The increase will mean our products are now available to more landlords.
The ICRs are the same for HMOs as they are standard property, which is why our products are rather popular.
We are increasing the maximum loan size for HMOs and Multi Unit Blocks to £1.5m.
The latest landlord research undertaken by BVA BDRC and carried out in March 2019 shows that landlords, particularly those portfolio landlords with more than four mortgaged buy to let properties, not only want to expand their portfolios in the years ahead but want to continue earning rental income from these properties in the long-term.
When stuck for an idea on how to solve a particular problem, people often go down the route of a brainstorming session. Now there is certainly nothing wrong with this, however, from my experience most people don’t tend to get the most out of what is a useful exercise.
So here are 9 tips on how to use brainstorming sessions to problem solve with success.
Back in December the Intermediary Mortgage Lenders Association (IMLA) released a report - ‘The technological new frontier: digitisation in the mortgage market’ - which outlined that the emergence of new digital tools and services is becoming an increasing driver of intermediary mortgage business.