Houses in Multiple Occupation (HMO)
The starting place of love, hope and dreams
We’ll take time to understand your circumstances fully so that we can advise on the
best buy to let mortgage deal for you – one that you’ll have a good chance of being accepted for
and with the lowest interest rate and fees possible.
It can be a “House in Multiple Occupation” if you rent out your house to a number of tenants who are not family members.
HMO comparisons provided by Leodis Financial.
Check to see if you qualify right now and call on 01274 028 019.
When checking your eligibility, there will be no influence on your personal or corporate credit rating.
  • Check your eligibility without jeopardising your credit score
  • Taking a holistic approach, we consider all credit profiles.
  • In one quick and easy search, you may compare loans from a variety of Lenders.
  • Compare the benefits and drawbacks of loans to other options including personal loans and peer-to-peer lending.
Contact Us Now.
Why use Leodis Financial?
  • Securing finance doesn’t have to be complicated. At Leodis Financial, we pride ourselves on finding the very best deals to fund your property venture quickly and with as little stress to you as possible.
  • We’ll look at a large number of lenders to help.
  • Assistance in locating the appropriate loans for your requirements.
  • Preferential relationships with banks and specialist SME lenders.
  • Check your eligibility without jeopardizing your credit score.
  • Taking a holistic approach, we consider all credit profiles.
  • Application is quick and easy, and cash is sent the same day.
“A lender will almost certainly want to know what you intend to spend the money on”.
As a fully regulated broker, we have access to a substantial network of commercial property finance providers and can cherry pick the best finance product for you, based on your needs and circumstances.
“We’ve been assisting businesses for several years, and our Invoice Finance, Asset Finance, and Trade Finance solutions are used by over 1000 of clients throughout the UK”.
We work hard to understand your property thoroughly so we can appeal to the right lender, to give you every chance of success when it comes to acquiring the commercial finance you need. If you require assistance, we are here to help you.
Need Our Help? Please call us on 01274 028 019
Our UK-based team is ready to assist you throughout the duration of your loan.
“Since our inception, we’ve preserved our independence as a family business. We feel this allows us to be more flexible when it comes to financing and forming strong relationships with our clients”.
What is a HMO mortgage?
An HMO mortgage is a type of specialized buy-to-let loan created especially for landlords who wish to rent out their properties to tenants who do not belong to the same household.
“Students and young professionals who may not be able to afford a home on their own frequently rent HMOs”.
Due to the possible greater yields on offer, it is common for an experienced landlord to desire to get involved in a house in numerous occupations.
“You might be able to find a buy-to-let agreement from one of the several specialized HMO mortgage lenders out there”.
These are not offered by all buy-to-let mortgage lenders, and those that do occasionally provide HMO mortgages at a different interest rate than buy-to-let loans in general.
An HMO is typically defined as a building with five or more occupants, five to seven rooms that can be rented out, and a building with more than one tenancy agreement.
Only when at least one of the aforementioned requirements is satisfied are homes subject to selective licensure designated as HMOs.
We can give you the direction and help you need to complete the HMO mortgage process because we are an experienced mortgage broker.
No, you must obtain a mortgage for buy-to-let properties. HMO lending is not something that all buy to let lenders will do, and those that do frequently have a specialised line of goods.
Although the required down payment varies from lender to lender, it is always at least 25%.
If a home is rented out by three distinct households yet has shared amenities like a bathroom or kitchen, the home is considered to be a “house in multiple occupation.”

You could find this described as a “home share” on real estate websites. Blocks of apartments and bedsits do not qualify as HMO properties, however a single apartment rented by several persons sharing certain amenities may.

You need to get in touch with your local authority to set up a house as an HMO.
Like with any other mortgage, the lender will request a valuation from a local, independent valuer.
Numerous incomes can frequently lead to a bigger profit margin than if you were getting rent from a single party, such as a family, so many people see becoming a landlord for an HMO property as a great reward.

The drawbacks of these mortgages include their inclination to be more expensive and the requirement to sign up students or other non-professionals as renters, which could result in erratic and seasonally variable revenue.

Student tenants are frequently known to leave the property in a less desirable state, necessitating additional spendable revenue for renovations, yet this is a stereotype that doesn’t apply to everyone.
Given our expertise as mortgage brokers, we can address any inquiries you may have while using the least amount of technical jargon possible. We have experience dealing with a variety of HMO mortgages, so we can give you the direction and help you require throughout the HMO mortgage.
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