NEW Exclusive Buy to Let product range covering more unusual properties

We are now able to access on a shared exclusive basis via just a handful of Packagers, a new ‘Extra’ range of buy to let products covering more unusual properties and landlord borrower needs.

These new Extra products cover extra-large HMO properties (over nine bedrooms), semi-commercial properties (a combination of residential and commercial property) and holiday lets (single occupancy not HMO or multi-unit block).

Credit history does not need to be perfect - the range is available for both portfolio and non-portfolio landlord borrowers with some historic credit blips.

Current Extra products, available for both purchase and remortgage, include:

•           Extra Large HMOs - 9 bedrooms or more

•           Semi Commercial – properties with both residential and commercial parts

•           Holiday Lets - using holiday let income

•           Extra Large loan - up to £5m per property

•           Extra Large Portfolio – aggregate lending over £5m

Our comment: We believe this opens up wider finance options in these spaces for landlords to utilise in either purchasing or remortgaging, and we believe they will be particularly relevant for those who might ordinarily have to use costlier commercial lending options. Some complex buy to let cases require an individual approach to underwriting so the whole case can be assessed on its merits, considering the landlord’s entire property portfolio as required. With this proposition, you can expect expert service from a dedicated team of experienced underwriters familiar with complex property types and niche areas.

Contact us today about your Extra BTL case.