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HMO Dev Finance
London Office to HMO Development
Secured development finance for converting a London office building into a 12-bedroom HMO.
Key metrics
- Loan amount
- £980,000
- Interest rate
- 6.2%
- Time to complete
- 4 weeks
- Bedrooms
- 12
- LTV
- 70%
- Location
- London
The Challenge
The project required planning permission for change of use and significant structural work. Development finance was needed for both purchase and construction phases.
Our Solution
We arranged specialist development finance with staged funding releases. The lender provided pre-approved exit finance to long-term HMO mortgage upon completion.
Testimonial
“The development finance package made this complex project viable. Having the exit strategy pre-approved gave us confidence throughout the build.”
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