Just me here with an in the moment update on what lending looks like for investors!

Short term let lending rates

Short term lets are super popular right now. Cashflow is better than a single let and no messing about with ASTs.
CHL have launched a new range with the most competitive rates in the market, at time of writing.

HMO hack that no one talks about

Forget all ensuites, this might be the one thing that gives you a better valuation on a 6 bed HMO.

What my savvy clients are doing is having.6 bed HMOs with a license for 7 occupants - size allowing, you need one of the rooms to be a double essentially.

Why is this a good idea?

• you can still work with cheaper lenders as its still a 6 bed HMO

• you do not need landlord experience, which you would on a large (7bed+) HMO

• more income = more cashflow

• better chance of a commercial/investment valuation if thats something the lender offers

Something to think about for sure!

HMO lending update

As of like, yesterday, Castle Trust will lend to you on an investment valuation, for large or small HMOs, with no experience and no minimum personal income!
LUSH.

As long as theres a managing agent in place, you’re good to go :)

And with that, I’m done. BYE