Category: HMO Property Insurance

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

Acronyms are fine just so long as you know what they mean – the problem with HMO insurance (and the reason I had to clarify it) is that it sounds like something to do with Her Majesty . . .  and it isn’t, although I hope she’s got the right sort of HMO insurance on her multiple occupancy properties.

HMO insurance, or House in Multiple Occupation insurance is essential for many landlords and property letting companies, although many landlords don’t actually understand what it is and whether they need it. Read More

So your property is divided into bedsits and mainstream providers turning you away or quoting you ridiculous prices?

You may think on the back of this experience you are destined to pay over the odds for your buildings insurance – however you couldn’t be more wrong. Read More

If you have converted your property to let as either a HMO or as Bedsits, you will soon realise that insuring the property won’t be so straight forward.

The majority of insurers will not provide quotations for properties which are let on a house of multiple occupation basis nor provide quotations for properties divided into bedsits, directly to the public – for quotations of this kind, landlords will need to contact a broker. Luckily you’re on the right broker’s website. Read More

Do you currently live in a property which you are thinking of renting out?

Have you thought how to maximise your money from this property?

Well a lot of landlords are now turning their let properties into homes of multiple occupation, commonly known as HMO’s. Read More

If you’re letting out a property to tenants who aren’t related to one another, the property may be classed as a house in multiple occupation.

Many landlords and property developers alike appear to be jumping on the HMO bandwagon given the lure of receiving multiply rent payments per month.   If run correctly letting your property on a HMO basis can be very profitable, however it is imperative to understand the responsibilities that come with converting your property to that of a house of multiple occupation. Read More

It is anticipated that more than 1000 HMO applications will be sent in by the end of the year, after which a license will be needed for HMO’s in Bath. Landlords of Houses in Multiple Occupation (HMO’s) around Oldfield, Westmoreland, and parts of Widcombe will need an HMO license from the 01/01/2014. Read More

Insuring an HMO property is one of many procedures an HMO landlord has to do in order to get there property up and running.

Once you have converted all the rooms inside your HMO to regulation, the next step is to get your license. This doesn’t arrive free of charge, you have to approach your local council and pay for a license. There is a fee and the on top there is a fixed fee for each habitable room inside your HMO, which does not include your kitchen or bathroom or toilet or rooms that are too small i.e. utility rooms to be deemed habitable. Read More

Are you a HMO landlord, or an aspiring home of multiple occupation owner? Are you expecting various tenant types to occupy the property, such as DSS, Students, Guardians, recovering drug/drink addicts or even homeless people between hostels/housing? Or is your property a converted Hotel or Church; had subsidence or flooding history; or perhaps it’s a listed building? Read More