TML Good for portfolio landlords, with no minimum income

Also, it’s certainly an ever-changing market in the Specialist sector at the moment to say the least, so I just wanted to take the time to update on where we are currently in terms of our Buy to Let proposition – summary as follows;

  • Purchase and Remortgage to 75% LTV – (Desktop Valuations available in Wales and Scotland – Physical Vals in England)
  • HMO & Multi Unit Block products
  • No minimum income requirement if employed/self-employed/retired/professional landlord
  • No limit to background portfolio
  • Max Loan £1.5m
  • Minimum valuation £50k
  • Reduced fees on multiple applications for portfolio landlords
  • Affordability from 125% at pay rate
  • Maximum age 80 at application/95 at term
  • Ex Pat products available (minimum income criteria applies – £40k Employed £60k Self Employed)
  • Bridge to Remo exit within 6 months (Valuation = Purchase price)
  • Flats above commercial considered (where physical valuation possible)
  • Utility and Communications Defaults not treated as Adverse Credit
  • 2 Year Fixed Rates from 3.13%
  • 5 Year Fixed Rates from 3.49%

Full product range

Online DIP/Application

We are currently operating on a reduced business development team so I’m happy to discuss any cases, or our Hub Telephone BDM team can be reached on 0344 257 0418. Advisors have access to their underwriter when cases have been submitted. We can still accept applications in Wales and Scotland that are not suitable for desktop valuation (e.g. HMO/MUB, above commercial) and underwrite them up to the point of valuation.