During the 20-minute lunchtime discussion — which will be held on Thursday, 13th May at 12:30pm — Morgan Sparrow, lending associate at Blend Network (pictured above) and Kane Andrews, director at Rockstar Property Group, will deliberate how to work effectively with a P2P lender.
Kane is also set to share his experience in the conversion of an Edwardian mid-terraced four-bedroom house into an HMO and how his company worked with Blend Network to secure funding for this deal.
Property developers and brokers interested in attending the event can register here.
- An interview with BRAC Developments MD Adam Clark
- Blend Network secures full FCA direct authorisation
- Blend updates product price matrix
“HMO investing has been a widely popular strategy in the UK property market over the past decade, especially in university towns near major transport hubs such as airports, and now increasingly around logistics hubs such as Amazon warehouses and distribution centres,” said Morgan.
“Most landlords know that rental yields of HMOs can't be achieved with standard BTLs and that HMOs in the right area can make fantastic investments — but getting funding for HMO projects can be tricky and alternative lenders are often the best option for landlords looking to expand their HMO portfolio.
“We at Blend Network have funded a number of HMO projects and recently agreed a £2.6m lending facility to fund a large HMO scheme; we know HMO lending inside and out and can work with borrowers to achieve their goals.”
Kane added: “As a developer, we are focused on multi-let houses across the UK regions, but doing HMOs requires you to partner with the right lender that really understands multi-lets and is able to offer the appropriate finance.”