If you are looking to become a landlord where your property is rented out to more than three tenants who are not from one household already, you are likely to need a specialist mortgage.

At Smiths Financial, we have access to lenders who could help you with a mortgage for your HMO venture, irrespective of how much experience you have.

And if you already have a property on an ordinary buy-to-let, it’s definitely beneficial to get in touch to see if we can help you transfer to a dedicated HMO mortgage.

Limited Company Buy-to-let Mortgages

We also advise on Limited Company buy-to-let mortgages, you can click on the dedicated page here.

Because HMOs are typically rented by students and young professionals who cannot afford to go it alone, they can be seen as high risk. However, they are attractive as an investment as the combined rent of all the rooms is usually greater than renting to a single family or household.

You will also need at least a 20% deposit for an HMO mortgage and the mortgage will need to be comfortably affordable, with very good margins.

The Financial Conduct Authority does not regulate some forms of Buy to Lets

Ready to talk through your needs?