Kensington mortgages new range of buy to let mortgages for HMO and Multi Unit properties includes 2 year and 5 year fixes for mortgages up to 80% of value at 3.44% and 4.19% respectively.
Maximum 6 beds (HMO) or 6 units in a block; minimum valuation for HMOs is £75,000 but no minimum for Multi-unit block. Maximum loan £1m per property; maximum term 40 years. Available for individuals and company applicants. No maximum age at end of the mortgage term for landlords and company directors. No limit on the number of properties owned, but not suitable for first time landlords.
These products are available through ibmco. Enquiries welcome.