Multi-Let Where A HMO Licence is NOT Required
MULTI-LETS CAN ACHIEVE STANDARD BUY TO LET RATES. CALL: 01603 340 644
What is the difference between a multi-let and a HMO mortgage?
Multi-Let mortgages are the same as a HMO; however, the local authority does not require a HMO license or planning permission. Typically, up to 6 tenants on a single agreement, or 5 on individual agreements, can achieve standard Buy To Let mortgage products. But this is very criteria specific, with very few mortgage lenders who will lend where the property is let to 4 tenants.
Contact us to discuss the current best mortgage rates for Multi-Let without HMO properties, taking in to account all the facts.