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Mortgages for Houses of Multiple Occupation in Scotland

Multiple Occupation in Scotland

We have HMO mortgages available for any size of HMO property in Scotland. Despite many lenders not lending outside of England & Wales, we welcome applicants for HMO mortgages in Scotland. Our mortgages cover all sizes of HMO property, large or small. We can arrange HMO mortgages at the most attractive terms for HMO and Multi-Let property in Scotland. Our mortgages provide good terms and flexible lending criteria, coupled with interest only options. They can accommodate a wide range of applicant types and various property types. Lending is available up to 75% LTV


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Situational Profile

For applicants wishing to buy or remortgage HMO properties situated in Scotland.

Employed, self-employed, or retired
Retired with good pension income
BTL letting experience required for mortgages over 70% LTV
Some minor adverse credit history can be considered


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 £20,000 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 passport or UK driving licence as ID
Evidence of deposit funds (bank statement)
Residential address history for 3 years
Acceptable explanation for any previous and historic adverse credit
Professional landlords welcome


Types of Property

Properties with any number of letting rooms are acceptable, with or without an HMO licence. Properties arranged as flats, studios and bedsits in one freehold or leasehold title, are also acceptable. Properties above commercial premises are acceptable

Houses of Multiple Occupation (HMO)
Properties with any number of letting rooms considered
Property with or without HMO Licence
Flats, studios and bedsits in one freehold or leasehold title considered
Flats above commercial premises accepted

General Lending Criteria for HMOs in Scotland

Mortgages are available for purchase, or remortgage and up to 75% of purchase price, or property value can be borrowed. Both single AST tenancy agreements and multiple AST tenancy agreements are acceptable. Interest only is available, as well as capital and interest repayment, or a combination of both.

Mortgage terms up to 30 years
Purchases or remortgage
Interest only or capital + interest repayment
Full proof of applicants income required
Evidence of deposit funds required
Existing UK investment property is required for mortgages over 70% LTV


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Blocks of Flats, small Housing Developments, HMOs, BTL Houses & Flats, HMOs & Flats above commercial
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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 lend on licensed HMO properties with 5 to 9 letting rooms.
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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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This lender will allow a wide range of HMO and student share properties