Saffron for Intermediaries has launched a new Large HMO buy-to-let product aimed at brokers supporting experienced landlords with higher-yield and more complex HMO strategies.
The product removes limits that often restrict larger schemes, including any cap on the number of bedrooms. It is designed for landlords running sizeable portfolios and looking for greater flexibility when structuring finance.
Key features of the new Large HMO product include:
Maximum loan size of £3 million, up to 70% LTV
No maximum number of bedrooms
Student lets accepted
Available in personal name or limited company ownership
No minimum income requirement
Saffron says the criteria have been developed specifically for landlords operating larger HMO portfolios, where property scale and rental structure can make borrowing more complicated.
The launch follows a series of buy-to-let changes introduced last month. These included expanded limited company ownership across the range, including expat buy-to-let, the introduction of a new standard HMO category, and the removal of several entry barriers for experienced landlords.
Tony Hall, head of business development at Saffron for Intermediaries (pictured), said, “We’re pleased to introduce greater flexibility for brokers supporting clients with more ambitious HMO strategies." He added, "With no maximum number of bedrooms and loans up to £3 million, this new Large HMO product gives brokers the headroom to place larger, more complex cases with confidence.
"It builds on the wider enhancements we’ve made across our BTL range and reflects our ongoing commitment to evolving our criteria in line with broker feedback, delivering practical solutions that reflect how landlords are really investing.”
