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Mortgages Suitable for Student Let HMOs

Student Letting Accommodation, Share House or Multi Tenancies


Suitable Mortgages for Student Lets

Student let HMO accommodation is widely accepted by the majority of mortgage lenders. This is the most common use for HMO properties in the UK. Tenancy agreements will be on an Assured Shorthold Tenancy basis and normally all students will sign the same tenancy agreement.

This type of tenancy is classed as a ‘joint and several’ tenancy agreement, because if one student leaves, the other remaining students will still be responsible for the whole rent. Contact us to discuss your HMO mortgage for student letting.


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Situational Profile

For applicants wishing to buy a property for students to rent rooms and share all facilities. The tenancy agreement will normally cover the whole academic year. Available for any size of property and location.

Student tenants
HMO or non-HMO student share house accommodation with shared kitchen and bathroom facilities
Lending in all university city areas


Applicant Profile

Applicants should be homeowners, unless they are high net worth individuals. Applicants must be employed, self employed, or retired and be able to prove their income. No minimum personal income requirement with some lenders. Mortgages available for existing landlords who have no proof of income. A clean credit history is required, although some minor and historic credit problems can be accepted.

UK citizen with a passport or UK driving license for ID
Evidence of deposit funds (bank statement)
Ideally able to provide proof of earned or pension income
Clean credit history
Some minor and historic adverse credit can be considered
Applicants can be employed, self employed or retired
UK Bank account holder
Previous letting experience not always required

Types of Property

Properties with up to 20 letting rooms are acceptable, with or without an HMO licence. Mortgages are available for properties with up to 5 letting rooms at preferential interest rates. Properties above some commercial premises may be acceptable. Properties must only have 1x kitchen unless specified otherwise.

Houses of Multiple Occupation (HMO)
HMOs arranged as flats in one title
Single AST and multiple AST tenancy agreements accepted
Property in England, Scotland and Wales
Properties with or without an HMO Licence
Accommodation above commercial premises considered
En-suite facilities in rooms are accepted
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 not exceeding 20 units within title


General Lending Criteria

Maximum loans to 85% LTV. Students will usually sign 1x joint tenancy agreement, but some lenders will accept either a single, or jointly signed agreement, or multiple individually signed agreements

Purchases or remortgage
Interest only or capital + interest repayment
Evidence of deposit funds required
Evidence of existing UK property
Share house with joint tenancy agreement accepted


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Properties must be in cities and major towns. Interest only is available. Fixed rates available
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Properties with up to 20 letting rooms. Extensive mortgage range, so with no lender fee.
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Many repayment options, including interest only and fixed rates.
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HMO’s (max 8 rooms) including studios/flats/rooms.
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HMO’s (max 8 rooms) & student lets (max 8 rooms).
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This lender will lend on licensed HMO properties with 5 to 9 letting rooms.
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HMO-6-85All 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 with most accommodation types, including studios/bedsits/flats/rooms.
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HMOs & Student Lets with max 5x Rooms for Students or Working Tenants
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Multiple letting for student tenants only. Maximum number of tenants subject to them all being on 1x AST agreement.
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This lender will lend on any standard BTL property and any non-licensed HMO student let properties with up to 4x students.