Blog

So, given that you’re on our website, you’re being very efficient and looking into the insurances for HMO properties – if you’re thinking of buying a HMO or converting your existing property into a HMO, sourcing the insurance is the easy part – as we take all the stress out of that for you, and obtain comprehensive immediate quotations.

Before your insurance, you’ll need to consider if you property requires a HMO licence.  You’ll need to contact your council for a licence to rent out your property as a house in multiple occupation (HMO) in England or Wales. Read More

Many insurance providers claim they can insure multi tenanted properties, more specifically HMO properties; however what they do to accommodate them on their schemes is quote them as bedsits!  By doing this you end up paying more than you would need to.

Bedsits are a higher risk for insurers than HMO’s, mainly due to the cooking exposure in the rooms, and also the short term in which the tenants are in the rooms for, as bedsits tend to be used on a very short term basis.    Whereas HMO’s generally have communal kitchen areas, which means only one area in which any cooking takes place reducing the potential fire risks of a bedsit, and in most cases are let on normal AST’s. Read More

Insurance for houses in multiple occupation … HMO  Insurance … Students… DSS tenants .. Homeless …. Unoccupied whilst building works take place … Mixture so tenant type … Shared facilities … Designated cooking areas ….

Now does this read well for insurers!   Are insurers going to look at the make up above and think, Great risks.   This will run well  let’s quote ! Read More

If you own a property with a number of rent-able rooms, we understand that it can be financially prudent or even more convenient to let the property to the local authority, housing association, local government or even a charity.

Rental agreements such as this are becoming ever more frequent in the HMO/multi let property market, and though it takes the strain and stress out of finding a tenant for each rent-able room, this stress is then passed on to finding an appropriate insurance policy for your property. Read More

Do you let your property on more than one tenancy agreement, and finding it hard to get the relevant/competitive insurance policy?

A lot of the time when you look for let property insurance, if you let your property to more than one tenancy agreement, you have to go out of your way to advise the relevant insurer, rather than being asked as part of protocol, which is where the complications arise. Read More

We recently launched our exclusive HMO property owner’s insurance scheme at the beginning of the year, underwritten by one of the largest insurers in the country, and the response has been phenomenal.

Over the last 24 months Goldcrest really increased its stature within the HMO Insurance market, and thought it prudent to team up with a reputable insurer to streamline all the business enquiries that come in. Read More