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 £130,000 . This represents a 65% LTV interest-only HMO mortgage.
The lowest current HMO mortgage rate is 3.07% with a 3.5% product fee. The lowest current HMO mortgage rate with no product fee is 4.74%. Rates checked 3 October 2026.
Showing 10 out of 573 matching HMO mortgage rates, correct as of 03/10/2026.
| Lender | Initial Rate | Rate Type | Max LTV | Fees | APRC | Monthly Payment | More Information |
|---|---|---|---|---|---|---|---|
| LenderRely Mortgages | Initial Rate 3.07% then 6.75% variable | Rate TypeFixed for 1 year | Max LTV65% | Fees3.5%Product Fee | APRC7% | Monthly Payment £332.58 Initial Monthly Payment | More InformationMore information |
| LenderThe Mortgage Works | Initial Rate 3.49% then 8.24% variable | Rate TypeFixed for 1 year | Max LTV75% | Fees2%Product Fee | APRC8.4% | Monthly Payment £378.08 Initial Monthly Payment | More InformationMore information |
| LenderRely Mortgages | Initial Rate 3.53% then 6.75% variable | Rate TypeFixed for 1 year | Max LTV65% | Fees3.5%Product Fee | APRC7.1% | Monthly Payment £382.42 Initial Monthly Payment | More InformationMore information |
| LenderRely Mortgages | Initial Rate 3.6% then 6.75% variable | Rate TypeFixed for 1 year | Max LTV65% | Fees3.5%Product Fee | APRC7.1% | Monthly Payment £390.00 Initial Monthly Payment | More InformationMore information |
| LenderCHL Mortgages | Initial Rate 3.7% then 8.74% variable | Rate TypeFixed for 2 years | Max LTV75% | Fees7%Product Fee | APRC9% | Monthly Payment £400.83 Initial Monthly Payment | More InformationMore information |
| LenderZephyr Homeloans | Initial Rate 3.74% then 8.9% variable | Rate TypeFixed for 2 years | Max LTV65% | Fees7%Product Fee | APRC9% | Monthly Payment £405.17 Initial Monthly Payment | More InformationMore information |
| LenderParagon Banking Group PLC | Initial Rate 3.75% then 7.35% variable | Rate TypeFixed for 2 years | Max LTV75% | Fees5%Product Fee | APRC7.4% | Monthly Payment £406.25 Initial Monthly Payment | More InformationMore information |
| LenderRely Mortgages | Initial Rate 3.76% then 6.75% variable | Rate TypeFixed for 1 year | Max LTV65% | Fees3.5%Product Fee | APRC7.1% | Monthly Payment £407.33 Initial Monthly Payment | More InformationMore information |
| LenderBM Solutions | Initial Rate 3.77% then 8.09% variable | Rate TypeFixed for 2 years | Max LTV75% | Fees3%Product Fee | APRC7.7% | Monthly Payment £408.42 Initial Monthly Payment | More InformationMore information |
| LenderThe Mortgage Works | Initial Rate 3.79% then 7.74% variable | Rate TypeFixed for 2 years | Max LTV65% | Fees3%Product Fee | APRC7.6% | Monthly Payment £410.58 Initial Monthly Payment | More InformationMore information |
Rely Mortgages BTL 1 Year Fixed 3.5% Fee HMO/MUFB (7+ Units) Limited Edition
Mortgage Summary
For the first 1 year the HMO mortgage rate is 3.07% giving you a monthly payment of £332.58 .
After your fixed rate ends, you will move to the Rely Mortgages standard variable rate which is currently 6.75% . This would give you a monthly repayment of £731.25 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £9,190.96 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00. |
|---|---|
| Booking Fee | £145.00 |
| Arrangement Fee | £4,550.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | £455.00 |
| Total Fees | £5,200.00 |
| Early Repayment Charge | 1 year |
Repayments
Initial Monthly Payment
£332.58
Ongoing Monthly Payment
£731.25
True Cost Over Initial Period
£9,190.96
Total Amount Repayable
£219,790.96
BTL 1 Year Fixed 3.5% Fee HMO/MUFB (7+ Units) Limited Edition - HMO Mortgage Details
Lender: Rely Mortgages
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.07%
Initial rate period: 1 year
Initial monthly payment: £332.58
Monthly payment after initial period: £731.25
Standard Variable Rate: 6.75%
Maximum LTV: 65%
Product fee: 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00.
Arrangement fee: £4,550.00
Booking fee: £145.00
Telegraphic transfer fee: £25.00
Valuation fee: £455.00
Total fees: £5,200.00
APR: 7%
Early repayment charge: 1 year
True cost over initial period: £9,190.96
True cost over full mortgage term: £219,790.96
The Mortgage Works Intermediary BTL 1 Year Fixed 2% Fee
Mortgage Summary
For the first 1 year the HMO mortgage rate is 3.49% giving you a monthly payment of £378.08 .
After your fixed rate ends, you will move to the The Mortgage Works standard variable rate which is currently 8.24% . This would give you a monthly repayment of £892.67 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £7,810.04 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 2.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £2,600.00. |
|---|---|
| Booking Fee | £0.00 |
| Arrangement Fee | £2,600.00 |
| Telegraphic Transfer Fee | £15.00 |
| Valuation Fee | £280.00 |
| Total Fees | £2,895.00 |
| Early Repayment Charge | 30-Nov-2027 |
Repayments
Initial Monthly Payment
£378.08
Ongoing Monthly Payment
£892.67
True Cost Over Initial Period
£7,810.04
Total Amount Repayable
£264,006.33
Intermediary BTL 1 Year Fixed 2% Fee - HMO Mortgage Details
Lender: The Mortgage Works
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.49%
Initial rate period: 1 year
Initial monthly payment: £378.08
Monthly payment after initial period: £892.67
Standard Variable Rate: 8.24%
Maximum LTV: 75%
Product fee: 2.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £2,600.00.
Arrangement fee: £2,600.00
Booking fee: £0.00
Telegraphic transfer fee: £15.00
Valuation fee: £280.00
Total fees: £2,895.00
APR: 8.4%
Early repayment charge: 30-Nov-2027
True cost over initial period: £7,810.04
True cost over full mortgage term: £264,006.33
Rely Mortgages BTL 1 Year Fixed 3.5% Fee HMO/MUFB Medium Portfolio (1-6 Units) Limited Edition
Mortgage Summary
For the first 1 year the HMO mortgage rate is 3.53% giving you a monthly payment of £382.42 .
After your fixed rate ends, you will move to the Rely Mortgages standard variable rate which is currently 6.75% . This would give you a monthly repayment of £731.25 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £9,789.04 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00. |
|---|---|
| Booking Fee | £145.00 |
| Arrangement Fee | £4,550.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | £455.00 |
| Total Fees | £5,200.00 |
| Early Repayment Charge | 1 year |
Repayments
Initial Monthly Payment
£382.42
Ongoing Monthly Payment
£731.25
True Cost Over Initial Period
£9,789.04
Total Amount Repayable
£220,389.04
BTL 1 Year Fixed 3.5% Fee HMO/MUFB Medium Portfolio (1-6 Units) Limited Edition - HMO Mortgage Details
Lender: Rely Mortgages
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.53%
Initial rate period: 1 year
Initial monthly payment: £382.42
Monthly payment after initial period: £731.25
Standard Variable Rate: 6.75%
Maximum LTV: 65%
Product fee: 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00.
Arrangement fee: £4,550.00
Booking fee: £145.00
Telegraphic transfer fee: £25.00
Valuation fee: £455.00
Total fees: £5,200.00
APR: 7.1%
Early repayment charge: 1 year
True cost over initial period: £9,789.04
True cost over full mortgage term: £220,389.04
Rely Mortgages BTL 1 Year Fixed 3.5% Fee HMO/MUFB Large Portfolio (1-4 Units) Limited Edition
Mortgage Summary
For the first 1 year the HMO mortgage rate is 3.6% giving you a monthly payment of £390.00 .
After your fixed rate ends, you will move to the Rely Mortgages standard variable rate which is currently 6.75% . This would give you a monthly repayment of £731.25 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £9,880.00 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00. |
|---|---|
| Booking Fee | £145.00 |
| Arrangement Fee | £4,550.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | £455.00 |
| Total Fees | £5,200.00 |
| Early Repayment Charge | 1 year |
Repayments
Initial Monthly Payment
£390.00
Ongoing Monthly Payment
£731.25
True Cost Over Initial Period
£9,880.00
Total Amount Repayable
£220,480.00
BTL 1 Year Fixed 3.5% Fee HMO/MUFB Large Portfolio (1-4 Units) Limited Edition - HMO Mortgage Details
Lender: Rely Mortgages
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.6%
Initial rate period: 1 year
Initial monthly payment: £390.00
Monthly payment after initial period: £731.25
Standard Variable Rate: 6.75%
Maximum LTV: 65%
Product fee: 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00.
Arrangement fee: £4,550.00
Booking fee: £145.00
Telegraphic transfer fee: £25.00
Valuation fee: £455.00
Total fees: £5,200.00
APR: 7.1%
Early repayment charge: 1 year
True cost over initial period: £9,880.00
True cost over full mortgage term: £220,480.00
CHL Mortgages CHL 1 BTL 2 Year Fixed 7.00% Fee Small HMO (INDIVIDUAL) Limited Edition
Mortgage Summary
For the first 2 years the HMO mortgage rate is 3.7% giving you a monthly payment of £400.83 .
After your fixed rate ends, you will move to the CHL Mortgages standard variable rate which is currently 8.74% . This would give you a monthly repayment of £946.83 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £19,544.92 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 7.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £9,100.00. |
|---|---|
| Booking Fee | £150.00 |
| Arrangement Fee | £9,100.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | £465.00 |
| Total Fees | £9,925.00 |
| Early Repayment Charge | 2 years |
Repayments
Initial Monthly Payment
£400.83
Ongoing Monthly Payment
£946.83
True Cost Over Initial Period
£19,544.92
Total Amount Repayable
£280,870.00
CHL 1 BTL 2 Year Fixed 7.00% Fee Small HMO (INDIVIDUAL) Limited Edition - HMO Mortgage Details
Lender: CHL Mortgages
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.7%
Initial rate period: 2 years
Initial monthly payment: £400.83
Monthly payment after initial period: £946.83
Standard Variable Rate: 8.74%
Maximum LTV: 75%
Product fee: 7.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £9,100.00.
Arrangement fee: £9,100.00
Booking fee: £150.00
Telegraphic transfer fee: £25.00
Valuation fee: £465.00
Total fees: £9,925.00
APR: 9%
Early repayment charge: 2 years
True cost over initial period: £19,544.92
True cost over full mortgage term: £280,870.00
Zephyr Homeloans BTL 2 Year Fixed 7% Fee HMO/MUFB EPC A-E
Mortgage Summary
For the first 2 years the HMO mortgage rate is 3.74% giving you a monthly payment of £405.17 .
After your fixed rate ends, you will move to the Zephyr Homeloans standard variable rate which is currently 8.9% . This would give you a monthly repayment of £964.17 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £19,389.08 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 7.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £9,100.00. |
|---|---|
| Booking Fee | £0.00 |
| Arrangement Fee | £9,100.00 |
| Telegraphic Transfer Fee | £30.00 |
| Valuation Fee | £480.00 |
| Total Fees | £9,665.00 |
| Early Repayment Charge | 2 years |
Repayments
Initial Monthly Payment
£405.17
Ongoing Monthly Payment
£964.17
True Cost Over Initial Period
£19,389.08
Total Amount Repayable
£285,500.00
BTL 2 Year Fixed 7% Fee HMO/MUFB EPC A-E - HMO Mortgage Details
Lender: Zephyr Homeloans
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.74%
Initial rate period: 2 years
Initial monthly payment: £405.17
Monthly payment after initial period: £964.17
Standard Variable Rate: 8.9%
Maximum LTV: 65%
Product fee: 7.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £9,100.00.
Arrangement fee: £9,100.00
Booking fee: £0.00
Telegraphic transfer fee: £30.00
Valuation fee: £480.00
Total fees: £9,665.00
APR: 9%
Early repayment charge: 2 years
True cost over initial period: £19,389.08
True cost over full mortgage term: £285,500.00
Paragon Banking Group PLC BTL SPV LTD Company 2 Year Fixed 5% Fee HMO / MUB £500 Cashback
Mortgage Summary
For the first 2 years the HMO mortgage rate is 3.75% giving you a monthly payment of £406.25 .
After your fixed rate ends, you will move to the Paragon Banking Group PLC standard variable rate which is currently 7.35% . This would give you a monthly repayment of £796.25 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £16,314.00 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 5.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £6,500.00. |
|---|---|
| Booking Fee | £299.00 |
| Arrangement Fee | £6,500.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | Free valuation |
| Total Fees | £7,064.00 |
| Early Repayment Charge | 2 years |
Repayments
Initial Monthly Payment
£406.25
Ongoing Monthly Payment
£796.25
True Cost Over Initial Period
£16,314.00
Total Amount Repayable
£236,079.00
Incentives
Cash Back
£500.00
BTL SPV LTD Company 2 Year Fixed 5% Fee HMO / MUB £500 Cashback - HMO Mortgage Details
Lender: Paragon Banking Group PLC
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.75%
Initial rate period: 2 years
Initial monthly payment: £406.25
Monthly payment after initial period: £796.25
Standard Variable Rate: 7.35%
Maximum LTV: 75%
Product fee: 5.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £6,500.00.
Arrangement fee: £6,500.00
Booking fee: £299.00
Telegraphic transfer fee: £25.00
Valuation fee: Free valuation
Total fees: £7,064.00
APR: 7.4%
Cashback: £500.00
Early repayment charge: 2 years
True cost over initial period: £16,314.00
True cost over full mortgage term: £236,079.00
Rely Mortgages BTL SPV LTD Company 1 Year Fixed 3.5% Fee HMO/MUFB Large Portfolio (7+ Units) Limited Edition
Mortgage Summary
For the first 1 year the HMO mortgage rate is 3.76% giving you a monthly payment of £407.33 .
After your fixed rate ends, you will move to the Rely Mortgages standard variable rate which is currently 6.75% . This would give you a monthly repayment of £731.25 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £10,087.96 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00. |
|---|---|
| Booking Fee | £145.00 |
| Arrangement Fee | £4,550.00 |
| Telegraphic Transfer Fee | £25.00 |
| Valuation Fee | £455.00 |
| Total Fees | £5,200.00 |
| Early Repayment Charge | 1 year |
Repayments
Initial Monthly Payment
£407.33
Ongoing Monthly Payment
£731.25
True Cost Over Initial Period
£10,087.96
Total Amount Repayable
£220,687.96
BTL SPV LTD Company 1 Year Fixed 3.5% Fee HMO/MUFB Large Portfolio (7+ Units) Limited Edition - HMO Mortgage Details
Lender: Rely Mortgages
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.76%
Initial rate period: 1 year
Initial monthly payment: £407.33
Monthly payment after initial period: £731.25
Standard Variable Rate: 6.75%
Maximum LTV: 65%
Product fee: 3.50% of the mortgage amount. Based on a mortgage of £130,000.00, this is £4,550.00.
Arrangement fee: £4,550.00
Booking fee: £145.00
Telegraphic transfer fee: £25.00
Valuation fee: £455.00
Total fees: £5,200.00
APR: 7.1%
Early repayment charge: 1 year
True cost over initial period: £10,087.96
True cost over full mortgage term: £220,687.96
BM Solutions Intermediary BTL A-B EPC 2 Year Fixed 3% Fee Purchase
Mortgage Summary
For the first 2 years the HMO mortgage rate is 3.77% giving you a monthly payment of £408.42 .
After your fixed rate ends, you will move to the BM Solutions standard variable rate which is currently 8.09% . This would give you a monthly repayment of £876.42 .
The maximum Loan to Value (LTV) is 75% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £14,618.92 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £3,900.00. |
|---|---|
| Booking Fee | £0.00 |
| Arrangement Fee | £3,900.00 |
| Telegraphic Transfer Fee | £0.00 |
| Valuation Fee | £100.00 |
| Total Fees | £4,000.00 |
| Early Repayment Charge | 31-Dec-2028 |
Repayments
Initial Monthly Payment
£408.42
Ongoing Monthly Payment
£876.42
True Cost Over Initial Period
£14,618.92
Total Amount Repayable
£254,758.00
Intermediary BTL A-B EPC 2 Year Fixed 3% Fee Purchase - HMO Mortgage Details
Lender: BM Solutions
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.77%
Initial rate period: 2 years
Initial monthly payment: £408.42
Monthly payment after initial period: £876.42
Standard Variable Rate: 8.09%
Maximum LTV: 75%
Product fee: 3.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £3,900.00.
Arrangement fee: £3,900.00
Booking fee: £0.00
Telegraphic transfer fee: £0.00
Valuation fee: £100.00
Total fees: £4,000.00
APR: 7.7%
Early repayment charge: 31-Dec-2028
True cost over initial period: £14,618.92
True cost over full mortgage term: £254,758.00
The Mortgage Works Intermediary BTL 2 Year Fixed 3% Fee
Mortgage Summary
For the first 2 years the HMO mortgage rate is 3.79% giving you a monthly payment of £410.58 .
After your fixed rate ends, you will move to the The Mortgage Works standard variable rate which is currently 7.74% . This would give you a monthly repayment of £838.50 .
The maximum Loan to Value (LTV) is 65% for this HMO mortgage. Your LTV is 65% based on the figures you have entered.
The true cost of this HMO mortgage over the initial period is £14,459.50 , this includes all fees and payments. This is a good way to compare mortgages of the same initial period.
Fee Breakdown
| Product Fee | 3.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £3,900.00. |
|---|---|
| Booking Fee | £0.00 |
| Arrangement Fee | £3,900.00 |
| Telegraphic Transfer Fee | £15.00 |
| Valuation Fee | £280.00 |
| Total Fees | £4,195.00 |
| Early Repayment Charge | 30-Nov-2028 |
Repayments
Initial Monthly Payment
£410.58
Ongoing Monthly Payment
£838.50
True Cost Over Initial Period
£14,459.50
Total Amount Repayable
£245,047.00
Intermediary BTL 2 Year Fixed 3% Fee - HMO Mortgage Details
Lender: The Mortgage Works
Mortgage type: HMO Buy to Let
Rate type: Fixed
Initial rate: 3.79%
Initial rate period: 2 years
Initial monthly payment: £410.58
Monthly payment after initial period: £838.50
Standard Variable Rate: 7.74%
Maximum LTV: 65%
Product fee: 3.00% of the mortgage amount. Based on a mortgage of £130,000.00, this is £3,900.00.
Arrangement fee: £3,900.00
Booking fee: £0.00
Telegraphic transfer fee: £15.00
Valuation fee: £280.00
Total fees: £4,195.00
APR: 7.6%
Early repayment charge: 30-Nov-2028
True cost over initial period: £14,459.50
True cost over full mortgage term: £245,047.00
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 £130,000 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.
HMO mortgage rates vary depending on the property, LTV, mortgage term and lender, and most importantly whether the property is a small HMO or large HMO. Our current HMO mortgage comparison shows the latest available rates across different LTVs and fixed-rate periods, including 2-year, 3-year and 5-year fixed mortgages for both small and large HMOs.
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.
