What is selective licensing & does it affect your property? In simple terms, selective licensing is a regime of conditions and requirements applied to properties in a specific area that is enforced by local authorities. This regime must be satisfied in order to be able to let out a property. It is important to note …
5 Ways to Boost Your Property’s Insulation for Winter According to AXA, approximately £1 for every £4 spent on heating a home in Britain is lost due to insufficient insulation, meaning that it takes longer to heat a property, and is more expensive, and the heat is retained for less time. Properties with poor insulation …
How to Identify Wear and Tear in a Rental Property During a tenancy, wear and tear of common areas, furniture, and appliances is par for the course. But how can wear and tear, and damage (accidental or intentional), be identified? Knowing the difference between wear and tear and damaged property can make the difference between …
Make your room to let as attractive as possible for long-term renters. Here are 7 ways to attract more tenants to your HMO property. 1 – High-speed internet For the majority of tenants, a strong internet connection is a basic necessity, so having a property with a poor internet connection, or none at all, will …
Have questions about obtaining an HMO licence? Use this guide to learn more about HMO property, and when licensing is required. What is an HMO? A House in Multiple Occupation, or HMO, refers to a shared property rented by at least 3 people, from more than one household, that share facilities such as kitchens, bathrooms, …
Follow these necessary steps in order to ensure that your HMO property is legally compliant and ready for renting out. 1 – Licensing. Before anything else, you must contact your local authority, and check whether you must obtain an HMO licence. If licensing is necessary – find out exactly what you need to do to …
A never-ending stream of new tenancies is every landlord’s nightmare, so it is in their best interest to attract more long-term tenants. HMO property has become a lot more viable and popular as a longer-term housing option in the eyes of tenants, as well as an attractive investment for landlords, so here are 4 ways …
What happened in the HMO property market in Q1 2023? Data from SpareRoom, the room rental platform, revealed that rents across the HMO market had reached an all-time high in Q4 2022, in addition, the UK average room rent increased 13% year-on-year. Supply & Demand The demand for rental properties peaked between summer and autumn …
Unlocking Potential: Why Landlords Should Consider Converting Their Buy-to-Let into a House in Multiple Occupation (HMO) As the rental market continues to evolve, landlords are constantly seeking ways to maximise their returns and adapt to changing tenant demands. With sky-high interest rates and profits quickly declining many are asking themselves whether it’s best just to …
Furnishing an HMO (House in Multiple Occupation) is not required by law, but it is highly advisable for landlords to fully furnish their HMO property. Here’s a guide for the furnishings and fittings that an HMO landlord should supply: Unlike single lets, where the majority of landlords prefer to let out their property unfurnished, many …
How to Furnish an HMO Property for the Highest Returns Read More »