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HMO Mortgages – no Lender Arrangement Fee – no Early Repayment Charge (ERC) – Low or no Valuation Fees

Homes of Multiple Occupation - Multi-Let - Share House Let

These are mortgages that provide certain incentives for applicants. Most types of HMO properties are covered by these mortgages, but the best combination of low interest rates and low fees are associated with HMOs with up to 5 letting rooms. Properties will normally have shared kitchen and bathroom facilities. Multiple bathrooms are allowed, but some lenders will not lend for properties with more than 1x kitchen. Some of the most attractive mortgages are for properties with up to 5 letting rooms. However, HMO mortgages with incentives are available up to 85% of property purchase price (or property value for remortgages). Interest only is available and applicants do not need letting experience with some of these lenders


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Situational Profile

For applicants looking to minimise the cost of arranging an HMO mortgage, for purchase or remortgage and capital raising. For applicants who may be looking to sell their property and who do not want to pay an early repayment charge. For applicants who do not want fees added to their mortgage.

Products with no lender arrangement fee
Products with no early repayment charge (ERC)
Products with reduced or no valuation fees


Applicant Profile

Applicants should be owner occupiers and be able to demonstrate good personal income. A clean credit history is required.

UK citizen with passport or UK driving licence as ID
Evidence of deposit funds ( Bank statement )
Proof of income; employed, self employed or pension
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

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. Tenants can be students, or working professionals.

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 & Wales and Northern Ireland
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
Properties arranged as flats, studios or bedsits


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BTL’s, HMO’s with most accommodation types, including studios/bedsits/flats/rooms.
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HMO’s (max 8 rooms) including studios/flats/rooms. Licensed HMO or non-licensed HMO properties.
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HMO’s (max 8 rooms) & student lets (max 8 rooms). Licensed HMO or non-licensed HMO properties.
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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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This lender will allow a wide range of HMO and student share properties