Evicting vulnerable tenant in hospital – Landlord Action response9:55 AM, 3rd July 2019
About 2 weeks ago 69
Keystone Property Finance now have a very landlord friendly product and criteria range. In particular they will consider Trading Limited company applications (not just SPVs) for up to 80% Loan to Value and they will stress test the portfolio at a notional 5.5% and 125% interest cover.
This means you can borrow £174.55 for every £1 of monthly rental income up to a maximum of 80% with no maximum portfolio size. They will also consider Limited Liability Partnerships (LLP) along with the usual Single Purpose Vehicles (SPV) with one sic code.
At 80% LTV product options include:
2 year fixed @ 3.75% reverting to LIBOR + 4.90% and early repayment charges (ERC) of 3% in yr 1, 2% in yr 2 Loan sizes £50k to £500k
3 year fixed @ 4.05% reverting to LIBOR + 4.90% and ERC of 5% in yr 1, 4% in yr 2, 3% in yr 3 Loan sizes £50k to £500k
5 year fixed @ 4.15% reverting to LIBOR + 4.90% and ERC of 5% in yr 1, 4% in yr 2, 3% in yr 3, 2% in yrs 4 & 5 Loan sizes £50k to £500k
LIBOR rate is currently quoted at 0.80%
HMO and Multi-Unit properties have a maximum Loan to Value of 75% at a reduced interest rate to the above.
Limited Company criteria includes:
Standard Property Criteria at 80% LTV includes:
If you require assistance with this or any other type of Buy to Let finance please do not hesitate to contact me using the form below.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More