Do I need to get a new mortgage following the HMO licencing changes? When do I have to obtain a HMO licence? Normally you’re obliged to inform your Mortgage Lender of any significant material changes to the property or its tenancy arrangements. For example if the mortgage was taken out on the basis of a let to a single family and now it’s a Multi-let or House in Multiple Occupation (HMO) they … [Read more...]
New Buy to Let limited company and HMO Mortgages with a small deposit
It’s no secret that many landlords are looking to place their buy to let portfolios inside Buy to let Limited Company mortgage products following the Budget last year. We are fortunate at Niche to be truly independent so we can access all the increasing number of lenders entering the Buy to Let limited company space, without restriction, so we can provide expert advice on the subject without … [Read more...]
Low rate HMO mortgage
Leeds Building Society low rate HMO mortgage great for first time HMO landlords. If you are looking to maximise rental income from your buy to let investment this Leeds Building Society low rate HMO mortgage product is perfect. HMO or to give them their full title 'houses in multiple occupation' allow landlords to let bedrooms individually which can increase rental yields substantially. There is … [Read more...]
HMO Mortgage Guide 2014
HMO mortgage options - lenders criteria - and some of the challenges faced by landlords. There are two main types of HMO mortgage applicants the ‘haves and the have-nots’. In this article am going to talk about the ‘haves’ i.e. applicants who are established landlords who want to get into the House In Multiple Occupation (HMO) sector or are looking to refinance existing stock. Do not be put … [Read more...]
HMO Mortgage Product for First Time Buyers – 3 Year Term Loan
If you have been surfing the net or talking to brokers you are probably acutely aware that buying Houses In Multiple Occupation (HMO property) as a first time buyer is very challenging. The traditional method is by way of bridging finance but even then the lenders are few and far between for HMO first time buyers. The good news is we have an attractive rate lead solution for HMO first time … [Read more...]
HMO bridging finance for first time buyer buy to let landlords
n the recession Entrepreneurs are getting more adept and maximising property opportunities as capital is king right now. One of the principle methods they are using is the division of rooms within a house for multiple tenants. So if you are thinking of buying a buy-to-let for the first time Houses In Multiple Occupation (HMOs) might just be the place for you to start. Niche Advice has recently … [Read more...]
HMO mortgage for first time buyer buy to let landlords
Solution for first-time buyer landlords who wish to purchase Houses In Multiple Occupation HMO. Lender’s have traditionally been wary of properties of this type as they are let to more that oneindividual and thus eviction for repossession can be problematic, and when coupled with inexperienced first time buyer landlords it has been viewed as a poisonous cocktail. In fact it is fair to say that … [Read more...]
HMO Mortgage | HMO Remortgage
Getting a Buy to let HMO Mortgage is not straight forward. However we are experienced in positioning the application to the HMO lenders for a favorable response. Ahead of writing this article I thought it might be helpful to conduct some additional research on the internet with regards to buy to let mortgages and specifically Houses In Multiple Occupation (HMO). It is fair to say that I was … [Read more...]