HMO Mortgage Pro™

Conversation Starters

• “My broker offered a 5.89% 5-year fixed HMO mortgage at 75% LTV on a £395k valuation. Is this a strong deal for HMOs or could it be improved?”
• “Explain the difference between a bricks-and-mortar valuation and a commercial valuation for HMOs, and when each one applies.”
• “If each room rents at £650 and the mortgage is £1,480 per month, what’s my net monthly profit after bills, voids and maintenance?”
• “If I paid £200 extra each month on my HMO mortgage, how much interest might I save and how many years could I reduce the loan term by?”