MT Finance shares latest product and criteria guide for our BTL mortgages.
A summary of new offering:
- ICR stress testing from 125% for both company and individual borrowers
- Adverse credit considered at different levels across tier 1 & tier 2 – CCJ’s up to £5000, status 3 missed payments considered
- HMO – 10 bed up to 75%
- Expat – 70% LTV increased from 65%
- Maximum loan size now £3,000,000 from £2,000,000 available for tier 1 credit
- BTL Calculator now available link here