HMO Mortgage

What does HMO stand for?

HMO is short for House in Multiple Occupation. It's used to describe a house which has many unrelated tenants. Typically three or more tenants who share a kitchen, bathroom or both.

A property can be a Licensable HMO or an Unlicenced HMO. An Unlicensed House in Multiple Occupation is small up to two tenants sharing. A Licensable HMO is three or more unrelated tenants. A property is not an HMO if the household consists of members of the same family. Including half-relatives, foster children or domestic staff.


What does HMO Mortgages Mean?

If a property intends to be used an HMO, the owner will require an HMO mortgage. Normal Buy-to-Let mortgages typically dont allow multiple occupants.

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