Specialist finance lender MT Finance has announced that it has increased the maximum loan-to-value to 80% on its buy-to-let small HMO offering, available for its five-year fixed Tier 1 product effective immediately.
With a maximum loan amount of £2m (subject to LTV limits), this product aims to offer greater flexibility for investors looking to expand their portfolios or refinance existing properties.
Marylen Edwards, Director of Mortgages at MT Finance, comments: "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."
