Buy to let solutions

Let us work with you to find the right mortgage for your landlord clients and those looking to buy a property to let, including holiday lets.
We specialise in providing bespoke mortgages for your clients, including those with more complex circumstances.

To find out more please talk to your nearest Specialist Lending Manager.

Why MHBS?

  • Manual underwriting with applications assessed on a case-by-case basis
  • Bespoke products to allow greater flexibility in more complex cases
  • No rental coverage ratio and no credit scoring
  • AVMs used where possible
  • Unusual properties considered, including annexes, large acreage and listed buildings
  • No prior letting experience requirement

Key features

  • £200k – £3m loans
  • Up to 75% LTV
  • Competitive pricing tailored to your clients’ needs
  • Fixed and variable rates available
  • Holiday lets and AirBnB accepted
  • Day one consent to let available on resi cases, including AirBnB
  • Regulated buy to let available
  • No rental stress – all let cases assessed on full affordability
  • No upper age limit

Scenarios

  • Lower yielding rental returns with stronger personal income
  • Non-owner occupiers eg FTB who has tied accommodation with their employment looking to buy a property to let
  • A property let out to a family member
  • Multi-units, eg property with three flats on one title with the applicants living in one of the flats
  • A let farmhouse with a converted barn holiday let on the same title
  • Lets with uncertain rental returns eg property let via AirBnB with the applicants using it themselves for four weeks p.a.

We’ll consider other scenarios too, please talk to your Specialist Lending Manager

Products and criteria

Our products and the rates we can offer are tailored to your clients’ circumstances, with variable and fixed rates available in most circumstances and options for increased overpayment allowances. We treat each case individually. To discuss your clients’ scenario in more detail please contact your nearest Specialist Lending Manager.

Other fees to be paid by your client:

  • Application fee
  • Product fee
  • Valuation fee
  • Legal fees
  • Quantity Surveyor fee (for some development cases)
  • Funds transfer fee

Fees are outlined in the Society’s Tariff of Mortgage Charges.

 

Applicant criteria
Minimum age 18
Maximum age No age restrictions for let applicants
Maximum number of applicants Four
Residential status UK loans considered
Foreign nationals Foreign nationals considered
Credit impairment We are unable to accept credit impaired applicants

 

Loan criteria
Amount £200k – £3m
Maximum LTV 75%

 

Security criteria
Location In England or Wales
Property type We are happy to consider unusual properties, including:

  • Listed buildings
  • Large acreage
  • Properties with an annexe
  • Multi-units

Get in touch

Pricing is tailored to your clients’ individual circumstances. To find out more or discuss a case talk to your nearest Specialist Lending Manager.

Ready to talk?

Experience our first-class, personal service with a dedicated Specialist Lending Manager and named underwriter for your cases.