Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 3 weeks ago 97
Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans on a case by case basis and not merely by credit score. They therefore have a very professional insight into the market and have produced a report on HMOs.
The report considers the common challenges and emerging trends within the HMO market, and draws on insight, views and opinions from a number of mortgage brokers, conveyancing professionals, valuers and market commentators captured at a round table discussion on this rapidly growing area of property investment and management.
Shawbrook start by saying “While historically HMOs have perhaps been seen as a lower end accommodation, there is now a need for a vastly different type of HMO. There is a large volume of professionals now seeking this form of accommodation for financial and social reasons which has been extremely positive for the market. It is pushing landlords to put more thought and effort into their developments, and is making this type of accommodation a more mainstream form of investment and housing.”
“This report aims to address the evolution of the HMO market. It covers the common profiles of both the tenants and investors within this market, why it is an attractive investment and the common challenges faced by both tenants and landlords.”
To view the report please CLICK HERE
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