Quantum Mortgages has just unveiled a limited-time offer for investors. Dubbed the “Single Unit Exclusive Edition,” this mortgage product offers an attractively low interest rate of 4.99%, and it’s tailored for those looking to invest in single-unit properties.
Key Features:
- Interest Rate: 4.99% – A competitive rate in the current market.
- Loan Cap: Up to £1.5 million, accommodating substantial investments.
- Loan-to-Value (LTV): Maximum of 75%, offering flexibility for various investment sizes.
Who’s It For?
It’s specifically designed for the more seasoned property investors. But here’s the catch: your rental income needs to be at least 125% of the interest-only mortgage payment if you’re a standard-rate taxpayer. And if you’re in the higher tax bracket? That figure jumps to 145%.
Harsha Dahyea, the head of sales at Quantum Mortgages, isn’t shy about the product’s potential. He said, “The Single Unit Exclusive Edition is a game-changer for Quantum Mortgages. With a competitive 4.99% interest rate and flexible terms, it provides a unique opportunity to maximise returns on investment, however, this is for a very limited time and when it’s gone, it’s gone!”
Eligibility and Availability:
- Property Types: The product is open to a range of properties, including standard houses, bungalows, and select flats.
- Investor Profile: It’s tailored for those who already have up to three buy-to-let properties.
- Geographical Limit: Only available in England and Wales.
- Tenancy Agreements: Supports various types.
- Age Criteria: Investors need to be between 21 and 85 years old by the end of the term.
- Income Requirements: Interestingly, there’s no minimum income requirement for applicants.