HMO & Multi-Unit Mortgages
Looking for a higher return on your investment? We can guide you.
Not all lenders will consider properties that have multiple tenancies or separate self-contained units.
Kerr & Watson work with numerous specialist lenders that understand this property type. Whether this is a house of multiple occupation or a house converted into flats, we can assist.
What is an HMO mortgage?
An HMO mortgage is a type of mortgage specifically for landlords who want to rent out their property to more than three tenants who aren’t from one household. HMO mortgages tend to be more expensive, both in terms of interest and fees.
What is multi-unit mortgage?
A multi-unit mortgage is for a building that is made up of multiple self-contained units that are all on one freehold title. This could be a block of flats or a row of terraced houses. Each property on the title should be a self-contained unit and can be rented out to different tenants.
Can I get an HMO mortgage as a first-time buyer?
Yes, as a first-time buyer you can get an HMO mortgage. You’ll be in a similar situation to first-time landlords in that your choice of lenders may be slimmer and the interest rate could be higher.
Buy to Let Mortgage calculator
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Identify what your monthly repayments would be with our repayment calculator.
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Your Mortgage In 3 Easy Steps…
Conversation
Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.
Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.
Research
We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.
If you would like an agreement in principle, we’ll also arrange this for you.
Application
We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.
We will also communicate with you at every stage, from application to completion.
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