CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Fleet Mortgages produces guide to HMOs
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Fleet Mortgages produces guide to HMOs PDF Print E-mail
Tuesday, 31 May 2016
Fleet Mortgages, the buy-to-let and specialist lender, has today launched a new Guide to Houses in Multiple Occupation (HMO) for advisers and their clients. 

The Guide covers off a range of relevant questions on the HMO sector, and how it differs from standard buy-to-lets. Within the Guide it defines exactly what a HMO is, where a HMO licence is required, the advantages/disadvantages of investing in such properties, how a standard buy-to-let property can be converted to a HMO, and how Fleet Mortgages underwrites a HMO case.

Fleet Mortgages has a competitive range of products specifically designed for HMOs with up to six bedrooms.

These properties are assessed for rental on a room by room basis, and property value on a comparable evidence basis.

Products available for HMO properties include:

· 65% LTV: a two-year fixed rate at 3.99% and a lifetime tracker at 4.09% - both with a 2% fee.
· 75% LTV: a two-year fixed rate at 4.19%, a five-year fixed rate at 4.99%, and a lifetime tracker at 4.59% - all with a 2% fee.

Bob Young, Chief Executive Officer of Fleet Mortgages, commented: “As the ‘go to’ lender for professional landlords we are always looking to develop the resources we offer to advisers. Our goal is to help them and in turn, their clients, understand a particular section of the marketplace and Fleet Mortgages’ offering within it. This is why we have produced our HMO Guide to help them understand what constitutes a HMO property, how it differs to shared properties, for example, and to answer some FAQs around this section of the buy-to-let market. “HMOs are becoming an increasingly popular option for investors. Higher rental yields are achievable and mortgages for such properties more accessible in today’s market. It is therefore important for clients to understand the advantages, disadvantages and responsibilities associated with letting HMOs before making any decisions to purchase or convert a property.”
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197