A interest only HMO mortgage is a type of HMO mortgage where the borrower pays back only the interest associated with the HMO mortgage on a monthly basis, but not the capital. The capital gets repaid when the loan is redeemed or the property is sold.
It’s straightforward to get a Interest Only HMO Mortgage. To make life easy we always recommend you speak to a good HMO mortgage broker as HMO mortgage lending changes on a weekly basis, and a broker will be able to provide you with the most up to date HMO mortgage options. Feel free to check out our partners section.
If you’d like to reduce your monthly payments, by only paying the interest (not the capital/principle), then this is the correct product type for you.
Products designed specifically for this purpose
Allowing you to only pay the interest and not the capital
Simple products with great benefits