Buy-to-let – HMO

HMO landlords can face increased challenges in getting a loan and other financial support, but plenty of help is out there. At Evolve Commercial Finance, we use our specialist access to the market to find lenders who will accept HMOs as lending security.

What is an HMO?

Standing for “house in multiple occupation”, an HMO is a property that has usually been designed for a family, but has been converted to house at least three people from more than one household. In times when the housing market is becoming increasingly competitive and land is at a premium, they have become an innovative way to house multiple occupants in areas of high population.

Many landlords are tempted by this potentially lucrative market, but it does come with complications, especially when it comes to securing a loan using your HMO as an asset.

With our years of experience, we’re here to simplify the process and root out some specialist options for you as an HMO landlord. To get started, fill in our contact form today.

Get in touch

It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service

www.financial-ombudsman.org.uk

Give us a call

01925 939170

Find us

Suite G15, Chadwick House, Birchwood Park,
Warrington, WA3 6AE

Send us an email

[email protected]

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Evolve Commercial Finance Ltd t/a Evolve Commercial Finance is an appointed representative of Connect IFA Ltd 441505 which is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 994265

The FCA does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Your property may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £199 on application and 0.5% of the loan on receipt of a Mortgage Offer.

Evolve Commercial Finance Ltd Registered Address: Suite G15, Chadwick House, Birchwood Park, Warrington, WA3 6AE Registered in England and Wales No: 14583731

We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.