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News

Royal Greenwich introduces new licence for smaller HMOs

A licence for houses in multiple occupation (HMOs) is now required by most landlords in Royal Greenwich after a new scheme went live on 1 January 2024.
The additional HMO licensing scheme covers properties where three or more residents from different h…

Airbnb survey sparks legal warning for UK tenants and landlords

A survey by Airbnb, the online platform for short-term rentals, has revealed that most UK renters want to sub-let rooms in their homes to earn extra money.
However, a leading landlord law expert has warned that this practice is illegal and highly risk…

London HMOs: A rare and lucrative investment opportunity

If you are a landlord or investor looking for a high-yield property investment in London, you may want to consider buying a house in multiple occupation (HMO).
However, you may also face some difficulties in finding one, as a new study shows that Lond…

Unlicensed HMO’s for Asylum seekers?

Hi, Housing asylum seekers in hotels was a very unpopular move with the public. Now the Government have announced they will be moving them out to alternative accommodation. They can’t all be going to the Bibby Stockholm Barge, so where are they going?

Landbay cuts the rates on its buy to let products

Landlords looking to buy or remortgage properties can benefit from lower rates and more choices from Landbay.
That’s because the specialist buy to let lender has made more than 80 changes to its product range, including rate reductions of up to 0…

Government to end council tax on HMO rooms

Renters in shared housing could save up to £1,000 a year thanks to a campaign by the National Residential Landlords Association (NRLA).
The Government has announced it will reform the way council tax is applied to houses of multiple occupation (HMOs).

HMOs offer higher rental yields than other properties, research shows

Investing in houses in multiple occupation (HMOs) can be more profitable than non-HMO’s with landlords enjoying nearly DOUBLE the average yield, research reveals.
Octane Capital, a specialist property lending company, analysed the cost and return…

Precise Mortgages boosts its buy to let affordability options

Precise Mortgages has announced changes to its buy to let affordability criteria that could benefit personal ownership and limited company clients.
The lender, which is part of OSB Group, says it has simplified the minimum interest cover ratio (ICR) fo…

One Property two related families – HMO?

Hi everyone, I need some advice, please. I am in search of new tenants for a 3-bed house and have been approached by a tenant who says they are looking for a property for two related families. They have two brothers

HMO clarity within a ‘residential ‘lease’?

Hello,  I manage staff accommodation for our company and recently the company split and the original directors of the company went off and started a new company.
These directors own houses in which we have staff living in them.

Fire escape route in 3 storey HMO?

Hello, A tenant has filled a cupboard on a fire escape route with clothing etc… He refuses to move it, claiming poor mental health, shouting harassment and discrimination.
I find myself stuck between fulfilling my legal duties and being sued if I…

Government plan to remove HMO license rules for housing asylum seekers

Critics are lining up to condemn a government plan to remove the HMO licencing regulations for landlords who will house asylum seekers.
Housing and refugee charities have condemned the move as ‘shameful’ and an ‘assault on human right…

HMO dilemma?

Hello all, We have a 7 bed flat which will eventually be split in 2 small units. However, we have been approached by an individual who is keen to take the property on as an HMO.
They have a few currently and will become the licence holder.

How do I approach neighbours over a water leak?

Hello, I have a mini HMO next door to one of my BTL’s. When someone next door uses the shower a leak occurs in my property’s kitchen ceiling.
I have had the pipework in my property surveyed and all is OK.

Consultation on single banding HMO rooms – Levelling-up and Regeneration Bill

Please can Property118 post a request for interested landlords to respond to this consultation. The deadline is 31st March.
NC7 (New Clause 7) is Dame Caroline Dinenage’s amendment to the Levelling-up and Regeneration Bill and it will hurt tenant…

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