SPV Ltd Co purchases HMO multi-unit combo

We were approached by a full-time landlord with 15+ rental properties looking to expand his portfolio.

He was looking for finance through his SPV limited company to buy a four-bed house in Surrey with a self-contained two-bed flat attached. His plan was to let the house and flat to students.

Classed as a combination of both HMO and multi-unit, the number of lenders we could approach for finance was somewhat restricted; however, we identified the most suitable provider which offered the following terms and the application was completed without a hiccough.

Here are the details:

Property value: £600,000

Loan amount: £450,000

LTV: 75%

Borrower: SPV limited company

Rate: 3.99% 2 year fixed

Term: 25 years interest only

Lender arrangement fee: 1.5% (£6,750)

Mortgage payment: £1,518 pcm

Rental income: £3,000 pcm

Gross yield: 6% pa

ConsultantPaul Martins


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