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  • Mortgages & Finance

    "Additional HMO" licenses restrict lending?

    We're looking to rent a house out to 4 sharers and were told that we don't need the full mandatory HMO license but we need to get an "additional HMO" license.  The "additional HMO" is required for up to 4 sharers whereas the mandatory HMO is needed for 5+ sharers.

    We will also be looking for remortgage this property in few months' time.  We're aware that mortgage lending to mandatory HMO properties is limited compared to other properties.  What we're not sure about is if the "additional HMO" license also restricts lending in the same way as the mandatory HMO license.

    Can any of the experienced mortgage brokers out there please advise?

    Many thanks

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