Category: HMO Property Insurance

When buying an home of multiple occupancy or HMO property for the first time there are plenty of checks to make to protect yourself from council fines.

Firstly have you checked whether or not your property falls under the HMO umbrella. The easy way to do this, is to contact your local council and find out whether or not your property will clarify as an HMO and will therefore need an HMO licence. Read More

Insuring HMO properties should not be an issue if you come to a broker with a wealth of experience like Goldcrest.

Whats different about us is that we have been arrange insurance for HMO’s for years now. This means we do not waste clients time by pretending we know about their risk, but ask specific detailed questions so we can extract the right details from the off to enable us to give you the best possible quote on the market. Read More

With the number of students in the UK entering into higher education growing dramatically year on year, the demand for off-campus accommodation is exponentially expanding. This means that now more than ever the student market is becoming a lucrative and important one. Firstly student tenants are, on the whole, not as bad as their reputation states and secondly most students will look to rent a property for a minimum of 12 months, meaning there is less stress for you as a landlord finding new tenants. Additionally, it is worth noting that some insurance providers offer discounts if you rent to students. Read More

This year will see over 409,000 students enter the next stage of their lives… university. This is a 3% rise on the previous year, with the number of 18 year old’s attempting degree courses rising by 5%. Therefore as expected the demand for student housing has also risen, meaning that (according to the Mistoria Group) there has never been a better time to invest in quality student property for landlords. Read More

The rate at which rent rises has apparently slowed according to the latest results published in the Home Let Rental Index. According to the index (over the last three months) every region in the UK has been witness to a moderated pace of rent rises, this has slowed and has in fact retracted in some regions. Read More

A landlord in oxford has received fines of £4500 for renting out a House of Multiple Occupation (HMO) that was found to be in a state of disrepair and unlicensed.

After being prosecuted for running the HMO Jeffeth Junior Latchman appeared before the oxford magistrate’s court. Concerns over the living conditions at and the maintenance of the property were raised when one of the tenants contacted the city council which in turn became an official complaint. Read More

Many landlords are turning to HMO properties nowadays in order to maximize their return on their buy to let investments.

The reason is that many bog standard semi-detached properties you can turn into a 5 bed HMO with minimal fuss. This therefore means that instead of getting just one rental for the property you get 5 !!! Read More

Many providers out there claim to offer you the earth when it comes to insuring your properties – “we’ll match or better any rate” often gets branded about, this all sounds well and good until you take them up on your offer, get to the quotation stage and find out that because your property falls outside their “normal” requirements/criteria, this offer is not applicable to you, wasting your time and energy! Read More

If you’re a landlord with properties near universities or colleges to which you let to students, you are going to be looking for an insurance broker that specialises in landlords insurance for student lets.

In most cases Student lets are set up on a house of multiple occupation basis (HMO) so you’re going to need a policy which caters to multi-tenancy, and are you sure your current policy does? Read More

Have rental properties is a good substitute for a pension, in most cases it can be more fruitful also, if run well. A popular trend is rather than let the property to one tenant, is to instead let to multiple tenants, in other words, set the property up as a HMO.

Insuring a HMO is not as easy or straight forward as insuring a standard let property – most insurers do not like the additional tenant exposure and the increased fire risk; so you’ll need to contact a specialist intermediary who can broker the policies for you. Read More