Are you looking for a HMO Mortgage?
Do you have a Bad Credit History?
The Money Hub specialises in HMO lending and we source funding from a wide range of lenders.
Avaliable for both Professional DSS or Student Tenants looking for any size of unlicensed or licensed HMO's. Available for purchases, remortgages & secure loans on interest only or repayment terms with up to 85% LTV.
HMO mortgages, or homes in multiple occupation is a mortgage available when a number of people co habit and share house facilities such as bathrooms and kitchens. Often referred to as a house share. 3 or more people living in the same household that are not related constitute a house share and the types of property that may be eligible for an HMO Mortgage include houses converted into bedsits, shared flats that are self contained, lodging houses, workers accommodation, student share houses and converted hotels or bed and breakfast establishments.
Typically landlord swill look at HMO Mortgages as a way to fund their properties. A license is required to operate an HMO, typically a large HMO defined as 5 or more people living together or where tenants share bathrooms and kitchen facilities.
HMO Mortgages are a relatively specialist area of lending and there are certain regulations that need to be adhered to to qualify and classify as an HMO. Many landlords are aware of these but people entering the market will need advice from experienced professionals to help them navigate the opportunities.
Where to start looking for an HMO mortgage is one key element. Some mainstream enders offer HMO mortgages but this area of specialisation lends itself to experienced lenders that can expedite the application process whilst explaining the legal requirements surrounding Hmo and what will and will not qualify for an HMO Mortgage.
Our experienced team can help with explaining in detail HMO mortgages and can assist with any application that you may want to make to a lender. Get in touch today for expert impartial advice.
Why Clients use the Money Hub
5 Star Reviews
Product Name: Mortgages
Product Description: HMO Mortgages
Gary has been brilliant throughout the whole process. Very knowledgeable, helpful and efficient. The service provided as a whole, has been excellent, 10/10.