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The HMO Mortgage Broker
Bad Credit HMO Mortgages

Bad Credit HMO Mortgage Checker

See what the rent and your deposit could support, and what lenders typically look at

This shows the loan the rent and your deposit could support, and sets your credit history beside the criteria in our lender profiles. It is not a credit check or a lending decision; lenders weigh how recent and how large credit events were.

Your figures

The property

All rooms together, before costs

£122,500 of the value

Buying as
Credit history

How many, in total

Only used if you have CCJs or defaults

In the last 12 months

Bankruptcy or IVA

Your results

Loan the rent and deposit support
£227,500
Limited by your 35% deposit
Loan the rent supports
£567,273
Loan with a 35% deposit
£227,500
Rental cover at this loan
312%
Monthly interest at 5.5%
£1,043

What lenders typically look at

CCJs and defaults
None entered
Missed mortgage payments, last 12 months
None entered
Bankruptcy or IVA
No
Deposit
35%

On deposits, our bad credit HMO guide gives “Minimum 30-35% deposit” and lending up to 65% of the value.

You have entered no credit events. 16 of the 22 HMO mortgage lenders profiled on our site say they consider some adverse credit. Lenders weigh how recent and how large these were; a specialist can check which lenders consider your profile.

Typical specialist HMO lending criteria, not an offer or a lending decision. Each lender sets its own rental cover, stress rate and loan-to-value limits. Rental cover tested at 125% of interest at 5.5%; the monthly figure uses 5.5%. Adverse credit products often carry higher rates, which can lower the loan the rent supports.

Illustrative figures only, based on the numbers you enter. Not a mortgage offer.

How we calculate Bad Credit HMO Figures

Methodology and data sources, updated October 2026

Formulas

Loan the rent supports
(Monthly rent × 12) ÷ (Rental cover % ÷ 100) ÷ (Stress rate % ÷ 100)

The largest loan whose interest, at the stress rate, the rent covers by the required margin.

Loan with your deposit
Property value × (100 − Deposit %) ÷ 100

The loan your deposit leaves room for.

Loan the rent and deposit support
Lower of the two loans above

Whichever limit is lower sets the figure.

Monthly interest
Loan × 5.5% ÷ 12

Interest-only payment at a typical HMO pay rate.

What lenders typically look at
Your entries shown beside quoted lender criteria

We show the credit events you enter next to the time limits written in our lender profiles. We do not score your credit or say whether any lender would lend.

Data sources

  • Yes:Credit notes from our profiles of 22 HMO mortgage lenders (data/detailed-lenders.ts); 16 say they consider some adverse credit
  • Yes:Our bad credit HMO mortgage guide (data/products.ts) for the typical deposit and maximum loan to value
  • Yes:Typical specialist HMO lending criteria (rental cover, stress rate, pay rate), checked October 2026

Key assumptions

DepositOur bad credit guide quotes lending up to 65% of the value
35%
Rental cover, limited company
125%
Rental cover, higher-rate taxpayer
145%
Rental cover, basic-rate taxpayer
125%
Stress rateAdverse credit products often carry higher rates
5.5%
Credit eventsThey do not change the loan figure
Shown, not scored