Loan type: Heavy refurbishment short term loan and buy-to-let mortgage An investor purchased a three-bedroom house with a non-conforming construction and adjoining land. The investor paid £340,000 to buy the property and land together, intending to convert it into a five-bedroom House of Multiple Occupancy (HMO). CPC Finance helped the investor obtain a heavy refurbishment short […]
Archives for October 2020
Investors see HMOs as a way to extract a higher rental yield from a property and many are looking to buy single residential properties for conversion. However, we see investors making the same mistake, again and again, which means that they are not able to achieve their goals. Investors frequently get confused between HMO licenses […]
Karl Griggs gives a snapshot of the current property investment market, answering questions from landlords. What changes have there been to underwriting due to COVID-19? Increasingly in-depth review of applications Overall, lenders are asking many more questions of landlords, which means that the underwriting process and approvals on applications are taking longer than before. This […]
For investors looking for a property, auctions can be a good place to purchase. However, you need to be prepared, particularly as you will need to pay a 10% deposit on the day. Here are some top tips from our team: Tip 1: Research the property beforehand If you are purchasing a property for investment, […]
The Zoopla UK House Price index powered by Hometrack analyses housing market trends at a city level – across 20 cities, plus regions and nationally. You can read this month’s full report online on the Hometrack website.