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A House in Multiple Occupation, also known as HMO, is a property rented to more than one tenant. In this case, the tenants share some of the rooms with each other, such as a bathroom or kitchen. The kitchen, bathroom, lounge and living room. People use the terms "flat share" or "house share" to refer to an HMO.


But what is often called an HMO by many is actually a large HMO. This refers to a rental property that houses five or more tenants. The tenants share a bathroom, toilet and kitchen. You may also need to have a set number of stories. For a Large HMO to be operated, the license must be held by the landlord. The licence will last five years and can also be called Licsenced HMOs.

hmo mortgage lending criteria


A House in Multiple Occupation is a property that's let to more than three tenants. The tenants share some rooms but have their own bedrooms. The kitchen, bathroom, and lounge. Flat share or house share is an HMO.

hmo mortgage lending criteria
hmo mortgage providers

hmo mortgage providers



HMO licenses are subject to different conditions by individual councils. However, you should be aware of these requirements before you apply. HMO licences can only be obtained if required by the local authority. A fine of up to PS20,000 is possible for renting an HMO licensable without a licence.

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Traditional rental properties can be found in almost any location. We have worked with many letting agents all over the country and they have rented properties at almost any location. They've been rented anywhere, in rural or urban areas.

hmo finance handbook

hmo finance handbook


HMOs can be considered higher-risk than standard BTLs. HMO tenants move around more quickly than standard BTL tenants, and there is a greater risk of voids. They can be less committed as tenants to their property as their home. This could mean that they are less responsible for its care and maintenance. Additionally, it can be difficult to identify any issues or damage with a specific tenant.

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Students: They can have their rent guaranteed by their parents, and often have a limit to their study time.