H&R offers whole of market limited company BTL mortgages

H&R offers whole of market limited company BTL mortgages

 

The three products comprise a two-year discount, a two-year fix and a five-year fix.  

The mortgages are all available at up to 70 per cent loan to value and are designed for properties held within special purpose vehicle (SPV) limited companies with up to four shareholders. 

The two-year discount charges 2.99 per cent, the two-year fix is at 3.10 per cent and the five-year fix rate is 3.55 per cent.  

Each mortgage has an application fee of £250 while the completion fees are £1,250 for the two-year mortgages and £999 for the five-year fix.  

All the products come with a scale valuation fee and the discount periods have no early repayment charges (ERC).  

The ERC is two per cent for the two-year fix during the fixed period, while for the five-year fix it reduces from five per cent in year one to one per cent in year five. 

Carolyn Thornley-Yates (pictured), head of sales and marketing at Hinckley & Rugby, said: “We invite all advisers to explore our range of BTL products for limited companies. 

“It’s an option for intermediaries and their clients to consider, given the appetite for BTL investment and the tax regime faced by investors.”