Bridging Loans for HMO for Property Investors
Tiger Financial specialises in brokering HMO bridging finance loans for both acquisition and refurbishment use – as quickly and cost-efficiently as possible.
As a leading professional HMO bridging finance loans broker, we invest time to fully understand every client’s business strategy and funding requirements. With our in-depth knowledge of the industry, we can assist with the type of urgent bridging loans that borrowers in this market often require.
Whether the HMO is being purchased under value at auction or requires refurbishment before being refinanced with a regular mortgage, our experienced brokers have exclusive access to lenders who will lend in this space. We secure well-structured loans and manage the financing process efficiently for our clients.
Typically, borrowers will want to borrow maximum to 75% LTV. In some situations, 100% of the refurbishment cost can also be borrowed. All loans are non-status, with the LTV based on the property value, rather than the purchase price.
Lenders will want assurances that the client is experienced in this space although some will lend to inexperienced clients. In this case, the lender will require the client to monitored by a Monitoring Surveyor to ensure the build/refurbishment is going to plan. In all cases, clients need to demonstrate that correct planning and building control consents are in place and costs must be controlled to make sure the project remains viable.
- Rates from 0.45%
- 100% of purchase (up to 75% LTV)
- Residential up to 80% LTV
- Commercial up to 75% LTV
- Land with planning up to 75% LTV
- Terms from 1-24 months
- Loans from £50k to £100m+
- Loans based on full market value
- Non status welcome
- 1st, 2nd and 3rd charge loans
- No monthly payments
- No proof of income
- Interest deducted from loan
- No PG or company debenture option
- England, Scotland, Wales & NI
Why Tiger Financial?
Highly responsive, always available; just like you need us to be.
It’s all we do. We know the market better than anyone.
Your success is our success. We will strive to get you the best deal.
We don’t chase rainbows. We will tell you straight and never waste your time.
Excellent customer service and total confidentiality. That’s how we do business.