Niche Advice is accustomed to helping experienced Landlords or novices into the profitable domain of Houses with Multiple Occupants (HMOs) buy offering a range of HMO Mortgage and Remortgage Products. We can offer generic advice on licencing, tenancy agreements and legal requirements.
HMO Mortgage and Remortgage Products
- • Licenced or non-licensed HMOs
• House conversions into small non self contained units
• Tenants from Local authorities
• Houses for Student lets with multiple tenancies / Student halls of residence
• Studio flats, Bedsits, Self contained flats under one freehold property
• HMOs over shops or commercial premises
• Trading Limited Company lets / Offshore Company lets / SPV Limited Company lets
• First time landlords
• Portfolios of any size
• Unrelated persons residing in the same property as tenants
• Mortgages on properties that have been historically converted without building regulations
• Short leases
No upfront Broker fees by us. You only pay once the deal completes.
Example Product Rate and Fees – HMO Mortgage and Remortgage Products (Houses Multiple Occupants)
[ezcol_1fifth]Initial Rate: 3.79%[/ezcol_1fifth] [ezcol_1fifth]Subsequent: 5.60%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison 5.5% APRC[/ezcol_3fifth_end]
The total amount you must pay back, including the amount borrowed is £531,283.88
Features:Up to 20 bedrooms acceptable. Available to experienced landlords only, no first time landlords. £350 cashback.
| Type and initial benefit period | Fixed for 5 years |
| Minimum deposit / equity: | 25% |
| Valuation fee | FREE |
| Booking fee | £0 |
| Lender arrangement | £2250 |
| Telegraphic transfer / CHAPS fee | £25 |
| Legal fee | £195 |
| Early repayment charge | 3% of the amount repaid in the fixed period |
For more information on HMO Mortgages visa Niche Advice please also visit our dedicated HMO Mortgage page.
For more information on HMO Mortgage and Remortgage Products please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Important Information
Residential and Buy to Let Mortgages
Rates current as at 26/07/2019. The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
