Blog

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

Are you new to the HMO property industry?  Looking for some advice and help getting the most out of your investment?

It’s only natural for HMO landlords now a days to look for the most profitable way to let their property, and lately all arrows point towards converting the property into a Home of Multiple occupancy. Read More

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