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First Time HMO Mortgages

First-time landlord HMO

Homeowners With No Landlord Letting Experience

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The Buy to Let Broker BTL Mortgages

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If you aren’t a current landlord and haven’t had any previous landlord experience historically, the HMO mortgage market can be tough to break into, you may have already found that many HMO lenders require you to have a certain period of ‘landlord experience’ to qualify to borrow, this can be anything from 6 months to 3 years.

But not having the experience isn’t a complete barrier, we can still source finance for those starting out as a landlord buying HMO property.  It’s also very important to note that we do successfully ‘break the rules’, by gaining exceptions from specialist lenders for strong cases where the minimum threshold isn’t reached, but lenders are happy to lend.

This Week’s Best First Time HMO Mortgage Deals

TypePay RateUntilArrangement
LTV %Final RateMaximum bedrooms?
Fixed3.19%2 years1.5% of loan656.83%8, more by exception
Discount3.49%2 years1.5% of loan656.83%8, more by exception
Fixed3.79%5 years2%756.83%8, more by exception

Our HMO Mortgages

  • We can genuinely ‘break the rules’ for strong cases.
  • Larger Suis-generis HMO’s
  • Student, Professional, Corporate lets and more
  • Upto 80% LTV for first time landlords
  • Individual or shared tenancies
  • Guaranteed rental schemes allowable
  • For landlord longevity
  • Mitigate harsh tax changes with higher yielding property
  • Combat void risk by letting per room
  • *Property Tax Advice Essential

Why Talk To Us?

  • Mortgages with the human touch.
  • We regularly utilise every HMO lender.
  • Unmatched experience of the HMO market.
  • Unrivalled and unlimited access to HMO lenders.
  • True total cost advice, taking into account all payments and all fees.
  • Intricate knowledge of ‘HMO’ and ‘portfolio landlord’ criteria.
  • Exclusive plus semi-exclusive deals.
  • Experience – we are very well connected within the market.
  • Access to key decision makers – dedicated underwriters & credit managers.
  • We don’t credit check you until you are ready to apply following quotes.
  • We can assist with high quality tax advice and conveyancing expertise.
  • We give you as much time as you need to consider quotes – no pressure.
  • We’ll collaborate with you and give you the confidence to transact.

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First Time Landlord HMO – the detail

Many more properties have fallen under the remit of a licenced HMO, this is down to the HMO definitions being more broadly defined than ever before – and therefore there is much more rental stock out there under the ‘HMO’ banner.

The HMO mortgage market generally sits away from the usual vanilla buy to let space (there are one or two notable exceptions to this) but more often than not, a specialist lending for Licenced HMO’s is needed.

Of course, if you’re looking at purchasing an existing HMO, knowing how and where to get the best possible mortgage products with a lender that allows a licenced HMO to your requirements is an absolute must, even more so where you aren’t an existing landlord…

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Your first HMO mortgage deserves to be the best possible HMO mortgage and that is where we can help. Give us a call on 08009499410 or fill in your info below and one of the team will give you a call back.

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We’d strongly recommend that you take professional property tax advice prior to entering into any buy to let ventures.