Tuscan Capital launches HMO products
By Beth FisherTuscan Capital has introduced a new range of products to support investors looking to grow their exposure in the HMO (houses in multiple occupation) market.
Section: Products
The bridging lender has brought out the offering following increased demand from property professionals seeking long-term revenue streams and above-average yields.
“More property professionals are now turning to HMOs as their long-term strategy choice for real estate investment,” said Colin Sanders, Tuscan Capital’s CEO (pictured above).
“Higher-than-average yields can be achieved if landlords are prepared to invest in providing high-quality, self-contained accommodation with an element of shared services and which meet the licensing regulations of the local authority.”
Tuscan Capital’s new HMO product range includes:
- funding available up to £3m
- funding of purchase price up to 75% LTV
- funding of refurbishment costs up to 100%
- funding up to a total of 65% LTGDV
- transparent drawdown process.
“With the average age [of] first-time buyers increasing, and the levels of guaranteed income and deposit required to buy a property on the rise, the demand for affordable rental accommodation in cities and commutable locations has never been greater,” added Colin.
Keywords: Tuscan capital, colin sanders, bridging lender, bridging finance, bridging loans, bridging broker, specialist finance, specialist lendr, hmo, hmo finance, hmo bridging finance, houses in multiple occuptation
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/tuscan-capital-launches-hmo-products