HMO Mortgage

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A mortgage for a house in multiple occupation, a property rented to several occupants who are not all part of the same household.

Related glossary terms

Bridging Loan

A short-term loan designed to provide temporary funding, usually until a property is sold, refinanced, or moved onto a longer-term mortgage.

Down Valuation

Occurs when a lender’s valuer assesses a property at less than the agreed purchase price, potentially affecting loan amounts and transactions.

Power of Attorney Purchase

A transaction where the buyer authorises another person, the attorney, to sign documents and act on their behalf.

Joint Tenants

Co-owners who each have equal rights to the whole property rather than separate defined shares, with survivorship features.