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

Key Partnerships urges advisers to raise standards

Firms referring customers for later life lending advice must place greater focus on best...

Together appoints corporate affairs director

Specialist lender Together has appointed Kate Grimoldby as its new corporate affairs director, reporting...

Average rental yields up annually despite quarterly dip

Average rental yields across England and Wales continued to rise year-on-year, although six out...

Atom bank cuts rates for the second time in weeks

Atom bank has reduced rates across its prime mortgage range for the second time...

EXCLUSIVE: Quantum Mortgages expands cashback up to £20k

Quantum Mortgages, the specialist buy-to-let and bridging lender, has expanded its cashback range to...

Latest publication

Other news

Key Partnerships urges advisers to raise standards

Firms referring customers for later life lending advice must place greater focus on best...

Together appoints corporate affairs director

Specialist lender Together has appointed Kate Grimoldby as its new corporate affairs director, reporting...

Average rental yields up annually despite quarterly dip

Average rental yields across England and Wales continued to rise year-on-year, although six out...