Navigating HMO Financing as New Investors

Happy Tuesday! It’s time for your latest episode of Ask Rob & Rob!   

• (0:45) After having his offer accepted on a property, Craig discovered potential asbestos in the Artex. When he raised this, the seller claimed they no longer wanted to sell and planned to move in, but a few weeks later, the property was re-listed for sale. After losing money on searches and other costs, Craig asks Rob & Rob if he can reclaim these expenses and how to avoid this happening again. 

• (4:07) Simon’s eager to kickstart his property journey and is considering jumping straight into an HMO conversion. He’s found that most lenders require experience as a landlord or HMO landlord for financing and wonders how much of a difference that experience makes in terms of mortgage rates and fees. Should he start with a small buy-to-let to gain experience and potentially save money, or go straight for the HMO with more expensive financing options? 

Enjoy the show? 

• Leave us a review on Apple Podcasts - it really helps others find us! 
• Sign up for our free weekly newsletter, Property Pulse 
• Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. 
• Find out more about Property Hub Invest