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IMPORTANT: The last day of the 2024 / 2025 tax year is Saturday 5 April.
Our online and postal ISA applications for this tax year will close from 5pm on Friday 28 March until the morning of Monday 7 April. Find out full details and timings for opening and funding ISAs with us within the current tax year.
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Our new 1 Year Fixed Rate Bond (54) paying 4.60% AER on balances of £10,000+ is now on sale. Exclusively online only. Find out more here
5.64% HMO Ltd Co 2 Year Fixed Rate to 31/08/2027 (XF0998)
The mortgage will be secured on your property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Key things to bear in mind
- 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.
More downloads & what you'll need to apply
Identification
We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.
Bank statements
Buy to Let applicants are normally required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.
Proof of income
A copy of the existing / proposed tenancy agreement.
Other items
Applicants are required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.
Tenancy agreement
- For Remortgages, a copy of the existing / proposed tenancy agreement.
Background BTLs
- Evidence of rent being paid in and mortgage being paid out (bank statements may already cover this).
Evidence of deposit for purchases
- Evidence of deposit in a UK account held by the applicant(s)
- For gifted deposits, we require a signed gift letter from the giftor plus evidence of funds in a UK account and the giftors details (names, date of births, relationship to applicants).
Offset accounts
- Offset Saver application form.
Expat applications
- Applicants are required to provide a UK contact where the Society is able to serve notice regarding the mortgage. This can be a UK Solicitor or close family member in the UK.
Applicants with four or more mortgaged Buy to Let properties
- We will treat these applications as a portfolio landlord and we require details of their full portfolio and a business plan.
Over 125 years of helping people move in
For a long time we've been trusted to lend to a wide variety of people with a more small scale, personal approach as shown in our awards.
Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
...or ask the way that suits you.
Request a call back
We can call you back at a time that suits you.
Visit us in branch
Ashley Square, Epsom, Surrey, KT18 5DD.
View our FAQs
Your questions might be answered here.