{"id":19984,"date":"2023-08-07T19:16:28","date_gmt":"2023-08-07T11:16:28","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/bridging-finance-utilised-to-convert-standard-btl-into-a-hmo"},"modified":"2023-09-13T11:32:05","modified_gmt":"2023-09-13T03:32:05","slug":"bridging-finance-utilised-to-convert-standard-btl-into-a-hmo","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ae\/uncategorized\/bridging-finance-utilised-to-convert-standard-btl-into-a-hmo","title":{"rendered":"Bridging Finance Utilised to Convert Standard BTL into an HMO"},"content":{"rendered":"<p style=\"font-size: 13px; font-weight: bold;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\">The case in brief<\/span><\/p>\n<ul>\n<li>Client: Couple \u2013 British National living in the UK<\/li>\n<li>Property type: Buy to Let refinance to HMO &amp; Bridging Loan<\/li>\n<li>Property value: \u00a3500,000.00<\/li>\n<li>Loan Amount: \u00a3250,000.00 to re-finance whilst raising \u00a360,000 to accomplish necessary changes.<\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; color: #134f5c; font-size: 10pt;\"><strong>Our client<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">Articus Finance recently assisted a British couple residing in the UK, seeking to optimise their property investment. The clients currently own a <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/buy-to-let-mortgages\"><u>Buy-to-Let (BTL) property<\/u><\/a><\/span> with a market value of \u00a3500,000. They are ambitious property investors with a goal to increase their rental income and property value by converting their existing BTL property into <a href=\"https:\/\/backup.articusfinance.com\/hmo-mortgages\"><span style=\"color: #45818e;\"><u>a House in Multiple Occupation (HMO)<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\"><a href=\"https:\/\/backup.articusfinance.com\/guides\/short-term-finance\"><span style=\"color: #45818e;\"><u>Download our bridging finance<\/u><\/span><\/a> guide for more information on the advantages of using short-term debt and how we can assist you.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">The clients recognised the potential of converting their property into an HMO, as this would allow them to accommodate multiple tenants within the same property, significantly raising their rental income. Moreover, the HMO conversion would enhance the property&#8217;s overall value, offering long-term gains on their investment.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">Discover the best HMO mortgage rates with Articus Finance. <a href=\"https:\/\/backup.articusfinance.com\/hmo-mortgages\"><span style=\"color: #45818e;\"><u>Visit our HMO page for more information. <\/u><\/span><\/a><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">However, they faced a challenge as they required financial support to carry out the necessary improvements and refurbishments to meet the HMO regulations and standards. Understanding the value of time in the competitive property market, the clients also desired quick access to funds.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: verdana, geneva, sans-serif; color: #134f5c; font-size: 10pt;\"><strong>Our solution<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">To achieve the couple\u2019s vision, Articus helped them to secure a bridging loan for the HMO conversion and once works are completed, re-mortgage to a \u2018standard\u2019 lender to secure lower monthly payments and benefit from higher rental yield and property value.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">If you\u2019d like to know more about <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/bridging-loans\"><u>using bridging loans for mortgage purposes, visit our Bridging Finance page<\/u><\/a><\/span>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">By combining the bridging finance &amp; re-mortgage, Articus Finance enabled them to initiate the HMO conversion swiftly and efficiently, allowing for rental income to increase within 12 weeks.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">The clients were delighted with Articus&#8217; seamless process and competitive terms.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">Articus Finance takes pride in supporting clients like this English couple with their unique mortgage needs and investment goals.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 11pt;\">If you are looking for expert advice and assistance in optimising your property investments, <a href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>please contact Articus Finance<\/u><\/span><\/a>, and our team of <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/our-team\"><u>experienced mortgage professionals<\/u><\/a><\/span> will be delighted to help you achieve your goals.<\/span><\/p>\n<p><a style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\" href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>GET IN <span style=\"color: #45818e;\">TOUCH<\/span> TODAY<\/u><\/span><\/a><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: Couple \u2013 British National living in the UK Property type: Buy to Let refinance to HMO &amp; Bridging Loan Property value: \u00a3500,000.00 Loan Amount: \u00a3250,000.00 to re-finance whilst raising \u00a360,000 to accomplish necessary changes. Our client Articus Finance recently assisted a British couple residing in the UK, seeking to optimise [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[42],"tags":[],"class_list":["post-19984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"jetpack_featured_media_url":"https:\/\/backup.articusfinance.com\/wp-content\/uploads\/2023\/08\/Case-Study-HeadPicture-1280.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/comments?post=19984"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19984\/revisions"}],"predecessor-version":[{"id":20613,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19984\/revisions\/20613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media\/19137"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media?parent=19984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/categories?post=19984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/tags?post=19984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}