Jason Bailey

Expertly compared by Jason Bailey

Products Updated June 27, 2019

HMO Mortgages With Bad Credit

If you wish to take out a mortgage or second charge loan on a HMO and you have bad credit this product is suitable for you. If you dont meet the mainstream lenders criteria then our experts can help. Buy to let HMO mortgages and loans are available for the unemployed, applicants without proof of income and those who are on benefits.

Our Award Winning Buy to Let Experts can compare loan deals from over 16 approved Lenders. All credit types accepted:

Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on a loan or any other debt secured on it.

1 providers expertly compared:

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All credit types
Rated 4.8/ 5

Smart Money Why?

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


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

Loan Amount
£10,000 - £1,000,000

Representative APRC

Loan Term
3 - 30 years

Loan Type
Buy to Let

Homeowners & Tenants

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner and buy to let loans. They are independent and have access to the major lenders in the market. All quotes are free and without any obligation.

Read our customer and visitor reviews for this product:
Rating: 4.6 / 5 with 30 votes
Found the right mortgage I was looking for
by Mrs Dale

Had a very positive experience using the mortgage pages. Thankyou.

Secured loan quote
by Sarah Hinde

Received a secured loan quote and found the website very simple and easy to use. Would be happy to use again.

This specialist buy to let product is an option for HMO landlords who dont fit the regular criteria of mainstream lenders. This HMO mortgage offers flexibily and if you are unemployed, are unable to show proof of income or have a blemished credit record then this funding solution may be right for you. Available on both a first and second charge loan basis.

>> Get a Quote on This Product Today From Smart Money

What are the features of this HMO mortgage?

Buy to let HMO product 1st charge mortgage without proof of income

Adverse credit HMO applicants accepted

Adverse credit HMO applicants accepted

If you need to mortgage or remortgage an HMO and you do not have adequate proof of rental income or earnings then this product is for you. No proof of income is required, and the tenancy agreement (AST) can be used to evidence rental with no further proof of income required.

What type of HMO is this suitable for?

This mortgage product is suitable for any property type including semi commercial properties, ex local authority, flats above shops, maisonettes including High Rise, & Non Standard Construction.

I have multiple HMO can I still get this mortgage?

Yes, this product is also suitable for portfolio landlords who own more than 1 HMO anywhere within England, Wales and Scotland.

Is there a minimum property ownership period for this product?

No, while some lenders will require you to have owned the property for at least 6 months, this is not the case with this lender. There is no minimum ownership time required.

Are low credit scoring credit applicants accepted?

Yes, bad credit applicants are considered including CCJ’s (county court judgements), IVA’s missed payments, account defaults, discharged bankrupts, and applicants with a low credit score. No credit scoring is required for this application.

What are the product details?

  • Loans from £10,000 – £1,000,000
  • Up to 75% Loan-to-value.
  • Adverse credit accepted
  • First and second charges available
  • Ex-pats landlords accepted
  • Any legal purpose including tax bills and purchase other properties and deposits
  • Equitable charges available
  • Capital and interest only available
  • Up to age 80 at application
  • No credit scoring or credit check required


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