What is an HMO?
An HMO (house of multiple occupancies) is a property that is rented out by 3 or more people who do not form a household (i.e. are not a family). Bathroom and kitchen facilities are shared between residents.
A large HMO is one where 5 or more people rent out the property. Large HMOs need to meet certain standards and obligations and require a license from the local council.
For further information or to apply for this licence, visit the gov.uk website.
Do you lend on HMOs?
Yes! We currently lend against standard and large HMOs with 12 bedrooms or less.
For HMO mortgages, we will lend up to 75% of the property value.