Aldermore has revamped its HMO BTL proposition with immediate effect.
This will see the lender offer free valuations on single HMOs of up to six beds in size, with a new tailored case management service to guide applications from start to finish.
Aldemore is also lowering interest cover ratio thresholds to support affordability and borrowing potential.
This change applies to HMOs, MUFBs and residential investment properties.
Elsewhere, the lender is improving the flexibility of its conveyancing for both managed and open panel options.
Assisted legal fees are being made available on remortgages.
Aldermore is now able to lend up to £2m at 65% LTV and £1.5m at 75% LTV for HMOs and MUFBs.
“We believe that this enhanced BTL proposition supports an increasing number of landlords who are moving into the HMO market,” said Jon Cooper, director of mortgages at Aldermore.
“These changes again demonstrate our ongoing commitment to accessible solutions, clear communication, and expert guidance at every stage of the application process.”
