Money Street News



MT Finance has increased the maximum LTV to 80% on its buy-to-let small HMO offering, available for its five-year fixed Tier 1 product.

The update is available for properties with up to six rooms with no complex structure. 

With a maximum loan amount of £2 million (subject to LTV limits), the product offers flexibility for investors looking to expand their portfolios or refinance existing properties.

Last month, MT Finance reduced buy-to-let mortgage rates by up to 0.50% across all products, including its recently launched Tier 2 range.

Marylen Edwards, director of mortgages at MT Finance, commented: “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.”





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


No, thank you. I do not want.
100% secure your website.