House of Multiple Occupation (HMO's)

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially accept Buy to Let applications on Houses of Multiple Occupation (HMOs)

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. 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 (the Limited Company) 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:
  • hmo
  • Property

Last updated:

21 August 2018