

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