9:29 AM, 11th May 2018, About 5 years ago 10
Dear Property 118ters, I would appreciate your advice on a property purchase deal.
The property is currently set up as 5 bedroom family house in greater London and is feasible to convert into 6 bed HMO. The house is not HMO compliant at present and will fire safety installation to make it compliance followed by HMO licence application.
I am getting conflicting advice from mortgage adviser whether Paragon will offer and lend as HMO with no retention on condition to carry out fire safety installation and HMO licence application post completion on a time scale.
I would welcome some opinion on people who have done this kind of deal.
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