Jason Bailey

Expertly compared by Jason Bailey

Products Updated October 13, 2020

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Mortgages For HMO’s

If you require a mortgage or remortgage for a HMO (House of multiple occupancy) then our buy to let mortgage experts can help. They have access to a wide range of market and will search, compare and arrange your HMO buy to let mortgage.

Free Buy to let mortgage advice and brokerage. Our experts can find you the best deals and have access to exclusive rates:

1 providers expertly compared:

Lending Expert

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

LTV
50% - 85%

Initial Rate
1.44% - 5.29%

Standard Rate (SVR)
4.99%

APRC
4.7% - 5.2%

Type
Variable & 3 ,5 & 10 Fixed Rate

Rated 4.8/ 5

All credit types

The buy to let mortgage experts at First Choice Finance can quickly assess your requirements and search the market place to find you the perfect mortgage deal. Click get a quote to make an enquiry today.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 1 votes

Limited market products from the BTL sector

by Henderson

There agents were quick to call me back and were very friendly and helpful. BTL products were limited however.

FAQ

The following text was taking from the gov.uk website as it describes a HMO as the following:

A house in multiple occupation is a property rented out by at least 3 people who are not from 1 ‘household’ (eg a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’.

You must have a licence if you’re renting out a large HMO. Your property is defined as a large HMO if all of the following apply:

- it’s rented to 5 or more people who form more than 1 household
- it’s at least 3 storeys high
- tenants share toilet, bathroom or kitchen facilities

Yes it is a legal requirement that all HMO properties are licensed via your local authority.

Most lenders will lend on HMOs with up to 5 bedrooms. If your HMO is larger than this then your choice of lenders will be reduced or you property will be considered as a commercial building rather than buy to let.

A property is often referred to as being a multi-let property if it is a type of HMO that does not require a license.

Approximately half of all the buy to let mortgage lenders on our brokers panel accept HMO's.

Our HMO mortgage broker will assist you in calculating the costs, and the repayments of your mortgage depending on the most suitable product.

Yes if you are a british expatriate and looking to invest in UK HMO properties then there are a range of suitable lenders who can help.

You'll need about a 30% deposit for most HMO mortgages and lenders. 70% Loan to Value.