How to make sure your HMOs are fully compliant and adhere to all local regulations.
HMO Regulations and Licensing
HMO is a very lucrative investment strategy and it’s extremely popular for people who want to increase their savings, save for retirement or just boost their monthly cash flow. Although the regulations for HMO properties are quite straightforward, when it comes to the details of planning and licencing, it can become a little more complex.
If you have five or more tenants in your HMO then you’ll need to apply for mandatory licensing. This varies between local authorities. For instance, in Sheffield, it’s £750, Manchester £985 and in the London borough of Barking & Dagenham, it’s as much as £1,300.
Even if your HMO is smaller, ie three or more tenants, you could still be subject to selective licensing conditions. This type of licence tends to be less expensive (usually by around £200 but again, depending on the area).
How we can Help
At Sourced, we have over 70 years of experience in property and we have developed a franchise package that helps all professionals to succeed in the industry, without spending too much money and time.
We understands how complicated HMOs can be when it comes to planning and licensing regulations. This is why our training events are hosted by experts, with years of experience in planning and licensing, who will be there to give you the most up to date information and ensure your HMOs are fully compliant to the regulations of your council.
Ongoing Support
A HMO mentor to help you every step of the way
Due Diligence
Together, we assess and find the most profitable deals
HMO Leads
HMO deals 24 hours before our investors' database
Our Training Courses
Planning Course
This course will equip you with all the crucial knowledge you need about planning regulations. You will also have the chance to speak with other HMO investors, share your experiences and hurdles and get direct answers to all your questions.
HMO Licensing
HMOs with more than 5 rooms usually require a mandatory HMO licence. Smaller HMOs may also need to be licensed, depending on which local authority the property sits in.
During our full-day training course, you will learn everything you need to know about your council’s policies, HMO regulations and restrictions for Article 4 areas.
