New changes target landlords seeking to finance complex or non-standard properties
Quantum Mortgages, a specialist lender in the buy-to-let sector, has announced key enhancements to its lending criteria, including an increase in the maximum loan-to-value (LTV) available for specialist property types. These changes aim to provide greater flexibility and opportunities for landlords looking to finance complex or non-standard properties.
The lender’s specialist property range, which includes houses in multiple occupation (HMOs) with up to 12 units, studio flats, flats located above commercial units, and semi-commercial properties, will now be eligible for financing up to 75% of the property’s open market value. This represents a significant increase in the maximum LTV, providing landlords with higher leverage on these types of properties.
Quantum Mortgages has also adjusted its QML Pro range, which focuses on non-standard properties, including HMOs of any size and properties with restrictive covenants. The maximum LTV for this category has been raised from 65% to 70%, further expanding options for professional landlords.
Expansion of specialist property eligibility
In addition to these changes, the lender has introduced other improvements to its criteria. Freehold properties in Northern Ireland will now be eligible for loans up to 80% LTV at standard rates, both for single-unit and multi-unit properties. Foreign nationals will also have expanded access to loans for specialist property types, broadening the lender’s reach in the buy-to-let market.
Harsha Dahyea, head of sales and distribution at Quantum Mortgages, emphasised that the changes were in response to feedback from broker partners. “Since we’ve seen a more stable rate environment, the message has been clear—landlords are looking for higher leverage on the more specialist higher yielding properties,” said Dahyea.
“Our unique and specialist underwriting process allows us to be more flexible and apply some much-needed common sense for professional landlords.”
Aron Engel, senior mortgage broker at DAS Finance, a buy-to-let specialist, praised the move, saying, “Quantum Mortgages are the best at listening to and understanding what we and are landlord clients are looking for. We have been working with them since day one of their launch, and have found their flexibility, common sense approach and customer service to be a breath of fresh air.”
Launched in May 2022, Quantum Mortgages is a specialist buy-to-let lender focused on the needs of experienced landlords, working exclusively with intermediaries. The company combines advanced technology with skilled human underwriting to offer a seamless, paperless mortgage application process. Backed by AB CarVal, a global alternative asset manager, Quantum Mortgages secured £1 billion in initial mortgage funding following a significant seed funding round in 2021. AB CarVal has over $16 billion in assets under management, specialising in credit-intensive assets and market inefficiencies.
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