Aldermore has introduced improvements to its buy to let (BTL) proposition, with a specific focus on houses in multiple occupation (HMOs).
The enhancements include free valuations on single HMOs up to six beds, and lower interest cover ratio (ICR) thresholds to support affordability and borrowing potential (for HMOs, multi unit freeholds and residential investment properties).
In addition, the lender in set to introduce a new tailored case management service to guide applications from start to finish.
Aldermore offers flexible conveyancing with both managed and open panel options, as well as assisted legal fees are also available on remortgages
Jon Cooper, director of mortgages at Aldermore, said: “We believe that this enhanced BTL proposition supports an increasing number of landlords who are moving into the HMO market.
“These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”
