Leeds Building Society Returns to HMO Lending
New fixed rate mortgages for shared houses from Leeds Building Society will offer more choice for landlords looking to diversify their portfolios.
The Society is now returning to HMO lending, adding new mortgages for small and large shared houses to its product range. Highlights include:
· 3.27 per cent two year fixed rate, available up to 60 per cent LTV (loan to value) for small properties
· 3.60 per cent two year fixed rate, available up to 75 per cent LTV for large properties
Both are launched today (2nd Nov) and come with a free standard valuation and each has a £999 product fee.
The Society allows up to six occupants across small HMOs (Houses in Multiple Occupation), and offers specific products tailored to both small and large shared homes.