HMO Mortgage Criteria

Criteria for HMO mortgages can vary from lender to lender, whether it’s the number of rooms, experience requirements, maximum LTV, or just the location. Knowing who does what is essential to save time and potentially money.

This page details some of the basic criteria that the leading HMO lenders work with, but advice should always be sought from an HMO specialist. Call us today to see how we can help.

Call us – 01604 212879

Red circle with text saying no fees

Save £100's - We'll never charge a broker fee

    Speak To A HMO Mortgage Expert

    • Expert HMO Mortgage Advice
    • Small & Large HMO Units Including Large Student Blocks
    • Lending To First-Time & Experienced HMO Landlords

    Consent to contact you back (required)

    Home 9 hmo-mortgages 9 hmo-mortgage-criteria

    We know HMO criteria inside out – call us to see how we can help

    Paragon Bank Logo
    LendInvest Logo
    Precise Mortgages Logo
    Landbay Logo
    Shawbrook Bank Logo
    Aldermore Bank Logo
    Paragon Bank Logo
    Lend Invest Logo
    Precise Mortgages Logo
    Landbay Mortgages Logo
    Shawbrook Bank Logo
    Aldermore Bank Logo

    and many more…

    HMO Mortgage Criteria

    Investing in an HMO property can be a great investment opportunity, but it’s not always easy to determine which lender might be best suited to meet your individual needs and circumstances.

    Our guide to HMO mortgage criteria aims to cover the basics and more, providing insights into the typical criteria lenders require when financing HMO properties.

    Each lender will have its specific HMO criteria to meet. However, it’s important to understand that criteria are dynamic, just like the rates. Speaking with a qualified HMO mortgage adviser is crucial to understand the criteria related to your circumstances fully.

    Feel free to explore the criteria below, and if you have any questions, please complete our contact form, and we’ll get back to you. You can also call us at 01604 212879.

    red check box

    HMO First Time Landlords & Buyers

    red check box

    Large HMO's up to 20 Rooms & More

    red check box

    Access To The Whole Market

    red check box

    HMO Mortgages With No Minimum Income

    For more information on HMO Mortgages, visit our HMO Mortgage Guide

    To explore HMO mortgage rates, visit our  HMO Mortgage Rates

    Lender

    Aldermore Bank Logo

    Lender

    Maximum Number Of Rooms

    12*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    Aldermore HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £2,000,000
    • England, Wales & Mainland Scotland

    Lender

    CHL Logo

    Maximum Number Of Rooms

    10*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 24 months buy-to-let experience

    Capital Home Loans HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £1,000,000
    • England & Wales Only
    • Minimum Property Value of £150,000 inside the M25, and £100,000 elsewhere
    • Minimum Income of £20,000

    Lender

    Fleet logo

    Maximum Number Of Rooms

    6

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    Fleet Mortgages HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £1,500,000
    • Minimum Property Valuation of £150,000 within London, and £100,000 outside of London
    • Minimum Income of £15,000 per annum
    • England & Wales Only

    Lender

    FHL Logo

    Maximum Number Of Rooms

    6

    Experience Required?

    No, first-time landlords accepted

    Foundation Home Loans HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £3m up to 70% and £5m up to 60%
    • England, Wales and selected postcodes in Scotland
    • No Minimum Income

    Lender

    HTB Logo

    Maximum Number Of Rooms

    No Limit

    Experience Required?

    Yes, a minimum of 12 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Hampshire Trust Bank HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £25,000,000
    • England & Wales only
    • First-time landlords are acceptable if they’re a residential homeowner.
    • Minimum Income of £35,000 For First-Time Landlords

    Lender

    Interbay Logo

    Maximum Number Of Rooms

    No Limit

    Experience Required?

    Yes, a minimum of 24 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Interbay Commercial HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £25,000,000
    • England & Wales only
    • First-time landlords are acceptable if they’re a residential homeowner. Maximum 80% LTV applies for first-time landlords. Landlord experience isn’t always required.
    laptop with man using loud speaker asking for subscribers

    Lender

    Kent Reliance Logo

    Maximum Number Of Rooms

    20*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Kent Reliance HMO Criteria

    • Maximum LTV – 80%
    • Personal & Limited Company Ownership
    • Minimum Property Value – £75,000
    • Maximum Loan – £2,000,000
    • Investment valuations can be instructed on 5 and 6 bed HMOs in Article 4 areas
    • England & Wales Only
    • First-time landlords are acceptable if they’re a residential homeowner and the property has no more than six beds. Maximum 80% LTV applies for first-time landlords.
    • KRBS request their valuers to consider minimum room size and communal space standards in accordance with current RICS guidance.The HMO must have the correct level of communal space, amenities and fire precautions as set out by the respective local authority.

    Lender

    Keystone Logo

    Maximum Number Of Rooms

    15*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 6 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Keystone Property HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £2,000,000
    • Minimum Loan – £50,000
    • England & Wales Only
    • First-time landlords must be an owner-occupier
    • Minimum Income of £25,000

    Lender

    Landbay Mortgages Logo

    Maximum Number Of Rooms

    12*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Landbay HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Minimum Property Value of £75,000
    • England & Wales only
    • First-time landlords must be an owner-occupier
    • No Minimum Income for Landlords With 24 Months Experience. First-Time Landlords Minimum Income Of £25,000

    Lender

    Leeds Building Society Logo

    Maximum Number Of Rooms

    8

    Experience Required?

    Yes, a minimum of 24 months buy-to-let experience

    Leeds Building Society HMO Criteria

    • Maximum LTV – 75%
    • Personal Ownership Only
    • Maximum Loan – £1,000,000
    • England, Scotland & Wales
    • Minimum Property Value of £250,000 inside London, and £100,000 elsewhere
    • No Minimum Income

    Lender

    Lend Invest Logo

    Maximum Number Of Rooms

    15*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Lend Invest HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £1,500,000
    • Minimum Value of £250,000 In London & £100,000 Elsewhere
    • England, Wales & Scotland
    • Minimum Income of £30,000 For First-Time Landlords (FTL’s)
    • First-Time Landlords Must Have Been An Owner-Occupier For 6 Months Minimum

    Lender

    Molo Logo

    Maximum Number Of Rooms

    12

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    Molo Finance HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Minimum Loan of £45,000
    • Maximum Loan – £1,000,000
    • England & Wales Only
    • No Minimum Income
    • HMO’s Over 6 Rooms Will Require A Redbook Valuation

    Lender

    Paragon Bank Logo

    Maximum Number Of Rooms

    20

    Experience Required?

    Yes, a minimum of 24 months buy-to-let experience

    Paragon Bank HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £4,000,000
    • Minimum Property Value – Up To 10 Rooms £100,000 and Up To 20 rooms £150,000.
    • England, Wales & Mainland Scotland
    • Minimum Income of £25,000 (combined or single)

    Lender

    Precise Mortgages Logo

    Maximum Number Of Rooms

    6

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    Precise Mortgages HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £1,000,000
    • England, Wales & Selected Postcodes In Scotland
    • Minimum Property Value of £250,000 inside London, and £100,000 elsewhere
    • No Minimum Income

    Lender

    Quantum Mortgages Logo

    Maximum Number Of Rooms

    6

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    Quantum Mortgages HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £1,500,000 Subject To LTV
    • Minimum Loan – £100,000 and Minimum Property Value £125,000
    • England and Wales

    Lender

    Shawbrook Bank Logo

    Maximum Number Of Rooms

    No Limit

    Experience Required?

    Yes, a minimum of 12 months BTL experience for large HMO’s (7+ rooms). Small HMO’s no experience required

    Shawbrook Bank HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £25,000,000
    • England, Wales and Scotland
    • No Minimum Income and Personal Income Can Be Used To Support LOan (Top Slicing)
    • First-Time Landlords Must Be An Owner-Occupier

    Lender

    The Mortgage Lender Logo

    Maximum Number Of Rooms

    6

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    The Mortgage Lender HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £3,000,000
    • England, Wales & Mainland Scotland
    • Minimum Property Value – £120,000
    • No Minimum Income Requirement

    Lender

    The Mortgage Works Logo

    Maximum Number Of Rooms

    5 to 7*

    (*A property occupied by 4 people or fewer, even if licenced and sharing the characteristics of an HMO, is not eligible for HMO products.)

    Experience Required?

    Yes, a minimum of 24 months buy-to-let experience or 12 months HMO experience

    The Mortgage Works HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £750,000 Up To 65% and £500,000 to 75% LTV
    • Minimum Property Value – £100,000
    • No Minimum Income Requirements
    • The property must offer a communal living room. A large open plan kitchen/living room if it is big enough to meet reasonable occupant needs can be considered a communal room.

    Lender

    United Trust Bank Logo

    Maximum Number Of Rooms

    10*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    United Trust Bank HMO Criteria

    • Maximum LTV – 80%
    • Personal & Limited Company Ownership
    • Minimum Valuation – £150,000
    • Minimum Loan – £50,000
    • Maximum Loan – £1,000,000
    • England, Wales & Scotland
    • No Minimum Income Requirement

    Lender

    Vida Logo

    Maximum Number Of Rooms

    6

    Experience Required?

    No, first-time buyers can be considered for HMO purchases

    Vida Home Loans HMO Criteria

    • Maximum LTV – 85%
    • Personal & Limited Company Ownership
    • Minimum Loan – £50,000
    • Maximum Loan – £1,000,000
    • England, Wales and Scotland In Selected Postcodes
    • Minimum Property Value – £100,000
    • No Minimum Income

    Lender

    West One Logo

    Maximum Number Of Rooms

    10*

    (*Different product ranges available for small and large HMO properties)

    Experience Required?

    Yes, a minimum of 12 months buy-to-let experience

    West One HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Minimum Loan – £50,000
    • Minimum Property Value – £90,000
    • England & Wales Only

    Lender

    Yorkshire Building Society Logo

    Maximum Number Of Rooms

    12

    Experience Required?

    Yes, a minimum of 12 months HMO Experience

    Yorkshire Building Society HMO Criteria

    • Maximum LTV – 75%
    • Personal & Limited Company Ownership
    • Maximum Loan – £5,000,000
    • Minimum Property Value – £350,000
    • Property must have an alternative use, can not lend against purpose built student accommodation

    How to get the best HMO Mortgage rate

    With over 1000 HMO mortgage rates available at any one time and multiple lenders with varying criteria, the best way to ensure you get the best deal is to work with a specialist HMO adviser. An HMO expert will:

    • Have a thorough knowledge of the market and provide advice to help you make an informed decision.
    • Will know lender criteria inside out and will help to find the right lender for you.
    Red circle with text saying no fees

    Expert Advice - Zero Broker Fees

    We’ll never charge a fee for our services, including our initial advice and mortgage arrangements.

    If you have a quick question, want a better idea of the rates you might qualify for, or would like to apply for an HMO mortgage, you can call us on 01604 212879 or request a call-back.

    1000+ HMO Rates - Speak To An HMO Expert

    • Access to the whole market, including exclusive deals
    • HMO rates for small and large HMO’s
    • Experienced & First-Time HMO landlords

    Call us on 01604 212879 or request a call back

    Consent to contact you back (required)

    If you'd like to keep updated with latest rates and developments