OneSavings Bank overhauls HMO range - Mortgage Strategy

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Buy-to-let landlords with houses in multiple occupation will see service changes from OneSavings Bank.

The specialist lender is altering its HMO submission process for its various specialist arms, which it states is aimed at improving the service it provides brokers.

Precise Mortgages will now accept HMO applications for up to 6 bedrooms.

At Kent Reliance for Intermediaries this rises to 8 bedrooms as standard, or more by exception.

InterBay Commercial will be able to receive applications for any size HMO, with no limit on bedrooms.

Group managing director of mortgages at OneSavings Bank Alan Cleary says: “For brokers, these changes ensure their HMO cases will be directed to the specialist teams that are best placed to handle them, regardless of size or complexity.”

Cleary adds: “Intermediaries are absolutely fundamental to the success of the group and pivotal in providing borrowers with successful outcomes. Our message to them is ‘watch this space’ as there will be many more exciting developments ahead.”


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