HMO Mortgage

How long does an HMO Mortgage take?


It takes the same amount of time processing an HMO Mortgage as any other. Up to 2 months to complete on purchase including time for Survey and Legals.


An additional step for HMO mortgage lenders is checking you have an HMO Licence, Planning (if required) and Selective Licensing (if required). 

Also, due to the commercial valuation on larger HMO's the valuation may be slower.


These checks should not push the time too much. As always a prepared borrower and broker with the paperwork ready to go from the outset can cut these times.


It will be a mortgage condition that you are deemed "fit and proper" to run an HMO. This allows lenders to grant finance on sight of an application for the HMO licence.


You can complete quicker if using Bridging Finance or Remortgaging. 


Some lenders are faster than others but it often it depends on the complexity of the application. 

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