X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Mortgages & Finance

    Hodge BTL Portfolio Mortgages

    Hodge is a lender more associated to Residential or Equity Release mortgages, but has recently announced a Portfolio Buy-to-Let product for portfolio landlords, where the portfolio can be held under one loan facility.

    Each portfolio loan will be assigned a dedicated Relationship Manager who looks after the portfolio and is the single point of contact for the bank.

    Portfolio landlords are classed as those with 4 or more mortgaged properties.

    The product is available to either Ltd Co or LLP borrowers or those held in personal name.

    Properties can be added or removed from the portfolio without incurring ERCs. Only if the Portfolio loan is redeemed would Early Repayment Charges apply

    Property type accepted is generally flats (not studio) and houses (not HMOs)

    Maximum borrowing is 75% LTV over a 25 year term

    Rates are all fixed, on 5 year periods, starting at 3.25% for 60% LTV

    Product fee is chargeable on a per property basis starting at £1,500

    There are no minimum income requirements.

    Maximum age at application is 65, maximum age at the end of the mortgage is 85. Ltd Co applications will be reviewed on a case-by-case basis

    Minimum portfolio loan is £250,000, minimum property value is £75,000 with a maximum number of properties being 25

    ICR calculations are based on LTD Co (125%), LLP (145%), Basic and Higher Rate tax payers (145%), Additional rate tax payers (155%)

    To discuss your situation and circumstances then call the PTFS team on 01206 654 444 or advice@ptfs.co.uk

    0
    0

    You can contact me via Direct Message, or 07788 219647 or call the team on 01206 654444 for personalised quote and advice

    That sounds like a really useful product John.

    Would they accept holiday lets into that arrangement?

    ​Let us know how you get on with their underwriting and how many applications get through.

    0
    0