Quantum Mortgages launches pro product for ‘unique circumstances’

The specialist buy-to-let lender has launched the option to accommodate circumstances which fall outside of its usual criteria. 

It is aimed towards borrowers with specialised property types and specific market experience. 

Its criteria will allow a wide range of property types, including houses in multiple occupation (HMO), multi-unit properties with more than 12 rooms or units and properties with unique construction types. It will also consider freehold flats, maisonettes, properties with a value of less than £70,000, coach houses and properties with specific usage class restrictions. 

A specialist valuer will assess these properties. 

The lender will also consider tenancy types including standard assured shorthold tenancy (AST), holiday lets, corporate lets, DWP housing association tenancies, and tenancies with trading companies as acceptable corporate structures. There is no minimum or maximum tenancy term. 

There is a maximum loan limit of £1m and Quantum Mortgages will accept borrowers in England, Wales and Northern Ireland. 

At least one applicant must have owned two investment properties and have at least one year of experience in the market. 

The five-year fix is available up to 65 per cent loan to value (LTV) with rates beginning at 8.65 per cent up to 55 per cent LTV and 8.85 per cent up to 65 per cent LTV. 

Jason Neale (pictured), managing director of Quantum Mortgages, said: “At Quantum Mortgages, we are committed to enabling homeownership opportunities for all, even those with unique property circumstances.  

“QML Pro embodies our dedication to offering flexible solutions that cater to the diverse needs of our customers.”