HMO Finance and Mortgages — the HMO Market is a specialist one and it's important you understand the rules and regulations before taking the plunge.
We have whole of the market access allowing us to find our customers the best possible deal.
Firstly we need to understand what is a HMO? HMO stands for house of multiple occupation which is essentially multiple households living under one roof.
Applying for a mortgage of this type is a little more complicated than your traditional buy to let properties. Lenders will require more information in relation to the property and also require the property to be fully licensed with your local council.
At Raise the Bridge, we specialise in HMO Mortgages, so we understand what's needed to successfully apply a mortgage to your HMO Property.
We offer a range of financing options tailored specifically for HMO investments, including acquisition loans and refinancing.
Our team of experienced professionals understands the nuances of the HMO market and can provide valuable insights and advice.
We know that time is of the essence when it comes to seizing investment opportunities. That's why we've streamlined our application process.
Upon approval, funds will be disbursed according to your financing requirements, allowing you to move forward with confidence.
HMO stands for House in Multiple Occupation — a property let to several tenants from more than one household who share facilities such as the kitchen or bathroom.
Lenders need more information about the property and usually require it to be fully licensed with the local council, which most standard buy-to-let lenders aren't set up to assess.
Licensing requirements vary by council and by how many people the property is let to — we can talk through what applies to your property before you apply.
You'll speak to an HMO mortgage adviser, complete a short application, and we submit it to our panel of UK lenders to find the most competitive rate for your property.
HMO mortgages arranged for investment purposes are typically unregulated. Raise Commercial Ltd is not authorised or regulated by the Financial Conduct Authority. We arrange unregulated commercial and investment property finance only.
