The rental income from multiple rooms (compared to renting the property out as a single family) often results in higher aggregate rental income. This is why letting a property as an HMO may be more profitable than to a single family unit.
Unfortunetly tenant turnover may be higher with tenants staying in a HMO for shorter periods. This can result in higher management costs and increased frequency of decoration.
You also want to be confident in demand, that there are tenants looking for property share properties in the area.
You have many options on how you wish to send us your details for your No Obligation Free Quote:
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
HMO.Mortgage & Bespoke Finance are trading styles of Bespoke Finance Direct Limited
Bespoke Finance Direct Limited is authorised and regulated by the Financial Conduct Authority (No. 715805) to transact regulated mortgages.
The FCA does not regulate some investment mortgage contracts.
Bespoke Finance Direct Limited is registered in England and Wales (No. 09623432) at 31 Church Lane, Pudsey, LS28 7LD.
© Copyright 2018. All rights reserved.