HMO Mortgages
Key Features of HMO Mortgage
Market Insight & Analysis
Navigating market trends to identify lucrative HMO opportunities so you can make informed, advantageous investment decisions.
Bespoke Financial Structuring
Crafting individualised financial frameworks aligned with your investment goals, enhancing the profitability and sustainability of your HMO venture.
Robust Application Support
Delivering end-to-end assistance during the application phase, mitigating complexities and bolstering the likelihood of approval.
Post-Completion Guidance
Offering sustained post-mortgage advice and guidance to facilitate seamless property management and optimised returns.
HMO Mortgages FAQs
An HMO mortgage is used to purchase or refinance a property that you plan to rent out to more than three tenants who aren’t from the same family.
The eligibility criteria for an HMO mortgage can vary depending on the lender. However, at Ramsay & White, we consider factors such as the value of the property, rental income, and the borrower's credit history when assessing your eligibility for an HMO mortgage.
We offer a range of HMO mortgage options to suit your needs, including fixed-rate mortgages, variable-rate mortgages and tracker mortgages. Our expert advisors can help you find the right option for you.
We can consider HMO properties with up to six bedrooms, and licensed HMOs with seven or more bedrooms. We also consider HMOs that are let to professionals, students or a mix of both.
Yes, first-time buyers can be eligible for HMO mortgages, subject to eligibility criteria. At Ramsay & White, we can offer up to 75% LTV for first-time buyers who are looking to purchase an HMO property.
To apply for an HMO mortgage with Ramsay & White, simply get in touch with one of our expert advisors, who will guide you through the process and help you find the right HMO mortgage product for your needs.
Buy-to-let mortgages are typically used for properties that will be inhabited by a family, couple or individual. If you want to buy property that you’ll rent to multiple people from different families, you’ll need to apply for an HMO mortgage.
Although HMOs are used to make a profit, they don’t necessarily require a commercial mortgage. However, commercial finance may be necessary if the property you want to buy doesn’t meet the standard HMO criteria. For example, the property might be a pub or guesthouse that has been converted into an HMO.
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