How to create a profitable HMO portfolio

Houses of Multiple Occupancy (HMO’s) as a Buy to Let Investment

Buying a property suitable for multiple occupancy or buying and converting a house to multiple occupancy can offer a great way to increase your rental yield and spread the risk across more tenants.

It is most suited to older properties that are generally larger (with larger rooms) and located in major towns and cities. Victorian semis or town houses often work best as they have at least two reception rooms and are spacious though conversion costs are likely to be higher for an HMO than a single household property. HMO’s are also a suitable investment for student letting (Student Accommodation).

This article from Just Landlords offers some useful advice – click here

Need a fixed cost conveyancing quote for your next HMO property? Whether it’s for an investment or you’re simply moving house, use our quick and simple Quote Engine.

Increase in Stamp Duty on second homes makes Landlords look for cheaper properties

Landlords in the UK are looking for cheaper properties in response to the new 3% stamp duty charge on additional homes, according to the latest lettings index to be published.

Average price paid by investors in April fell by 8.3% month on month, from £194,000 to 178,000 and London saw the biggest change in behaviour with landlords buying homes costing 16.4% less than the previous month.

Read the full article here.

Need a fixed cost conveyancing quote for your next property? Whether it’s for an investment or you’re simply moving house, use our quick and simple Quote Engine.

New Build

Landlords return to property market

Activity in the buy-to-let property market is slowly rising following changes to stamp duty land tax (SLDT), according to research by Paragon Mortgages.

A survey of more than 1,000 landlords found that while buy-to-let activity remained subdued in Q1 2016, landlords are slowly returning to the property market.

Findings show:

  • 19% of landlords say they expect to purchase a property in the coming year, up from 17% in Q4 2015.
  • 16% say they want to sell a property, down from 19% in Q4 2015.
  • 39% of landlords reported an increase in tenant demand, up from 34% in the previous quarter.

Read the full article here

Need a quote for the conveyancing costs on your new property or looking to re-mortgage? Get a quote here

Average house prices in British seaside towns up over 30% in 10 years

House prices have increased by 32% across British seaside towns over the past decade, amounting to £440 per month, according to the latest research.
The annual Halifax Seaside Town Review revealed average house prices have grown from £166,565 in 2006 to £219,386 in 2016, equivalent to an average increase of £440 per month.