Altun Finance Limited: Your Trusted HMO Mortgage Broker

Partner With the Best Whole of Market HMO Mortgage Broker for the Best Rates From Specialist HMO Mortgage Lenders

As a specialist HMO mortgage broker, Altun Finance Limited works closely with a wide range of trusted lenders to provide the best HMO mortgages on the market. We aim to save you time and money by offering expert advice, financing options and support for new and existing HMO clients and businesses.

Use our handy HMO mortgage calculator to get started.

What is an HMO?

An HMO is a property where at least 3 unrelated tenants share a home, forming more than 1 household and its facilities, such as a toilet, bathroom, or kitchen. If a property has more than 5 tenants across multiple floors, it is classified as a ‘large HMO’ and requires a license from the local council. Licensing regulations and standards for fire safety vary by location, so it’s important to check with your local authority.

Understanding HMOs and their Benefits

HMOs (Houses in Multiple Occupation) can significantly increase your business profitability. By renting rooms individually, you can achieve higher yields compared to letting a single household. According to Mortgages for Business data, HMOs yielded an average of 8.8% compared to the average yield of 5.8% for standard buy-to-let properties.

Financing Criteria for HMO Mortgages

While HMO mortgages may be more expensive than conventional buy-to-let mortgages, they can usually cover up to 75% of loan-to-value. Altun Finance Limited can help you navigate the HMO mortgage landscape based on common lender criteria:

• Borrower Experience
• Borrower’s Current Income Level
• Borrower’s Credit Rating
• HMO Property Details (number of bedrooms, tenant type, address, and licensing status)
• Borrowing Vehicle (personal name, limited company, or limited liability partnership)
• Deposit Source (if not using HMO reportage for a purchase)

HMO Mortgage Rates, Fees, and Benefits

HMO mortgages typically have higher costs and are more challenging to secure than standard buy-to-let loans. It is, therefore, crucial to obtain a reasonable interest rate to maximise your rental income.

Using an independent mortgage broker like Altun Finance Limited gives you access to a broad range of specialist HMO lenders, including those who can customise financing packages to suit your needs. Our HMO mortgage brokers can guide you through the application process and help you find the best HMO mortgage lenders and rates available.

How Altun Finance HMO Can Help

Find the Right HMO Mortgage Lenders and Financing With Altun by Your Side
Altun Finance Limited specialises in providing financing solutions for complex cases, including:

• HMO Mortgage Assessments to Help Determine Your Eligibility.
• Identifying the Best Lenders for HMO Mortgages: First-Time Landlord, Buy to Let HMO Mortgages, HMO Limited Company Mortgages
• Large HMOs: No Upper Limit on the Number of Bedrooms per Property
• Financing for Limited Companies, SPV and Limited Liability Partnerships
• Student Lets Designated as HMOs
• HMO Finance for Expats and Foreign Nationals
• Properties Operating as HMOs Without Planning Permission
• Capital Raising From Your Current HMO Portfolio or Minimising Deposit Requirements

With our expertise as specialist HMO Mortgage Brokers, Altun Finance Limited can identify several lenders offering the best HMO mortgage rates suitable for your requirements. Altun Finance Limited works with specialist lenders offering competitive HMO mortgage rates.

Altun Finance Limited – Your Partner for Expert HMO Financing and Mortgages

The property market is highly competitive, and it is important to have expert help to get the kind of funding that will help you reduce your outgoings. At Altun Finance, we leverage our property finance expertise to support your business and ensure you have the financial solutions you need.

Contact us today to help source business lenders who provide specialised HMO funding and search for the lowest HMO mortgage rates.

Altun Finance Limited
Tel: 0208 350 8560 Mob: 07981 949991
admin@altunfinance.co.uk www.AltunFinance.co.uk
Altun Finance Limited is authorised and regulated by the Financial Conduct Authority  regulation of, Credit Broking.  Financial Conduct Authority (FCA) Registration FRN, 732830
ICO Data Protection Registration reference: Z1161291  Company Registration No. 05998938  : Address:  Suit 20 The Wenta Business Centre, Innova Park, 1 Electric Avenue, Enfield, EN3 7XU