Category: HMO Property Insurance

(HMOs) have become a popular housing option in the UK, particularly in urban areas, due to their affordability and flexibility. HMOs are properties that are rented out to multiple tenants, often students or young professionals, who share common areas such as kitchens, bathrooms, and living rooms. As the demand for HMOs continues to grow, it’s important for landlords to understand the unique risks associated with this type of property and the need for specialised insurance coverage. Read More

So you’re thinking about investing in HMO properties?  But how do you buy HMO? This can be a very lucrative investment, but it’s important to know what you’re getting into. In this blog post, we will walk you through the process of buying and answer some of the most common questions people have about this type of investment. We’ll also discuss why HMO Insurance is so important. By the end of this post, you’ll know everything you need to make an informed decision about whether or not this is the right type of investment property for you. Read More

Properties that are let out to multiple people can bring in a greater yield and so many landlords and property investors and developers have actively sought out properties that can be let out in this way.

The difference between an HMO property and a Multi-Let Property is that a HMO requires a license and comes with a specific set of rules. Read More

If you have a property you can rent out you would probably want to gain a good return on investment. HMO (House in Multiple Occupation) properties is one thing you may which to consider if your property is located right by the city centre or near a university campus or teaching hospital.

When renting out each room of an HMO, your overall rental income will increase. But it’s not quite as easy as simply, letting out those rooms. You may need a license to operate and you will also need to maintain communal areas. However, it can still be a good option for landlords. Read More

Whether you’re a first-time investor entering the property market or an experienced developer or landlord looking to increase your revenue, you’ve likely come across the term “HMO investing” in your research. The big question is whether this type of investment remains profitable—and the short answer is yes!
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As you may know from April 1st 2018 the Government announced it had extended the licensing of HMOs to include all properties that has 5 or more people in two or more households, as opposed to previously where this only related to properties that were more than three storeys tall. Read More

Getting the correct HMO Insurance cover is more essential now than it has ever been before when taking out insurance for an HMO property. There are so many cheap options to buy online that look great but are littered with endorsements which will not insure you properly at point of claim. Read More

With many changes in HMO Legislation in the last 12 months, it’s no surprise that Landlords don’t know which way to turn. With  increasing stamp duty, changes in taxation and ever increasing regulations, being a landlord is becoming more of a minefield every day.  Having said that, HMO property can still be a good investment if you do your research, look after your property and tenants and understand those areas where cost savings can still be made. One such area where you can help to cut costs is by working with a specialist Insurance broker that really understands HMO Insurance and has access to all the best policies out there. Read More

So the last couple of weeks we have been writing a lot of business for the HMO insurance sector.

What has really caught my eye in the recent weeks is the increase on landlords handing over the control of their investment properties to management companies in exchange for guaranteed rental income over a contracted period, this period is usually over 12 months or more. Read More

HMO properties for sale are becoming more and more apparent as the canny investor realises the returns which can be made. An HMO property for sale will usually mean the house is already being run as a home of multiple occupation and therefore ready for a new landlord to takeover with the existing tenants inside. Read More