HMO guide launched by mortgage lender

Fleet Mortgages has introduced a guide for advisers and the property industry focused on Houses in Multiple Occupation (HMOs). The guide aims to assist mortgage advisers in supporting landlords interested in HMOs by explaining definitions, licensing requirements, Article 4 Directions, and planning permissions. It includes Fleet’s HMO lending criteria and practical examples.

Additionally, Fleet Mortgages has launched new five-year, fixed-rate mortgage products for HMO/multi-unit block borrowers, offering competitive rates. Steve Cox, the chief commercial officer, emphasized the guide’s role in simplifying complex regulatory details for advisers while highlighting HMOs as a high-yield investment opportunity. Fleet seeks to empower advisers with the confidence and expertise to better support their clients.