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Mortgage for covertion hmo to residential
Joew123
Posts: 1 Newbie
I would like to buy a house that is formerly an HMO and want to convert it back to a single dwelling, residential. However I’ve been told I wouldn’t be able to get a mortgage on it due to it being layed out as an HMO...... what can I do?
0
Comments
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I assume there are Lenders out there that will give you a mortgage to purchase HMO. Then you can use your savings or a separate loan to do the conversion if allowed by the mortgage. then re-mortgage to a residential mortgage.
I don't think you will have much luck in finding a lender which will lend you mortgage for the purchase price + costs of conversion.0 -
Who told you that you cannot get a mortgage? If it's your current/chosen lender then shop around. There are absolutely mortgages available for you.
I've used NatWest in the past.0
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