A HMO is a multiple tenancy property which is rented to three or more people who are not all from the same family. The property will have a shared communal area with shared facilities such as a kitchen and bathroom.

There are many reasons why people want to invest in a HMO

1. Planning for a future pension

HMO’s can be an excellent opportunity to get long term monthly cashflow beginning immediately and own an asset which can later be sold or re-mortgaged to release equity. You may also benefit from capital growth over time.

2. Poor returns from the bank

If you have savings in the bank making very little interest, a HMO can be a great investment. They are often more profitable than other types of property investments, as there are several rental incomes within one household. They are therefore a great way to maximise rental yield and often exceed regular buy-to-let property yields.

3. Generational wealth

A HMO can be a great asset to pass down to your children through inheritance. This will provide them with the same benefits through monthly returns and equity.

4. Spreading risk

Rental void periods aren’t as significant in HMO’s, as income is still being received from other tenants who occupy the other let rooms. Additionally, the demand for affordable, flexible housing within busy cities or nearby suburbs is on the rise.

We are a dedicated team who are passionate about providing high quality homes for professionals and consistent returns for our clients.

Following extensive research, we have identified key localities within the UK where HMO’s thrive and are able to provide maximum yield. Within those areas we have developed strong community ties with local builders and management companies. This enables us to source, refurbish and let the best quality HMO’s, providing long term financial gains for our clients.

Finding and converting a property to a HMO can be extremely time consuming. That’s why we offer a complete hands-off service and do all the hard work for you, whilst you maintain complete control over your funds and investment.

Below is a step by step guide to how our service works.

1. We will identify a suitable property and can negotiate a purchase price on your behalf

2. We will liaise with our team of builders to obtain quotes for the refurbishment

3. Once the sale has been agreed, we can provide the details of solicitors and help to arrange surveys if necessary

4. Once your sale has completed, we will manage the full HMO refurbishment and ensure that the property is fully compliant with HMO regulations

5. We will keep you informed on the progress of the works with regular pictures and updates

6. Once the building works are complete, we will arrange for all the furniture and living items to be delivered and we’ll ensure that the property is dressed and ready for marketing and viewings

7. We will liaise with the management company so that the rooms are advertised at the point of completion

8. We will hand back a completed HMO ready to be let with a management company in place

To begin the process, or if you have any questions, simply contact us through our contact page and we can arrange an initial consultation