Current HMO Mortgage Rates

We source the best HMO (House of Multiple Occupation) mortgage rates from the UK’s leading lenders, with borrowing up to 85% LTV, rates starting from 3.14%.

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    We Find The Best HMO Mortgage Rates From The UKs Leading HMO Lenders

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    and many more…

    Latest HMO Mortgage Rates as of 21st June 2024

    This page shows a selection of the latest HMO rates as of 21/06/2024. Rates shown are for 2-year and 5-year fixed HMO rates and 2-year tracker HMO rates.

    Bank Of England Base Rate:

    5.25%

    (next review due 01st August 2024)

    What HMO rates do we show?

    Top 5 Best Cost HMO Rates – We show the top 5 best cost HMO rates based on the actual cost over the initial rate period, inclusive of any lender arrangement fee. These deals typically offer the best value.

    The Top 3 Lowest Rates – These typically come with the highest lender arrangement fees but can help to keep monthly payments down. Whilst there can be some exceptions, the lowest rates do not typically offer the best deal.

    Compare the latest HMO mortgage rates

    The following HMO rates are selected based on being the lowest overall cost over the 2 or 5 year initial product period when taking lender fees into account.

    2-Year Fixed HMO Rates

    Top 5 Best 2yr HMO Rates

    BEST TRUE COST OVER 2-YEARS

    2-year fixed @ 5.19% - (3% fee)

    • APRC – 8.90%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.99%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 4.28% - (5% fee)

    • APRC – 9.70%
    • Lender Fee – 5%
    • Maximum LTV – 75%
    • Standard Variable Rate – 9.75%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 5.03% - (3.5% fee)

    • APRC – 9.70%
    • Lender Fee – 3.5% Fee
    • Maximum LTV – 75%
    • Standard Variable Rate – 9.75%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 6.79% - (NIL fee)

    • APRC – 9.00%
    • Lender Fee – NIL
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.99%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 5.30% - (3% fee)

    • APRC – 8.40%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.35%
    • Early Repayment Charges – Yes, during the initial rate period

    5-Year Fixed HMO Rates

    Top 5 Best 5yr HMO Rates

    BEST TRUE COST OVER 5-YEARS

    5-year fixed @ 5.34% - (NIL fee)

    • APRC – 7.70%
    • Lender Fee – NIL
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.99%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 5.29% - (£1495)

    • APRC – 7.70%
    • Lender Fee – £1495
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.99%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 4.99% - (3% fee)

    • APRC – 7.80%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.99%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 4.62% - (7% fee)

    • APRC – 8.60%
    • Lender Fee – 7%
    • Maximum LTV – 55%
    • Standard Variable Rate – 9.75%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 5.06% - (5% fee)

    • APRC – 8.60%
    • Lender Fee – 5%
    • Maximum LTV – 55%
    • Standard Variable Rate – 9.75%
    • Early Repayment Charges – Yes, during the initial rate period

    2-Year Tracker HMO Rates

    Top 5 Best Tracker Rates

    BEST TRUE COST OVER 24 MONTHS

    2-year tracker @ 5.99% - (3% fee)

    • APRC – 8.70%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.50%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 0.74% above the Bank of England base rate, currently 5.25% for 2 years.

    2-year tracker @ 6.49% - (3% fee)

    • APRC – 8.30%
    • Lender Fee – 3%
    • Maximum LTV – 65%
    • Standard Variable Rate – 7.94%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year tracker @ 5.74% - (5% fee)

    • APRC – 9.30%
    • Lender Fee – 5%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.74%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 0.49% above the Bank of England base rate for 2 years.

    2-year tracker @ 6.94% - (3% fee)

    • APRC – 9.30%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.74%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 1.69% above the Bank of England base rate, currently 5.25% for 2 years

    2-year tracker @ 7.04% - (3% fee)

    • APRC – 9.70%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 9.24%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 1.79% above the Bank of England base rate, currently 5.25%, for 2 years.

    To find out more about the HMO rates shown and other rates available, call us on 01604 212879 or:

    The following HMO rates are the lowest rates available, but come with high lender arrangement fees. Often referred to as ‘headline’ rates, these rates will not typically offer the best value over the initial product term.

    2-Year Fixed HMO Rates

    Top 3 Lowest 2yr HMO Rates

    2-year fixed @ 3.14% - (9.99% fee)

    • APRC – 10.60%
    • Lender Fee – 9.99%
    • Maximum LTV – 55%
    • Standard Variable Rate – 10.24%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 3.22% - (7% fee)

    • APRC – 9.70%
    • Lender Fee – 7%
    • Maximum LTV – 55%
    • Standard Variable Rate – 9.75%
    • Early Repayment Charges – Yes, during the initial rate period

    2-year fixed @ 3.86% - (7% fee)

    • APRC – 10.40%
    • Lender Fee – 7%
    • Maximum LTV – 65%
    • Standard Variable Rate – 10.24%
    • Early Repayment Charges – Yes, during the initial rate period

    5-Year Fixed HMO Rates

    Top 3 Lowest 5yr HMO Rates

    5-year fixed @ 4.15% - (9.99% fee)

    • APRC – 9.20%
    • Lender Fee – 9.99%
    • Maximum LTV – 70%
    • Standard Variable Rate – 10.24%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 4.21% - (9.99% fee)

    • APRC – 9.20%
    • Lender Fee – 9.99%
    • Maximum LTV – 70%
    • Standard Variable Rate – 10.24%
    • Early Repayment Charges – Yes, during the initial rate period

    5-year fixed @ 4.39% - (9.99% fee)

    • APRC – 9.30%
    • Lender Fee – 9.99%
    • Maximum LTV – 55%
    • Standard Variable Rate – 10.24%
    • Early Repayment Charges – Yes, during the initial rate period

    2-Year Tracker HMO Rates

    Top 3 Lowest 2y Tracker Rates

    2-year tracker @ 5.74% - (5% fee)

    • APRC – 9.20%
    • Lender Fee – 5%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.74%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 0.49% above the Bank of England base rate for 2 years.

    2-year tracker @ 5.99% - (3% fee)

    • APRC – 8.90%
    • Lender Fee – 3%
    • Maximum LTV – 75%
    • Standard Variable Rate – 8.50%
    • Early Repayment Charges – Yes, during the initial rate period
    • A variable rate which is 0.74% above the Bank of England base rate, currently 5.25% for 2 years.

    2-year tracker @ 6.49% - (3% fee)

    • APRC – 8.30%
    • Lender Fee – 3%
    • Maximum LTV – 65%
    • Standard Variable Rate – 7.94%
    • Early Repayment Charges – Yes, during the initial rate period

    To find out more about the HMO rates shown and other rates available, call us on 01604 212879 or:

    Did you know?

    If you have a 4 or 5-bedroom HMO property, it’s potentially possible to secure standard buy-to-let rates, meaning lower rates and lower fees. Call us to find out more.

    Call Us

    Call us on 01604 212879 and speak to a HMO mortgage expert

    Email Us

    If you would prefer to email and explain your situation in more detail, email us at:

    enquiry@adeptmortgages.co.uk

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    Speak To A HMO Mortgage Expert For A No-Obligation HMO Review

    Access to the whole market with exclusive HMO rates not available by going direct. Call today on 01604 212879 to see how we can help

    HMO Mortgage Criteria

    Find Out More About HMO Criteria

    Criteria for HMO mortgages will vary from lender to lender. Our HMO Criteria will cover all the basics and more for the main HMO mortgage lenders.

    Find out more about:

    • Individual lender criteria
    • HMO experience criteria
    • Maximum loan to values
    • Maximum number of rooms

    You’ve seen the rates, now find out more about HMO mortgages

    Find out more about HMO mortgages by reading our in-depth guide to HMO Mortgages. Read about:

     

    • HMO Lending Criteria
    • HMO valuations
    • Experience Requirements – if you are a first-time HMO landlord, you might want to read our first-time HMO guide
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    Information On Lender Fees

    Affordability for buy-to-let and HMO mortgages is calculated based on a lender stress test. The stress test the lender applies is partly dependent upon the product and rate selected. The higher the rate, the harsher the stress test applied, resulting in a lower borrowing amount.

    As a result of the current base rate level, and the impact this has had on borrower affordability, lenders have introduced lower-rate products to help meet stress test requirements. However, these products can come with high lender fees, with some up to 10% of the amount borrowed.

    Until such time as the base rate reduces, it’s likely these low-rate, high-fee products will continue to be seen.

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    To find out more about the HMO rates shown and other rates available, call us on 01604 212879 or:

    For Limited Company rates, please visit our Limited Company BTL Rates

    To understand how much you can borrow using any of the rates above, visit our Rental Income Stress Calculator 

    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.
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    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.

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    Next Base Rate Review - 01/08/2024 (Currently 5.25%)

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      HMO Mortgage News & Updates

      20/06/2024 - United Trust Bank (UTB) Increases HMO Rates

      From 20th June, UTB has increased rates across its HMO product range. 

      Specialist (HMO and MUBs up to 10 rooms/units)

      • 2yr Fixes from 5.29%
      • 5yr Fixes from 5.69%

      13/05/2024 - Kent Reliance Enhances HMO Criteria

      Kent Reliance (KRBS) has expanded its criteria to include HMO properties outside of Article 4 areas with 5 and 6 bedrooms (where there are 3 or more bathrooms and/or 2 or more kitchens).

      They also now offer investment valuations on 5 and 6 bedroom HMOs both inside or outside of Article 4 areas.
      Enhanced valuations

      You can choose between an investment or standard valuation.

      08/05/2024 - The Mortgage Works (TMW) Increases Rates

      TMW have increased rates on limited company HMO products as of the 8th May.

      Rate increases from 5.19% to 5.39% on the 2-year fixed and 5.39% to 5.54% on the 5-year fixed.

      09/04/2024 - Lend Invest Free Valuation Small HMO's

      Lend Invest have launched a Limited Edition product on Small HMOs.
      Available for a limited time*, your landlord customers can benefit from:

      – Free valuations on 2-year Small HMOs up to £500k

      This compliments our comprehensive Small HMO offer, which includes:

      – New lower rates up to 15bps. See our new rates.
      – Small HMOs valued the same way as standard Buy-to-Lets
      – Backing first-time landlords to purchase a Small HMO (30k minimum income required).

      28/03/2024 - Landbay Launches 80% HMO Range

      Landbay are excited to announce the return of their 80% LTV range. These 5-year fixed-rate products are available for standard properties and small HMOs featuring a 0% fee.

      They have also made further reductions across their existing product lineup, reducing rates by up to 0.10% on their 2-year and 5-year ranges.

      Small HMO
      5-year fixed rate
      6.59%
      Up to 80% LTV
      0% fee

      Small HMO/MUFB
      2-year fixed rate
      4.19%
      Up 75% LTV
      6% fee

      08/03/2024 - FHL Launches HMO Mortgages For First-Time Landlords

      As of Friday 8th March, FHL have introduced products to enable first time landlords to purchase standard HMOs within the Buy to Let by Foundation product range, and new rates across all BTL products.

      • NEW F2 2- and 5- year standard HMO (up to 6 occupants) for first time landlords up to 75% LTV with a 2% fee with rates starting from 6.49%
      • ‘Standard’ HMOs – up to 6 occupants
      • Maximum loan to value 75% to £1.5m
      • No minimum income requirement for the First Time Landlord
      • Landlords must have their own residential mortgage, but no other BTL mortgages are required
      • Standard HMOs do not require a commercial valuation

      01/03/2024 - FHL launches new fee assisted HMO range

      As of today, Friday 01st March, FHL have launched new Fee Assisted products for standard HMOS, and new rates across selected BTL F1 and F2 products.

      • New F2 Standard HMO fee assisted 2 and 5 year fixed rates up to 75% LTV with a 1.25% fee, one free standard valuation and no application fee, rates starting from 6.39%

      16/02/2024 - Foundation Home Loans make changes to large HMO range

      • Borrowing now permitted up to 75% LTV on large HMOs up to 10 bedrooms (was previously 8) with rates starting from 6.49% with a 2% Fee
      • Large HMO (unlimited bedrooms) 5-year fixed rates now starting from 6.39% to 65% LTV

      14/02/2024 - Paragon New 2 year fixed HMO Rates

      Paragon Bank has released a range of new 2-year fixed rate HMO products, with rates starting from 5.10% with a 3% lender fee – Limited Edition Product

      24/01/2024 - Molo HMO Rate Reductions

      HMO Rate reductions for UK resident buy-to-let include:
      • Specialist product rates start from 4.04% for a two-year fixed rate, available for HMOs, MUFBs, holiday lets, and new build properties

      17/01/2024 - TMW drops HMO Rates

      The Mortgage Works (TMW), have released a range of new HMO rates starting from 4.99% for a 5 year fixed with a 3% fee, and a no-fee 5 year fixed @ 5.34%

      11/01/2024 - Kent Reliance to offer investment valuations

      Kent Reliance Building Society (KRBS) has changed its valuation pathway for 5 and 6-bedroom HMOs.
      As the HMO market has matured and landlords have adapted properties to meet the expectations of their tenants, smaller HMOs are being similarly adapted with increased en suite facilities and multiple kitchens.

      And so to support clients, they’ll now accept investment valuations on 5 and 6-bedroom HMOs, provided the property is located within an Article 4 Direction area where permitted development from C3 residential to C4 HMO has been removed.

      An investment valuation may still be available if the property is located outside of an Article 4 Direction area. Call us to find out more.

      11/01/2024 - Landbay cuts HMO rates

      Landbay have cut rates across their two and five-year small HMO products by up to 0.35%. All products include their variable fee structure for added affordability and flexibility for clients.

      10/01/2024 - Lendco launches a new range of HMO products

      Reductions on 5-year fixed-rate pricing of up to 50bps for standard assets and up to 40bps for HMOs and MUFBs, as well as a softening of fee options.
      Reductions on 2-year fixed-rate pricing of up to 69bps for single assets and up to 74bps for HMOs and MUFBs, again with softer fee options.

      09/01/2024 - Paragon refreshes range of HMO products, with NIL lender fees

      Paragon Bank has refreshed its HMO range with a range of revised products that come with NIL lender fees and free valuations. Call us to find out more.

      02/01/2024 - Leeds BS introduces reduced rates for small and large HMO products

      Leeds building society has launched a range of reduced HMO products with low fees starting from 5.99% for a 5 year fixed with a £999 lender arrangement fee.