HMO Mortgages

If you are looking to let a multi-room property out to multiple occupants who are not related – such as shared student accommodation – then you need to be aware of HMO legislation. Unfortunately for buy-to-let landlords, different local authorities have differing criteria on what is and is not an HMO – and which need to be formally licensed. Perhaps even more frustratingly, mortgage lenders can also vary in their definition of an HMO, and what types of properties they will lend against. For that reason, it can often be advantageous to work with an HMO mortgage broker when looking for Houses of Multiple Occupancy (HMO) mortgages.