An HMO Mortgage application is treated much the same as a standard mortgage with regards to lenders assessing applications.
Lenders must have proof of identification and address for each applicant. Also, if the application is for the purchase of a property they will require suitable proof of where the deposit has come from to fulfil anti-money laundering guidelines.
The majority also require proof of income from applicants to ensure that there is money available to pay the mortgage should there be a period of rental voids.
Read on below to find out more or fill in the form to talk to an expert.