HMO Mortgages

Houses in Multiple Occupation (HMOs) can generate significantly higher rental yields than standard buy-to-lets—but they also come with unique mortgage requirements. Whether you’re an experienced landlord or exploring HMO mortgages for first-time landlords, WIS Mortgages can help you compare HMO mortgages and secure the right deal—with no broker fees.

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Key Benefits

Higher Rental Yields:

HMOs often outperform traditional buy-to-lets in terms of return on investment.

Multiple Tenants, Multiple Incomes:

Rent from several tenants reduces the risk of full rental voids.

Flexible Property Use:

Popular for student lets, young professionals, or shared housing.

Access to Specialist Lenders:

We help you secure the best HMO mortgage rates tailored to your portfolio.

No Broker Fees:

Our service is completely free—we’ll handle everything from lender match to mortgage application.

Eligibility Criteria and Requirements.

Who Can Apply?

You may be eligible for an HMO mortgage if you:

Own or plan to buy a property rented to 3 or more unrelated tenants
Have HMO licensing if required by your local authority
Are an existing landlord or a first-time landlord with a strong income or property experience
Meet lender credit and affordability criteria

What are the Requirements?

You may be eligible if you:

Proof of rental income or rental forecast
HMO license (if required by local council)
Deposit funds (typically 25–40%)
Property details and floorplan
Personal and business bank statements (3–6 months)
Proof of ID and address

Please note: Meeting these criteria does not guarantee mortgage approval. All applications are subject to underwriting and affordability checks by the lender.

Instant Mortgage Quoting

Use the quick and simple quotation system to get a mortgage quote in seconds.

How the Application Process Work?

Applying for a mortgage through our service is straightforward

Book an Appointment

Book an appointment with one of our advisers to discuss your mortgage requirements. Be transparent about your situation so we make the whole journey much smoother for you.

Download MortgagX app

Download MortgagX app, fill in a few key details, select the recommended mortgage product, upload your documents and relax till we get your mortgage sorted.

Completion

Enter your new dream home!

Apply Now

Processing times vary depending on lender efficiency and individual case complexity.

Important Information And Regulatory Disclosure

Risk Warning

Your property may be repossessed if you do not keep up repayments on your mortgage.

FCA Authorisation

This service is provided by WIS Mortgages, which is authorised and regulated by the Financial Conduct Authority.

Fee & Commission Disclosure

We act as a mortgage intermediary and may receive commission from lenders. A fee may be payable for mortgage advice, which will be disclosed clearly in advance.

Adviser Disclosure

This content is for informational purposes and does not constitute personalised financial advice. Mortgage advice will be provided after assessing your individual circumstances.

Frequently Asked Questions

Find answers to some of the most common questions about mortgages, applications, and our services.

An HMO mortgage is a specialist loan for properties rented to multiple unrelated tenants who share communal facilities.

Yes, some lenders will consider first-time landlords, especially if you have a strong income or experience in property management.

Most lenders require a deposit of 25% to 40%, depending on the property and your experience.

We search the whole market to compare HMO mortgages, taking into account rate, term, fees, and lender flexibility for your specific needs.

Yes—but it’s considered a large HMO, which only certain specialist lenders support. Licensing and stricter lending rules may apply.

Possibly. In many areas, converting a single dwelling into an HMO requires planning consent or falls under an Article 4 direction.

Typically yes. Most lenders ask for either a current license or evidence that your application is in progress.

Often, yes. HMOs are viewed as higher risk and may attract slightly higher rates or larger deposits.

Many lenders require prior buy-to-let experience, but a few accept first-time landlords with strong income or guidance from letting agents.

Yes. Many HMO investors use SPVs for tax efficiency, and several lenders offer HMO mortgages specifically for limited companies.

Want to Talk it Through?

020 3011 1986 help@wismortgages.co.uk

We will be delighted to speak with you on the phone through our live chat feature now.

*Call us from Monday to Friday (9am to 6.30pm) and Saturday (9.30am - 3pm) We accept applications over the phone