"Despite our core business remaining focused on professional landlords, the demand from our key partners has prompted us to provide an alternative for borrowers making their first steps into property investment."
- Harsha Dahyea, head of sales and distribution at Quantum Mortgages
Specialist buy-to-let lender, Quantum Mortgages, has added two new product ranges to proposition – a larger loans product and an additional first-time landlord product.
The large loans range offers options up to £5 million per loan and is available for standard single unit properties (including flats above commercial), HMOs of any size, multi unit freehold blocks up to 10 units and semi-commercial units.
LTVs are available up to 75% and the product comes with a 1.99% fee, which is added to the loan without affecting the LTV.
The first-time landlord product offers loans sizes from £250,000 up to £2 million and is also available for single unit properties, HMOs of any size and multi unit freehold blocks up to 10 units.
Harsha Dahyea, head of sales and distribution at Quantum Mortgages, commented: “Most specialist buy-to-let lenders are funded via securitisation which limits the amount of lending that can be done over £1 million, leaving just a small handful of banks dominating the large loan market.
"We are therefore delighted to bring some specialism and common-sense lending options to our intermediary partners looking for larger than average loan sizes for their landlord clients.
“First-time landlords are something we are constantly being asked about so despite our core business remaining focused on professional landlords, the demand from our key partners has prompted us to provide an alternative for borrowers making their first steps into property investment.”
