Borrow Up To
£5,000,000
Terms Up To
20 years
Product Features
Up to 75% Loan to Value available
Repayment and interest only available
Terms that suit you
Do You Need
HMO Finance
Useful Information
HMOs can provide these increased yields because they provide rent by letting individual rooms, providing multiple income streams, and higher yields overall compared with letting to a family. Large HMOs automatically need a licence from the council and need to meet certain standards for fire safety. In some areas, all HMOs require a licence. You should check with your local authority. Government regulation states that an HMO has at least three unrelated tenants living in a home sharing a toilet, bathroom or kitchen facilities. It becomes a ‘large HMO’ if it has more than five tenants and is over more than two floors.
