Oxford HMO scheme secures £3m bridge-to-let funding
Original Article Summary
A 21-bedroom house in multiple occupation (HMO) scheme on Iffley Road in Oxford has secured £3.05 million in bridge-to-let financing from specialist lender Aspen. The funding package, structured at 80% loan-to-value on day one, includes an initial advance of £2.05 million to refinance the existing purchase loan and continue construction works. The post Oxford HMO scheme secures £3m bridge-to-let funding appeared first on PropertyWire.
PropMatch Curated Analysis
A 21-bedroom Oxford HMO has secured £3.05m in bridge-to-let financing at 80% LTV, with a bridging rate of 0.78%/month transitioning to a 6.24% BTL facility, illustrating active lender appetite for HMO conversions in university cities.
Investor Relevance
Offers a real-world financing benchmark for HMO investors and developers in university markets — the disclosed LTV, rates, and staged drawdown structure provide actionable reference points for deal structuring, cost modelling, and lender selection.
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