Planning professionals and property investors should look beyond headline HMO refusal rates when assessing development prospects, according to Housing experts warn tighter rules could be quietly driving up illegal and unregulated occupancy across England. A tenant has been awarded nearly £8,000 in a rent repayment order after taking her landlord to tribunal over an unlicensed HMO in Muswell Hill. More than a quarter of HMO landlords expect to spend over £10,000 on property improvements during the next 12 months, according to research from Paragon Bank. The new products from the buy-to-let specialist lender come with a zero-fee or fixed-fee option. The 12-month serviced loan was priced at a rate of 0.88% per month. Paragon Bank has updated its buy-to-let mortgage range, with two-year fixed rates starting from 3.55% and products available at up to 80% LTV across individual and limited company...
SDKA has delivered a 100% LTV bridging loan covering the full £220,000 auction purchase of a Stockport semi-detached, with the borrower now converting the property into an HMO...
A refurbishment loan from Funding 365 is helping a landlord acquire and upgrade three HMO properties in Cumbria and Lancashire following an auction purchase. Foundation has refreshed its buy-to-let mortgage range, reintroducing popular products, launching a new Green HMO option and cutting rates across its holiday let range.
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