Bespoke Finance
Buy to Let Mortgage Limited Company Buy to Let
HMO Purchase
Bridging Finance

Is Bridging Finance Expensive?

It is. If you do not want to pay the interest on short-term bridging finance to convert the property. Stick to renting the property as a single-let.

The expense is a means to an end. It gets you to the final goal of owning a House of Multiple Occupation (HMO). In business, you would think of this as a sunken investment.

You can lower the cost of Bridging Finance by obtaining a low loan to value loan. Having a large deposit will help you keep down the mortgage costs.

The quicker you can convert the property into an HMO, the quicker you can exit onto an HMO Mortgage. On a six month bridge, completing the conversion in two months. Will get you the remaining month's interest refunded.

Speak to an Adviser

[email protected]
Apply Online Call me Back
Home Contact Us About Us Sitemap Privacy Policy Complaints
Buy to Let Mortgage Limited Company Buy to Let
Buy to Let Remortgage Limited Company Remortgage Buy to Let Product Switch
HMO Purchase HMO Remortgage Limited Company HMO
Bridging Finance Auction Finance

Copyright © 2019 Bespoke Finance Direct Limited. All Rights Reserved.

Bespoke Finance Direct Limited is authorised and regulated by the Financial Conduct Authority (No. 715805).

Bespoke Finance Direct Limited is registered in England and Wales (No. 09623432) at 31 Church Lane, Pudsey, LS28 7LD.

Bespoke Finance, HMO.Mortgage and LifeInsurance.Studio are all trading styles of Bespoke Finance Direct Limited.

Apply 08009202001 Track