{"id":11121,"date":"2026-05-17T01:04:11","date_gmt":"2026-05-17T01:04:11","guid":{"rendered":"https:\/\/second-home.uk\/?p=11121"},"modified":"2026-05-17T01:04:11","modified_gmt":"2026-05-17T01:04:11","slug":"oxford-hmo-scheme-secures-3m-bridge-to-let-funding","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=11121","title":{"rendered":"Oxford HMO scheme secures \u00a33m bridge-to-let funding"},"content":{"rendered":"

A 21-bedroom house in multiple occupation (HMO) scheme on Iffley Road in Oxford has secured \u00a33.05 million in bridge-to-let financing from specialist lender Aspen.<\/p>\n

The funding package, structured at 80% loan-to-value on day one, includes an initial advance of \u00a32.05 million to refinance the existing purchase loan and continue construction works. A further \u00a31 million is available in staged drawdowns to complete the project.<\/p>\n

Development progress<\/h2>\n

The scheme has received planning permission to amalgamate the ground and first floors of the property. Plastering and dry-lining works have been completed, with the development now moving towards stabilising the rent roll ahead of a planned refinance onto a longer-term facility.<\/p>\n

The borrower operates a portfolio of HMO properties in Oxford and has previously completed similar conversions in the local market. Aspen has provided funding for multiple schemes for the client.<\/p>\n<\/p>\n

Finance structure<\/h2>\n

The bridge facility was arranged at a monthly rate of 0.78% over 12 months, transitioning to a serviced buy-to-let period at 6.24% per annum over two years. Laura Randall, senior underwriter at Aspen, managed the transaction under the lender\u2019s one-person-per-case service model.<\/p>\n

The Oxford deal comes as private tenants spend 36% of income on rent<\/a>, highlighting continued demand in the rental sector. However, the broader market faces challenges, with 44% of UK homes listed for sale failing to find buyers<\/a>.<\/p>\n

The transaction reflects ongoing investor interest in HMO conversions in university cities, where demand for multi-occupancy housing remains consistent.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 21-bedroom house in multiple occupation (HMO) scheme on Iffley Road in Oxford has secured \u00a33.05 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 \u00a32.05 million to refinance the existing purchase loan and continue construction works. A further \u00a31 million […]<\/p>\n","protected":false},"author":1,"featured_media":8343,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nOxford HMO scheme secures \u00a33m bridge-to-let funding - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/oxford-hmo-scheme-secures-3m-bridge-to-let-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oxford HMO scheme secures \u00a33m bridge-to-let funding - Second Home\" \/>\n<meta property=\"og:description\" content=\"A 21-bedroom house in multiple occupation (HMO) scheme on Iffley Road in Oxford has secured \u00a33.05 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 \u00a32.05 million to refinance the existing purchase loan and continue construction works. 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