HMO Property Mortgages

HMO mortgages are a specialist type of Buy to Let mortgage product available where lenders will accept Houses in Multiple Occupation as acceptable lending security. Charleston have whole of market access including exclusivity with some HMO mortgage providers, and pride ourselves on being able to broker some of the most complex deals presented to us, so talk to our expert brokers who will find you the right HMO product.

  • No upfront fees on HMO mortgage products
  • Licenced & Unlicenced HMO's
  • Typical LTV 75-85%
  • Rates from 3.14%
  • From 2 to 35 year terms
  • Interest only & flexible lending terms
  • 100% LTV with additional security
  • First time landlords welcome

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HMO - Houses of Multiple Occupancy

The simplest definition of a HMO is that the property will be occupied by multiple individuals who are not a single household (i.e not a family or some other special relationship). The property must be all of the occupiers only or main residence, is only used as a residence and at least one of the occupiers must be paying rent.

Licensed and Unlicensed HMO's

The significance of a HMO is that is that it may need to be licensed by the local authority but this is not the case for all HMO properties.  At Charleston we are able to secure mortgages for both licensed and unlicensed HMO properties and are able to provide you with advice on whether you should be looking to license the property.

Houses of Multiple Occupancy examples:

HMO mortgages are available for a wide variety of multiple occupancy property types. Here we have listed some of the more recent HMO's we have secured competitive rates for.

  • Converted blocks of flats
  • Bedsits and shared houses
  • Privately operated halls of residence
  • Shared self-contained flats
  • Cluster Flats
  • Lodgings
  • Hostels
  • Refuges
  • Individual shared self-contained flats/cluster flats
  • Asylum seeker/migrant accommodation
  • Accommodation for workers/employees

With over 20 years experience and master broker status, Charleston are one of the market leading firms able to arrange mortgages for HMO properties with LTV's of up to 85% without additional security, we also have access to HMO products which will lend 100% LTV using another property as additional security.

Speak to one our HMO mortgage specialist today and find out how we can help you with your mortgage application.

Some of our Lending Partners