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Mortgages for Limited Company, SPV and Limited Liability Partnerships Applications

HMO Mortgages Suitable for Limited Companies

For some experienced property investors it may be more tax efficient to own the HMO property in the name of a limited company, or an Special Purpose Vehicle (SPV). Applications are welcomed from applicants wishing to use their limited companies, or SPVs. Some lenders will accept an existing trading company, others will require an SPV (special purpose vehicle) which is a company solely designed to hold and rent properties. All property types, including semi-commercial can be accommodated for limited company and SPV applications, with maximum loans available up to 80% LTV in most cases for residential rental properties.


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Situational Profile

For applicants wishing to buy, or remortgage property in a limited company name. These fall into two categories a) trading limited companies, and b) special purpose vehicles (SPVs). An SPV is a limited company whose sole purpose is to hold and rent investment property ie. no other trading activities. In more recent years the use of Limited Liability Partnership (LLPs) has become much more popular as structure by which a number of partners can own a property portfolio.

UK Limited Companies
Special Purpose Vehicles (SPV)
Purchase or remortgage


Applicant Profile

Applicants must be homeowners and be existing landlords although there is one lender who does not specify this. Professional landlords with any size of portfolio welcomed. Applicants must be employed, or self employed with a minimum personal annual income in the region of £25,000 per annum, or retired with a good pension income. A clean credit history is required, although minor and historic credit problems can be accepted.

UK citizens with UK passport or UK driving licence as ID
Evidence of deposit funds ( Bank account statement )
Residential address history for 3 Years
Minimum personal income of at least £25,000 per annum
Clean credit history
Existing trading limited companies
Newly formed limited companies and SPVs

Types of Property

Properties with up to 20x letting rooms are acceptable. Properties arranged in up to 20x flats, studios and or bedsits in one freehold or leasehold title, are also acceptable. Properties above some commercial premises may be acceptable.

Single residential Buy To Let accommodation
Houses of multiple occupation (HMO)
Tenants can be students, or working professionals
HMO’s arranged as flats in one title
Single AST and multiple AST tenancy agreements accepted
Property in England, Scotland and Wales
Properties with or without a HMO Licence
Accommodation above commercial premises considered
Cooking facilities in rooms accepted
Shared kitchen and bathroom facilities accepted
HMOs with up to 20 letting units accepted
Mixed unit accommodation of flats, studios, bedsits


General Lending Criteria

Mortgages are available for purchase, or remortgage up to 75% of purchase price, or property value. Where there are no more than 8x letting rooms, or 4x flats in the property* then up to 85% LTV can be achieved.

HMO mortgage products for trading limited companies:

HMO-1, HMO-3 (maximum 75% LTV)
HMO-7 (maximum 70% LTV)
HMO-8 (maximum 75% LTV for HMOs and up to 85% for blocks of flats in 1x freehold)

HMO mortgage products for SPV limited companies:

HMO-4-75 (maximum 75% LTV)
HMO-4-80 (maximum 80% LTV)
HMO-6-85 (maximum 85% LTV)

Mortgage terms up to 30 years
Purchases or Remortgage
Interest only or capital + interest repayment
Proof of applicants income required
Evidence of deposit funds required
Properties with up to any number of letting units


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Blocks of Flats, small Housing Developments, HMOs, BTL Houses & Flats, HMOs & Flats above commercial
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BTL’s, HMO’s with most accommodation types, including studios/bedsits/flats/rooms
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HMO’s with most accommodation mixes, including studios/bedsits/flats/rooms let for all types of tenant
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This lender will allow a wide range of residential, property types: HMO’s (max 8 rooms) including studios/flats/rooms.
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This lender will allow a wide range of residential, property types: HMO’s (max 8 rooms) & student lets (max 8 rooms).
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All licensed HMO properties, plus properties that conform to HMO status (5 or more tenants )
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HMOs including Student Lets, Flats in a single freehold, Retail Units, Factory Units, Industrial Units, Office Units
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HMO’s (max 8 rooms) including studios/flats/rooms. Licensed HMO or non-licensed HMO propertiesa.