missel
04-04-2005, 12:36 PM
Have been in touch with few mortgage brokers and find out that many Lenders don't really like HMO.. or if they do, the rates are too high.
Which lender are you using, when doing HMO ?
Does the type of insurance that you get, come with a very high monthly premium ?
Is there another way to get a BTL mortgage ? why most lenders are looking for the 125% to cover the single occupancy monthly rent >?, which of course hardly ever does .?
Is it possible to get a normsl BTL m.ge at less than 5.75% with the 125% calculated on the HMO rental monthly figure, rather than the single uccupancy one ?
Regards
Which lender are you using, when doing HMO ?
Does the type of insurance that you get, come with a very high monthly premium ?
Is there another way to get a BTL mortgage ? why most lenders are looking for the 125% to cover the single occupancy monthly rent >?, which of course hardly ever does .?
Is it possible to get a normsl BTL m.ge at less than 5.75% with the 125% calculated on the HMO rental monthly figure, rather than the single uccupancy one ?
Regards