Are your clients looking to seek additional property investment options to diversify their portfolio? Molo’s new large Houses of Multiple Occupation (HMO) and large Multi-unit Freehold Blocks (MUFB) offering gives landlords even more choice in the market.
Your clients can purchase a property with up to 12 lettable rooms/ units with 2-year fixed rates starting at 6.69%, and 6.79% on a 5-year fixed rate (on all LTV options), across all sizes of HMO/MUFB.
At Molo, we are committed to providing customers with first-class standards of customer service. With that in mind, all large HMO and large MUFB cases will have a dedicated underwriter to ensure a smooth and systematic process.
By choosing Molo for their mortgage needs, landlords have a plethora of options to help them maximise investments and achieve more success in the property market.
Molo’s buy-to-let lending criteria for large HMO and MUFB
HMO
- Maximum of 12 lettable rooms on one mortgage
- Up to 75% LTV
- Physical valuation applies for 6 lettable rooms
- A red-book valuation is required for properties from 7 to 12 lettable rooms
- Minimum 12 months’ landlord experience required
- HMO licence may be required
MUFB:
- Maximum of 12 units on one mortgage
- Up to 75% LTV
- Physical valuation applies for 6 units
- A red-book valuation is required for properties from 7 to 12 units
- Minimum 12 months’ landlord experience required
- All units must be separately saleable and serviced for utilities
- All units must be held on the freehold title. There should be no leases in place at the time of completion
Our eligibility criteria and product guide have all the details you need for price change specifics.
See how Molo can help you and your clients by visiting our Broker Page for more information. As always, if you have any questions don’t hesitate to get in touch with us by email at brokersupport@molofinance.com.