MT Finance ups maximum LTV on HMO product

Published on

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

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

The lender says this highlights its commitment to supporting landlords and property investors in the growing HMO market sector.

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

Marylen Edwards (pictured), director of mortgages at MT Finance, said: “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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Chetwood Bank appoints Darren Hodgson as BDM for the South

Chetwood Bank has appointed Darren Hodgson as business development manager covering the South of...

Source Insurance integrates platform with HPS Insurance CRM

Source Insurance has partnered with HPS Insurance to integrate its home insurance quotation platform...

Advise Wise launches referral hub to broaden adviser support

Later life sourcing platform Advise Wise has launched a new Referral Hub designed to...

LHV Bank promotes two to senior roles

LHV Bank has promoted two members of its commercial lending team as it continues...

Mortimer Street Capital and Visionary Finance appoint Tom Madden as director

Mortimer Street Capital and Visionary Finance have appointed Tom Madden as director of both...

Latest publication

Other news

Chetwood Bank appoints Darren Hodgson as BDM for the South

Chetwood Bank has appointed Darren Hodgson as business development manager covering the South of...

Source Insurance integrates platform with HPS Insurance CRM

Source Insurance has partnered with HPS Insurance to integrate its home insurance quotation platform...

Advise Wise launches referral hub to broaden adviser support

Later life sourcing platform Advise Wise has launched a new Referral Hub designed to...