Tagged: HMO

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...




Mandatory licensing of HMO’s set to change

Mandatory licensing of HMO’s set to change

Currently, the mandatory regime applies to shared rental homes of three or more storeys occupied by five or more people who do not form a single household.  From next year however this will be extended...




Number of housing prosecutions in Newham council far exceeds all other London boroughs put together

Number of housing prosecutions in Newham council far exceeds all other London boroughs put together

London Property Licensing, a property consultancy specialising in licensing regimes for privately-let properties, says there have been 580 housing prosecutions in London under the Housing Act 2004 in the three years to March 2014. The...




Number of young professionals opting for HMOs on the rise

Number of young professionals opting for HMOs on the rise

‘Hutching up’, whereby several individuals share accommodation has traditionally been a London phenomenon due to the fact that rents in the area are prohibitively high. It appears however that this trend is on the...




Are you risking heavy fines by operating an HMO without the correct licence?

Are you risking heavy fines by operating an HMO without the correct licence?

Licensing for all HMOs was introduced from October 2000 to try and improve standards in the sector, in terms of both physical accommodation and the management of tenancy issues. However, many landlords are risking...