CMB

Our expert advisers will help you find the best deal on your HMO finance.

We specialise in providing HMO finance solutions.

HMO Finance is a specialist finance product which is used to purchase and renovate either buildings which are already HMO’s or alternative to convert standard residential or commercial building into HMO’s.

Our panel of specialist HMO finance lenders provide high quality funding solutions and prompt decisions. Indicative finance terms will normally be provided within 24 hours. An agreement in principle can normally be expected within 48 hours, once the initial application form has been processed.

Our advisers are ex-bankers and property investors.
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Finance crafted to match your needs perfectly.
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Discuss your idea for a project with us and we’ll tell you how to fund it.
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  • Fast indicative terms.
  • Prompt decisions from lenders.
  • Competitive rates of finance.
  • Award winning lenders on our panel.
  • Highly experienced team.
  • We put the right deal to the right lender.

Free consultation!

+44(0)8433 308581

info@commercial-mortgages-broker.co.uk

Frequently asked questions

Got a question? We have the answer.

When should I consider HMO finance?

We regularly facilitate HMO finance facilities for the following circumstances:

    • Purchasing an existing HMO.
    • Purchasing a residential property to turn into a HMO.
    • Purchasing a commercial property to convert into a HMO.

What types of HMO finance is available?

There are 3 different types of finance used for HMO’s, there are outlined below:

  • HMO Purchase finance – this can either be as a stand-alone bridging loan, or alternatively can be part of a development finance facility.
  • HMO Development finance – HMO Development finance will normally either purchase the building and then provide funding for the build process, or alternative refinance another finance facility.
  • HMO Exit finance – HMO Exit finance is an exit facility to refinance an asset once the works have been carried out.

How long does it take to arrange HMO finance?

We work closely with our HMO funding partners to provide a prompt and efficient turnaround. Where we add value is by pushing transactions forwards across the line, we work closely with solicitors, valuers, lenders and other intermediaries to ensure that the transactions complete promptly.

How much can I borrow with HMO finance?

HMO Finance starts from around £100k up to around £2m

How does an HMO loan work?

There are 3 distinct areas of funding for HMO finance, bridging finance to purchase, development finance facilities to build and HMO exit finance to refinance once the work has been carried out. Each of these facilities will have different terms and different types of lenders that provide them. Please get in touch with our team to discuss your HMO funding requirements in more detail and we can quickly answer any questions which you may have.

What costs are associated with HMO finance?

HMO Finance Costs will vary depending on the loan to gross development value (LTGDV) that you require, typically the higher the loan amount against the gross development value the higher the cost of funding. Rates typically start at around 3-4% per annum.

Additional costs that investors and developers need to consider include:

  • Acceptance fees.
  • Broker fees.
  • Monitoring surveyor fees.
  • Exit fees.
  • Valuation fees.
  • Legal fees.

CMB

Leverage potential through property.
  • Highly experienced bank trained team.
  • £1bn+ of assets funded to date.
  • Large panel of lenders.
  • Property experts.

+44(0)8433 308581

info@commercial-mortgage-brokers.co.uk