HMO Mortgage

How long will a HMO Conversion take?

The duration to convert a residential property into an HMO Property depends on what you start with. You may need to change the room layout, ensuring rooms meet the minimum sizes. This can take up significant time.


The property may only need new fire-doors and fire alarm systems and basic tidying up. This can be completed quickly if you have a team ready to go.


Cash Purchase or Short-Term Finance is required to convert the property. You will typically take out bridging finance for six months. Though with a good mortgage adviser and you prepared, you can exit the short term finance earlier.


Whilst you initially pay the six months interest on the short-term mortgage upfront. If you exit the mortgage within 2 months. You can typically expect a refund of the remaining 4 months interest.

Speak to an Adviser

Call
08009202001
Email
hello@bespokefinance.info
Apply Online Call me Back
Home Contact Us About Us Sitemap Privacy Policy Complaints

HMO.Mortgage Copyright © 2019 Bespoke Finance Direct Limited. All Rights Reserved.

HMO.Mortgage is a trading style of Bespoke Finance Direct Limited.

Bespoke Finance Direct Limited is authorised and regulated by the Financial Conduct Authority (No. 715805).

Bespoke Finance Direct Limited is registered in England and Wales (No. 09623432) at 31 Church Lane, Pudsey, LS28 7LD.

HMO.Mortgage, LifeInsurance.Studio and Bespoke Finance are all trading styles of Bespoke Finance Direct Limited.

Apply 08009202001 Track