3mc Blog

Deal of the Week – 6 Bedroom HMO with Investment Valuation

Challenge 3mc – Your specialist intermediary mortgage desk

Each week we will provide a worked example for a case from the previous week detailing the information provided by the intermediary for a specialist deal along with the end result.

In this example the 3mc mortgage desk took an enquiry from an intermediary based in Cheshire. The client was looking to remortgage a 6 bed HMO to 75% Loan to Value and required a lender which would consider an investment valuation and not a bricks and mortar valuation.

Following extensive research including using the compare criteria from the 3mc website the deal was placed with Landbay. The product was a 5 year fixed rate product with a pay rate of 3.65% with a lenders completion fee of 1.5%.

3mc would only charge a £95 packaging fee for this type of case.