Interest from landlords in HMOs on the increase
Data from Mortgages for Businesses shows that landlords are increasingly favouring Houses in Multiple Occupation (HMOs) and more ‘complex property types’ when considering investment options. Such properties often provide higher yields then conventional houses and flats. 28% of landlords surveyed are now considering purchasing a HMO, up from 10% six months ago. In the same time frame the proportion of investors looking to purchase a vanilla property has fallen from 83% to 79%.
Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2016/6/landlords-favouring-hmos-to-benefit-from-higher-yields