Tuscan Capital launches HMO products




Tuscan Capital has introduced a new range of products to support investors looking to grow their exposure in the HMO (houses in multiple occupation) market.

The bridging lender has brought out the offering following increased demand from property professionals seeking long-term revenue streams and above-average yields.

“More property professionals are now turning to HMOs as their long-term strategy choice for real estate investment,” said Colin Sanders, Tuscan Capital’s CEO (pictured above).

“Higher-than-average yields can be achieved if landlords are prepared to invest in providing high-quality, self-contained accommodation with an element of shared services and which meet the licensing regulations of the local authority.”

Tuscan Capital’s new HMO product range includes:

  • funding available up to £3m
  • funding of purchase price up to 75% LTV
  • funding of refurbishment costs up to 100%
  • funding up to a total of 65% LTGDV
  • transparent drawdown process.

“With the average age [of] first-time buyers increasing, and the levels of guaranteed income and deposit required to buy a property on the rise, the demand for affordable rental accommodation in cities and commutable locations has never been greater,” added Colin.

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