An HMO, or House in Multiple Occupation, is a certain type of Buy to Let property. These are typically single properties or households in which three or more unrelated individuals live together, each with a separate tenancy agreement. It’s a common setup in areas with particularly high property prices like London, and these properties tend to be bought as investments.
HMO mortgages differ from regular mortgages in that they can be more difficult to secure – but we can help. We’re experts in helping buyers successfully obtain HMO mortgages, with access to exclusive lender relationships and great deals.
In order to operate as an HMO, you must first check with the local council as you may require a licence, depending on the size and nature of the property.
You may also be asked to provide the following information:
Lenders will carry out the standard mortgage assessments to determine whether you’re eligible for an HMO mortgage.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Momentum Mortgages is an Appointed Representative of PRIMIS Mortgage Network registered in England Wales, company number 11806827.
PRIMIS Mortgage Network is a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
We will charge a fee of between £99.00 and £999.00. The amount we will charge is dependent on the amount of research and administration that is required.Please refer to the Terms of Business for further information.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
The Financial Conduct Authority does not regulate all Buy to Let mortgages
