How It Works – HMO Property

A house in multiple occupation (HMO) is, in simple terms, a property rented out to at least 3 people who are not from one ‘household’ (a single household with members of the same family), but share facilities like the bathroom and kitchen. It’s sometimes called a `house share’. Gov.UK   A HMO is considered small [...]

Rate Hikes at The Ready?

There was no surprise whilst reading, in the latest BoE Agents’ Report, that ‘credit availability for Corporates was generally accommodative’. However, ‘some evidence of increased discrimination in lending decisions in a toughening macroeconomic environment’ had me rubbing my chin, questioningly. Not for the smaller business or individual, but, for the giants of business since 2007, [...]

Lending Criteria Changes For BTL Landlords

The PRA (Prudential Regulation Authority) has introduced changes for lenders, lending for portfolio landlords with four or more BTL properties, which will add to ‘stress testing’. In situ from 1st October 2017, one of the the main considerations to be assessed is the ability to service future interest rate rises. Generally, products could remain accessible [...]