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 individual requirements.

 

  • Affordability calculator Want to know if you can afford this mortgage?

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    Mortgage details

    This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Fixed rate mortgages

The mortgages listed below move on to our Standard Variable Rate, currently 5.44% (variable), after the initial rate period.

Product Interest rate i Overall cost for comparison i Max %
LTV i
Product
fee i
Example
HMO 3.89% fixed for five years 3.89% 5.1% APRC 70% 1.00% (£599 min)
  • See example

    Representative example: A mortgage of £190,000 taken out for a period of 19 years on an interest only basis.

    Monthly instalments: £615.92 per month for 59 months, followed by £864.84 per month for 168 months.

    Total amount payable: £374,172.40

    Total amount of credit: £190,000

    The total amount payable includes administration fee £125, valuation fee £580, product fee £1,900, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.1% representative APRC.

    This example relates to the HMO fixed for five years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details

Variable mortgages

The mortgages listed below move on to our Standard Variable Rate, currently 5.44% (variable), after the initial rate period.

Product Interest rate i Overall cost for comparison i Max %
LTV i
Product
fee i
Example
HMO 1.65% discount for three years 3.79% 5.3% APRC 70% 1.00% (£599 min)
  • See example

    Representative example: A mortgage of £135,000 taken out for a period of 19 years on an interest only basis.

    Monthly instalments: £426.38 per month for 35 months, followed by £614.20 per month for 192 months.

    Total amount payable: £269,754.70

    Total amount of credit: £135,000

    The total amount payable includes administration fee £125, valuation fee £580, product fee £1,350, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.3% representative APRC.

    This example relates to the HMO 1.65% discount for three years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details
HMO 1.65% discount for two years 3.79% 5.5% APRC 70% 1.00% (£599 min)
  • See example

    Representative example: A mortgage of £135,000 taken out for a period of 19 years on an interest only basis.

    Monthly instalments: £426.38 per month for 23 months, followed by £614.13 per month for 204 months.

    Total amount payable: £271,994.26

    Total amount of credit: £135,000

    The total amount payable includes administration fee £125, valuation fee £580, product fee £1,350, completion fee £75 and closing fee £100.

    The overall cost for comparison is 5.5% representative APRC.

    This example relates to the HMO 1.65% discount for two years product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

See details

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