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HMO Refurbishment Project 

Victorian terraced housing street in London

Case Overview

Our repeat specialist HMO developer clients returned to Montpelier Private Finance, seeking funding to acquire a 3 bed Victorian mid terrace in South East London. Their plan was carry out a loft conversion and a complete internal reconfiguration, so as to achieve a 6 person HMO, all with en-suites.  

 

The challenge faced was that the proposed HMO was not in an area where there’s an existing proven market for such an asset class.  

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Facility provided: Utilising a well established relationship with a specialist can-do approach funder, Montpelier Private Finance was able to present a robust rationale for lending.  Pricing achieved being a 2% lender facility fee, 0.79% per month, 15 month term and no exit fee

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Montpelier Private Finance has full market access meaning that we are able to procure funding for a wide variety of funding requirements including complex cases.  Get in touch if you have a case you wish to discuss.  

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Bridging Finance Funding Solutions

  • Auction finance available 

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  • All assets welcome

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  • 1st, 2nd and 3rd charge loans

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  • Non status/credit impaired welcome

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  • Terms from 1-36 months

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  • Residential bridging up to 85% LTV

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  • Semi-commercial & commercial bridging up to 75% LTV

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  • Land with planning up to 70% LTV

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  • No monthly payments

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  • Interest deducted from the loan, serviced monthly or rolled up

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