Top Menu

HMO Mortgages

What is HMO?

hmo mortgages

A House of Multiple Occupancy (HMO) is defined as a single property that is let to 3 or more tenants who form 2 or more households* and share a bathroom, kitchen and toilet.

*The term ‘household’ is defined as follows:

  • Three friends or individuals living together would be classified as three households
  • A couple (married or living together) would constitute one household
  • Families or relatives living together constitute one household
  • A couple (married or living together) sharing with a friend or individual would be classed as two households

Which type of HMO is yours?

HMO properties that require an HMO licence granted by the local council. Generally speaking this relates to properties that are let to 5 or more tenants and they form 2 or more households over 3 or more storeys and they share a bathroom, kitchen and toilet.

HMOYou will see in the definitions above that the main criteria are the number of tenants and the number of floors in the property. It is important to know that although the above definitions are correct, each Council has the authority to change them. We have come across a council that requires HMO licenses for properties with as few as 3 tenants and only 2 floors.

If you require any further information Contact us know on 01535 340010 or alternatively fill in the enquiry form below and our Adviser will be in touch.


Commercial Finance Enquiry