Purchase and remortgage.
Remortgages within 6 months of purchase can be considered. Please contact The Hub for more information.
Capital and Interest. Interest Only. Part and Part.
£25,001 – see product guide as loan amounts may vary.
Up to £3,000,000 per single asset exposure with Aggregated exposure limited to £5,000,000.
Our loans are not portable.
90 days. New build offers will be valid for 6 months subject to valuation / reinspection, if required.
Payments must be made by direct debit. The direct debit mandate is required along with a bank statement for this account evidencing the account holder name and address.
If capital raising more than £150,000, evidence may be required of use of remortgage funds. If you are seeking to capital raise more than 50% of the available value in your property, evidence of use of remortgage funds may be required.
TML may request evidence that the applicant holds a minimum of 3 months of funds to meet mortgage payments in instances of rental voids. A full copy of a bank or deposit statement/bank data in an electronic format from an approved source demonstrating an acceptable level of savings may also be required.
Maximum loan and LTV
||Limited Companies/LLP LTV
||HMO & Multi-unit Blocks LTV
||New builds and flats above commercial LTV
Deposits are required to be evidenced.
Limited Company/LLP reserves or working capital.
Sale of property or pending sales.
Sale of shares or investment.
Equity from another property.
Please contact The Hub to discuss.
Vendor/Builder gifted deposit
New build properties can have up to 5% builder gifted deposit.
Converted properties up to 5% considered on a case-by-case basis.
Gifted deposits are allowed from family members i.e. parents, grandparents, spouse, gifts from wider family members will be considered on a case by case basis. Gifts from non–family members will be considered on a case by case basis. All gifted deposits must be disclosed. Subject to a TML Gifted Deposit/Equity Form being provided from the deposit provider together with all required identification and evidence of funds being submitted.
Family gifted equity
Up to a maximum 75% LTV and satisfaction that the transaction does not constitute Consumer BTL. Gifted deposits are allowed from family members i.e. parents, grandparents, spouse, gifts from wider family members. Gifts from non – family members will be considered on a case by case basis. All gifted deposits must be disclosed. Subject to TML Gifted Deposit/ Equity Form from deposit provider and identification.