While bedsits and roommate arrangements have always existed, a number of cultural shifts are increasing the number of HMOs. This includes the increase of Monday to Friday renters in London and other urban centres and college students moving from dorms to shared houses. As a property owner, HMOs can be […]
Sourcing Deals for Serviced Accommodation Strategies
HMO vs Buy-to-Let investment: What are the main differences?
For all the (largely unwelcome) changes in the buy-to-let market of late, the fact still remains that the ancient law of supply and demand ensures that residential buy-to-let remains an attractive asset class and that even the Houses-in-Multiple-Occupation niche, which is particularly highly regulated, can be a solid option for […]
Buy to let changes for 2019
Are new HMO rules practically unenforceable on the ground?
Government plans to crack down on rogue landlords through the expansion of mandatory HMO licensing look set to fall short – according to new figures from Simple Landlords Insurance. The changes will not only leave most criminal landlords outside of the licensing system, but will increase the administrative and cost […]
Councils struggling to enforce government’s HMO legislation
Government plans to protect tenants from poor living conditions through the expansion of mandatory HMO licensing look set to fall way short of their ambition. Figures obtained by Simple Landlords Insurance reveal the majority of local authorities don’t know how many unlicensed HMOs are in their area – let alone […]
Finding Properties for HMOs – Part Two
Property Strategies 4: HMOs
New HMO rules and how these affect London landlords
New Government rules regarding HMO licensing will come into force in England, on October 1st, 2018. Jorden Abbs, director of operations at Commercial Trust Limited, discusses what the extended rules will mean for London’s buy to let landlords. What is an HMO? An HMO is a House of Multiple Occupancy. […]