Fleet Mortgages has revamped its product range for those purchasing or remortgaging houses of multiple occupation (HMOs).

Milliard Homes submitted the case via The Commercial Mortgage Practice after it fell through with another lender.

Confidence is high among HMO landlords as the ongoing housing shortage sees demand strengthen for managed house shares.

One of the letting companies involved has been prevented from declaring insolvency to avoid paying the financial penalty.

The specialist lender's buy-to-let brand, 'Solutions by Foundation' is aiming its latest products at landlords with properties which are slightly more complex than a normal HMO.

Properties occupied by five or more people who are not all related and use it as their main home must have a mandatory HMO license.

The percentage of buy-to-let business taken up by houses in multiple occupation is steadily growing, as more landlords look to diversify their portfolios.

The agents will now be listed on the Greater London Authority Rogue Landlord and Agent Checker database, following an investigation.

The buy-to-let brand of Foundation Home Loans has strengthened its support for first-time landlords with the launch of two new HMO products.

To date, a total of 46 fines amounting to over £250,000.00 have been issued to landlords who have failed to license their houses in multiple occupation.