Kent Reliance HMO Mortgage
For landlords who are looking to make their properties more profitable, it may be beneficial to explore an HMO (house in multiple occupation) opportunity. If you wish to secure a mortgage for an HMO then Kent Reliance may be able to provide the finance you need. For guidance in relation to a Kent Reliance HMO mortgage, speak to use to make sure you get the mortgage that fully meets your requirements.
Special features of what we offer include:
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Whole of market service - we work with over 60 UK lenders including Nationwide
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Leading rates - Access to leading market mortgage rates
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Exclusive deals - Access to exclusive loan deals not available on high street
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Fast turnaround - speak to us today if you need to move quickly
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We have lenders who will take into account previous defaults and missed payments
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Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
What is an HMO
An HMO is where a property is rented out to three or more people, who share facilities such as a bathroom or kitchen, which are not a part of the same household.
Converting your property to an HMO is straightforward, however if you want to rent your property to five or more people (known as a “large HMO) you will need a licence. In order to get a licence for a large HMO then you will have to submit an application to your local council. Applications for a licence do have some associated costs, however these may vary from council to council.
HMOs are a popular way for landlords to get the most out of their properties, as it gives them the freedom to charge rent by the room and increase their overall returns.
Kent Reliance HMO Mortgage
If you are looking for an HMO mortgage then Kent Reliance may offer an attractive financial solution. The buy to let mortgage provided by Kent Reliance has a fixed term of 2 years with a competitive initial interest rate for 75% loan to value. The reduced interest rate for the first 2 years may allow you to utilise your money on the HMO itself or on another project. See our table above for the latest rates.
Our Services
We work with the majority of UK lenders, and have access to exclusive buy to let mortgage deals for HMOs that are not available on the high street, which means we can make that process of finding an HMO buy to let mortgage that bit easier.
To find more information about buy to let mortgages for HMOs why not call us today on 0117 403 4474, or fill in our online contact form to request a call-back for a free initial consultation with one of our advisers.