HMO Mortgages Liverpool
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 aim to increase yields, either through small property improvements or by using Bridging Finance for larger extensions to accommodate more tenants. As an HMO Mortgage Broker in Liverpool, I help landlords explore these strategies and secure the right finance to make them happen.
With legislation constantly evolving, I’ve adapted alongside it to ensure my clients are always up to date with what’s expected of them as HMO landlords. From planning requirements to building regulations, my aim is to make sure your next HMO investment works in your favour.
From a lender’s perspective, an HMO (House in Multiple Occupation) is generally defined as a property where three or more people, forming separate households (not related), live together and share amenities like a kitchen or bathroom.
However, each lender has its own criteria. Some base it on the number of tenancy agreements—whether tenants are on individual contracts or a single joint one. Others may be influenced by local licensing laws.
Will my HMO need licensing?
As an HMO Mortgage Broker Warrington, I often This is a common question I get as an HMO Mortgage Broker Liverpool. The answer is: it depends. Requirements differ from one council to another. In some cases, councils may waive the need for a license if the letting arrangement meets specific criteria. But typically, if you have four or more individual tenants, you will likely need a license along with appropriate planning permissions.
I’m a first-time landlord but I am looking at HMO’s can I proceed?
Yes, you can. While some lenders prefer borrowers to have 12 to 24 months of landlord experience, it’s still possible to jump straight into HMO investing. As your local HMO Mortgage Broker in Liverpool, I’ll help you explore lenders who are open to working with new landlords entering the HMO space.
Is financing an HMO purchase straight forward?
It can be, with the right guidance. HMOs come with unique considerations compared to standard Residential or Buy-to-Let properties, but that’s exactly where I step in. With the support of an experienced HMO Mortgage Broker Liverpool, we’ll navigate the process smoothly and efficiently.
I’ve heard the phrase ‘Sui Generis?’ What is this?
‘Sui Generis’ is a planning term used for properties that don’t fall into standard use categories. In the context of property, it typically applies to larger HMOs with seven or more occupants. It’s a broader term, but for HMO landlords, it usually signals a need for additional planning considerations.
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 a hot topic, especially among HMO investors. More lenders are now open to offering commercial valuations, depending on the situation.
As an experienced HMO Mortgage Broker Liverpool, I go into more depth on this in a separate blog post, but in short: if you want a valuation based on rental income rather than bricks and mortar, we can approach the right lenders for you. Key considerations include the property type, location (e.g., Article 4 areas), and potential rental returns.
Anything Else?
Definitely. HMOs involve more legal and regulatory aspects than standard lets, especially concerning planning and building regulations. I make sure we cover all of these up front so you know exactly what you’re dealing with before you commit to a property. In most cases, I can address these early to help ensure the best possible outcome.
