As a partner with Shawbrook Bank, we are delighted to announce some exciting changes to the Residential Investment range, and in particular the RI0 product, which are all available through Key Commercial Finance Ltd.
The product was launched for simple residential security and has now been extended to incorporate HMO properties and Multi-Units.
Highlights Include
- Up to 30yr interest only period
- Reduced arrangement fees of 1.25%
- Existing customer discount still available but is against arrangement fees only
- New DSCR calculation – one simple structure
- Product allows up to 4 properties on one application
- Max exposure is £2,500,000 (individual application limited to £750,000)
- 1 for Simple residential flats or houses
From 2.99% above 3 month LIBOR
- Let to single households, private tenants
- Rental income must fully cover DSCR
- Property does not require any works prior to tenancy
- 2 for HMOs
From 3.49% above 3 month LIBOR
- Small HMOs – up to 6 beds
- Let to private tenants and students
- Property does not require any works prior to tenancy
- 3 for Multi-Units
From 2.99% above 3 month LIBOR
- Freehold block of up to 4 flats on one title
- Let to single households, private tenants
- Property does not require any works prior to tenancy
We are confident that these new products will help provide even more opportunities to support business growth throughout 2016.
For full access to this new range of products and much more please contact us today.