Blog

Why is HMO Insurance so difficult to get a quote for? Does it seem that the majority of insurers just turn you away and that there are hardly any insurers out there who will cover your bricks and mortar.

Goldcrest have worked hard over the years to get tailor made products in place to help with the cause for the HMO landlords insurance. We have a great scheme in place with an A rated insurer who cover all the needs of the landlords. If this scheme cannot compete for whatever reason then we have our back up companies who 99 % of the times come up trumps. Read More

Are you a landlord that lets to local housing allowance tenants and feel you are paying too much on your insurance?

When insuring let properties with DSS or LHA tenants whether it be standard let or HMO let, many providers look to double or increase dramatically the premiums they would offer for professional tenants, and many do not provide cover for this tenant type at all. Read More

What you need to know about HMO properties:

HMO (known more elaborately as Houses in multiple occupation or houses of multiple occupancy) is a term used in property which refers to residential properties in which “common areas” (such as kitchens and bathrooms) exist and are shared by more than one tenant. Read More

Owning an HMO has become an ever popular trend. Over the past couple of decades this way of letting a property has increased dramatically.  HMO landlords or landlords of homes of multiple occupancy have seen this way of renting to be a far more beneficial than just renting out to one family in a house.

Now houses are being converted in multiple rooms which is resulting in multiple tenants occupying each house, hence the name house of multiple occupancy.  The landlord now has in place multiple tenancy agreements instead of just one. Read More