An existing buy to let client is seeking finance through a limited company structure to purchase a two-storey detached building which had recently been converted. Planning permission had been obtained to convert the property into a 30 bed HMO. Due to the recent conversion the property was only 25% occupied however there was strong tenant demand in the area and the landlord client was able to provide evidence of this.
Our HMO criteria supports large HMO cases with no limit on the number of lettable rooms, as well as providing access to funding through limited company structures. Following receipt of the physical valuation we’re able to apply our bespoke service and accept the case and fund the loan.