Houses of Multiple Occupation are an area of growth for investors, with 43% of these landlords in acquisition mode. So what do landlords need to know about HMOs, and about the rules and regulations that govern them? We answer some the key questions here. What is an HMO? HMO stands for House in Multiple Occupation.
Top 10 tips for the day: Get there early Stand at the back Bring your ID Proof of address Some sort of payment method If buying in a company bring: proof of directorship and the incorporation certificate Know what your max bid will be and DON’T go over this If you are unable to make
Buying at auction Research…Research…Research The thrill of buying at auction can get you caught up in the moment but never forget to do your own due diligence as this is the most important factor when purchasing at auction and the one step that many forget. Few things to remember: You are committed: when the hammer
Auctions can be one of the best ways of buying property as long as you are prepared, informed and cautious. The auction market is absolutely HUGE and this is why it can be a huge opportunity for investors countrywide. Some tips: Sourcing properties at auction: Start by looking at your local auctions Register for the
Should you relax your no pet policy? Earlier this year, the Labour party revealed plans to change the law so that tenants will have the right to keep pets, as long as they don’t cause a nuisance. The trouble is that for landlords, pets traditionally spell, well, trouble… There’s the damage to furniture, fixtures and
Licencing schemes – more and more Local authorities(LA) are seeing these schemes up! How should landlords apply for a LA license? There are different types of licensing and each council has the option to widen the scope of a license. You can get an application form online from each individual council. Just remember what you
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