HMO Maximum Number of Storeys
Our standard acceptability
4
Criteria definition:
Indicates the maximum number of storeys permitted 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
Outside 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
- hmo
- Property
Last updated:
21 August 2018