Mortgages for HMOs (Houses in Multiple Occupation)
Mayfair Commercial Mortgage brokers are recognised for their years of service because of providing the most
affordable buy-to-let mortgages for HMO properties.
Why You Need Mortgages For HMO
Higher Rental Yields
Are you looking for a way to get higher rental yields than those generated from conventional single-let properties? Well, don’t worry because our finance experts at Mayfair Commercial Mortgages can link you with the best HMO mortgage lenders, UK.
Outstanding Capital Growth
Being the UK’s best HMO mortgage providers, our expert brokers provide you with solutions for excellent capital growth through secure HMO mortgages in regions with limited housing and much higher rental demand, while boosting your property’s overall investment returns.
Undisrupted Rental Income
Through HMO mortgages for properties with 3-20 sharers, inclusive of benefit recipients and students, you can get reduced void periods in the flow of your rental income, which is known to be an ongoing issue for standard buy-to-let mortgages.
What We Do
Redefining HMO Financing With The Best Mortgage For Your HMO Property.
- Whether it is for students ot benefit recipients, if your property has 3-20 sharers, we can take care of all your HMO mortgage needs with remortgages available for lower monthly repayments.
- We know how to refinance clients looking for increased gearing, which is why we provide only the most suitable terms for all your loan amount and repayment negotiations.
- Our reliable team of brokers connects you with the best HMO mortgage lenders that allow custom-tailored mortgages as per specific tenant demographics.
If your property is suitable as an HMO at the time of application with all the required licences, we can provide you with a gateway to easy mortgages for HMO.
Features & Benefits
Buy-To-Let Mortgages For HMO Properties
At Mayfair Commercial Mortgages, we offer the facility of specialised buy-to-let mortgages for LTV and higher amounts, subject to the policies and terms for aged clients and limited companies, by helping you navigate the most suitable options for your investment.
Affordable Rates For Remortgages
One of the top features of Mayfair Commercial Mortgages is that we offer the best refinancing options for our clients who need increased gearing, along with the opportunity for lower and much more affordable monthly repayments in case of remortgages.
Secure Funding Without Compromise
Apart from offering commercial funding and mortgages for various multi-million pound new build developments, we are also known for guaranteeing secure funding for all our clients seeking HMO mortgages including landlords looking to purchase an HMO for their rental properties.
How To Get Started
Want to know how you, too, can get an HMO mortgage for your property? Take a look at our process:
- The first step is to contact our team of financial specialists at Mayfair Commercial Mortgages and provide details regarding your goals for the mortgage.
- Then, we’ll go ahead and get all the necessary information from you and identify the kind of lender best suited for your needs.
- When you’ve picked a lender from the choices we gave you, you can just relax while we prepare a deeply-researched proposal for your chosen lender.
- Any underwriting is taken care of next, which includes the mortgage’s terms and conditions. This step is started once your application has been approved by your lender.
- Once you give us the go-ahead sign after reviewing the agreement terms, we take care of everything that follows, like documenting essential paperwork and handling negotiations till the very end.
Contact
What they say
customer reviews
FAQ’s
How much does an HMO licence cost?
The average cost for an HMO license in the UK is almost £600, but it can vary depending on the authority.
Why are more landlords turning to HMOs?
The main reason is that HMO mortgages allow you to let multiple rooms to multiple people, unlike normal buy-to-let mortgages.
What is the return on investment for HMOs?
One cannot pinpoint a particular average for the ROI on HMOs, but it is generally higher than that for traditional rental properties.
What happens if you don’t have an HMO licence?
If you don’t have an HMO license, we cannot get you started on the mortgage process because you could get fined tremendously.
What is the requirement for sharers to get mortgages for HMOs?
If you have a property with almost 3-20 sharers, we can help you secure an HMO mortgage.
