Case Study: HMO Landlord

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HMO Case

Name: Nathan

Employment: Self-Employed

Resi/BTL: Buy to Let

Purchase/Remo: Purchase

Amount borrowed: £150k

LTV: 75%

Product: Vida 24 

                 2 year fixed

Nathan wants to purchase his first HMO

Nathan owns two Buy to Let properties, but now would like to invest in his first, 5-bed HMO to be used for student accommodation.

He has some complexities...

Nathan unfortunately received a CCJ 28 months ago for an unpaid parking fine. He’s also never owned an HMO before, so he was worried about being able to get a Buy to Let mortgage for his new HMO property.

He also relies largely on the income from his other two rental properties as his personal income and works part-time as a self-employed handyman.

Nathan’s Student Let journey could begin!

Nathan was able to purchase his new HMO in a university city, ready for him to decorate and add the final touches to get onto the rental market for students.

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Got a question?

V-Hub has the answer!

Get in touch with the V-Hub, where you can speak directly to an Underwriter.

Call: 03300 246 246

email: v-hub@vidahomeloans.co.uk