6.04% HMO Ltd Co 2 Year Fixed Rate to 31/10/2028 (XF1343) - XF1343

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Initial Rate	Initial Rate Ends	Follow On Rate	Max. LTV	Application Fee	Product Fee	Repayment or Interest-Only?	Limited Company
6.04%	31/10/2028	8.29%	75%	£175*	1.00%~	Repayment Interest-Only	No

Purpose - HMO Limited Company Buy to Let applications for Purchase and Remortgage
Loan to Value - Maximum 75%
Fixed Rate end date - 31/10/2028
*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
^Cashback - £0
Early Repayment Charges - 2% until 31/10/2027, 1% until 31/10/2028
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 - 8.1% APRC
Additional criteria -
Ltd Company Specific 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 - Available for properties with up to six lettable bedrooms and a maximum of six occupants. For student lets, the property must be located in one of our nine approved areas. Not available for 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. Download our assets and liabilities form and the business plan checklist.

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.

Procuration Fees (gross fee paid)

For all types of procuration fees paid and for further fee information, please visit our Intermediary fees and procuration fees page.

Criteria checker

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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