This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Buy To Let Mortgage Hotline - Call 0117 403 4474

What is your mortgage for?

use mortgage calculator
 

1.19% APR

  • Fixed for 26 months
  • Overall cost for comparison 4.50%

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 26 months after then reverts to Platform's variable rate of 4.74%.

Call us on 0117 403 4222

1.64% APR

  • Fixed for 62 months
  • Overall cost for comparison 3.70% APR

Representative Example:

Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Tracker rate for 62 months after then reverts to the Lender's variable rate of 4.74%.

Call us on 0117 403 4222

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.19%
Rate type: Fixed 25 months
Monthly cost: £693.96 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.19% Fixed 25 months 4.4% APRC 65% £3,600 £693.96 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.19%
Rate type: Fixed 25 months
Monthly cost: £693.96 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.19% Fixed 25 months 4.4% APRC 65% £3,600 £693.96 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.23%
Rate type: Fixed 27 months
Monthly cost: £697.28 per month
Max LTV: 60%
Product fee: £1,795
Overall cost for comparison: 4.1% APRC
Barclays Mortgage logo 1.23% Fixed 27 months 4.1% APRC 60% £1,795 £697.28 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.24%
Rate type: Fixed 25 months
Monthly cost: £698.10 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.24% Fixed 25 months 4.4% APRC 65% £3,600 £250 cashback £698.10 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.24%
Rate type: Fixed 25 months
Monthly cost: £698.10 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.24% Fixed 25 months 4.4% APRC 65% £3,600 £250 cashback £698.10 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.24%
Rate type: Fixed 25 months
Monthly cost: £698.10 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.24% Fixed 25 months 4.4% APRC 65% £3,600 £698.10 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.24%
Rate type: Fixed 25 months
Monthly cost: £698.10 per month
Max LTV: 65%
Product fee: £3,600
Overall cost for comparison: 4.4% APRC
The Mortgage Works logo 1.24% Fixed 25 months 4.4% APRC 65% £3,600 £698.10 per month get quotes Call us0117 403 4474 More details Broker Only Deal
Initial rate: 1.25%
Rate type: Fixed 26 months
Monthly cost: £698.93 per month
Max LTV: 65%
Product fee: £1,999
Overall cost for comparison: 4.0% APRC
Coventry BS logo 1.25% Fixed 26 months 4.0% APRC 65% £1,999 £698.93 per month get quotes Call us0117 403 4474 More details
Initial rate: 1.25%
Rate type: Fixed 26 months
Monthly cost: £698.93 per month
Max LTV: 65%
Product fee: £1,999
Overall cost for comparison: 4.0% APRC
Godiva Mortgages logo 1.25% Fixed 26 months 4.0% APRC 65% £1,999 £698.93 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.25%
Rate type: Fixed 26 months
Monthly cost: £698.93 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.1% APRC
Santander logo 1.25% Fixed 26 months 3.1% APRC 60% £1,499 £698.93 per month get quotes Call us0117 403 4474 More details Broker Only Deal
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Buy to Let Mortgage Student HMO

Special features of what we offer include:

  • Whole of market service - We work with most UK lenders
  • Great rates! - Access to leading market mortgage rates
  • Exclusive deals - Access to exclusive loan deals not available on the high street
  • Fast turnaround - Speak to us today if you need to move quickly. We can access bridging loans and short term finance
  • Raising finance? - Looking to raise additional finance on top of your existing buy to let mortgage? - we have access to a range of finance solutions

What is a Buy to Let Mortgage Student HMO?

A popular way to utilise a property’s potential is to convert it into a HMO (housing of multiple occupations) and market it to student tenants. Many landlords may be attracted to having student tenants, as they are generally easy to find and they rarely stay for longer than a year or so, which means that landlords are not tied down to long term contracts.

An HMO is a property that is rented out to three or more people, who are not from the same household, but who share kitchen, toilet and bathroom facilities. HMO properties lend themselves perfectly to student buy to let properties, as landlords can charge rent per room and allows for higher returns than normal buy to lets.

An HMO with five or more tenants is classified as a “large HMO”. In order to have a large HMO, landlords will have to obtain a licence from their local council.

The types and availability of buy to let finance is likely to differ depending on whether or not your property needs a licence.

Buy to Let Mortgages for non-Licensed Student HMOs

It is possible to secure buy to let finance for an HMO, which does not require a licence, from a traditional lender.

However, deciding on the finance for a buy to let mortgage for a student HMO may depend on the project itself. It may not be the best course of action to simply walk into a bank and select the first buy to let mortgage you find. Taking time to review the different buy to let mortgages available could result in huge savings.

It may be beneficial to contact a mortgage broker, who can find the best rates and buy to let mortgage solutions for any set of circumstances.

Buy to Let Mortgages for Licensed Student HMOs

Finding a buy to let mortgage for a licensed student HMO may be tougher than a non-licensed student HMO. This is because not all lenders choose to lend money within this area.

Typically, lenders are more attracted to those who have experience and a portfolio of successful buy to let properties before providing the finance required.

Conversely, it is still possible to access buy to let mortgages for licensed student HMOs from specialist lenders, which is why it is advisable to seek advice from a specialist mortgage broker.

Tax Changes

If you want to rent out a HMO to students, it is important for you to familiarise yourself with the latest tax rules that govern buy to let properties.

From 2017, landlords will no longer be able to deduct all the expenditure derived from their buy to let properties when calculating their profits for the financial year. 

These tax rules do not affect limited companies and as such you may be tempted to set up your own ltd comapny for your buy to let property to circumvent the tax rules. If you are considering setting up your own limited company, it is important to review the associated costs before doing so. 

Regulation Changes

In addition to the new tax rules, if you want a buy to let mortgage for a student HMO, you should bear in mind the changes to how the buy to let mortgage market is regulated.

Under the new regulations, before a traditional lender can approve a mortgage, the landlord's entire portfolio will be reviewed. Landlords will have to satisfy lenders that all of their buy to let properties are profitable, which means that landlords can no longer spread equity across their whole portfolio. As a result, lenders will not grant a buy to let mortgage if the landlord’s properties are not profitable.

The new regulations impose that lenders must implement a stricter income stress test. In order to secure buy to let finance, landlords must show that they can afford the mortgage repayments in the event that interest rates increase to 5.5%.

Finally, lenders will also require landlords with student HMO properties to have a rental coverage ratio of at least 170%, as opposed to the standard 145% for regular properties.

Our Services

We work with the majority of UK lenders, and have access to exclusive buy to let mortgage deals for HMOs that are not available on the high street, which means we can make the process of finding a student HMO buy to let mortgage that bit easier.

To find more information about buy to let mortgages for student HMOs, why not call us today on 0117 403 4474, or fill in our online contact form to request a call-back for a free initial consultation with one of our advisors.

house icon

Call or Request Call Back from our Buy to Let Broker Team

Call us for a FREE initial conversation on 0117 403 4474 about your buy to let mortgage options or request a callback.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Buy to Let Mortgages