Search Results for: HMO income
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Regulation & Law
Upper Tribunal overturns landlord’s HMO penalty in ‘rack rent’ ruling
Judge rules landlord receiving less than two-thirds of HMO income was not legally in control of the property.
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Regulation & Law
Landlords deserting private rentals for asylum HMO contracts
HMO owners are increasingly opting for Home Office-backed deals that offer guaranteed income and reduced management responsibilities.
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Regulation & Law
Famous online estate agency fined £21,600 over unlicensed HMO
Hybrid estate agency and property owner prosecuted by Southend Council after pleading guilty to nine offences at unlicensed HMO.
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Rental market
CLAIM: HMOs are backbone of Britain’s rental market
Boss of property investment firm Mish Liyanage defends HMOs and says they offer a number of key benefits and should play a major part in the Government’s housing plans.
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Regulation & Law
Tax, regulation and stigma drive HMO exodus
Triple hit of tax threats, looming regulation and negative political coverage push HMO availability down 60% in worst-hit areas.
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Rental market
HMO operators make ‘twice as much’ as other landlords
The figures from a major BTL lender in part explain why so many towns and cities are seeing a rush of investment into HMO sector.
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Regulation & Law
Wales proceeds with HMO council tax changes despite ‘flawed’ consultation process
Government commits to single billing system following consultation that revealed unexpectedly high levels of opposition.
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Rental market
HMO rental yields have reached 12.5%, surprising research reveals
Despite some hefty upfront conversion costs, investment in an HMO can still make good financial sense, according to Excellion Capital.
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Regulation & Law
Big south coast council to limit HMO conversions via planning
Eastbourne is the latest council to reveal plans that will see landlords and agents required to get planning permission for HMO conversions via an Article 4 direction.
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Rental market
New analysis reveals true value of HMOs
HMO market in England & Wales is worth £78 billion and generates an annual rental income of £6.3 billion according to HMO platform COHO.
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