Residential investment loans cover larger or more complex residential properties that are being purchased for rental return and capital gain. Lending can be against any type of multi-unit residential property such as apartment blocks, HMO’s, student lets or portfolios.
- Clients can generally achieve up to 85% LTV
- Rates start from c2% over base rate
- Repayment loans are typically over 20 years
- Interest only options can be arranged
- Mortgages can be taken in personal names, limited company, pension fund or trust
- Lender fees are typically 1% of the advance
- Terms will vary quite significantly dependent upon the property type, rental income etc.