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Student HMO
Definition
An HMO specifically designed and licensed for student accommodation, often with different management requirements and mortgage products.
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A student HMO mortgage is a loan for properties rented to multiple students, typically near universities or colleges.
Was this helpful?Student HMO mortgages usually have higher rates, stricter criteria, and may require larger deposits.
Was this helpful?Most lenders require a minimum 30% deposit for student HMOs, though some may accept 25% for experienced landlords.
Was this helpful?Requirements include proximity to universities, strong rental demand, adequate room sizes, safety compliance, and often a property management agreement.
Was this helpful?Student HMO mortgage rates typically range from 5.5% to 8.5%, higher than standard HMO mortgages due to seasonal rental patterns and increased management complexity.
Was this helpful?Student rentals are typically 9-10 months per year with summer voids. Lenders assess rental income based on the academic year and may require higher rental coverage ratios.
Was this helpful?Strategies include short-term summer lets, offering incentives for year-round tenancies, or targeting postgraduate students who may stay longer.
Was this helpful?Student HMOs require the same licensing as standard HMOs, but councils may have additional requirements for student accommodation, including fire safety and management standards.
Was this helpful?Apply through your local council with property details, floor plans, safety certificates, and management arrangements. Processing typically takes 8-12 weeks.
Was this helpful?Criteria include property location near universities, strong rental demand, adequate room sizes, safety compliance, and often landlord experience with student properties.
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