News

Understanding the Proposal: Kent House Transition to HMO The conversion proposal for Kent House nursing home in Broadstairs outlines a shift from its current function of hosting up to 25 residents, predominantly elderly individuals and those living with dementia, to a 21-bed House in Multiple Occupation (HMO) (Alsos, 2023). This ambitious plan, set forth by Mr. Inderjeet Singh Toot of N & I Holdings...

Investing in property has long been a favoured route for those seeking to grow their wealth and secure financial stability. However, recent developments in the regulatory landscape, particularly in London, are setting new parameters for landlords, especially in the Houses in Multiple Occupation (HMOs) sector. Tighter regulations and licensing schemes are becoming a focal point, impacting existing and...

The UK's property market is seeing remarkable developments in 2024, marked by a steady rise in house prices and an increase in mortgage approvals. However, it's not all plain sailing, especially for first-time buyers. A closer look at the dynamics of house prices, regional variations, and interest rates can help property investors make informed decisions. Current Trends in House Price Growth The latest...

The Evolving HMO Market: Opportunities and Challenges The Houses in Multiple Occupation (HMO) market in the UK has experienced substantial changes recently, attracting increased interest from specialist lenders. This progressive shift has emerged as lenders become more open to providing investment valuations for properties tailored to HMO needs, extending even to those properties with as few as five...

With the burgeoning interest in property investments across the UK, the trend of first-time landlords venturing into the realm of Houses in Multiple Occupation (HMOs) is on the rise. The allure of HMOs largely stems from the promise of higher rental yields, averaging around 7.5%, which starkly contrasts with the conventional 3.63% yield associated with single-let properties (Property Investor Today, 2024)....