HMO (House in Multiple Occupation) investment is a complex area of buy to let finance. Many of the available sources of funding do not appear within the mortgage sourcing software used by traditional mortgage consultants and financial advisors which is why it is best to consult a specialist Commercial Finance Broker. Property investors choose to have HMO's in their portfolio as returns are typically much higher than houses or flats occupied by families or young professionals. Funding is readily available from specialist commercial lenders.
Houses in Multiple Occupation are subject to higher running costs due to licensing and additional regulations and their saleability is often limited when compared with other residential properties. Accordingly, most buy to let lenders shy away from offering mortgages on HMO's. Don't let this put you off considering them, these factors are often significantly more than offset by the returns, particularly in terms of increased cashflow. Our experts will help you to assess the risks, the returns and the finance options available so that you can make a balanced investment decision.
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