Nicola Firth

HMO enters top five BTL searches on Knowledge Bank

For the first time, houses in multiple occupation (HMO) has broken into the top five of Knowledge Bank's criteria activity tracker.

Despite featuring in the top 10 many times since the index began in July 2018, HMO had not been one of the top five searches until last month when it reached fourth position in the buy-to-let category.

Regulated bridging remained top of the bridging category, with adverse credit rising from fifth to second since last month.

In the commercial category, maximum LTV held on to the top spot.

Top five searches performed by brokers on Knowledge Bank during March 2019:

Nicola Firth, CEO at Knowledge Bank (pictured above) said: “As we head into the second quarter of 2019, the landscape for brokers advising clients continues to be more and more complicated.

“Everyone in the housing market is reacting to external financial and competitive forces within a period of unprecedented change with Brexit, and mortgage and loan providers are no exception.”

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