A house in multiple occupation (HMO) is a property rented out by at least three people who are not from the same household but share the same kitchen, toilet and bathroom facilities. This type of housing is typical for a student house share for example.
Most high-street Buy-to-Let lenders will not touch HMO properties. However, there are a growing number of specialist lenders in the marketplace who are offering some very competitive deals. At first glance, it can be hard to understand what mortgage option is right for your situation, which lender will be the best choice to partner with, and what exactly that lender is looking for when considering an application.
Newhouse Financial Services regularly arrange HMO mortgages for new and existing clients - if you want to be one of them get in touch and one of our specialist mortgage advisors will be happy to answer any questions you may have as well as show you what options are available to you.
There is no guarantee that it will be possible to arrange continuous letting of the property,
nor that rental income will be sufficient to meet the cost of the mortgage.

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.