£1000 HMO/MUFB cashback

£1000 HMO/MUFB cashback

At Fleet, we have continued to see growing interest from landlords in HMOs and MUFBs as they seek to maximise rental yields. However, in today’s private rental sector, landlords face an array of upfront costs that can significantly impact their ability to invest or reinvest in buy-to-let properties.

Landlords investing in HMOs or MUFBs often incur more costs compared to standard buy-to-let properties. Local authorities may require licensing, planning permissions are frequently more stringent, valuation fees are usually higher than standard property valuations because HMOs are more complex, and overall purchase and set-up costs tend to run higher. The financial outlay required before keys are even in tenants’ hands can often be substantial.

That’s why we’re offering landlord clients £1000 cashback which can be put towards those costs and help ease the financial burden.

In summary…

• The client will receive a £1000 cash payment after completion*
• The cashback payment will be paid into the account from which the client’s monthly Direct Debit payment is paid
• The feature also works alongside our Green cashback feature**, giving landlords the opportunity to earn an additional £1000 cashback if they also improve their EPC to an A-C rating within the initial fixed-rate period

*£1000 cashback payable on valid products after completion. Contact our Sales team for further details.

** The EPC Register must be updated on the Government website for the customer to receive their payment. www.gov.uk/find-energy-certificate