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Case Study: HMO Landlord
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How we can help:
HMO Case
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Name: Nathan
Employment: Self-Employed
Resi/BTL: Buy to Let
Purchase/Remo: Purchase
Amount borrowed: £150k
LTV: 75%
Product: Vida 24
2 year fixed
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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.
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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.
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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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Take a look at our Buy to Let products:
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Take a look at our criteria:
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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
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