HMO Funding

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September 9, 2019

Finance needed to convert your property into a House in Multiple Occupation

Smarter Mortgages has the lender for you.

It’s not surprising that renting out a property on a House in Multiple Occupation (HMO) basis provides desirable rental yields whilst offering extra security from rental voids when one tenant moves out.

If you are interested in these benefits and want to convert your current buy to let property into a HMO and are wondering what your options are in terms of funding then we have a lender who will provide finance to convert a property into a HMO up to six bedrooms.

They are also able to provide financing for the following:

Converting the garage into a habitable room
Refurbishment works to increase the EPC rating
Improvements to the property to make it habitable such as decorating or refurbishing the bathroom

If this sounds like something you could benefit from get in touch today for more information.

Get a mortgage agreed

Published On: September 9th, 2019 / Categories: All News, Buy to Let, Mortgages / Tags: 6 bedroom, btl, buy to let, funding hmo, funding needed for hmo, hmo, hmo finance, hmo financing, hmo funding, hmo landlord, hmo mortgages, house in multiple occupation, house of multiple occupancy, refurbishment /

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Smarter Mortgages is a trading name of Direct Mortgage Centre Ltd who are authorised and regulated by the Financial Conduct Authority. You can find us on the register by searching our number 302007. Smarter Mortgages charge a fee for our service which is typically £495 but is dependent on the complexity of the case. Your Broker will confirm the fee prior to commencing any work for you.

Your mortgage will be secured against your home which may be at risk if you do not keep up repayments on the mortgage or any other loan secured against it. Ensure you can afford the mortgage before committing to it.