£ for £ remortgage with NO Interest Cover Ratio
by Howard
In the current market, some landlords are struggling to meet the lender’s requirement for rental income to be 125% – 145% of the mortgage payment. This can leave some stuck on the lenders standard variable rate, a higher rate of interest.
Quantum Mortgages may have the solution.
Their pound for pound remortgage product was launched to help those landlords stuck on SVR and who cannot remortgage due to not meeting the lenders interest coverage ratio (ICR).
Quantum will allow a pound for pound remortgage at 100% ICR. This could help those landlords stuck on the higher standard variable rates.
Please contact us to find out more information and let us help you with your mortgage.
HD Consultants has worked with many Property 118 readers. We look forward to hearing from you.
Contact Howard Reuben and his team
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