Preparing an HMO Development Finance Application
Make the HMO Development Case Lender-Ready
Development lenders need to understand the full project, not just the property being purchased.
A strong HMO development finance application should include:
- The purchase price and current property value
- Planning permission and building-control position
- A detailed schedule of works
- A full breakdown of development costs
- Architect’s plans and professional reports
- Details of the proposed HMO layout and room sizes
- Your development and landlord experience
- Evidence of your deposit and contingency funds
- The expected end value and rental income
- A clear exit strategy, usually sale or refinance onto an HMO mortgage
The figures, plans and timescales must tell one consistent story. We review the development facility and intended HMO mortgage together, helping ensure the exit is realistic before the project begins.
