Jack's answers your Criteria Queries

In the HMO market, the type of tenant occupying a property has a significant impact on performance. It influences rental yields, void periods, affordability calculations, and ultimately, a landlord’s profitability. For brokers is not just useful – it’s essential for placing cases efficiently with the right lender and avoiding delays or declines.

As the demand for HMO mortgages increases – particularly the non-standard ones we accept – a couple of themes are emerging of complicated areas. David Walsh, Underwriting Manager shares these tips which might hopefully help to reduce miscommunication – and ultimately speed up underwriting!

We sometimes get intermediaries asking for an ‘Investment valuation’ not realising that the surveyor will choose to work off comparables or off an investment figure depending where the property is located in the country.