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The Client’s Situation
The client, Property Point Investments (clients since 2016), acquired a property previously operating as a share house. Their vision was to convert it into a market-leading HMO. They had existing relationships with us, and used short-term funding to acquire, refurbish, and convert before refinancing into long-term HMO finance.
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The Challenge
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They needed short-term bridging finance to purchase and carry out heavy refurbishment/conversion works.
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Timing was critical — the client needed the finance in place quickly to avoid missing the conversion window.
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Many lenders are reluctant to fund properties that require heavy works or conversion before the end state (HMO) is achieved.
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Our Solution
We arranged a bridging loan, structured to cover acquisition costs, refurbishment, and conversion works. This allowed the client to purchase the property, undertake the heavy refurbishment and conversion to HMO, and then transition into long-term HMO mortgage financing.
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The Result
The conversion was successfully completed and the property now operates as a fully converted HMO. The end result is a property that valuers are commenting on as “market-leading” in the HMO sector. The project enables the client to refinance into a long-term income generating investment.
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Client Feedback
“Suffice to say I was very happy with the options and subsequent service provided by Henry, which was excellent. If I do decide to arrange another re-mortgage or finance another project, Henry will most certainly be my first port of call.”
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How We Can Help You
If you’re converting a property to HMO and require bridging or development finance, Advocate Finance can structure solutions that support acquisition, refurbishment, and transition to long-term HMO mortgage finance, even in challenging or time-sensitive cases.
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