The cheapest introductory hmo rates currently available on two and five-year fixed-rate HMO mortgages are listed.
Bear in mind, however, that you shouldn’t judge deals by initial rate alone, as there may be some limits that make the ‘best’ deals less attractive or unobtainable.
For example, the Leeds two-year fixes below require the rental income to cover a minimum of 140% of the mortgage payments, while the deal from Precise Mortgages allows applications at 125%.
|Lender||Initial rate||Standard Rate ||Fees||Cashback||Maximum LTV|
|Leeds (small HMO)||2.09%||4.99%||£999||£500||60%|
|Leeds (small HMO)||2.29%||4.99%||£999||£500||70%|
|Leeds (small HMO)||2.49%||4.99%||£999||£500||75%|
|Lender||Initial rate||Standard Rate||Fees||Cashback||Maximum LTV|
|Leeds (small HMO)||2.49%||5.99%||£999||£500||60%|
|Leeds (small HMO)||2.69%||5.99%||£999||£500||70%|
|The Mortgage Works||3.44%||5.24%||2% of the advance||None||75%|
|Foundation Home Loans||3.49%||5.41%||£125 + 2% of advance||None||65%|
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