Thinking of investing in HMO property? We help landlords and HMO developers create HMOs with full financial consideration in mind.
Our services
HMO Finance: Your HMO.
Thinking of investing in HMO property? We help landlords and HMO developers create HMOs with full financial consideration in mind.
168 projects commissionedAward winners 23/24
Prefer to talk?+44 23 8244 3801Start your project
Get a quote for your HMO.
Overview
HMO FINANCE
Overview
HMO Finance For Your HMO Project
Whether you’re converting your first HMO property, or looking to extend your current offering, HMO finance is a key part of the planning process for your project. From finding the right lender for your HMO mortgage to letting agency and management fees, there are financial hurdles you need to take into account when planning your full project from beginning to end.
Overview
Our HMO Finance Process
Proper HMO finance planning will help you to ensure that your rental income will cover all pre-development and management expenses, while also generating a profit. The HMO housing market can be very competitive, meaning having the right finance can often be the difference between a successful HMO and a missed opportunity.
HMO Mortgage
When converting a property into an HMO, there are various options available to cover the costs of the build. HMO mortgages work similarly to buy-to-let mortgages, usually being taken on an interest only basis on a fixed or variable interest rate.
Bridging Loan
Some landlords opt for bridging loans to convert properties into HMOs. A bridging loan essentially acts like a "bridge" between short term and long term finance. It's designed as a short term solution, and is an option for obtaining large funding quickly.
HMO Valuation
There are 2 types of HMO valuations that can be carried out: Brick & Mortar valuations and Commercial valuations. Which one you'll need depends on the planning permission use class, location and the lender. HMO Designers can help you with your HMO valuation.
Overview
Our Mortgage Partners
We’ve partnered with Windsor Hill Mortgages, an award winning, family-run mortgage advice firm that advises anywhere in the UK.
Windsor Hill Mortgages match you to the right mortgage policy to your HMO finance needs. After finding out about your project and circumstances, they’ll undertake in-depth and tailored research of the mortgage market to find you the most suitable HMO mortgage deal from the right lender.
How we work
How HMO Designers work for you
01
HMO Design
Once your HMO property has been surveyed, we can create an accurate proposed sketch scheme compliant with building codes and regulation requirements, taking into account your specific requirements.
02
Planning Approval
Whether it’s for prior approval extensions or Suis Generis change of use, we work closely with you to prepare all the necessary planning documents to submit your applications. We are proud to boast a 98% approval rate.
03
Building Regulations
We can design, manage and coordinate your entire building regulation and technical packages, making sure to work closely with your local council or appointed inspector to ensure building regulation approval.
04
The Build
When construction is underway, we can be as involved as you need us to be. We can work closely with your contractor to oversee the build, or take more of a hands-off approach. You can decide how much you’d like us to be involved.
Latest work
Latest work
Client stories
Hear from our clients
Multiple HMO projects & new builds
Working with Ed and Tim has been really insightful and refreshing. We have been working with them for multiple HMO projects and new build developments. I would highly recommend them to anyone who invests.
Max Rivens · London, UK
How do you work with clients to ensure their vision is reflected in the final HMO design?
Our approach involves close collaboration with clients throughout the design process. We prioritise client input, conduct regular consultations, and incorporate feedback to ensure that the final HMO design aligns with their vision, preferences, and goals.
Why should I hire an architect for my HMO project?
Hiring an architect for your HMO project is essential to ensure optimal use of space, adherence to safety regulations, and compliance with local planning guidelines. Professional architects bring expertise in designing functional, aesthetically pleasing spaces that meet the unique requirements of HMO properties.
Do you assist with obtaining planning permissions for HMO projects?
Yes, our practice assists clients in navigating the planning permission process for HMO projects. We work closely with local authorities to ensure that designs align with National and Local Planning Policy and obtain the necessary approvals.
Can you assist with the interior design of HMO properties?
Yes, our services extend to interior design and furnishing. We collaborate with clients to choose furnishings that align with the overall design concept and functionality, creating attractive and comfortable living spaces.
What is the process for obtaining HMO licensing, and how can your firm assist with it?
Our team is well-versed in the HMO licensing process. We guide clients through the application process, ensuring that the design meets the licensing requirements and providing necessary documentation to facilitate a smooth approval.
Can you provide a cost estimate for my HMO project during the initial consultation?
During the initial consultation, we can provide a rough cost estimate based on the scope of the project and your specific requirements. However, a more detailed estimate will be provided during the design development phase as the project details become clearer.
What yield can I expect from my High-end HMO?
Our finished project typically have a gross yield of around 10%. Our goal is to pull 100% of the cash deployed back out on the first refinance.
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HMO Award Winners - Best co-living space design 2024 Highly commended