HMOs – houses of multiple occupancy – make an attractive prospect for investors wishing to become landlords, it’s a very efficient way of housing more tenants.

Presently the demand for affordable housing is on the increase and there is pressure on the housing market to supply economical and flexible living for different types of tenants.

Renting a room relieves some of the pressure on the housing market whilst giving affordability to potential tenants.

A home is classed as a house in multiple occupation (HMO) if there are least 3 tenants living there forming more than 1 household, and the tenants share toilets, bathroom or kitchen facilities with other tenants.

HMOs are very often converted Victorian terraced houses where the landlord converts living rooms, the loft and bedrooms into rooms to let.

HMOs are suitable for many tenant profiles ranging from social housing to professionals on the move. It’s safe to say that HMOs appeal to tenants who move around the country, are moving out of home for the first time or graduates at an early stage in their career, and of course they are perfect for student accommodation.

Please remember that all large HMOs (consisting of 5 tenants or more) need a licence from the local council.

Please contact us for a free, no obligation, initial consultation where we will discuss your needs and which types of properties you are interested in, so we can source the perfect place for you.