MT Finance has updated lending criteria for landlords with large MUFBs, increasing the loan amount from £700,000 to £3m.
MT Finance, which classifies large MUFB as 5-10 units, has made this product available to individual and corporate borrowers.
These loans are available at up to 75% LTV, but loan amounts are restricted to £2m for tier two products.
Elsewhere, MT Finance has also added a semi-commercial product to its BTL range.
Lending a maximum of £2.5m, this product is available from 7.25% and 7.19% for two- and five-year fixed-rate periods, respectively.
In both cases the mortgages are available at up to 75% LTV, with a 2.5% fee paid.
"We are excited to introduce more flexible criteria for our large MUFB product and to expand our BTL offering with the launch of our new semi-commercial product,” said Marylen Edwards, director of mortgages at MT Finance (pictured above).
“These developments are a direct result of our ongoing dialogue with intermediaries and our commitment to providing solutions that meet the evolving needs of the BTL market.
“We believe these enhancements will provide valuable opportunities for property investors."
