Mortgage guide
HMO Mortgage No Experience: detailed guide
Discover your HMO mortgage options, even for those without experience in property. Market leading interest rates.
- Published
- 30 Mar 2026
- Last reviewed
- 30 Mar 2026
- Reading time
- 2 min
Can I get an HMO mortgage on a 10-bed HMO without experience?
Yes, it is possible to get an HMO mortgage on a 10-bed HMO without experience, but it comes with certain conditions. Lenders typically offer higher lending rates for such high-risk investments. You can expect a Loan-to-Value (LTV) ratio of up to 75%.
Read more about Can I get an HMO mortgage on a 10-bed HMO without experience?
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
Can I get a HMO mortgage with no experience?
Some lenders will consider first-time HMO landlords, but options are limited. Higher deposits, strong personal income, or existing buy-to-let experience may be required to offset risk.
Do I need landlord experience to get an HMO mortgage?
Most HMO mortgage lenders prefer applicants who already have experience as a landlord. Some lenders will still consider first-time landlords for an HMO mortgage, though often on more restrictive terms. Landlord experience is typically assessed alongside the property's rental income and management plan.
Can I get a mortgage for an HMO with no licence?
It is possible for smaller HMOs in certain circumstances. Larger properties, typically those with 5 or more tenants, will almost certainly require a valid HMO licence.
Will I need experience for a large HMO mortgage?
No: a large HMO mortgage is available without experience. However, a commercial lender offering an MV1 valuation will usually want good experience or, in our experience, personal income of at least £50,000, and without either the lending may be against a bricks and mortar valuation, which can affect the exit.
Do I need HMO experience to mortgage a converted block?
Not always. Some lenders consider first-time HMO investors, usually with a larger deposit and a narrower choice of products. Above six units, more lenders ask for HMO experience or a higher personal income, so experience makes a bigger difference on larger converted blocks.
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