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Limited Companies and HMOs updates from Precise.

29 June 2017

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Limited Companies – Directors’ dependants now accepted as shareholders.

Buy to Let Mortgage and non regulated Bridging finance ranges now have no limit on the number of shareholders under the age of 25, subject to them being a directors dependant. (Business must be 100% owned by Directors and Director dependant)

HMO – Higher Rental Yield Opportunities for Landlords

Rates start at 3.19% for HMO’s. Precise have a range of HMO Buy to Let mortgages that could be ideal for landlords wanting to explore new opportunities, such as professional house shares.

  • Licensed and unlicensed HMOs accepted
  • Separate ASTs accepted
  • Up to 8 bedrooms accepted
  • Choice of tracker, 2, 5 and 10 year fixed rate products
  • £1m maximum loan size
  • Up to 80% LTV
  • Minimum property value £100,000 (outside of London)
     

For more details on all of this take a look at their website.


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