And finally, there are multi-lets. Every lender will have a slightly different definition of what they’ll lend on: some will allow a certain number of unrelated occupants if they’re all on the same tenancy agreement, some will allow separate agreements but insist that bedroom doors don’t have key-operated locks, others will go up to a certain number of rooms but not beyond… it’s complicated. By the time you get into the realm of licensed HMOs with more than five bedrooms, you’re looking at a few specialist lenders only.
