Select Page

HMO Mortgage for Applicants with Income Less Than £25,000

Low but Provable Income

There are now more lenders than ever who just need to see that an applicant does have some form of provable personal income, apart from the rent to be generated by the HMO property. These lenders do not stipulate any minimum income requirement, so any amount of annual income can be accepted, subject to this being in-step with the applicant’s financial circumstances. These lenders are extremely useful for many employed people where commission, or bonuses are not guaranteed, or they have a a second job, plus self employed people with low net profits and retired people with modest pension incomes.

A wide range of properties can be accommodated, with mortgages available up to 85% of property purchase price (or property value for remortgages). Interest only is readily available and applicants do not need letting experience with some of these lenders.


Not signed in
Not signed in

Situational Profile

For applicants with provable personal income, wishing to buy or remortgage HMO properties.

Employed or self-employed
Retired applicants with income from a pension
Personal income below £25,001
Can provide proof of personal income


Applicant Profile

Applicants must be homeowners. No first-time buyers. Applicants must be employed, self employed, or retired and be able to provide evidence to support their income. A clean credit history is required in most cases

UK residents with a passport or UK driving licence as ID
Evidence of deposit funds ( bank statement )
Residential address history for 3 Years
Acceptable explanation for any adverse credit
No first time buyers

Types of Property

A wide range of properties are acceptable, with or without an HMO licence. Some lenders permit more than one kitchen.

Houses of multiple occupation (HMO)
With or without an HMO Licence
Can consider properties with more than 1 kitchen
Lending in all areas of the United Kingdom

General Lending Criteria

Mortgages are available for purchase, or remortgage and up to 85% of purchase price, or property value. Both single AST tenancy agreements and multiple AST tenancy agreements are acceptable. Interest only is available with the majority of lenders.

Mortgage terms up to 35 Years
Purchases or remortgage
Interest only or capital + interest repayment
 Full proof of applicant’s income required
Evidence of deposit funds required
Applicants must be an existing UK homeowner or landlord


PDF Icon


Blocks of Flats, small Housing Developments, HMOs, BTL Houses & Flats, HMOs & Flats above commercial
PDF Icon


BTL’s, HMO’s with most accommodation types, including Studios/bedsits/flats/rooms.

PDF Icon


HMO’s with most accommodation mixes, including studios/bedsits/flats/rooms let for all types of tenant
PDF Icon


HMO’s (max 8 rooms) including studios/flats/rooms. Licensed HMO or non-licensed HMO properties
PDF Icon


HMO’s (max 8 rooms) & student lets (max 8 rooms). Licensed HMO or non-licensed HMO properties.
PDF Icon


HMO Criteria 5 – England, Scotland & Wales
PDF Icon


All licensed HMO properties, plus properties that conform to HMO status (5 or more tenants)
PDF Icon


HMOs including Student Lets, Flats in a single freehold, Retail Units, Factory Units, Industrial Units, Office Units, Warehousing
PDF Icon


HMO’s with most accommodation types, including studios/bedsits/flats/rooms.
PDF Icon


HMOs & Student Lets with max 5x Rooms for Students or Working Tenants (England, Scotland, Wales & N.Ireland