House of Multiple Occupancy (HMO) Mortgages

HMO mortgages allow the borrower a first charge loan using an investment residential property as security.

HMO Mortgage Specialists

A house of multiple occupancy refers to where at least 3 non-related people occupy a property and is frequently referred to as a ‘house share.’

An HMO Mortgage is essentially a conventional buy to let mortgage that’s taken over a security (the property) that has multiple tenants. It is referred to as a House of Multiple Occupancy and will generally have shared bathing and kitchen facilities for the tenants

How much can I borrow?

Typically an HMO mortgage will be up to 85% loan to value (LTV) of the open market value (OMV) of the property.

The majority of Lenders will consider HMO properties with either Freehold or a long Leasehold favourably, properties with a short Leasehold remaining may be more difficult to secure funding on.

As a long-term product, HMO mortgage rates are highly competitive with a choice of fixed-rate and variable rate terms.

Speak to an HMO Mortgage Specialist

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