HMO Investment – Why?
An HMO property is a “house of multiple occupants”, for example, the type you’d see commonplace with students.
Although HMO investment carries some risks that a simple BTL investment perhaps would not – there are numerous advantages that attract people to investing in HMO’s. For example:
- Rental yields are high.
- Fewer void periods – as if one tenant leaves, there are multiple occupants to cover the loss and keep providing a profit.
- The demand for shared living accommodation tends to remain strong against economic change and uncertainty, due to people looking for affordable rooms to rent.
We can help you access an HMO investment and guide you through the requirements to do so.
Many lenders will require 12 months of experience in renting properties; a minimum property value of £100,000; a maximum LTV of 75%; and an HMO license in place. Not to mention the insurance aspect which can be found in a previous post.
Looking for your next HMO investment? Contact the team today!
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Submit our online Client Enquiry Form or contact the team today on Tel: 0800 774 7045.