House Of Multiple Occupancy

House Of Multiple Occupancy

House Of Multiple Occupancy - House of multiple occupancy generally refers to a house which has more than two occupants who do not form a single household. As a result, a house in multiple occupation will generally exist when there are three or more occupants and at least one of these is unrelated to the others. However, the legislation is relatively complex and there are various other factors which may cause a property to be defined as a house in multiple occupation. If a residence is defined as a house of multiple occupancy, the owner may need a license from the local council. If you unsure whether your property is a house of multiple occupancy, please seek independent legal advice .

Some lenders may not provide financing for a house in of multiple occupancy and may even have more stringent requirements than legal house of multiple occupancy requirements. In addition, mortgage providers generally prefer professional landlords and may not be willing to lend to first time buyers in the case of a house in multiple occupation.

As a specialist house of multiple occupancy mortgage broker, we have substantial experience in arranging mortgages for owners of a house of multiple occupancy or buy to let property. We have access to niche lenders who offer house of multiple occupancy mortgages and may lend to non-professional lenders.

As a comprehensive panel of lenders house of multiple occupancy mortgage broker, we use a range of lenders for your house in multiple occupation needs. Our industry contacts allow us to source deals that may not be available on the High Street. In addition, we can present your application in the best possible light.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

To find the best house of multiple occupancy mortgage for your needs, call us today.

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