Case profile
- Product: QML Pro
- Property value: £250,000
- LTV: 40%
- Property type: C4- Adapted for supported living with 6 units in total
Applicant Background
The applicant is an experienced landlord with 2 years’ experience in other HMO properties.
Tenancy and income details
- Supported living tenancy type: Supported living HMO under 18s that need 24-hour care.
- Lease term: 2 years
Outcome Summary
The client was looking to acquire the property through their own trading company, with the intention of putting a lease in place with the local council to provide accommodation for tenants. As part of our due diligence, we carried out a detailed review of the proposed lease to ensure it aligned with both the client’s objectives and our lending criteria.
Following this review, we worked closely with all parties involved to agree several amendments prior to submission, ensuring the lease structure and terms were fully acceptable. This proactive approach helped to avoid potential delays later in the process and provided greater certainty for the client.
The case has since received a formal offer and is now awaiting completion.
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At Quantum Mortgages, we’re committed to helping intermediaries place complex cases with confidence.
If you have a client looking to finance a supported living property, or you’re exploring options for a more specialist case, get in touch with our team today.
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