HMO Mortgage

Is Bridging Finance Expensive?

It is. If you do not want to pay the interest on short-term bridging finance to convert the property. Stick to renting the property as a single-let.

The expense is a means to an end. It gets you to the final goal of owning a House of Multiple Occupation (HMO). In business, you would think of this as a sunken investment.

You can lower the cost of Bridging Finance by obtaining a low loan to value loan. Having a large deposit will help you keep down the mortgage costs.

The quicker you can convert the property into an HMO, the quicker you can exit onto an HMO Mortgage. On a six month bridge, completing the conversion in two months. Will get you the remaining month's interest refunded.

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