Excellent video! Exactly what i needed to understand. Nobody else explains this in such a clear and concise manner. Real numbers . Thanks.

Brilliant insight to HMO refinancing! Never knew that.

Fantastic thank you, I have just been given 5 HMOS to sell in Merseyside and needed this to understand the valuations.

Saj Thank You so much for property education in all your excellent vlogs . So inspiring ! What a role- model you are!

Problems comes when a lot of lenders aren’t interested in valuing property using a different method. Comparable is the most reliable in terms of banks trying to get their money back should the worst happen.

Amazing explanation of what I was looking for! Thank you sir.

who's the surveyor? Such a high yield that was given on the valuation.

Fantastic educational information for no cost. Hats off to you.🙏

WOW MR HUSSAIN!! You totally explained that in the clearest manner. I don't like numbers, but you made that easy to understand. I learn so much from your videos. Thank you for sharing your knowledge

Wonderful explanation. Best of all of that I have watched 👍👍👍

Brilliant Saj!

Great video 👍🏼

Thanks once again Saj, you explain things so well! I now understand that I need to get my Certificate of Lawfulness for my HMO, I'll let you know if I get it!

Great video! Thane you Saj!

Great video thanks Saj 👍👍👍

Very useful thanks for this! Can you do a video on finding deals, direct to vendor and building a Funnel for opportunities please. Seem to be fine with calculations and going through the process just not finding enough stock or looking in the right areas.

I am currently about to do a 5 bed HMO. How do I solidify that commercial valuation if not a 7 bed

Very informative. Thank you Saj

Great video very helpful for me

Hi Saj Very detail and comprehensive explanation. It really opened up my eyesight. You have mentioned the net yield is 7.8% in the area your HMO is. How do we figure out the net yield of HMO in any area for the calculation. Also you mentioned multiply the annual rent by 10 for crude calculation, is it also apply in other city? Lastly, if have time, can you talk about lawful development certificate esp for those ready made HMO in Article 4 area?

Hi Saj. I've been speaking with a few mortgage brokers recently and they seem to think that lenders are becoming tighter on commercial valuations at the moment and say to expect the valuation to be in line with a pure bricks and mortar valuation based on local comparables. Have you found that this is the case recently and if not and you're still getting commercial valuations through based on purely rental income?

How do house prices impact the hmo valuations for future purposes? It’s all well and good you can pull out the money for the fixed term of the initial valuation. But what if house prices crash significantly after your mortgage fixed rate ends (say in 5 years)? Is the property still valued on the rental income multiple regardless of brick and mortar house prices? If not, extracting so much equity out may be a huge risk. Conversely, if house prices shoot up ridiculously after your 5 year fixed rate ends, but rents remain the same/similar, this means the hmo valuation will remain at the valuation 5 years ago?

Super informative...

Really great content across all your videos. Yield calculation is always the biggest unknown for me. Will these very by lender?

Great video as always, thanks Saj. As a note on the side, if a property is converted (sui generics as an example), to a point where conversion back to a BTL is difficult and hence increases the chances of a commercial valuation, wouldn't that in the flip side, risk VOA/Council rebanding the HMO by room?

Excellent Video

Great video! How long did it take from buy to refurb to commercial reval? Thanks!!!

Hi saj great content as usual. The example at the end you said you got a 500k valuation wouldn’t you deduct the 20% of bad debt off the end valuation giving you a val of around 400k then take 75%ltv from that figure.

how do you get the money in the first place to invest?

Hi Saj, I'm not quite sure commercial valuations will always work out better for HMOs than bricks and mortar valuation but correct me if I'm wrong. I'm currently in the middle of converting a 3 bed house into a 6 bed HMO and the estimated net rental income p/a will be £32,600. If I was to use the commercial valuation and times this figure by 10 that would give me £326k. But comparables in the area show that the property may be worth £345k after works.

What commercial lender did you used on this property? Do they have criteria of x years trading history and minimum beds? I’m thinking of using a regular BTL mortgage for 2 years and then apply for commercial when I have 2 years of proven history

Great videos! I have a question, would appreciate any help! I am looking at 2/3 bed houses to convert to larger HMOs and one thing I am struggling with is knowing what to look out for in terms of what indicates good potential to convert. I'm finding it rare to see floor plans that have multiple reception rooms for example, is it the sqft i'm meant to be looking at or is it something else? Any help appreciated!

Saj you are the best guy. But some HMO landlords don’t want to look at the valuation x10 and the demand is high they want what they want don’t care about the valuations. What do you do in that case? Thanks

Hello Saj, thanks you for you video's learned lots. Quick question, my mortgage broker tells me I need a bricks and mortar mortgage, Can you recommend where to got for a surveyor and mortgage broker.

Im curious as to how the process of sourcing property for other people works. Sorry if I'm missing something obvious. For example if I find property for someone what's to stop that person simply going direct to seller?

Dear Saj, great video I wanted to ask, when it came to getting the refinancing process underway and the valuation to occur for the purposes of your mortgage to be applied, do you get to speak to the lending Banks chosen surveyor to inform them that you are looking for a commercial valuation and not a Bricks and Mortar one? Or do banks let you chose your own surveyor? Also when the yield of 7.8% was chosen for your are of Birmingham, is that yield percentage representative of the specific typical HMO yield for the area or general BTL yield for the area (as both would be considerably different I suspect) Kind regards, Mo

If you buy a 7 or larger bed HMO what is the likelihood you can get a commercial mortgage and then be able to pay the lower stamp duty land tax as compared to residential ?

Saj are you able to shadow a residential to hmo conversation amd take a fee for your time or percent of the net profit. I have a couple of projects to convert to hmo but need shadowing to ensure i don't get the key parts wrong Thanks J

Hi Saj, If some rooms within the HMO were empty void. would this reflect the valuation. For example if the property has recently been renovated and if only 3 out of 6 rooms were occupied at the time of valuation, would the value be based on the property at its full potential 100% let income or based on what it is achieving at the time the surveyor carry's out valuation. Thanks

Hi Saj, I am just about to go through the process of having my 8 bed HMO with planning permission valued. Do you have a broker or lender that you prefer to work with?

Hi saj, I own a freehold block of flats. 4 units. I paid 255k for it. I have refurbished the flats. Cost 40k. Rent has gone from 1800 to 2400 pcm. I would like to re-finance next year, What would acheive the highest valuation: A commercial valuation based on the new rent OR splitting the titles? (There isnt many videos on youtube on title splits, maybe an idea for you) Thanks in advance

A great non Halal income? Mr Hussain and co. spends while eating a pork pie and downing a pint?

I am currently about to do a 5 bed HMO. How do I solidify that commercial valuation if not a 7 bed

I am currently about to do a 5 bed HMO. How do I solidify that commercial valuation if not a 7 bed

I am currently about to do a 5 bed HMO. How do I solidify that commercial valuation if not a 7 bed