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HMO Mortgages

Buying a House in Multiple Occupation (HMO) is seen by many property investors as a fantastic opportunity to generate higher rental income, maximum returns can be generated by adapting a property for multiple tenants via Assured Shorthold Tenancy Agreements.

Anyone considering a HMO mortgage needs to be aware that this is an area that is highly regulated and subject to very specific lending criteria. Investing in property on the basis of HMO requires professional mortgage advice to avoid any of the common pitfalls.

If a property is classed as an HMO a license may be required from the local council on the basis of fire safety, suitability of amenities and proper management. This license will need to be provided to the mortgage lender. Generally speaking you will need a licence where there are 5 or more occupants over 3 or more storeys sharing a kitchen and/or a bathroom.

With access to both buy to let and commercial HMO mortgage lenders, we can provide you with advice on a range of products currently available in the market.

Tax Advantages for HMO Properties

Taxation planning is a key aspect of any investment project. It is often advantageous to conduct HMO property investment by establishing a limited company rather than acting as a private individual, Falbros recommends exploring this situation with a Tax advice specialist.

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Mortgage Calculators

We have a range of calculators to help make things simpler for you, from calculating payments to understanding how much your stamp duty may be. These calculators are for guidance purposes only.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.

Falbros Ltd is authorised and regulated by the Financial Conduct Authority under reference number 745807.

Registered office: 1 Mayfair Place, London, W1J 8AJ. Registered in England Number 8147460.