HMO mortgages in Scotland
Houses in multiple occupation, let room by room.
A house in multiple occupation (HMO) is let to several tenants who are not from the same family and who share facilities such as a kitchen or bathroom. In Scotland, HMOs need a licence from the local council, and lenders take that, and the way the property is let, into account.
Lenders look at many different factors when offering finance for an HMO, so it is best to get advice specific to your property. We work with lenders who consider HMOs, from a first licensed property to larger multi-let properties.
To confirm with Freedom Financial: Confirm whether the firm arranges finance for serviced accommodation and holiday lets (the current site mentions both).How we help
- Licensing
- Lenders will want to know about the HMO licence. We explain what they look for.
- Valuation
- HMOs can be valued in different ways. We explain how this may affect the amount you can borrow.
- Experience
- Some lenders ask for previous letting experience before they will lend on an HMO. We know which ones.
Common questions
Do I need a licence to let an HMO in Scotland?
Yes. HMOs in Scotland must be licensed by the local council. Your council can tell you what applies to your property.
Can I get an HMO mortgage without landlord experience?
Some lenders ask for experience and others do not. We look at your circumstances and explain the options.
What happens when you get in touch
Book an appointment
We look at your options
Our recommendation
Application
Offer and completion
We stay in touch
Related
- Portfolio landlordsGrowing, refinancing or reorganising a portfolio of rental properties.
- Bridging financeShort-term finance for property purchases and projects.
- Buildings & contents insuranceProtecting your properties inside and out, covering building and belongings.
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Book an appointment at a time that suits you, call the office, or ask us to call you back. We are here to help.