HMO Finance Glossary
Property finance comes with its own language. HMO finance adds another layer.
Use this glossary to understand the mortgage, property, planning, licensing, valuation and ownership terms that may come up when you are buying, refinancing, converting or developing an HMO.
The definitions are written in plain English, with links to the parts of the website where each subject is explained in more detail.
Browse terms beginning with A. Select a term for a clear explanation and a relevant route.
A planning control used by some local authorities to remove specified permitted development rights within a defined area.
For an HMO transaction, this can affect whether planning permission is required for a proposed change of use. The position should be checked for the specific property rather than assumed from how it is currently advertised or occupied.
Explore HMO Finance in Article 4 AreasA fee charged by a lender for arranging the mortgage or finance facility.
It may be paid separately, deducted from the loan or added to the borrowing. Adding it to the loan can increase the amount on which interest is charged.
Explore HMO FinanceA form of residential tenancy commonly used in England.
The tenancy arrangement, number of agreements, occupants and shared facilities can help a lender understand how an HMO is operated. Tenancy law differs across the UK, so legal advice should be obtained where required.
Explore HMO Purchase MortgagesShort-term funding used to complete a property purchase within an auction deadline.
The finance needs to account for the legal commitment, deposit, property condition, works, total costs and intended repayment route.
Explore HMO Auction FinanceTry a broader search, or speak to us about the property or borrowing route in front of you.
You do not need to know the correct technical term before getting in touch.