Quantum Mortgages, the buy-to-let (BTL) lender, has announced the launch of a new product, QML Pro. This specialist range is designed to cater to properties and borrowers who fall outside of Quantum Mortgages’ standard criteria, aiming to better serve homeowners and investors with unique property types and specific market experience.
QML Pro’s features include flexibility for a variety of property types. These can range from Houses in Multiple Occupation (HMOs) and multi-unit properties with more than 12 rooms or units, to properties with non-standard construction and those valued under £70,000. Properties that fall outside of typical classifications will be assessed by a specialist valuer.
The new range also accommodates various tenancy types. This includes standard Assured Shorthold Tenancies (ASTs), holiday lets, corporate lets, and tenancies with the Department for Work and Pensions (DWP) housing association. Importantly, there is no restriction on the length of tenancy terms.
In terms of financial support, QML Pro boasts a maximum loan limit of £1m, aiming to cater to a wider range of property investments. This offering extends to borrowers across England, Wales, and Northern Ireland.
Jason Neale, managing director at Quantum Mortgages, welcomed the QML Pro launch, said: “At Quantum Mortgages, we are committed to enabling homeownership opportunities for all, even those with unique property circumstances. QML Pro embodies our dedication to offering flexible solutions that cater to the diverse needs of our customers.”
