Get an online
HMO mortgage

See how much you could borrow
with a Decision in Principle in 2 minutes.
* Getting a DIP with Molo is free and will not affect your credit score

The simplest way to get a buy-to-let mortgage

Ditch the long waits and the endless paperwork.

Fast

Submit your Molo mortgage application in less than a day.

Easy

Access your fully digital application anytime, zero paperwork involved.

Smart

Bespoke technology and integrations ensure a simple and safe online process.

“Simply the best and most efficient service I have ever received from a lender, having been borrowing for the past 10 years.”
– Tal B, January 2021  

How it works

Here’s what you need to do to get your mortgage in minutes

Check your eligibility

Check your eligibility

Answer a few questions about you and what you think you'd like to borrow

Decision in Principle

Decision in Principle

We'll let you know whether we can lend to you and how much you can borrow

Property check

Property check

Tell us a bit about the property you'd like to buy

Choose your mortgage

Choose your mortgage

Select the mortgage that's right for you

ID verification

ID verification

Upload your ID and take a selfie so we can check you're you

Mortgage offer

Mortgage offer

If you and your chosen property meet our lending criteria, we'll agree your mortgage offer

Check your eligibility

Answer a few questions about you and what you think you'd like to borrow

Decision in Principle

We'll let you know whether we can lend to you and how much you can borrow

Property check

Tell us a bit about the property you'd like to buy

Choose your mortgage

Select the mortgage that's right for you

ID verification

Upload your ID and take a selfie so we can check you're you

Mortgage offer

If you and your chosen property meet our lending criteria, we'll agree your mortgage offer

Buy-to-let eligibility criteria

Check if you match our current criteria  and get started with a HMO mortgage with Molo:

Houses in Multiple Occupation (HMO)

We currently lend to HMOs with up to 8 tenants.

Buy-to-let mortgage or remortgage only

We don't yet offer residential mortgages or consumer buy-to-let.

No portfolio landlords

You must have less than 4 other mortgaged buy-to-let properties.

Property must be in England or Wales

We don’t yet provide mortgages for properties in Scotland or NI.

60% to 75% Loan to Value (LTV)

For HMO properties we can only lend up to 75% LTV.

In addition to ‘Individuals’ criteria:

Special Purpose Vehicles (SPV) limited companies only

Must be a Real Estate SPV registered within England or Wales.

The SIC code must be one of the following:

64305, 64910, 68100, 68209, 68310, 68320. No other SIC codes will be accepted.

Maximum of 4 directors or shareholders

Each director or shareholder must provide a full personal guarantee.

A HMO (house of multiple occupation) is a property that is rented out by 3 or more people who do not form a household (i.e. are not a family). Bathroom and kitchen facilities are shared between residents.

 

A large HMO is one where 5 or more people rent out the property. Large HMOs need to meet certain standards and obligations and require a license from the local council. For further information or to apply for this licence, visit the gov.uk website.

Molo is not a broker, we are a lender. With Molo, you can actually get a mortgage directly without having to interact with an intermediary who may charge you a separate fee.

We use industry leading technology to process our mortgages fully digitally. This leads to the most efficient and quickest way for you to get a mortgage offer on your buy-to-let property. 

 

A ‘Decision in Principle’ sometimes known as an ‘Agreement in Principle’ or a ‘Mortgage in Principle’, is a document that lenders provide which acts as confirmation that they are prepared to consider lending to an individual based on information the individual provided. 


A ‘Decision in Principle’ is useful to have as proof to an estate agent or seller that you can afford to buy the property. 

You only pay the interest on your mortgage each month, without repaying any of the capital loan itself. The idea is that you build up enough money to be able to pay off the mortgage at the end of the term in other ways – for example through investing in stocks and shares, pension endowment or the sale of this/another property.

Get your online Decision in Principle

90% of our Decisions in Principle are given in less than 2 minutes. It’s free and will not affect your credit score.