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You are here: Home / Bridging Loans / HMO bridging finance for first time buyer buy to let landlords

by Payam Azadi

HMO bridging finance for first time buyer buy to let landlords

hmo mortgage

buy to let Mortgage Broker

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 launched a conventional HMO mortgage product to cater for this and we would be happy to talk and walk you through the process, however, the real money is in spotting the potential in a property that is not already converted and licenced.

In this instance you will need to use bridging finance for the renovation and then a remortgage to a conventional mortgage product as soon as the lenders will allow – which is normally six months.

The bridge finance will be costly but this approach is about a long term strategy of maximising the rental yield of the property. If you want a quick but lower return traditional buy-to-lets is probably the way for you.

To find out more about HMO Mortgages or Bridging Finance, please call us on 020 7993 2044 or alternatively complete the simple enquiry form on the top right hand side of this page.

Payam Azadi is a partner at Niche Advice Ltd who are Independent Financial and Mortgage Advisers in London.

Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

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Filed Under: Bridging Loans, HMO Mortgage Tagged With: bridging finance for HMO, buy to let landlords bridging finance, first time buyer buy to let, HMO bridging finance, hmo mortgage deals, HMO mortgage product, hmo property finance, Houses In Multiple Occupation landlord finance

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AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

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Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

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Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

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