We specialise in providing HMO finance solutions, including HMO Development Finance.
Development Finance for HMOs usually applies to larger projects, although in the past couple of years there have been a number of new products launched to assist developers with some of the project costs of small refurbishments.
Development Finance for HMOs, particularly for smaller projects will tend to be paid in arrears, meaning that the developer/investor will incur the costs of the development in the first instance, then get repaid by the lender.
Development Finance facilities for larger HMOs will normally be traditional development finance, where a monitoring surveyor is appointed, and payments will be released once the borrower has achieved certain milestones throughout the project.
Our panel of specialist HMO development 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.