I'm looking to fund my first HMO conversion project. Are there specific development finance products that offer higher LTVs for new investors, and what are the typical legal fees involved?
Quick Answer
Development finance for HMO conversions, especially for new investors, usually offers 60-70% LTV of GDV or 75-80% of costs. Legal fees typically range from £2,500 to over £10,000, depending on complexity and lender requirements.
About This Topic
New investors funding HMO development face 60-70% GDV LTVs and legal fees from £2,500+. Bank of England base rate is 4.75%. Prioritise robust planning.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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