HMO/MUB
Mortgages specifically for Multi-Unit Blocks and Houses of Multiple Occupancy.
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Suitable for...
Landlord applicants with Houses of Multiple Occupancy or Multi-Unit Blocks
Experienced landlords
Limited Company applicants
First time landlords with a combined minimum income over £75k
Lending criteria
Maximum Loan £750,000
HMO: Minimum valuation £75,000
MUB: Minimum 35sqm and minimum valuation of £50,000 per unit
The detail
For both HMOs and MUBs
- Overall exposure limited to £2 million (inclusive of fees). This is combined across Residential and standard Buy to Let mortgages
- Not available on New Build
- Shared accommodation on a bedsit basis is not acceptable
- We will not accept a MUB that contains any HMOs
HMOs
- Up to 6 beds
- Must have additional living area
- HMO license is required. Where a license is not currently in place, we will require evidence that this has been applied for prior to completion
- Property needs to be readily saleable as a family home
MUBs
- Up to 6 units. No minimum overall property value
- Minimum area 30sqm
- Units must have separate utility services