Fleet Mortgages Introduced a New Five-Year HMO Pay-Rate Deal
Fleet Mortgages got a new five-year HMO pay-rate deal and also cutting rates on a number of its individual landlord products. The new HMO five-year fix is offered up to 75% LTV at a rate of 3.59% and it comes with a rental calculation of 125% at the initial rate, with...
More Landlords are Into HMOs
Researches show that more than a fifth of landlords (21%), who are planning to buy over the next year, are looking to add Houses of Multiple Occupation (HMOs) to their portfolios. HMOs are being an attractive proposition in a time of market uncertainty, with HMO...
LendInvest Enhances Five-Year-Fixed Maximum Loan Size
LendInvest has enhanced the maximum loan size on five-year-fixed rate buy-to-let products from £500,000 to £750,000. The ICR has been calculated at the product pay rate of 3.6 per cent, according to the firm. Also, the valuation fee has been reduced to £150 from £190,...
Precise Mortgages Prolongs Top Slicing Across Buy-To-Let Range
Precise now accepts top slicing on all eligible personal ownership, HMO, limited company, portfolio, and holiday and student let applications. But the first time buyers are excluded. Managing director of Precise Mortgages, Alan Cleary, said: “In a challenging market,...
