HMO Mortgages Manchester
More management but a higher return, this is where landlords potentially look to increase yields
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What is an HMO Property?
More management but a higher return – this is where landlords often look to boost their rental yields. This can be done through simple improvements to the property or by using Bridging Finance for a larger extension to house more tenants. As an experienced HMO Mortgage Broker in Manchester, I help clients identify and finance these opportunities effectively.
Over the years, legislation around HMOs has changed, and I’ve adapted with it to make sure my clients stay informed. Whether it’s planning permission or building regulations, I ensure you know what’s required as an HMO landlord so your next investment in Manchester works in your favour.
From a lender’s perspective, an HMO (House in Multiple Occupation) is typically any property occupied by three or more people forming separate households – meaning they’re not related. Lenders also often define HMOs by shared amenities like kitchens or bathrooms.
That said, definitions do vary. Some lenders look at how tenancy agreements are structured—whether each tenant has an individual contract or everyone is on the same one. Others may be guided by local licensing rules.
Will my HMO need licensing?
As an HMO Mortgage Broker Manchester, I’m often asked about licensing. The answer depends on your local council’s policies. In some cases, councils may waive the requirement depending on how the property is let. However, in most cases, if your property is let to four or more individual tenants, a license and the appropriate planning permissions are likely to be required.
I’m a first-time landlord but I am looking at HMO’s can I proceed?
Yes, absolutely. While many lenders prefer you to have 12–24 months of proven landlord experience, it’s still possible to go straight into an HMO purchase. As your dedicated HMO Mortgage Broker in Manchester, I can help you find the right lenders willing to work with first-time HMO investors.
Is financing an HMO purchase straight forward?
It can be – with the right support. HMOs involve more complexity than standard Buy-to-Let or Residential purchases, but with a knowledgeable HMO Mortgage Broker Manchester by your side, we’ll navigate the key differences together and ensure you’re fully prepared before moving forward.
I’ve heard the phrase ‘Sui Generis?’ What is this?
‘Sui Generis’ is a planning term for properties that don’t fit into traditional use classes. In property, it usually refers to larger HMOs with seven or more tenants. While it’s not exclusive to property, in this context it indicates that additional planning requirements may apply.
Tailored Mortgage Solutions – Get in Touch
Have questions? Need a quote? Fill out the form below or call us today for expert mortgage advice that’s tailored to you.
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We will have a chat about your plans and goals.
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You receive tailored recommendations, quotes & next steps.
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We submit your application and manage everything to completion.
I’m looking for a Commercial Valuation. How do I achieve this?
This is becoming increasingly relevant for HMO investors. In recent years, more lenders have opened up to offering commercial valuations, depending on the individual case.
As a specialist HMO Mortgage Broker Manchester, I’ve written more on this topic in my blog. In short: if you’re aiming for a valuation based more on rental income than bricks and mortar value, I can connect you with lenders who suit your criteria. Factors like property type, income potential, and whether it’s in an Article 4 area all come into play.
Anything Else?
Absolutely. HMOs come with more legal responsibilities, especially regarding planning and building regulations. That’s why I take time to walk you through these requirements early on, helping avoid issues later. In most cases, I can address these concerns upfront, so we’re well-prepared from the start.
