THE HOME OF SPECIALIST BUY TO LET
We support landlords at every stage, from first-time landlords to experienced portfolio landlords, with lending shaped by our real experience and understanding of today's complex market. Our solutions help your clients diversify with confidence across HMO's, holiday lets, MUFBs, short-term lets and semi-commercial properties, along with specialist products for expats.
We're committed to supporting brokers and their landlord clients with clear communication, quick decisions, and reliable service. We're here to make mortgages happen.
Income
Loan Details
Formula
Result
HOW MUCH CAN MY CLIENT BORROW?
Affordability is based on the rental income of your client’s property. Find out here how much we may be able to lend.
Unless stated otherwise, rental income must cover the stressed mortgage payment by 125% for limited companies and basic rate tax payers, 145% for higher rate tax payers, or 135% where there is a mix of low and higher rate tax payers in the application. Holiday lets are calculated at an average of 39 weeks.
Where the fixed rate is for 5 or more years, the mortgage payment is calculated at the pay rate. For shorter term fixed rates, it uses the higher of 6% or Pay Rate + 2%.
Got a case to place?
Short-term let
Sarah, a landlord with four buy to let properties in her name, was recently advised by her accountant to manage her tax more efficiently. To do this, she set up a limited company (also called a special purpose vehicle, or SPV) before she purchased her next property. Now, she has her eye on a lovely cottage in Devon, with plans to rent it out as a short term let on Air B&B.
Here’s what our short term let product offers:
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Available for limited companies and individual landlords |
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Up to 75% loan-to-value (LTV) |
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No minimum personal income needed for portfolio landlords |
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No short-term/holiday let experience required |
Large HMO
Anthony is an experienced landlord who’s been steadily growing his portfolio over the years. He owns a mix of properties through his limited company (SPV) and has now set his sights on his biggest project yet, a 20-bedroom HMO.
The property is in an area he knows well and is close to a busy hospital, making it an excellent investment opportunity. The property is valued at £2.2 million, and Anthony needed a £1.3 million loan to help fund the purchase. The HMO would generate £12,000 a month in rent, making it a strong addition to his portfolio.
Here’s what our large HMO product offers:
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No maximum number of bedrooms for HMOs |
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Commercial valuations available for larger HMOs to confirm investment value |
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No issue with annual rents over £100,000, accept a common law tenancy agreement |
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We lend on complex property types, including large HMOs and multi unit freehold blocks (MUFBs) with up to 10 units |
