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Criteria wrap-up: HMOs and MUBs

Here's a wrap-up of our HMO and MUB criteria and how we can help your specialist customers to get life moving.

Applicant Profile

Experienced applicants (Portfolio Landlords) and applicants with no previous experience (First Time Landlords) can be considered for HMOs and MUBs.

Minimum Valuation

Minimum valuation for MUBs: £175,000 for the freehold block in London and South East, £125,000 in all other regions.

Valued on a bricks and mortar basis and aggregated rental income on all units used for the loan.

Minimum valuation for HMOs: £100,000.

Number of Units/Bedrooms

MUBs can have up to 6 self-contained units on a single freehold title. Flats only, no mixed units.

HMOs with up to 6 bedrooms accepted.

HMOs must have adequate communal space to accommodate the number of tenants or rooms.

Licence Requirements

A HMO Licence is required if deemed appropriate from the Local Authority.

Tenants can be on 1 AST or have their own AST.

Rental Cover Rates

Basic Rate & SPVs - 125%

Higher Rate - 140%

There is no enhanced stress on MUBs or HMOs - up to 6 lettable rooms can be considered.

Let's get life moving for you and your customers.

Take a look at our lending criteria or download our criteria guide:

Got a question?

V-Hub has the answer!

Get in touch with the V-Hub, where you can speak directly to an Underwriter.

Call: 03300 246 246

email: v-hub@vidahomeloans.co.uk