HMOs

We are experts in HMO finance, they comprise the majority of our business. As such, we ‘Best Financial Services Supplier’ at the HMO awards 2022.

Houses in Multiple Occupancy are properties with multiple tenants on separate tenancy agreements (usually). This differs from single lets, which are let to a family or individual on one agreement.

HMOs have a huge variety of sizes and tenant types. We see HMOs from as small as 3 bedrooms all the way up to 30, and beyond. Some tenants are professionals, some students. We have seen properties let to charities who place vulnerable people in them.

Planning and licensing HMOs has changed significantly in recent years with the implementation of article 4 across many areas. Valuation methods vary frequently, both in policy and real world implementation. The lines between Bricks & Mortar and Commercial Valuations often blur with phrases like ‘HMO Uplift’ and ‘Hybrid Valuation’.

HMO Mortgages

HMO Mortgages have more layers of complexity than Buy to Let Mortgages, with consideration for the property size, communal space, Landlord’s experience, tennant type, planning and so fourth

Up to 80% LTV
First Time Landlords considered
Up to 20 bedrooms and beyond
All tenant and lease types Considered include local authority leases, subletting and Vulnerable tenants

HMO Bridging & Development

Most HMO developments are built for long term rental income, not sale. They often aren’t very profitable during the build but have healthy cashflow once up and running. Because of this, Bridging and Development Lenders take great care to make sure Clients are able to mortgage their properties once their loan terms are up.

We’re well placed to assess lending options, valuation methods and the other factors involved in any HMO Development or conversion.

Funding for up to 80% of the site value
Funding for 100% of build costs
Deep knowledge of HMOs and up to the minute market knowledge

HMOs

Tell us about your project today.