Finance Solutions for Bedsits

Bedsits are sometimes classified as either multi-let or HMO properties. They are properties where the rooms have kitchens but the bathrooms are shared. How is this different to a HMO or a multi-let property?

A typical HMO property has rooms where the kitchen and bathrooms are separate and these are shared facilities. A multi-let property is typcially self contained units or flats where each room has it own bathroom and kitchen and no shared facilities. The bedsit therefore is hybrid of the two and certain lenders will not provide mortgages on them.

Unfortunately for some of our customers they have gone to inexperienced brokers who did not ask the right questions on the properties paid for valuations, only to find their applications declined because the property was a bedsit and not a HMO.

Access multiple mortgage solutions for bedsits

• Gain access to our expert knowledge of the sector
• Mortgages for buying a bedit
• Remortgaging a bedsit
• Interest only options available
• Fixed rate options

We provide  a FREE assessment on all our services. Contact us for more information.