How To Fund Residential to HMO Conversions Using Bridge Lending With Ellie Broadhurst
In this episode, I'm excited to welcome back our expert broker, Ellie Broadhurst, as we talk about bridge lending. Specifically, we'll be focusing on bridge lending for converting existing residential properties into HMOs. Ellie brings a wealth of knowledge to the table, particularly in the HMO space, with strong relationships with lenders offering these specialised products. Throughout our discussion, Ellie will shed light on the following topics, including: The misconceptions and fears surrounding bridge lending The risks of using buy-to-let mortgages for HMO conversions Benefits of using bridge lending for HMO ConversionsRisks of using shady bridge lendersBenefits of bridging over cash or invested moneyDifferent types of bridge productsThe importance of choosing the right lender and valuerTune in as Ellie opens up a whole new world of opportunities for buying and refurbishing HMOs, providing invaluable insights and guidance every step of the way.If you’re Interested in discussing your HMO mortgage and finance needs, you can contact Ellie Broadhurst here. -Please leave us a quick review on Apple Podcasts or Spotify if you find this episode useful.Got any questions? Ask us in The HMO Community Facebook Group or follow me on Instagram @andygraham.hmo for daily HMO tips and advice! If you want to join my 1-2-1 mentoring program, you can enquire here. New to HMOs? Join The HMO Roadmap for FREE and get instant access to our Flagship "HMO Roadmap" Course (60+ Lessons) and Revolutionary HMO Deal Stacker Tool, for 7 days!The HMO Roadmap is an exclusive community and online learning platform for HMO property investors. As a member, you’ll get access to online training, group coaching, a deal stacker tool, case studies, contract templates and more resources to help you start, scale, and systemise your HMO business.