Category: HMO Property Insurance

Our extremely large book of HMO businesses continues to grow. We are an active provider for all aspects of standard and non-standard let property insurance, for landlord/property owners up and down the country. So when the opportunity arose, Goldcrest decided it would be prudent to team up with HMO Safe to hold us in even better competition. Read More

Having an HMO (home of multiple occupancy) is becoming a popular trend.  10 years back it was no where near as popular as it is today.  Yes there is an HMO license you need to get from the council and regulations to adhere to like any other landlord, but the bottom line is a lot more favorable than a standard single family professional let.

There is one slipping point sometimes and that can be the insurance. HMO insurance or home of multiple occupancy insurance, is tough to find as a lot of underwriters do not like taking it on, as there is an increased risk of claims by so many individuals living in the home.  Read More

Having an HMO is becoming a popular trend. 10 years back it was nowhere near as popular as it is today. Yes there is an HMO license you need to get form the council and regulations to adhere to like any other landlord, but the bottom line is a lot more favorable than a standard single family professional let.

There is one slipping point sometimes and that can be the insurance. HMO insurance or home of multiple occupancy insurance, is tough to find as a lot of underwriters do not like taking it on, as there is an increased risk of claim by so many individuals living in the home. Read More

Calling all landlords looking to save some pennies on their landlords insurance, we have the policy just for you!

Are you looking for a cheap alternative to the standard policies?   A basic alternative insurance to speed up the exchange/completion or perhaps a policy that just covers the basics, as should any problems arrive you may not be well equipped to resolve the problem internally. Read More

An HMO landlord has been fined £40,000 !!!!   He has been found guilty of endangering the lives of tenants by letting out an unlicensed HMO consisting of 5 rooms.   Not only was this home of multiple occupancy unlicensed it was also in terrible condition.  It was an HMO in High Road, Ilford.

Amarjit Sanger 37 and ARJ Investments ltd were prosecuted at Snaresbrook Crown court on the 23rd of July 2013.  They pleaded guilty to 75 housing act offences and were fined £39,000. Read More

Many property owners these days look to maximise the income from their property, and one effective way to do this is turning the property into a HMO (Home of multiple occupancy/occupation) – the method is simple, divide the property into rooms to which you let out to tenants, and make facilities such as kitchens and bathrooms communal.

Houses in Multiple Occupations are great for landlords as there is more than one stream of income coming from the property and depending on the property size and regulations the returns can be very fruitful. Read More

Here’s the usual scenario – you’re a new landlord, you’ve just acquired the first property of your soon to be empire;  and to maximise your income you have decided to convert the property into a HMO let. Everything has gone swimmingly; license approved tenants ready and waiting, however there’s one stumbling block – getting the property insured.

Spending hours on the phone to various competitor insurance providers has proved fruitless, and you’re faced with the prospect of having your newly acquired asset being un-insured. Read More

Many brokers and insurers out there prefer to keep things simple, by taking only standard let properties, let to working professionals, and anything that falls outside this criteria it’s an immediate “NO”!  Goldcrest are different, we love all your unique and wonderful presentations.

At Goldcrest we cover a wide spectrum of Let Property insurance, whether it be single lets, blocks of flats, HMO properties, Commercial Let, as well as your tricky non-standard scenarios such as converted hotels, pubs etc. Read More

Do you own a House in Multiple Occupation?  Found it difficult to get relevant buildings insurance?   Rest assured – you’re in the right place now.

Undoubtedly the main problem you’ve found when acquiring a legitimate HMO insurance policy, is that you’ve rung various insurers or insurance providers who have, at the initial point of contact advised that “indeed” they will be able to provide you with a quotation for your property with the £ signs rolling in their eyes.  Read More

It is all the more common now for property owners and landlords alike to convert and let their property as a HMO.  Depending on which governing body or authority you associate with, HMO stands for Houses in Multiple Occupation or Houses of Multiple Occupancy – the terminology given to properties which are occupied by three or more people who do not live as a single household (such as people in a family relationship) and where they share one or more basic amenities, such as a bathroom, toilet, or cooking facilities. Read More