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HMO mortgages

Houses in Multiple Occupation (HMO) have become an increasingly popular way to grow a landlord’s portfolio. Our flexible approach to underwriting means we can consider some of the most complex circumstances presented to us. Contact the team to discuss your clients requirements.

Affordability calculator

Find out how much your client can borrow with our affordability calculators.

Variable mortgages

The mortgages listed below move on to our Standard Variable Rate (SVR), 5.75% (variable), after the initial rate period. The SVR is increasing to 5.99% (variable) from 1st September 2022.

There may be a limit on how low your interest rate can fall. This is called an ‘interest rate floor’. The interest rate floor applicable to your loan will be specified in your loan documentation.

rate i
from SVR i
Overall cost for
comparison i
Max %
fee i
HMO variable for 2 years See example4.14%1.61%5.8% APRC75%£1,499
£XXX.xx per month
See details

Representative example: A mortgage of £135,000.00 taken out for a period of 18 years on an interest only basis.
Monthly instalments: £465.75 per month for 23 months, followed by £649.36 per month for 192 months.
Total amount payable: £272,568.37.
Total amount of credit: £135,000.00.
The total amount payable includes valuation fee £580, product fee £1,499 and closing fee £100.
The overall cost for comparison is 5.8% representative APRC.
This example relates to the HMO variable for two years product. It is based on our current Standard Variable Rate of 5.75%, with fees not added to the mortgage.

Please ask for a personalised illustration for your own particular requirements.

The SVR is increasing to 5.99% (variable) from 1st September 2022.

This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.