The Mortgage Lender (TML) has added houses of multiple occupation (HMO) and multi-unit blocks (MUB) to its limited edition buy-to-let (BTL) proposition.

As part of the changes, the lender has also cut rates on its five-year limited edition BTL products.

TML’s five-year limited edition fixed rate at 75% LTV for individual and limited company applicants is down from 3.31% to 3.2% while the new five-year fixed HMO/MUM product has an initial rate of 3.58% at 75% LTV.

Limited edition products are available to the whole of market for purchase and remortgage, with TML confirming the products also offer a reduced completion fee of %, standard valuation fees and a £150 application fee.

Earlier in the summer, the lender added a raft of new 80% LTV products to its core BTL range and reduced its minimum loan value to £25,001.

TML sales and product director, Steve Griffiths, said: “Our limited edition BTL products are designed to make it easier for brokers and landlords to refinance and add to their portfolios.

“Adding HMO and MUB properties to the mix gives landlords looking to purchase or remortgage those buildings access to competitive five-year rates and reduced completion fees, bringing down the overall cost of refinancing or purchasing while allowing them to leverage by borrowing up to 75% LTV.”

Share Story: