THIS LENDER GIVES THE ABILITY TO BUY OR REMORTGAGE A HMO PROPERTY WITH A 25% DEPOSIT OR EQUITY
Keystone (Buy to Let Mortgages) offer HMO mortgages up to 75% of the valuation of the property. The funding from the lending comes from Aldermore.
The other major lenders in this area are Paragon, Leeds, TMW, Monmouthshire, Shawbrook and Kent Reliance
Keystone offers greater flexibility than most lenders lending in this area.
Basic Criteria
Max advance 75% loan to value
Interest only or repayment
Minimum loan £50,000
Maximum loan £500,000
Up to 6 applicants
Max age 85
No minimum income: However income proof will be requested and must be credible to support borrowing.
Rent to interest cover: Multi-Unit & HMO 150% at pay rate.
Arrangement fee: 2.5% added to loan
Current interest rates 30/07/2013
3 year discounted 4.98%. Then reverting to LIBOR plus 4.70%
3 year fixed rate 5.28%. Then reverting to LIBOR plus 4.70%
5 year fixed rate 5.28%. Then reverting to LIBOR plus 4.70%
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.
We offer at least twice the choice of mortgages compared to a standard mortgage broker. View the video on our homepage that explains how we are different.
We will give you expert impartial advice on the mortgage market.
Contact us today for a free no obligation initial discussion or meeting.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.
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We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.
