OSB updates HMO proposition
alan cleary

OSB updates HMO proposition




Specialist lending and retail savings group OneSavings Bank (OSB) has announced changes to its HMO proposition.

This includes new valuation fee scales and lending based on investment value as follows:
  • Precise Mortgages — HMO applications up to six bedrooms
  • Kent Reliance for Intermediaries – HMO applications up to eight bedrooms as standard or more by exception
  • InterBay Commercial — any size HMO application with no limit on bedrooms
 
Alan Cleary, group managing director for mortgages at OneSavings Bank (pictured above), said: “Ultimately, for brokers, these changes ensure that their HMO cases will be directed to the specialist teams that are best placed to handle them, regardless of size or complexity.
 
“Intermediaries are absolutely fundamental to the success of the group and pivotal in providing borrowers with successful outcomes. 
 
“Our message to them is ‘watch this space’, as there will be many more exciting developments ahead.”

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