HMO mortgages for Houses in Multiple Occupation

Buy-to-let Let Direct specialises in helping landlords find HMO mortgage rates to suit complex, individual requirements. We have access to a comprehensive panel of HMO mortgage lenders who offer HMO finance, giving you the widest selection of HMO specific products to choose from.

HMOs have always been a popular choice with professional landlords looking to increase rental yields due to the potential provided by having multiple paying tenants. At Buy-to-let Direct we deal with HMO mortgage enquiries on a daily basis and have around 25 different lenders on our panel who consider this type of property.

HMO Mortgages

To discuss your HMO mortgage requirements call our professional team of experts on 029 2069 1010 or register to use our free buy-to-let Mortgage Finder

There are a number of factors that always come into consideration when handling HMO finance applications, but we are confident we can find the right HMO mortgage for you. Buy-to-let Direct’s experts place these cases every day so here are our top tips for sourcing HMO mortgages

1
Assured Shorthold Tenancies (ASTs)

Check the number of ASTs you have in place with your HMO tenants. Some HMO mortgage lenders accept multiple ASTs and others will only accept one.

2
Facilities

Most HMO mortgage lenders will only expect to see one kitchen and one living room in an HMO. If the property has more shared facilities, you may need to approach a specialist buy-to-let lender.

3
Tenant type

Your HMO property might have a specific tenant type, so we can check buy-to-let lending criteria for DSS tenants, students and vulnerable tenants to find the right HMO mortgage for you.

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4
No. of rooms and size

HMO mortgage lenders have specific criteria on how many bedrooms they will accept in the property. Buy-to-let Direct works with lenders ranging from a maximum of 4 bedrooms to those with no limit at all. Checking minimum room sizes is also important as new HMO regulations stipulate a minimum of 6.51 square metres for an adult bedroom.

5
HMO licensing

Check your HMO property is correctly licensed. Properties with 5 or more bedrooms, occupied by more than 1 household, who are sharing facilities will (as of October 2018) need to be a licensed with the local authority. HMO mortgage lenders will require the appropriate licence to be in place before releasing funds.

To discuss your HMO mortgage requirements call our professional team of experts on 029 2069 1010 or register to use our free buy-to-let Mortgage Finder

If you have an HMO property and are looking for an HMO mortgage or HMO remortgage, you can feel confident that Buy-to-let Direct has all the expertise and experience to help you find the most suitable HMO mortgage rates to meet your individual needs.

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