Imagine Finance
HMO Mortgages
Invest in a lucrative multiple-occupancy property
Whether you are an experienced HMO property investor or a buy-to-let investor looking to expand into the market, we can guide you through the whole process.
HMOs can be very profitable for landlords as they usually offer higher yields than properties let to a single tenant, so they are a popular option for property investors.
An HMO mortgage can be more expensive than a regular buy-to-let mortgage, but the potential profits may be worth the extra cost.
Many lenders will only offer an HMO mortgage to experienced landlords.
There may be other conditions that you have to meet. For example, some local councils require you to have an HMO licence in order to let a property to multiple occupants.
Regardless of your circumstances, Imagine Finance can offer free advice to help you understand the world of HMO mortgages.
Frequently Asked Questions
What is an HMO mortgage?
An HMO mortgage lets you buy a property to rent out to multiple tenants from different households. Each tenant has their own bedroom, but they share some facilities, such as the kitchen and bathroom.
If you are planning to let a property to 3 or more people, you will require an HMO mortgage.
An HMO is also sometimes known as a house share and can include any of the following:
- Student housing (privately operated)
- Blocks of converted flats
- Individual shared self-contained flats
- Bedsits, hostels, shared houses and lodgings
- Asylum seeker, migrant and refugee accommodation
- Accommodation for employees
What are the benefits of an HMO Mortgage?
You could get a higher rental income than a regular buy-to-let landlord, with yields of up to three times that of single-tenant properties.
Due to HMO properties being in high demand, there’s also a low risk of your property going unoccupied.
In addition, if one tenant leaves or falls into rent arrears, you won’t miss out on rent from the other occupiers.
How will you support me through the process?
Whether you are a first-time HMO landlord or an existing investor, we can offer free HMO mortgage advice, help you purchase another property, or refinance your portfolio to improve your terms.
We also guarantee to compare the market to find you the best deal for your circumstances, with an impressive range of fixed rate and tracker HMO mortgages available from top UK lenders.
Do you charge any upfront fees?
Have a chat with our experts today and start turning your dreams into reality.
Mr Wells
