Commercial broker secures buy-to-let funding

Commercial broker secures buy-to-let funding


The commercial and buy-to-let broker, Mortgages for Business, announced that it now has secured access to mortgage funding for HMOs, freehold conversions and limited companies.

The funding comes through new specialist lender, Aldermore, who has given exclusive access to the funding to a select panel of brokers, including Mortgages for Business.

The broker is now able to provide landlords with access to funding for Houses in Multiple Occupancy, Freehold Conversions as well as properties held in the name of a Limited Company.

Aldermore launched recently and pledged to provide a range of competitive asset finance facilities for small and medium sized businesses.

David Whittaker, the managing director at Mortgages for Business, stated: “We know landlords and property investors are struggling to find finance for HMOs and freeholds split into several self-contained units. Many of the lenders who were happy to lend on this type of property have taken a leave of absence from the market during the credit crunch. Now – finally – there are some other options. In the residential investment arena, funding options are improving; if you have a finance problem, if no one else can help, Mortgages for Business can help.”

However, Mr Whittaker urged landlords and buy-to-let investors to act swiftly, warning that these funds may be limited.


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