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A single agreement can be used by landlords to manage HMO properties. Or, each tenant can have their own contract.


It can be hard to find the right HMO mortgage for you. Every lender has their own requirements. Our team of experienced property finance advisors will be happy to assist you with finding the best HMO mortgage for your needs.

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A House in Multiple Occupation (HMO), is a property that is let out to more then three tenants. These tenants have private bedrooms, but they share other rooms such as the kitchen, bathroom, and lounge. The lounge, kitchen, and bathroom. If people refer to a HMO by using the terms 'flat share' and 'houseshare' they mean an HMO.

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hmo finance hsbc

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These potential benefits come with higher risks. It's more likely that you will have a higher turnover than traditional buy-to -let tenants. And every additional tenant is another unknown (e.g. They will pay the rent. Are they causing damage? They can cause legal disputes. You will also require a specialist mortgage.

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HMOs can prove more challenging to manage than traditional buy and let models. HMOs are often shared by tenants, so it is possible for tenants to fall out. A mediator may be needed between tenants who aren't on the same page.

hmo finance grant

hmo finance grant





HMOs: What are the benefits? - Less "impactful voids": A gap between tenants at a single occupancy house can be as little as one month. This allows you to make repairs, redecorate, and view the property, without any rent coming in. The rent received from other tenants can be reduced with an HMO. Your costs could be more tax-deductible than a standard BTL.

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HMOs may not generate three times as much rental income as a buy-to-let standard. You should also remember that landlords usually pay utility bills. However, even though the utility bill is approximately PS2k-3k annually, there is still a significant rental profit.