Houses of Multiple Occupancy

Whether it’s a small or a large HMO, we will work to provide a fuss-free solution that’s just right.

Our HMO products are available to both individuals and corporate borrowers, whether for purchase or a re-mortgage. The maximum loan size is £1.5 million and depending upon the HMO size, we lend up to 75% LTV.

Product fees can be added to the loan over and above the maximum loan limits and we will even manually underwrite those cases that require a little more flexibility.

Product guide

Criteria guide
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Criteria FAQs

Do you lend to expats on HMOs?

Yes, but only on a small HMO, subject to referral, maximum 65% LTV and with bespoke pricing.

Do you lend on purpose-built student accommodation?

No.

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 re-mortgage 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.