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Birmingham School to 16-Bedroom HMO
Secured large HMO mortgage for converting a former Birmingham school into a 16-bedroom accommodation facility.
Key Metrics
£840,000
Loan Amount
5.2%
Interest Rate
11 weeks
Time to Complete
16
Bedrooms
70%
LTV
Birmingham
Location
£840,000
Loan Amount
5.2%
Interest Rate
11 weeks
Time to Complete
16
Bedrooms
70%
LTV
Birmingham
Location
The Challenge
School conversions have unique layouts and planning considerations. Large HMO licensing for educational buildings requires specialist knowledge.
Our Solution
We found a lender experienced with educational building conversions who understood the advantages of the existing layout and facilities.
Testimonial
"The school's existing layout was perfect for HMO conversion. Large classrooms became excellent bedrooms and the communal areas work brilliantly."
AP
Andrew Phillips
Educational Building Specialist