The definition of an HMO is where two or more unrelated people live in the same home where facilities are shared.
Bond Finance has acquired a significant level of expertise in arranging finance for these types of properties as the sector has developed from amateur buy-to-let landlords converting their properties to multi-lets informally, to professionals dealing with the increasing burden of national and local formal regulations.
With increasing regulation has come a change in perception that HMO properties no longer offer sub-standard accommodation and can now be shown to offer a respectable form of property investment.
Bond Finance is approached by increasing numbers of HMO professional landlords, who can demonstrate compliance with HMO regulations and experience and require expert guidance to help them select the best mortgage product from the vast range of options now available to them.
Contact the team for more information.
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