MT Finance has increased the maximum LTV to 80% on its buy-to-let small HMO offering, available for its five-year fixed Tier 1 product.
The update is available for properties with up to six rooms with no complex structure.
With a maximum loan amount of £2 million (subject to LTV limits), the product offers flexibility for investors looking to expand their portfolios or refinance existing properties.
Last month, MT Finance reduced buy-to-let mortgage rates by up to 0.50% across all products, including its recently launched Tier 2 range.
Marylen Edwards, director of mortgages at MT Finance, commented: "We're seeing continued strong demand in the HMO sector as investors seek higher yields in the current market. By increasing our maximum LTV to 80% on our five-year fixed rate product, we're providing investors with greater leverage opportunities while maintaining our commitment to responsible lending."
