HMO mortgages
HMO lending, properly explained.
A house in multiple occupation (HMO) is a property let to several unrelated tenants who share facilities. Fewer lenders operate in this space and their criteria are more specific, so knowing where to look matters.
Who this is for
- You are buying your first HMO
- You already run HMOs and are expanding
- You are converting a property into an HMO
- You are remortgaging an existing HMO
How we help.
Finding lenders that fit
HMO criteria vary a great deal, from the number of lettable rooms to licensing and your experience as a landlord. We look across the market for lenders whose criteria may match.
Explaining the assessment
Rental assessment on an HMO can work differently to a standard buy-to-let. We explain how a lender is likely to look at your property.
Purchases, conversions and refinancing
We advise on buying, refinancing and, where relevant, moving from a standard buy-to-let to HMO lending.
Worth knowing
before you start.
- Licensing requirements depend on the local authority and the property.
- Experience as a landlord is part of many lenders' criteria.
- Deposit requirements are typically higher than standard buy-to-let.
- Not all investment mortgages are regulated by the Financial Conduct Authority.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.
Not all investment mortgages are regulated by the Financial Conduct Authority.
What happens next
Start with a conversation.
Tell us what you are planning. We will explain the options, tell you what we need, and aim to come back to you the same day.
Common questions
Yes. We advise on HMO purchases, conversions and remortgages, and look across the market for lenders whose criteria may fit the property and your experience.
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Let's talk about
your mortgage.
Tell us what you're planning. We'll explain what happens next and aim to come back to you the same day.
Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it.