Do you lend to ex-pats on HMOs?
Yes, but only on a small HMO, subject to referral, maximum 65% LTV & with bespoke pricing.
Do you lend on purpose-built student accommodation?
Do you lend to first-time landlords?
Yes but we require at least one applicant to have a minimum of 12 months of current or previous letting experience for HMO lending.
What is the maximum number of bedrooms you will allow?
10. Please refer to our product guide for simple vs complex product rates.
Will you lend on a remortgage where there is no current HMO licence?
Yes, but with the following conditions:
- Where the property has existing HMO usage, we will condition for a valid licence to be provided prior to completion
- Where the property does not have existing HMO usage, we will condition for an HMO licence application to be made prior to completion
When does MT finance require an HMO licence to be provided on purchase applications?
Where a licence is required, we require an application to be made prior to completion with acknowledgement from the local council, and a valid licence to be provided to MT finance within 6 months of completion.