5.64% HMO Ltd Co 2 Year Fixed Rate to 31/08/2027 (XF0998) - XF0998

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Initial Rate	Initial Rate Ends	Follow On Rate	Max. LTV	Application Fee	Product Fee	Repayment	Interest Only	Limited Company
5.64%	31/08/2027	8.69%	70%	£175*	1.00%~	Yes	Yes	No

Purpose - HMO Limited Company Buy to Let applications for Purchase and Remortgage
Loan to Value - Maximum 70%
Fixed Rate end date - 31/08/2027
Application fee - £175 + Valuation Fee
Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
^~Product Fee - 1% of the loan amount, subject to a minimum of £1,000
^Cashback - £0
Early Repayment Charges - 2% until 31/08/2026, 1% until 31/08/2027
Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
Minimum Loan - £45,000 for Purchase and Remortgage
Cost for comparison - 8.5% APRC
Additional criteria - The company must be a Special Purpose Vehicle (SPV) registered in England and Wales under either of the following Standard Industry Classification (SIC) Codes:68100, 68209 or 68320.

HMO Specific Criteria

Properties with four, or fewer, lettable bedrooms with a maximum of six occupants will be considered
The SPV must have owned and maintained a Buy to Let property for a minimum period of 12 months in either personal name or whilst the director/shareholder of a Limited Company
Not available for student lets and care homes.

All applicants

ID documents if the electronic check we carry out on the applicant fails
Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide these on submission.

Remortgage applicants

A copy of the existing / proposed tenancy agreement
Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this).

Purchase applicants

Evidence of deposit in a UK account held by the applicant(s)
For gifted deposits, we require a signed gifted letter from the giftor plus evidence of funds in a UK account.

Applicants with four or more mortgaged Buy to Let properties

We will treat these applications as a portfolio landlord and we require details of their full portfolio and a business plan. For the assets and liabilities form and the business plan checklist, please click here.

Fees for this product

Purchase and Remortgage fees

Application Fee - £175 + Valuation Fee
Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
^~Product Fee - 1% of the loan amount, subject to a minimum of £1,000.

Procuration Fees (gross fee paid)

For all types of procuration fees paid and for further fee information, please click here.

Criteria checker

Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator