Our Best HMO buy to let mortgage rates tables are updated daily for the latest HMO mortgage rates available online. The buy to let mortgages below are the lowest HMO Buy to Let mortgages in the market with early redemption penalties. If you have any questions about the buy to let mortgage & remortgage schemes below contact our advisers for no obligation guidance .
Current HMO mortgage rates based on a property value of £200,000 and a mortgage of £120,000.
HMO mortgage rates are typically around 0.3% to 1% higher than standard or small HMO buy-to-let mortgage rates, although the difference can vary between lenders and individual mortgage products.
HMO mortgage rates can be higher because lenders may consider HMO properties more complex to assess and manage than standard buy-to-let properties. Rates change regularly, so the difference can vary as the mortgage market changes.
For the first 2 years the HMO mortgage rate is 3.05% (until 19/08/2028) giving you a monthly payment of £305.00 .
After the initial rate ends, the mortgage moves to the CHL Mortgages standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £16,545.00 , including fees and mortgage payments.
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Initial rate: 3.05%
Initial rate period: 19/08/2028
Initial monthly payment: £305.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 75%
Arrangement fee: £8,400.00
Valuation fee: £465.00
Total fees: £9,225.00
APR: 8.8%
Early repayment charge applies until: 2 years
True cost over initial period: £16,545.00
True cost over full mortgage term: £257,769.00
For the first 2 years the HMO mortgage rate is 3.19% (until 19/08/2028) giving you a monthly payment of £319.00 .
After the initial rate ends, the mortgage moves to the CHL Mortgages standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £16,881.00 , including fees and mortgage payments.
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Initial rate: 3.19%
Initial rate period: 19/08/2028
Initial monthly payment: £319.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 65%
Arrangement fee: £8,400.00
Valuation fee: £465.00
Total fees: £9,225.00
APR: 8.8%
Early repayment charge applies until: 2 years
True cost over initial period: £16,881.00
True cost over full mortgage term: £258,105.00
For the first 1 year the HMO mortgage rate is 3.24% (until 30/09/2027) giving you a monthly payment of £324.00 .
After the initial rate ends, the mortgage moves to the The Mortgage Works standard variable rate, currently 8.24% . This would give you a monthly repayment of £824.00 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £6,907.00 , including fees and mortgage payments.
Lender: The Mortgage Works
Mortgage type: HMO Buy to Let
Initial rate: 3.24%
Initial rate period: 30/09/2027
Initial monthly payment: £324.00
Monthly payment after initial period: £824.00
Standard Variable Rate: 8.24%
Maximum LTV: 75%
Arrangement fee: £2,400.00
Valuation fee: £280.00
Total fees: £2,695.00
APR: 8.3%
Early repayment charge applies until: 30-Sep-2027
True cost over initial period: £6,907.00
True cost over full mortgage term: £243,395.00
For the first 2 years the HMO mortgage rate is 3.29% (until 19/08/2028) giving you a monthly payment of £329.00 .
After the initial rate ends, the mortgage moves to the CHL Mortgages standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £17,121.00 , including fees and mortgage payments.
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Initial rate: 3.29%
Initial rate period: 19/08/2028
Initial monthly payment: £329.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 65%
Arrangement fee: £8,400.00
Valuation fee: £465.00
Total fees: £9,225.00
APR: 8.9%
Early repayment charge applies until: 2 years
True cost over initial period: £17,121.00
True cost over full mortgage term: £258,345.00
For the first 2 years the HMO mortgage rate is 3.34% (until 19/08/2028) giving you a monthly payment of £334.00 .
After the initial rate ends, the mortgage moves to the Zephyr Homeloans standard variable rate, currently 8.9% . This would give you a monthly repayment of £890.00 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £16,981.00 , including fees and mortgage payments.
Lender: Zephyr Homeloans
Mortgage type: HMO Buy to Let
Initial rate: 3.34%
Initial rate period: 19/08/2028
Initial monthly payment: £334.00
Monthly payment after initial period: £890.00
Standard Variable Rate: 8.9%
Maximum LTV: 65%
Arrangement fee: £8,400.00
Valuation fee: £480.00
Total fees: £8,965.00
APR: 9%
Early repayment charge applies until: 2 years
True cost over initial period: £16,981.00
True cost over full mortgage term: £262,621.00
For the first 2 years the HMO mortgage rate is 3.35% (until 19/08/2028) giving you a monthly payment of £335.00 .
After the initial rate ends, the mortgage moves to the CHL Mortgages standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £17,265.00 , including fees and mortgage payments.
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Initial rate: 3.35%
Initial rate period: 19/08/2028
Initial monthly payment: £335.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 75%
Arrangement fee: £8,400.00
Valuation fee: £465.00
Total fees: £9,225.00
APR: 8.9%
Early repayment charge applies until: 2 years
True cost over initial period: £17,265.00
True cost over full mortgage term: £258,489.00
For the first 2 years the HMO mortgage rate is 3.4% (until 19/08/2028) giving you a monthly payment of £340.00 .
After the initial rate ends, the mortgage moves to the CHL Mortgages standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £16,920.00 , including fees and mortgage payments.
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Initial rate: 3.4%
Initial rate period: 19/08/2028
Initial monthly payment: £340.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 75%
Arrangement fee: £8,400.00
Valuation fee: £0.00
Total fees: £8,760.00
APR: 8.9%
Early repayment charge applies until: 2 years
True cost over initial period: £16,920.00
True cost over full mortgage term: £258,144.00
For the first 2 years the HMO mortgage rate is 3.44% (until 30/09/2028) giving you a monthly payment of £344.00 .
After the initial rate ends, the mortgage moves to the The Mortgage Works standard variable rate, currently 7.74% . This would give you a monthly repayment of £774.00 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £12,495.00 , including fees and mortgage payments.
Lender: The Mortgage Works
Mortgage type: HMO Buy to Let
Initial rate: 3.44%
Initial rate period: 30/09/2028
Initial monthly payment: £344.00
Monthly payment after initial period: £774.00
Standard Variable Rate: 7.74%
Maximum LTV: 65%
Arrangement fee: £3,600.00
Valuation fee: £280.00
Total fees: £3,895.00
APR: 7.5%
Early repayment charge applies until: 30-Sep-2028
True cost over initial period: £12,495.00
True cost over full mortgage term: £225,345.00
For the first 2 years the HMO mortgage rate is 3.44% (until 19/08/2028) giving you a monthly payment of £344.00 .
After the initial rate ends, the mortgage moves to the Keystone standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 70% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £17,635.00 , including fees and mortgage payments.
Lender: Keystone
Mortgage type: HMO Buy to Let
Initial rate: 3.44%
Initial rate period: 19/08/2028
Initial monthly payment: £344.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 70%
Arrangement fee: £8,400.00
Valuation fee: £610.00
Total fees: £9,379.00
APR: 8.9%
Early repayment charge applies until: 2 years
True cost over initial period: £17,635.00
True cost over full mortgage term: £258,859.00
For the first 2 years the HMO mortgage rate is 3.44% (until 19/08/2028) giving you a monthly payment of £344.00 .
After the initial rate ends, the mortgage moves to the Keystone standard variable rate, currently 8.74% . This would give you a monthly repayment of £874.00 .
The maximum Loan to Value (LTV) is 70% for this HMO mortgage. The LTV used for this comparison is 60% .
The true cost of this HMO mortgage over the initial period is £17,635.00 , including fees and mortgage payments.
Lender: Keystone
Mortgage type: HMO Buy to Let
Initial rate: 3.44%
Initial rate period: 19/08/2028
Initial monthly payment: £344.00
Monthly payment after initial period: £874.00
Standard Variable Rate: 8.74%
Maximum LTV: 70%
Arrangement fee: £8,400.00
Valuation fee: £610.00
Total fees: £9,379.00
APR: 9%
Early repayment charge applies until: 2 years
True cost over initial period: £17,635.00
True cost over full mortgage term: £258,859.00
Typical lenders offering small HMO mortgages include The Mortgage Works, BM Solutions, Kensington, The Mortgage Lender, Paragon and Aldermore. Lender criteria and availability can vary depending on the mortgage market and individual circumstances.
A small HMO will typically allow a maximum of five unrelated tenants. All tenants would normally need to be party to the tenancy agreement. Individual lender criteria can vary, so the exact definition of a small HMO may differ between lenders.
Larger HMO properties can be available from specialist and mainstream buy-to-let lenders. The lenders offering the most competitive large HMO mortgage rates can vary depending on the number of bedrooms, number of tenants, property type, rental income, experience and the overall application.
Your home may be repossessed if you do not keep up repayments on your mortgage
The APRC quoted is representative and for example purposes, it is based on a £200,000 property with a £120,000 loan over 25 years equating to 300 monthly payments. Best buys are based on the Go Direct representative whole of market panel of lenders.
Compare today's lowest HMO mortgage rates, then speak to one of our experienced advisors. We search a wide range of lenders and in most cases our advice is completely fee free. This is dependent on your circumstances such as complex cases or debt consolidation. Our typical fee would be £399.
Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority
The above information does not contain all the details you need to choose a mortgage. Please consult a qualified advisor before undertaking any borrowing/these calculations are for illustration purposes only and may not reflect the true cost of repayment.
An HMO Buy to Let mortgage is designed for landlords purchasing a property to rent to multiple tenants, typically three or more who are not from the same households.
Some lenders offer HMO Buy to Let mortgages with a 15% deposit, equivalent to 85% loan-to-value (LTV). The maximum LTV availability depends on the lender, property type and your individual circumstances.
Based on our current mortgage rate data from 2026, HMO mortgage rates are typically around 0.3% to 1% higher than standard or small HMO buy-to-let mortgage rates, although the difference can vary between lenders and products. HMO rates can be higher because lenders may consider HMO properties more complex to assess and manage. Rates change regularly, so the difference may vary as the mortgage market changes.
Large HMO mortgages are generally more specialist than small HMO mortgages, and fewer lenders may be available as the number of bedrooms or tenants increases. The lenders currently offering some of the most competitive large HMO mortgage rates include Paragon, The Mortgage Works, BM Solutions, Aldermore, The Mortgage Lender and Kensington. However, the most competitive lender can vary depending on the mortgage market, number of bedrooms and tenants, loan-to-value (LTV), rental income, property type, landlord experience and your personal circumstances. Lender rates and criteria can change, so it is important to compare the latest available products before applying.
For mortgage lending purposes, a small HMO will typically have a maximum of five unrelated tenants, with all tenants party to the tenancy agreement. The tenants will normally share facilities such as a kitchen or bathroom. Lender criteria can vary, and planning and licensing requirements may also differ depending on the property and local authority.
The lenders currently offering some of the most competitive small HMO mortgage rates include The Mortgage Works, BM Solutions, Kensington, The Mortgage Lender, Paragon and Aldermore. However, the most competitive lender can vary depending on the mortgage market, the property, loan-to-value (LTV), rental income, landlord experience and your personal circumstances. Lender rates and criteria can also change, so it is important to compare the latest available products before applying.
