jakecollins

Hi Rich, It's a great question that a lot of people have asked me in the past. Historically, most lenders placed these properties on a standard HMO product, which is typically more expensive than standard BTL mortgage products, however a few certain lenders have caught onto this and as the property essentially could be sold as a large family home still, rather than be restricted to just investors, they can place these properties on their standard BTL product range. The benefits of these products is that typically, HMO valuations are more expensive, the HMO specific products tend not to co

Hi, Since COVID, development finance has become a trickier market with many lenders suspending lending until the property market post COVID becomes clearer. Typically, the high street banks can offer more competitive rates but with stricter criteria and lower loan to values, whereas specialist bridging and development lenders can offer you higher loan to values, as well as being more flexible on criteria. Speak with a broker to ensure you end up on the correct product. Kind regards, Jake www.advocatefinance.co.uk

Hi Ryan, I am a broker myself who specialises solely in the property investment finance market. In terms of your current broker only ever recommending 75% LTV deals, I can understand why they do this as when you become an official portfolio landlord (4+ properties), many lenders do a background portfolio affordability check, and some do not like your portfolio to be above 75%. If your preference however is to obtain the higher LTV mortgages then it is certainly something that should be offered so that you can then decide whether it is worthwhile or not. Your question: Is there 80% L