Property finance – Houses of multiple occupancy loan

23 September 2019

A portfolio landlord came to Cambridge & Counties Bank for assistance in the funding of a property purchase in Scotland.

  • 70% LTV
  • 30% deposit from customers savings and company dividends
  • Property - 10-bed HMO

The customer, also a director of a retail business, was an experienced landlord based in the Scotland area with 18 properties in their portfolio. The property purchased was a 10-bed HMO near Edinburgh University and was fully let to students of the University. Whilst this deal wasn’t particularly complex, many lenders were unable to help the customer or underwrite the HMO due to their lack of understanding with Scottish property legislation. Cambridge & Counties Bank stepped in and were able to offer the customer the full loan amount within the timeframe required.  

To find out more about our Property Finance, please contact our Relationship Management team.