Commercial mortgages for investment property - How lenders assess affordability

[@mikekabembula7941]

Thanks for the insightful video, Steve. Qn: Can I get an HMO mortgage as a first-time investor based on the HMO current rental income without any other assets or outside income? Many thanks.

[@PromiseMoney1]

Hi Mike. There are lenders which consider HMO applications from people with no investment experience and are not homeowners. they tend to be specialist lenders rather than mainstream. Avoid going for more than 6 rooms as that will make it more difficult and more expensive

[@mikekabembula7941]

@@PromiseMoney1 Many thanks for your prompt response Steve. I will notify you when I am ready to move.