Property use
Explain how the property is occupied, how many people or households are involved and how it is managed.
HMO mortgages
A house in multiple occupation can bring property, licensing, management and mortgage questions together. Understand the information to check before you apply.
What makes the conversation different?
Local requirements
Licensing and property requirements can depend on the location and arrangement. Check the applicable local position.
Rental income
Rental income and the lender’s assessment approach may be relevant to affordability.
Costs and work
Allow for valuation, legal, management, maintenance and any property works when planning the investment.
Questions to ask
- Does the proposed use fit the lender’s criteria?
- What property and licensing documents are needed?
- How will rental income be assessed?
- What costs apply if the property needs work?
- Which local, legal or tax questions need separate advice?
Talk to a mortgage advisor
Share your details if you would like an advisor to discuss this guide and your circumstances.