HOUSING OF MULTIPLE OCCUPATION (HMO)
A house in multiple occupation (HMO) is a property rented out by at least 3 people who are not from 1 ‘household’ (for example a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’.
If you want to rent out your property as a house in multiple occupation in England or Wales you must contact your council to check if you need a licence.
You must have a licence if you’re renting out a large HMO in England or Wales. Your property is defined as a large HMO if all off the following apply:
- It is rented to 5 or more people who form more than 1 household
- Some or all tenants share toilet, bathroom or kitchen facilities
- At least 1 tenant pays rent (or their employer pays it for them)
As with most buy to let options expert guidance is recommended.
We can offer:
- Fee free, friendly one-hour consultation and no-obligation quotes
- Access to exclusive rates, with unbiased advice tailored to your needs
- Cheaper mainstream lenders for up to 4 tenants
- Competitive licenced HMO products