Find the latest update from Kent Reliance here. To see their full criteria and product information go to their Intermediary site here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Expanded HMO criteria
We’ve now expanded our criteria to include HMO properties outside of Article 4 areas with 5 and 6 bedrooms (where there are 3 or more bathrooms and/or 2 or more kitchens).
We also now offer investment valuations on 5 and 6 bedroom HMOs both inside or outside of Article 4 areas.
Enhanced valuations
You can choose between an investment or standard valuation.
Instructing an investment valuation is easy, you simply need to key the number of occupants in the property as seven or more and tell us how many bathrooms there are at case submission stage. Rental income from the property will need to meet a minimum ICR of 145% for limited company applications and a minimum of 175% personal ownership applications.
A reminder of our key criteria:
- HMOs up to 20 bedrooms now accepted
- No maximum loan amount
- First-time landlord, first-time HMO up to 6 bedrooms