How to organise finance for houses in multiple occupation (HMOs) – Brooklands
Is a property you own an HMO? It probably is if there are 3 or more unrelated people living there as at least 2 separate households and they share basic amenities (Kitchen & Bathroom). HMOs range from houses split into separate bedsits to shared accommodation for students. When determining an HMO project location, look at the target market, transport links and supply and demand situation. In terms of finance you need to think about gross yield vs net yield and ask yourself is your broker FCA regulated, a full member of the NACFB and an experienced HMO landlord? Use our helpful guide to investigate the best way to secure finance for an HMO.
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