MT Finance has raised its loan-to-value (LTV) to 80% for its buy-to-let small house in multiple occupation (HMO) offering on its 5-year fixed Tier 1 product.
This change is effective immediately and applies to properties with up to six rooms, without complex structures.
The maximum loan amount is £2m, subject to LTV limits.
This move is aimed at giving investors more flexibility to grow their portfolios or refinance properties.
Marylen Edwards (pictured), director of mortgages at MT Finance, said: “We’re seeing continued strong demand in the HMO sector as investors seek higher yields in the current market.
“By increasing our maximum LTV to 80% on our five-year fixed rate product, we’re providing investors with greater leverage opportunities while maintaining our commitment to responsible lending.”
