A solution for all residential property types.
What property types are considered specialist?
This type of Buy To Let (BTL) mortgage is reserved for the more specialist type of property and not standard residential (BTL). The affordability assessment will vary depending on the type of property that you are looking to purchase.
Mixed use – part commercial and part residential
Very common on the high street where the ground floor is a retail space with residential on the first and second floor. Any property that comprises of a mix of uses across commercial and residential.
HMO (House of Multiple Occupancy)
This starts where a single property that is occupied by 3 or more tenants, forming more than 1 household and you share a toilet, bathroom or kitchen facilities with the other tenants.
A property that is let out on a short term (no more than 30 days) basis to a singular booking at a time.
What property types are considered specialist? Continued...
Serviced accommodation is fully furnished accommodation available for both short-term as well as long-term stays. It provides additional amenities to those expected in traditional rental accommodation and more space than in equivalent hotel rooms – on average you can expect to enjoy 30% more space than an equivalent standard of hotel.
Multi-Unit Freehold Blocks (MUFB)
A multi-unit freehold block is a single building with multiple, separate, independent residential units owned under a single freehold title.
Specialist BTL FAQs
How long can I borrow for?
You can borrow up to 40 years however there are some things to consider. If the property is being purchased in an individual’s name, the lending will need to be repaid by a certain age; often by age 80-85. If the property is being purchased within a limited company, age is less of a restriction.
How much can I borrow?
The amount you can borrow will be capped by either the max LTV for the property type or the rental income that will service the loan.
Can I have interest only?
Yes, there are lender that offer interest only. We do have to give more consideration to how you intend to repay any loan which may determine whether interest only is appropriate or not.
Why work with us?
We have many years’ experience in helping clients secure their investment properties. There are hundreds of options when looking to a mortgage provider in order to buy your target property. We invest the time at the early stages to understand your overall strategy so we can start to filter out the best fit for your overall objective. Using our extensive panel of lenders we can quickly identify who will lend based on your circumstances for the best price. Whether you’re a seasoned professional in property or just starting out, we provide ourselves in making the experience of securing funding as straight forward as possible.