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Mortgages for HMO
kayeman
Posts: 2 Newbie
Hi,
Does anybody have any experience on obtaining mortgages for houses of multiple occupation?
I am being made redundant next year so I am moving in to the buy to let market,I have managed to work with environmental services re the licence requirements for HMO and the building work should be completed by Feb/March (it is my existing home) but I am struggling to find a lender willing to provide a mortgage for HMO with 8 seperate bedrooms.
The rental market is strong in my area and local agents estimate an income of around £1600 per month.
Any suggestions?
Thanks
Does anybody have any experience on obtaining mortgages for houses of multiple occupation?
I am being made redundant next year so I am moving in to the buy to let market,I have managed to work with environmental services re the licence requirements for HMO and the building work should be completed by Feb/March (it is my existing home) but I am struggling to find a lender willing to provide a mortgage for HMO with 8 seperate bedrooms.
The rental market is strong in my area and local agents estimate an income of around £1600 per month.
Any suggestions?
Thanks
0
Comments
-
Mortgage Express are one of the best for BTL mortgages for HMO.“A banker is the fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain.” Mark Twain0
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Thanks - I will try them out !!!0
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