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Criteria wrap-up: HMOs and MUBs
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Criteria wrap-up: HMOs and MUBs
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Here's a wrap-up of our HMO and MUB criteria and how we can help your specialist customers to get life moving.
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Experienced applicants (Portfolio Landlords) and applicants with no previous experience (First Time Landlords) can be considered for HMOs and MUBs.
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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.
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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.
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A HMO Licence is required if deemed appropriate from the Local Authority.
Tenants can be on 1 AST or have their own AST.
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Basic Rate & SPVs - 125%
Higher Rate - 140%
There is no enhanced stress on MUBs or HMOs - up to 6 lettable rooms can be considered.
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Let's get life moving for you and your customers.
Take a look at our lending criteria or download our criteria guide:
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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
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