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HMO Bridging
Cardiff HMO Bridging for Refurbishment
Arranged bridging finance for purchasing and refurbishing a Cardiff HMO before long-term mortgage.
Key metrics
- Loan amount
- £315,000
- Interest rate
- 0.72% monthly
- Time to complete
- 5 days
- Bedrooms
- 6
- LTV
- 75%
- Location
- Cardiff
The Challenge
The property needed significant refurbishment before it could be let or qualify for traditional HMO mortgage. Bridging finance was needed for purchase and works.
Our Solution
We arranged bridging finance covering both purchase price and refurbishment costs, with staged drawdowns for the construction work and exit to HMO mortgage.
Testimonial
“The bridging finance covered both purchase and refurbishment perfectly. The staged drawdowns meant we only paid interest on funds as we used them.”
Free initial review
Speak to an HMO specialist
30+ specialist lenders compared. Open 8am to 8pm, Monday to Saturday.
4.9/5on Google
Call 0203 970 4113