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

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...

Broker Conveyancing launches referral hub for advisers

Broker Conveyancing has launched a referral platform intended to make it quicker for mortgage...

House price rise puts mortgage resilience in sharper focus

Homebuyers should consider how they would meet mortgage payments if illness or injury affected...

Simplify’s trust gives £22,500 to nine local charities

The Simplify Charitable Trust has donated £22,500 to nine charities working in communities across...

Latest publication

Other news

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

The case for tech fluency before AI adoption in the mutual sector

It often feels like there is only one conversation taking place in financial services...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...