Article 4 Crack down: Latest 5 UK Cities restricting HMO Developments
HMOs are becoming harder to develop across the UK and whilst that may seem like a challenge for HMO landlords it does present opportunities and increased equity potential. Today we explore 5 cities in the UK that are cracking down on HMO developments. Let’s dive in. New Article 4 Limitations in Coventry Coventry’s local […]
The HMO Investment Blueprint: Top 10 Tips for Unbeatable Returns!
The realm of property investment is vast and varied, but one segment that has consistently caught the eye of savvy investors is Houses in Multiple Occupation (HMOs). These properties, distinguished by their ability to house multiple tenants under one roof, offer a compelling proposition for both seasoned property magnates and newcomers to the investment scene. […]
New Inspection Rules for HMOs in Solihull: A Comprehensive Overview
Houses in Multiple Occupation (HMOs) have long been a staple in the UK’s housing market, offering affordable accommodation to many. In Solihull, as in many parts of the country, HMOs play a pivotal role in providing housing solutions, especially for those who might find it challenging to rent an entire property on their own. However, […]
The Renters’ Reform Bill and its Impact on Students & Landlords in 2023
Introduction The Renters (Reform) Bill, which was published by the Government on May 17, 2023, aims to bring significant changes to the private rented sector (PRS). While the bill addresses various aspects of renting, this article will focus on its potential impact on students and landlords. Currently, student renting operates differently from the rest of […]
HMOs set for Council Tax Valuation Shake Up
HMO Council Tax Re-evaluation Consultation 2023 Following lobbying from many high profile landlords and property groups such as the National Landlord Association, the government launched a consultation on the re-evaluation of Council Tax on HMOs. There is currently disparity across the UK as to how HMOs are being assessed. A lot of HMOs are banded […]
Additional Licensing for York HMO Properties from 1st April 2023
After 2 rounds of consultations, the City of York council has announced that there will be an additional HMO Licensing scheme for HMOs (Houses in Multiple Occupation) with 3 or 4 tenants who form more than one household. Landlords with smaller HMO properties in the City of York will need to ensure that their properties […]
Student Market Report: A “Significant” Opportunity for Student Accommodation in the UK
A recent Investcorp report into Student Accommodation in the UK highlights a significant opportunity for investors. So we take a deep dive into the report to look at the salient points to help our customers in deciding whether you buy a student HMO or not. Here’s what we found. Top level, the report highlights […]
Levelling Up Council Tax on HMO Rooms: Will it be scrapped?
On 23rd November 2022 the Levelling Up and Regeneration Bill had some amendments made to it which were heard in Parliament. As part of the amendments there was a very large one indeed that gives more clarity, and assurance to both landlords and HMO tenants, that there won’t be council tax charged by the room. […]
Further Restrictions on HMOs in Leicester to be announced
HMOs in Leicester are set for further restrictions to be made on HMO developments across the city. Leicester first introduced Article 4 in some areas back in 2013 but following a consultation those restrictions are set to be widened. Leicester City Councillors are will vote on the decision on Friday 18th November 2022. The current […]
