First-time landlord HMO and MUFB

A range of HMO and MUFB products for first-time buy-to-let landlords with no minimum landlord experience needed.

Product Code: LMVDB65261498
No ERC
Core 2 Year Tracker (No ERC) 65% LTV 5% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
65%
Rate
0.29% + BBR
Reversion rate
3.49% + BBR
Product fee
5%
Min loan
£30k
Max loan
£1M
Stress Rate
6.04%
Product criteria
- Holiday lets aren't permitted
- No ERCs
- Only properties in England and Wales permitted
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261500
No ERC
Core 2 Year Tracker (No ERC) 75% LTV 5% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.49% + BBR
Reversion rate
3.49% + BBR
Product fee
5%
Min loan
£30k
Max loan
£1M
Stress Rate
6.24%
Product criteria
- Holiday lets aren't permitted
- No ERCs
- Only properties in England and Wales permitted
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261686
Premier 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.54% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1M
Stress Rate
6.29%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For individual applications, the main provider of income must be the owner occupier of a residential property
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- Property must be let on a single Assured Periodic Tenancy, Private Residential Tenancy (Scotland) or Occupation contract (Wales)
- Shareholders with under 25% holding must be immediate family members of the directors
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261694
No ERC
Like4like
Premier Like for Like 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.54% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1M
Stress Rate
4.50%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Available for remortgages with no extra borrowing
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For individual applications, the main provider of income must be the owner occupier of a residential property
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- Property must be let on a single Assured Periodic Tenancy, Private Residential Tenancy (Scotland) or Occupation contract (Wales)
- Shareholders with under 25% holding must be immediate family members of the directors
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261696
Like4like
AVM
Premier Like for Like AVM 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.54% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£60k
Max loan
£562.5k
Stress Rate
4.50%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Available for remortgages with no extra borrowing
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For remortgage applications, property must be owned for 6 months before remortgaging
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- Lease must have at least 85 years remaining at completion
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- Maximum property value is £750,000
- Must have a successful automated valuation outcome
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- No new builds allowed
- No properties above or adjacent to commercial premises
- No properties in buildings with over 6 floors
- No self build properties
- Properties with cladding aren't permitted
- Property match found using address lookup
- Property must be constructed from brick and tile
- Property must be let on a single Assured Periodic Tenancy, Private Residential Tenancy (Scotland) or Occupation contract (Wales)
- Property must be occupied by tenants for at least 3 months prior to application
- Remortgage only
- Shareholders with under 25% holding must be immediate family members of the directors
- The main provider of income must be the owner occupier of a residential property
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261701
No ERC
AVM
Premier Remortgage AVM 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.54% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£60k
Max loan
£562.5k
Stress Rate
6.29%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For remortgage applications, property must be owned for 6 months before remortgaging
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- Lease must have at least 85 years remaining at completion
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- Maximum property value is £750,000
- Must have a successful automated valuation outcome
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- No new builds allowed
- No properties above or adjacent to commercial premises
- No properties in buildings with over 6 floors
- No self build properties
- Properties with cladding aren't permitted
- Property match found using address lookup
- Property must be constructed from brick and tile
- Property must be let on a single Assured Periodic Tenancy, Private Residential Tenancy (Scotland) or Occupation contract (Wales)
- Property must be occupied by tenants for at least 3 months prior to application
- Remortgage only
- Shareholders with under 25% holding must be immediate family members of the directors
- The main provider of income must be the owner occupier of a residential property
- Trading companies aren't permitted
Calculate
Product Code: LMVDB75261755-PT
Product Transfer
Product Transfer Premier Free Val 2 Year Tracker (No ERCs) 75% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
75%
Rate
0.64% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1M
Stress Rate
6.39%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For existing Landbay loans within 90 days of reversion with a clean payment history
- For individual applications, the main provider of income must be the owner occupier of a residential property
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- No ERCs
- Only properties in England and Wales permitted
- Only SPV Limited Company applications permitted on this product
- Property must be let on a single Assured Periodic Tenancy, Private Residential Tenancy (Scotland) or Occupation contract (Wales)
- Shareholders with under 25% holding must be immediate family members of the directors
- Trading companies aren't permitted
Calculate
Product Code: LMHDB75261724
No ERC
Premier Small HMO 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
HMO
Product type
2 Year Tracker
Max LTV
75%
Rate
0.74% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1.5M
Stress Rate
6.49%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- At least one applicant must have previous landlord experience
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- LTV will be based on market value with vacant possession, taking into account alternative uses including as a single dwelling house but subject to likely local planning and HMO regulation constraints, assuming a 180 day valuation period
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- Purpose built HMOs are not permitted
- Shareholders with under 25% holding must be immediate family members of the directors
- The main provider of income must be the owner occupier of a residential property
- Trading companies aren't permitted
Calculate
Product Code: LMHDB75261764-PT
Product Transfer
No ERC
Product Transfer Premier Small HMO 2 Year Tracker (No ERC) 75% LTV 3% Fee
Property type
HMO
Product type
2 Year Tracker
Max LTV
75%
Rate
0.84% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1.5M
Stress Rate
6.59%
Product criteria
- All shareholders must be individuals
- Applicants must have at least 75% shareholding
- Borrowers can have up to 15 BTL mortgaged properties in their portfolio at completion. Borrowers with 15 mortgaged properties cannot remortgage to raise capital for another purchase
- Deposits must originate from the UK
- For existing Landbay loans within 90 days of reversion with a clean payment history
- Holiday lets aren't permitted
- Inter-company loan deposits are permitted subject to additional criteria
- LTV will be based on market value with vacant possession, taking into account alternative uses including as a single dwelling house but subject to likely local planning and HMO regulation constraints, assuming a 180 day valuation period
- Maximum age at end of term is 85
- Maximum LTV for background portfolio is 75%
- Must have a RICS valuation
- No ERCs
- No Limited Liability Partnerships or Holiday Let Companies permitted
- Only properties in England and Wales permitted
- Purpose built HMOs are not permitted
- Shareholders with under 25% holding must be immediate family members of the directors
- The main provider of income must be the owner occupier of a residential property
- Trading companies aren't permitted
Calculate
Product Code: LMVDB65261497
No ERC
Core 2 Year Tracker (No ERC) 65% LTV 3% Fee
Property type
Standard
Product type
2 Year Tracker
Max LTV
65%
Rate
1.34% + BBR
Reversion rate
3.49% + BBR
Product fee
3%
Min loan
£30k
Max loan
£1M
Stress Rate
7.09%
Product criteria
- Holiday lets aren't permitted
- No ERCs
- Only properties in England and Wales permitted
- Trading companies aren't permitted
Calculate

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First-time landlord HMO and MUFB

Core 2 Year Tracker (No ERC) 65% LTV 5% Fee

Product criteria

Core 2 Year Tracker (No ERC) 75% LTV 5% Fee

Product criteria

Premier 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Premier Like for Like 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Premier Like for Like AVM 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Premier Remortgage AVM 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Product Transfer Premier Free Val 2 Year Tracker (No ERCs) 75% LTV 3% Fee

Product criteria

Premier Small HMO 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Product Transfer Premier Small HMO 2 Year Tracker (No ERC) 75% LTV 3% Fee

Product criteria

Core 2 Year Tracker (No ERC) 65% LTV 3% Fee

Product criteria

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