Important Update On Lender Due Diligence, Plus Reactions To Latest Rate Hike With Ellie Broadhurst
In this episode, we delve into the recent increase in the base rate, marking the 14th consecutive rise. Currently standing at 5.25%, this change has significant implications for HMO property investors like you.To shed light on this matter, we've invited Ellie Broadhurst, our go-to specialist mortgage broker at The HMO Roadmap.Ellie breaks down the base rate increase and explains how it could impact your borrowing costs and investment strategies. But that's not all – we're also addressing an issue hitting close to home. Have you noticed changes in the way lenders approach their due diligence process?I’ll be sharing my own experiences and concerns, and Ellie provides invaluable insights into what's driving these changes and how they affect investors who rely on private finance to fund their deals.Whether you're in the midst of a purchase or gearing up for a refurbishment project, this episode could be helpful in preparing you and aiding you in making an informed decision.Interested in discussing your HMO mortgage and finance needs? 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 - 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.