X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • HMO & Multi-Lets

    HMO vs. Multi-let ... what’s the difference?

    What is the difference between HMO & Multilet? And would you have to inform the buy-to-let mortgage company if it’s only a multi let?

    0
    1

    Errr nothing. An HMO is where you have more than three people who are not one family sharing the property.

    This will encompass most "multi-let" scenarios.

    It is common to draw a distinction between properties that are let as an HMO on a single tenancy to a group who know each other and those which are let on a room by room basis to people selected individually by the landlord.

    However, both are HMOs and the mortgage company is entitled to be told about either.

    2
    0
    David Smith
    Landlord & Tenant Solicitor
    Anthony Gold Solicitors

    Find me on LinkedIn: uk.linkedin.com/in/dsnsmith

    All opinions are my own and do not reflect those of my firm. No comment made should be taken as legal advice and you should consult a solicitor or other legal professional for advice on your specific situation.

    The lender will probably be happier about an all-on-one-AST scenario rather than individual ASTs for each tenant.

    1
    0

    Whether non-licensable or licensable, both scenarios will also be subject to management regulations:


    0
    0

    In fact it is at least 3 tenants, so 3 or more and this (not allowed to post the link as I am on probation, so can admin reach out to me, I think it is useful and could debate it is in fact a credible source) seems to be a good source.  (appears to be a gov.uk website so should be a credible source)

    They distinguish between an HMO and a Large HMO (at least 5 tenants) with the later needing to be licensed. (plus a lot more I hazard a guess)

    Interested myself to understand this fully myself.

    Please let me know if what I posted was credible; I am new on here.


    Thanks

    David


    0
    0