House Of Multiple Occupation (HMO) | Try Financial

Extensive Range of ServicesAcross all lending sectors

Friendly Professionals delivering honest and knowledgeable advice

Whole of Market Accessfinding the right solution for you

Remote Servicingexpert advice without you leaving your home or business premises

Mortgages for an HMO

A House of Multiple Occupation or an HMO is a type of buy to let property where common areas such as kitchens/reception rooms and bathrooms may be shared by the tenants of the property, but each tenant has their own assured shorthold tenancy agreement (AST) and bedroom which will often have its own lock and key. Essentially, it is a buy to let property with more than one household living in it.

Depending on the amount of bedrooms/storeys in the building and local council, it may be necessary to have an HMO license in order to own/let one of these properties. They are heavier regulated than standard buy to let properties and things such as smoke detectors and fire doors may need to be fitted at the cost of the landlord, but HMOs can also bring a lot more rental income than if the property was let out to a single family.

Mortgages for HMOs are harder to obtain than a standard buy to let mortgage and you will often need to have experience letting out properties to be considered for one. Mortgages are available on properties with up to and in excess of 16 bedrooms may be available. Some lenders may go up to 85% loan to value on HMOs subject to satisfactory rental income.

Need help with a mortgage? Get in touch with us using the form below.

Our mortgage services

See What Our Customers Think

  • My partner arranged to meet Aaron Scott without me at first, and made a bit of a mess of trying to explain what they discussed when he came home which... read more

    Megan Hudnell Avatar Megan Hudnell
    December 6, 2023

    Excellent service, found the company to be really professional and listened to my lending needs. No hesitation to recommend

    Jo Kerley Avatar Jo Kerley
    December 5, 2023

    I cannot fault Aaron Scott, so helpful, I would totally recommend using these brokers! Superb

    kelly uren Avatar kelly uren
    December 3, 2023

    Aaron was very helpful and quick at responding. Continuous communication helped us to understand where we were with our mortgage progress. All process was short and successful with Aaron's help.

    Dee Dack Avatar Dee Dack
    December 3, 2023
  • Great bloke helping me and my mum sort something out

    Harvey Young Avatar Harvey Young
    December 1, 2023

    One word, wow! Had the pleasure of dealing with Aaron Scott when seeking out our next mortgage fix. He was very knowledgable and helpful, and very flexible to help us... read more

    Markeese Hudnell Avatar Markeese Hudnell
    December 1, 2023

    I was put on to Aaron at Try Financial through a mutual friend, absolutely brilliant service and provided a seamless experience with my 1st time buying a property. Would highly... read more

    Pete Sears Avatar Pete Sears
    November 30, 2023

    Aaron has been extremely helpful throughout this process, achieving exactly what we wanted and always polite and quick to respond. We will certainly recommend Aaron and continue to use him.

    Tom Cuckow Avatar Tom Cuckow
    November 23, 2023

Get in touch with us today for fully independent, expert mortgage lending and protection advice

©Try Financial