Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable from 6pm until 12am on Wednesday 7 May. Our Online Service will also be unavailable between 5.30pm on Friday 9 May until 9am on Monday 12 May. We apologise for any inconvenience this may cause.

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House in Multiple Occupation (HMO)

We also offer HMO Limited Company Buy to Let mortgages for properties with up to four bedrooms and a maximum of six tenants.

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

 

 

Are you a professional landlord looking to purchase or remortgage a HMO? At Family Building Society, we offer Limited Company Buy to Let mortgages designed specifically for landlords managing small HMOs.

Our HMO mortgage products provide financing for properties with:

  • Up to four bedrooms
  • A maximum of six tenants.

Key information

  • This product is only available for Limited Company Buy to Let mortgages
  • This product is not available for student lets or care homes
  • Maximum Loan to Value (LTV): 70%.

Whether you're expanding your property portfolio or refinancing an existing HMO, our mortgage solutions provide the flexibility and support you need.

 

Take a look at our current range of mortgage products below.

 

Who can apply?

You can apply if you are aged 18 or over.

How do I apply?

  • Step 1 - Start by contacting our New Business Team on 03330 140140 or by using the Call Me Back form. They’ll go over some basic information with you including how much you would like to borrow and what for. They’ll need to know about your income and outgoings to make sure you can afford the mortgage and they’ll check that the mortgage meets our lending criteria
  • Step 2 – After our New Business Team have reviewed your circumstances, they’ll refer you to our Mortgage Advice Team who will go through your circumstances in detail and recommend a suitable product. This advice is free of charge from our in-house team, or you can choose to use your own adviser (they might charge you for this)
  • Step 3 – Submit your application along with any supporting documents (there is a list of what’s required on our application form) and the £175 Application Fee along with any valuation fee which may apply. There will be further fees associated with the product selected
  • Step 4 – Once the application has been assessed a valuation will be carried and then it will be underwritten and we will provide you with a Mortgage Offer. A copy of this will also be given to your nominated Solicitor who will contact you with some forms to be completed
  • Step 5 – Once your nominated Solicitor has carried out the necessary searches and received the forms back from you we can arrange to send you the funds (this is called “completion”).

 

Any questions?

If you have any questions and are unsure what mortgage product would be suitable for you, you can arrange an appointment or speak to a New Business Representative. You can get in touch in the following ways: 

Email us Call us on 03330 140140 Request a call back

We class a small HMO, as defined by local authority licensing requirements, to be a property with four bedrooms, up to six occupants from different households, sharing common facilities such as a bathroom, kitchen, or toilet, with a single main access to the property. These properties can be easily converted back into a single main dwelling (family home).
Our HMO mortgages are only available to Limited Company SPVs. The SPV must have owned and maintained a Buy to Let property for a minimum period of 12 months.

The property must be let on an Assured Shorthold Tenancy (AST) basis in England, and on a Standard Occupation Contract in Wales. Each of the tenants must have an individual AST agreement and the right to use shared parts of the property, or a joint tenancy agreement over the whole property.

This product is not available for student lets and care homes.
Yes, at least one of the directors and/or shareholders must have 12 months experience as a landlord (either in personal names, or whilst the director/shareholder of a Limited Company.

When you submit your application there is a £175 Application Fee. There will be further costs associated with the application which will be explained to you when you contact our New Business Team and also by our Mortgage Advice team.

Usually between 12 and 16 weeks.

Yes, It will depend upon the specific product selected and the value of your property. This fee is paid upon application with the Application Fee.

Our current interest rates can be found below.

  • Application fee if applicable
  • Product fee if applicable
  • Valuation fee if applicable
  • Legal fees payable to your solicitor firm 
We do not offer advice and recommendation on our Buy to Let products. If you require advice, please contact an FCA authorised mortgage intermediary.


Our mortgage products available for House in Multiple Occupation (HMO)

Filter:
Sort:
Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

5.64% HMO Ltd Co 2 Year Fixed Rate to 31/08/2027 (XF0998)
5.64% 8.69% 8.5%APRC
  • Interest-Only
  • Repayment
 70% 1.00%~

Some key features of this mortgage

  • Purpose - HMO Limited Company Buy to Let applications for Purchase and Remortgage
  • Loan to Value - Maximum 70%
  • Fixed Rate end date - 31/08/2027
  • Application fee - £175 + Valuation Fee
  • Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
  • ~Product Fee - 1% of the loan amount, subject to a minimum of £1,000
  • ^Cashback - £0
  • Early Repayment Charges - 2% until 31/08/2026, 1% until 31/08/2027
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • Minimum Loan - £45,000 for Purchase and Remortgage
  • Cost for comparison - 8.5% APRC
  • Additional criteria - The company must be a Special Purpose Vehicle (SPV) registered in England and Wales under either of the following Standard Industry Classification (SIC) Codes:68100, 68209 or 68320.

HMO Specific Criteria

  • Properties with four, or fewer, lettable bedrooms with a maximum of six occupants will be considered
  • The SPV must have owned and maintained a Buy to Let property for a minimum period of 12 months in either personal name or whilst the director/shareholder of a Limited Company
  • Not available for student lets and care homes.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

5.69% HMO Ltd Co 5 Year Fixed Rate to 30/09/2030 (XF0999)
5.69% 8.69% 7.8%APRC
  • Interest-Only
  • Repayment
 70% 1.00%~

Some key features of this mortgage

  • Purpose - HMO Limited Company Buy to Let applications for Purchase and Remortgage
  • Loan to Value - Maximum 70%
  • Fixed Rate end date - 30/09/2030
  • Application fee - £175 + Valuation Fee
  • Valuation Fees (Purchase and Remortgage) - The HMO valuation fee scale applies, less £330 discount
  • ~Product Fee - 1% of the loan amount, subject to a minimum of £1,000
  • ^Cashback - £0
  • Early Repayment Charges - 5% until 30/09/2026, 4% until 30/09/2027, 3% until 30/09/2028, 2% until 30/09/2029, 1% until 30/09/2030
  • Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
  • Minimum Loan - £45,000 for Purchase and Remortgage
  • Cost for comparison - 7.8% APRC
  • Additional criteria - The company must be a Special Purpose Vehicle (SPV) registered in England and Wales under either of the following Standard Industry Classification (SIC) Codes:68100, 68209 or 68320.

HMO Specific Criteria

  • Properties with four, or fewer, lettable bedrooms with a maximum of six occupants will be considered
  • The SPV must have owned and maintained a Buy to Let property for a minimum period of 12 months in either personal name or whilst the director/shareholder of a Limited Company
  • Not available for student lets and care homes.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

Comparing two mortgage products

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Note that products are subject to additional terms and subject to change. See a product's full details to find out more.