HMO First Time Landlord

Our standard acceptability

Not Acceptable

Criteria definition:

Indicates if we can consider a Buy to Let application on an HMO property from a first time landlord.

Policy Notes:

Family Building Society can consider lending on 'Small Houses of Multiple Occupation (HMO)'. UK Landlords, Limited Companies and Expats can be considered. HMO first time landlords are not acceptable

Warning Notes:

  • A 'Small HMO' is a property with up to six occupants from more than one household in a maximum of four bedrooms
  • The occupants live together and share common facilities such as a bathroom, kitchen or toilet with one main access. Each tenant must have an individual AST agreement and the right to use shared parts of the property, or a joint AST agreement over the whole of the property will be acceptable
  • The property can be easily converted back into a single main dwelling (family home)
  • A borrower who has at least one existing Buy to Let property that they have maintained for at least 12 months
  • Not available for student lets and care homes

Criteria categories:
  • Applicant
  • hmo

Last updated:

07 November 2025

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