Specialist

Commercial Finance For HMOs

 

Commercial Finance For HMOs

Clifton private finance

We specialise in sourcing commercial finance for HMOs in the UK

As a specialist broker, we provide high quality commercial finance solutions for our clients.
  • Market leading rates from 0.44% pm
  • Up to 80% Loan To Value (100% with additional security)
  • From £50,000 to £25 Million
  • Terms  from 3 months
  • Interest roll up options
  • Same day agreement in principle
  • We can accept applications from individuals, limited companies, SPV's and offshore structures
  • Finance for residential, commercial including retail outlets, restaurants, cafes, guest houses and B&Bs, offices, warehouses, industrial units, factories, HMOs, nursing and care homes, investment properties, development land and buy to let property (portfolios and limited companies welcome)
We pride ourselves on providing excellent service responsive to your needs.
Call us on 0203 900 4322 to discuss your requirements.
Recent

Property Finance Deals

Business Loan Facility To Fund Working Capital For Company Expansion
Area
London
Capital Raised
£300K
Renegotiated Hunter-style Finance For Experienced Developer
Area
Herefordshire
Capital Raised
£1M
Bridging Loan For Property Developer Awaiting Sale Of Most Recent Development
Area
Hampshire
Capital Raised
£210K

More Opportunities »

Contact Us

Commercial Finance For HMOs

What Is An HMO

An HMO, also known as a house in multiple occupations, is defined as a property that is rented out to at least three people who are not from the same household, but share communal areas such as a kitchen and a bathroom. An example of an HMO is a student houseshare.

The same household is defined as a single person or members of a family who live together including:

Do I Need An HMO Licence?

If you are looking to rent out a property to five or more tenants who are not from the same household, then the property will be classified as a ‘large HMO’ and you will require a licence.  You can apply for an HMO licence from the property’s local council.

Commercial Finance For Non Licensed HMOs

Securing commercial finance for an HMO that does not require a licence is a simpler process than getting finance for an HMO that needs one.  There are some mainstream lenders that offer commercial finance for HMOs; however, traditional lenders tend to have rigid applications that take a long time to process.

If you need commercial finance for your HMO property, then it is advisable to contact a professional broker to find the best deal for your set of circumstances.

Commercial Finance For Licensed HMOs

Typically, commercial finance for licensed HMOs is more expensive and harder to obtain, as not all lenders are prepared to provide finance in this area.

It should be noted that the lenders who are willing to provide commercial finance for HMOs will often require a proven track record of successful HMO projects. Therefore, if you do not have the experience required, you may struggle to get the finance you need.

Although the majority of lenders require experience in HMOs, there are some lenders that are happy to provide commercial finance for licensed HMOs; these lenders often work through intermediaries such as finance brokers.

If you need commercial finance for an HMO, call us on 0203 900 4322 or complete our contact form above.
What Our

Clients Say

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What Is A Bridging Loan ?
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Homeowners choosing to improve, not move
High house prices and the cost of stamp duty are encouraging UK homeowners to invest in home improvements rather than move house. ...
02-11-2018
Converting a care home into residential flats or HMO: find the finance you need
Substantial buildings in desirable locations. Good access, wide corridors, lots of plumbing and bathrooms (often en-suite)…...
31-10-2018
How To Get A Business Bridging Loan
As a business if you are looking to complete any commercial transaction you will need readily available finance. Unless you are wi...
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If you have any questions about our services or want to start making things happen please contact us