Multi-Unit Buy-To-Let Property Mortgages Just Got Easier
Investing in multi-unit buy-to-let properties has always been an enticing avenue for property investors. However, securing financing for them, especially with the added complexity of potential adverse credit, can be challenging. But we have a solution! In this article we will explore the exciting news that our brokers at Oportfolio Mortgages has just received about newly released products from Precise Mortgages, tailored precisely for borrowers eyeing multi-unit buy-to-let properties.
Key Features Of Precise Multi Unit Mortgage: New Multi-Unit Buy-To-Let Products
In a message to our brokers at Oportfolio, Precise mortgages have announced some new policy changes to products for people looking to buy and fund new multi-unit buy-to-let properties with multi unit mortgage products. Here’s what you need to know about these changes and the new multi unti block mortgages:
- Competitive Rates: Starting from just 5.99%, these rates make financing multi-unit properties more affordable, enhancing potential returns on investment.
- 75% Loan-to-Value (LTV): With a reasonable 25% deposit requirement, these mortgages provide substantial leverage for investors, facilitating the acquisition of multi-unit properties with greater ease.
- Generous Loan Size: Borrowers can access loans of up to £1 million, providing ample capital for purchasing and potentially refurbishing multi-unit properties to increase rental yields.
- Flexible Minimum Loan Size: Even for smaller-scale investments, with a minimum loan size of £40,000, these products cater to a broad spectrum of investors, from seasoned landlords to newcomers to the property market.
- Tier 1 Adverse Credit Consideration: Recognising that not all borrowers have flawless credit histories, these products are accessible to customers with Tier 1 adverse credit, offering opportunities for those who might otherwise struggle to secure financing.
Opinion From Oportfolio Mortgages’ Content And Communications Director, Louis Mason
Content and Communications Director Louis has been working in the mortgage industry since 2016
Louis Mason, Content and Communications Director at Oportfolio Mortgages, expresses his enthusiasm for multi-unit buy-to-let properties and the new multi unit buy to let mortgages products introduced by Precise Mortgages.
Multi-unit buy-to-let properties present an exciting opportunity for investors seeking to diversify their portfolios and generate consistent rental income. These properties often offer economies of scale and the potential for higher returns compared to single-unit investments. At Oportfolio Mortgages, we’re thrilled to offer access to Precise Mortgages’ latest products, designed specifically for financing multi-unit properties. These products not only provide competitive rates and flexible terms but also accommodate borrowers with light adverse credit, ensuring inclusivity and accessibility within the property investment landscape. Being a mortgage broker based in London, there are thousands of multi-unit buy-to-let investment opportunities. These new products will be a great help!”
Speak To A Multi Unit Freehold Block Mortgage Broker
With the unveiling of these new buy-to-let mortgage products from Precise Mortgages, in collaboration with Oportfolio Mortgages, aspiring property investors now have a tailored financing solution to pursue their multi-unit property ventures, regardless of their credit background. If you or anyone you know is a landlord or aspiring landlord, looking to purchase a multi-unit property with a multi unit freehold mortgage, we are here to help. Call or email out team today to see how we can help.
