Mortgage guide
Are valuations regulated?
Yes, as long as the valuer is registered with RICS and this is the case with valuers that are instructed by Mortgage Lenders.
- Published
- 30 Mar 2026
- Last reviewed
- 11 Sep 2026
- Reading time
- 2 min
Are valuations regulated?
Yes, as long as the valuer is registered with RICS and this is the case with valuers that are instructed by Mortgage Lenders.
The Royal Institution of Chartered Surveyors (RICS)
RICS is a professional body that sets standards for the valuation, management, development of land, property, and construction. RICS members (chartered surveyors) are bound by its strict guidelines and ethical codes.
We are unable to give valuation advice at Mortgage Lane, so this page should only be used as a guide. We recommend borrowers looking for these valuation types to seek advice from a qualified, insured and regulated valuation company.
HMO calculator
HMO mortgage criteria
These wider product criteria provide context for this guide. The lender will assess your individual case.
| Criteria | Detail |
|---|---|
| Borrowers | Personal, Ltd co, LLP, Offshore Trusts |
| Repayment type | Interest only, repayment |
| Term | Up to 40 years |
| Experience | Not required |
| Max applicants | 6 |
| Valuations available | Market value 1 (MV1) Commercial valuation (yield based), Hybrid, or bricks and mortar. |
| Max rooms | None |
| Tenant types | Students, professionals, social housing, DSS |
| Locations | England, Wales, Scotland & Northern Ireland |
Published indicative terms for the wider product category are shown for context. They are not a quote for the specific circumstances discussed in this guide.
| Feature | Detail |
|---|---|
| LTV | 75% |
| Fixed Term | 5 Years |
| Rate | 5.69% |
| Product Fee | Nil |
| Valuation | Bricks and Mortar |
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Frequently asked questions
Are HMO valuations regulated?
Yes. Lender-instructed valuations are carried out by RICS-registered valuers, who are bound by RICS standards and ethical codes.
What does an HMO need for an MV1 valuation?
The property typically needs at least 5 bedrooms, en-suites to most or all rooms, adequate communal space, and a configuration not easily converted back to a family home. Properties of 6 to 7 bedrooms and above usually achieve the strongest uplifts.
What are the three HMO valuation methods?
HMO lenders use a commercial investment valuation (MV1) assessed on yield, a hybrid valuation combining comparables with an uplift for HMO adaptation on a Vacant Possession basis, or a standard residential comparable valuation.
Can I get a hybrid valuation on an 8-bed HMO?
Yes, and these products are usually much cheaper, but the method may not be appropriate. If the vendor is selling at a price based on a commercial valuation, obtaining the same valuation basis on the mortgage matters, because a hybrid valuation is less likely to reach the purchase price.
Is HMO bridging regulated?
HMO bridging is usually unregulated commercial lending, because the investor does not live in the property. Occupation or intended occupation by the borrower or a related person can change the position. The lender must check the borrower, land use and applicable exemptions.
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