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seeking a perfect mortgage product!

  • Thread starter darrenpropertyinvestor
  • Start date
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darrenpropertyinvestor

New Member
Hi guys,

I'm looking for a mortgage product which will allow me to buy, refurb and refinance quickly.

I'd like a specialist HMO mortgage product which will lend at least 75% initially and then allow an immediate refinance after refurbishment (3 months later).

Ideally, lending at least 75% of new higher value, agreed beforehand with their valuer so that I can predict the outcome. If they can lend the refurbishment costs too I would be very happy!

Shawbrook bank do offer the above product (minus the refurb loan) but fees are quite high at 5.95%.

I wondered if you know of any other suitable products?

PS. When will banks start lending at lower rates for high quality, "boutique" HMOs? They seem to clump all HMOs into this high risk profile
 
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