You are here: cherry > Press releases for July 2015 > Shawbrook release Houses of Multiple Occupancy (HMO) valuation guidelines

07 July 2015

Providing clarity to the broker community is just one of our areas of focus for 2015, and we have worked extensively with our valuer partners to come up with some more concrete valuation guidelines for the complex world HMO security.

New Shawbrook HMO valuation buckets:

HMO1: Small HMO, no article 4 or planning exists, fabric of building remains largely unchanged - lending is against value as a private dwelling
HMO2: No Article 4 or planning exists but there is a demand for this property as a HMO, the fabric of the building has changed - lending is against Market Value
HMO3: Article 4 is in place - lending is against Market Value
HMO4: Sui Generis planning is in place - lending is against Market Value

Along with our experienced Sales Desk, the Shawbrook specialist teams are on hand to help you with any HMO enquiry so please feel free to make use of their experience and contact them with any questions.