Property investors turn to HMOs to offset higher taxes
According to property finance company, Roma Finance, an increasing number of buy-to-let investors are converting properties to HMOs (Houses in Multiple Occupation) as a means of increasing rental income as tax increases start to bite.
The firm says that it funded more conversion cases of this type in 2016 than in any previous year. The main reason for the demand for this product is that HMOs have the potential to increase yield and provide a greater opportunity to rent more rooms in cities and towns with high populations of young professionals and students.
Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2017/1/more-buy-to-let-investors-seeking-hmos-to-offset-higher-taxes