Obtain your HMO buy to let mortgage on 0800 048 8828.
Buy to let mortgages are available from a number of lenders specifically for experienced landlords for the purposes of financing HMO properties.
Foundation Home Loans is one of these who has recently added a 2 and a 5 year fix to its buy to let range for HMO’s.
The details are:
- 2 year fixed rate at 3.19%
- 5 year fixed rate 3.49%
The mortgages are available to both individual and limited company landlords and the stress tests are the same as their normal buy to let mortgage range. Minimums and maximums apply, the details of which are available on request.
HMO’s are growing in popularity, possibly because of the potential for them to be more profitable than a normal buy to let. However, profitability depends very much on a number of factors, one of which being how competitively priced your mortgage is.
Even though you are an experienced landlord, this is where you can benefit from the skill and knowledge of one of our mortgage advisors. With our help, you could source the best possible mortgage option for you, minimising your expenditure while maximising your profitability.
Please note that we are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.
Please be aware buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.
For further details on HMO buy to let mortgages, call 0800 048 8828 today.
