What’s the difference between an HMO and a property that’s not an HMO?

HMO

What is an HMO? HMO The abbreviation stands for a House in Multiple Occupation. Several types of accommodation could fall under this definition. It does depend on how many people are living on the property and what the living arrangements are. As a rule, where there are three or more tenants in a property who make up more than one …

Is our housing market about to crash?

UK housing market market crash

Coronavirus UK – Will Our Housing Market Crash 2021? Until very recently, the UK housing market was at its strongest before the EU referendum. It is good to be optimistic; however, we must not delude ourselves to the reality of a pending financial crisis due to the Coronavirus. Few commentators, nevertheless, are making upbeat predictions for our housing market performance …

Is it worth being a landlord in 2021, is it still profitable?

Is it worth being a landlord in 2020?

Is being a landlord worth it Due to a raft of legislation in the last few years not forgetting some adverse tax changes for landlords, one does wonder being a landlord worth it. Due to Covid-19 and the massive government debt, landlords commercial and residential landlords can expect further taxes for the property investment sector. Suppose for every 200 tenants …

Key facts about tax for furnished holiday lettings owners

holiday letings tax

Tax for furnished holiday lettings   The ongoing British “staycation boom” is welcome news for furnished holiday lettings (FHL) property owners throughout the UK. Although international travel restrictions brought by the COVID-19 pandemic have been a key driver in 2021, the UK furnished holiday lettings market has shown strong, growing demand for years. That is expected to continue.  The UK furnished …

Tenant Eviction Process Course – Latest Tenant Eviction Process course 2021

Eviction Procedure Course - Tenant Eviction Procedure

Tenant Eviction Process Course This is an online eviction process landlord training course. Ideal for Landlords, letting agents and property managers. This course is now discounted to £60 and includes a certificate that can be downloaded upon successful completion of the course. Legal System There are two branches of law: Criminal law Civil law Criminal matters are dealt with in …

7 top tips how to evict a tenant quickly under Coronavirus

evict

Eviction process under COVID-19 Under Covid-19, the UK government has passed legislation hitherto to prevent landlords from evicting their tenants. First, we had the total ban on evictions in March this was again extended in August. Then the Government introduced extended eviction notice periods from 2 months for section 21 to 6 months’ notice period. For section 8 notice the …

Landlord Electrical Safety inspection report (EICR) 2021 Guide

Electrical Safety Standards in the Private Rented Sector (England) Regulations

What is an EICR? It is an abbreviation for an electrical installation condition report (EICR). The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force on 1 June 2020. It and applies to all tenancies created on or after that date in England from 1 July 2020. The regulation requires residential properties to have a …

What Is an HMO Property?

HMO

If you are a landlord looking to take on an HMO or a tenant moving into one, this bog may help you. What is an HMO property? What is an HMO property? is a common question many new investors ask. So, let us explore its meaning to its full extend so you have a better understanding. It is important to …

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