Quantum Mortgages
Lender Documents
Proc Fee
| Product | Gross Fee paid by lender | Net fee paid to regulated broker | Net Fee paid to non-regulated & client referral service |
|---|---|---|---|
| Buy to Let | 1.10% | 0.70% | 0.20% |
Quantum Mortgages is a specialist lender within the BTL market.
The management team have been working with intermediaries for virtually their entire careers. This deep understanding of both the needs of landlords and intermediaries has led to the creation of what we feel is a unique proposition. As most lenders continue to chase the technology dream of automation and offering mortgages as quickly as possible, Quantum Mortgages are more concerned with offering landlords and mortgage intermediaries’ greater product choice, more useful & modern lending criteria, coupled with the ability to listen to and understand individual circumstances.
Lending Criteria
Buy to Let
- Lend in England, Wales & Northern Ireland
- Properties in Northern Ireland – single units up to 70% LTV
- No minimum income
- No maximum age
- Minimum property value is £70,000
- HMO up to 12 Units
- Multi-Unit Blocks up to 12 units
- Ex local Authority Flats over 5 floors up to a maximum of 12 floors
- Studio Flats less than 30 sqm
- Deck Access Flats
- Ex local Authority houses and flats where the area owner occupation is less than 50%
- Ex local Authority flats valued below £200,000 (subject to minimum £70,000)
- Properties above or adjacent to commercial premises
- Properties above or adjacent to food takeaways or alcohol sales restricted to 65% LTV
- Semi Commercial units where the self-contained residential accommodation consists of at least 60%
- No requirement to have a lift
- No PG’s required below 50% LTV
- Green LTV Boost
- Day 1 remortgages on OMV
- Loans from £25,001 to £1 million
- Terms from 2 years to 40 years
- Capital raising for any legal purpose apart from to pay gambling debts or to prop up a failing business
- Refinance of bridging & development finance
- Max 5% builder incentive on new builds
- Leasehold: Minimum term remaining of 35yrs at end of term
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