Looking for HMO Mortgage in Sheffield? Then look no further.
We have whole of the market access allowing us to find our customers the best possible deal.
Sheffield's affordable property prices, paired with two large universities, have made it one of the strongest HMO and student letting markets in the country, keeping tenant demand high year-round. HMO lending in Sheffield requires a lender who understands local licensing requirements and the specific demand drivers behind the city's shared housing market.
At Raise the Bridge, we specialise in HMO mortgages across Sheffield and the surrounding area, so we understand exactly what's needed to get a mortgage application for a licensed HMO property approved.
Sheffield has an Article 4 Direction affecting HMOs.
Sheffield City Council has an Article 4 Direction, in force since 10 December 2011, covering a defined area of the city (not the whole city) — the council publishes a map of the exact boundary. Within that area, a planning application is required to convert a family home (Use Class C3) into a small HMO for 3–6 people (Use Class C4); outside it, no application is needed for that size of HMO. An HMO for 7 or more people always needs planning permission anywhere in the city. Within the Article 4 area, the council applies a policy likely to refuse conversions where 20% or more of dwellings within 200m are already HMOs.
Planning and licensing rules can change, and exact area boundaries matter — always confirm the current position for a specific property before relying on it.
Check the current position with Sheffield City Council
We offer a range of financing options tailored specifically for HMO investments, including acquisition loans and refinancing.
Our team of experienced professionals understands the nuances of the HMO market and can provide valuable insights and advice.
We know that time is of the essence when it comes to seizing investment opportunities. That's why we've streamlined our application process.
Upon approval, funds will be disbursed according to your financing requirements, allowing you to move forward with confidence.
HMO stands for House in Multiple Occupation — a property let to several tenants from more than one household who share facilities such as the kitchen or bathroom.
Lenders need more information about the property and usually require it to be fully licensed with the local council, which most standard buy-to-let lenders aren't set up to assess.
Licensing requirements vary by council and by how many people the property is let to — we can talk through what applies to your property before you apply.
You'll speak to an HMO mortgage adviser, complete a short application, and we submit it to our panel of UK lenders to find the most competitive rate for your property.
HMO mortgages arranged for investment purposes are typically unregulated. Raise Commercial Ltd is not authorised or regulated by the Financial Conduct Authority. We arrange unregulated commercial and investment property finance only.
