HMO Maximum LTV

Our standard acceptability

70

Criteria definition:

Indicates the maximum LTV we can consider for Buy to Let applications on HMO properties

Policy Notes:

Family Building Society can consider lending on 'Small Houses of Multiple Occupation (HMO)'. This Mortgage is aimed at Limited Company SPV landlords, only

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
The property can be easily converted back into a single main dwelling (family home)
A borrower (the Limited Company) who has at least one existing Buy to Let property that they have maintained for at least 12 months

Criteria categories:
  • hmo
  • Property

Last updated:

29 August 2018

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