Our client owned a HMO property already and was looking to purchase 2 x HMO’s in a limited company name to add to his portfolio (2 x separate loan applications);
LOAN 1
Security; 7 bed licenced HMO Purchase Price; £425,000 (investment value) Loan; £318,750 (75% LTV) Term; 30yrs Repayment; Interest only
LOAN 2
Security; 10 bed licenced HMO Purchase Price; £545,000 (investment value) Loan; £408,750 (75% LTV) Term; 30yrs Repayment; Interest only