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Multi-Unit Freehold HMO Conversion
Arranged financing for converting a large property into a multi-unit freehold HMO in Manchester.
Key Metrics
£840,000
Loan Amount
5.3%
Interest Rate
12 weeks
Time to Complete
16
Bedrooms
70%
LTV
Manchester
Location
£840,000
Loan Amount
5.3%
Interest Rate
12 weeks
Time to Complete
16
Bedrooms
70%
LTV
Manchester
Location
The Challenge
The property required planning permission for conversion into multiple self-contained units. The scale and complexity of the project required specialist financing.
Our Solution
We secured a multi-unit freehold mortgage that covered both purchase and conversion costs. The lender provided staged funding and worked with us through the planning process.
Testimonial
"The complexity of this project required a lender who understood multi-unit developments. The team's expertise in this niche area was invaluable."
DM
Daniel Martinez
Property Developer