Commercial – Rates from 6.72% for Investment and 6.17% for Owner Occupied** (4% fee products reintroduced)
- Up to 75% LTV
- ICR/DSCR 125% @ pay rate (Rent or adjusted EBITDA)
- No max loan, min £100k (Select Club only)
- Interest Only up to 30 years
- Product fees as low as 1%
- SIPP/SASS, Trust, Trading co, SPV, LLP all considered
- Only 12 months required on commercial leases before break or expiry
- 2yrs accounts (Owner Occupiers only)
- Lend and Forget lending – No re-valuations, no providing accounts, no loan covenants – simple!
- Storage/Distribution, Light Industrial, Office, Retail, Restaurants/Takeaways, Child Day Nurseries, Medical Sector all considered
- Opco Propco accepted with no debenture, only PG’s from directors of SPV and charge on the property.
- Holiday lets accepted on commercial products, property must be in a seaside resort, city with historical interest or national parks etc
- Purpose built student accommodation (PBSA) accepted on commercial product, happy if there is a commercial lease in place with the university or college to house their students.
Semi Commercial – Rates from 5.17%** – simplified Semi Commercial range
- As above PLUS
- No minimum resi/commercial value split required for the product – you will also stay on a semi-commercial product, no decline or commercial pricing If the residential element is above 55% then semi commercial products can be used.
- If below 55% residential then commercial pricing will be selected
- Owner Occupier and Investment accepted.
BTL – Rates from 4.94%** (Rate reduction upto 0.32%)
- Ability to lend to Trading Businesses, SPV’s, LLP’s, Trusts and complex lending structures.
- HMO’s & MUFB’s (No Size Limit)
- Minimum loan £500,000 (£1 Million for non-select brokers)
- No Max Loan Size
- Large Portfolio Loans available e.g. 30 properties on one application.
- 75% LTV
- HMO’s with more than 7 units will be valued on an investment basis.
- Units under 30sqm, shared utilities, broken freehold blocks can be considered.
**Based on, LTV, fee % and EPC C+ within last 24 months, updated EPC’s can be obtained.
If you have a deal in excess of £10 million for any of the above we could look into bespoke pricing on an individual basis.
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
📱 0161 962 7800
📧 info@3-mc.com
🌐 www.3-mc.com
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