HMO - Multi Occupation Questions - LandlordZONE Forums

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HMO with rent to rent model (guaranteed rent scheme) agreement by robertsmith Started by robertsmith, 12-09-2018, 19:04 PM	5 responses 112 views 0 likes	Last Post by loanarranger 22-01-2019, 21:21 PM
Is this property is HMO or not?? by btlmidlands Started by btlmidlands, 21-01-2019, 17:25 PM	3 responses 49 views 0 likes	Last Post by loanarranger 22-01-2019, 06:58 AM
Resident landlord taking in a family as lodgers: does this create an HMO? by BueJay Started by BueJay, 19-01-2019, 14:25 PM	5 responses 63 views 0 likes	Last Post by jpkeates 20-01-2019, 10:18 AM
Is it standard for a single-room tenant to have a lockable (from outside) door? by skgtsox Started by skgtsox, 30-12-2018, 11:49 AM	7 responses 163 views 0 likes	Last Post by JamesHopeful 09-01-2019, 17:27 PM
Regarding buying a Mattress for an existing tenant by stuart123 Started by stuart123, 05-12-2018, 18:13 PM	11 responses 213 views 0 likes	Last Post by islandgirl 09-01-2019, 10:20 AM
Small HMO fire safety requirements? by Yb123 Started by Yb123, 04-01-2019, 19:40 PM	6 responses 97 views 0 likes	Last Post by jpkeates 08-01-2019, 10:03 AM
Do I need to upgrade the water mains when changing my house to a multiple HMO by mfoxplumbing Started by mfoxplumbing, 08-01-2019, 09:37 AM	0 responses 11 views 0 likes	Last Post by mfoxplumbing 08-01-2019, 09:37 AM
Sky in each room, a bit naive? by nickpan Started by nickpan, 06-01-2019, 17:40 PM	5 responses 99 views 0 likes	Last Post by theartfullodger 07-01-2019, 11:57 AM
Are local council HMO standards enforceable against non-licensable HMOs? by JamesHopeful Started by JamesHopeful, 23-09-2018, 18:39 PM	3 responses 191 views 0 likes	Last Post by DPT57 06-01-2019, 17:54 PM
Newbie to HMO - Please be gentle by Iceboy74 Started by Iceboy74, 17-12-2018, 19:26 PM	8 responses 155 views 0 likes	Last Post by mind the gap 28-12-2018, 22:21 PM

HMO with rent to rent model (guaranteed rent scheme) agreement

robertsmith

Hi

i have a property to let as a HMO, I received a rent to rent offer i was wondering what contract i should sign between me and the agent.

Robert...
- Channel: HMO - Multi Occupation Questions
12-09-2018, 19:04 PM
Reply to HMO with rent to rent model (guaranteed rent scheme) agreement

loanarranger

Much will depend on who the lender is to determine if what you have undertaken complies with the criteria and mortgage terms which you signed up to when the mortgage completed.
- Channel: HMO - Multi Occupation Questions
22-01-2019, 21:21 PM
Reply to HMO with rent to rent model (guaranteed rent scheme) agreement

amirulh

I suppose its down to individual experience, I've let 8 properties to this one company in Docklands, and they have been paying me on time every month since 2009. I have heard many people have a stigma towards them but its down to what you want. I wanted my property fully managed and that's what they...
- Channel: HMO - Multi Occupation Questions
22-01-2019, 15:33 PM
Is this property is HMO or not??

btlmidlands

Hi

I have 2 properties.

1st one has husband wife, their brother and their uncle total 4 people

2nd one has 4 separate friends .

On both properties they share full house and divide the rent between them.

Do I need a HMO Licence, please...
- Channel: HMO - Multi Occupation Questions
21-01-2019, 17:25 PM
Reply to Is this property is HMO or not??

loanarranger

It s easy to determine what the response would be from your lenders simply by. Checking their criteria on their web sites. If theLender states it does not accept HMO’s then you have no option but to Remortgage to another lender who does, failure to do this is regarded as a breach of your existing...
- Channel: HMO - Multi Occupation Questions
22-01-2019, 06:58 AM
Reply to Is this property is HMO or not??

btlmidlands

Thanks for the advice....
- Channel: HMO - Multi Occupation Questions
21-01-2019, 20:26 PM
Reply to Is this property is HMO or not??

theartfullodger

2nd is a HMO. Check with local council if you need licence (different councils, different rules). Even if no licence required, you need to comply with HMO regs (eg fire doors, management etc..)

What does EACH mortgage paperwork state about who you can rent to? Different lenders, different...
- Channel: HMO - Multi Occupation Questions
21-01-2019, 18:05 PM
Resident landlord taking in a family as lodgers: does this create an HMO?

BueJay

My first post, so please be gentle on me. Thanks for any pointers.

I am a single individual and was planning for a while to get a house, the mortgage on which I can afford on my own without any rental income. However, I was hoping not to live alone and hence wanted to buy a rather large...
- Channel: HMO - Multi Occupation Questions
19-01-2019, 14:25 PM
Reply to Resident landlord taking in a family as lodgers: does this create an HMO?

jpkeates

You should get a different mortgage broker.
That many people in two households is an HMO (and will now require licensing).

If your friend owned the property and took you in as a lodger, it wouldn't be an HMO....
- Channel: HMO - Multi Occupation Questions
20-01-2019, 10:18 AM
Reply to Resident landlord taking in a family as lodgers: does this create an HMO?

loanarranger

On the basis of what DPT57 has said , that would indeed complicate your proposition as the vast majority of lenders would noT accept even aN conventional Unregulated BTL from you as you are a First Time investor with absolutely no experience of such types of property.
- Channel: HMO - Multi Occupation Questions
20-01-2019, 08:26 AM

HMO - Multi Occupation Questions

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