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    Introduction and advice please

    Unfortunately that's not correct. An HMO is more than 2 unrelated people sharing, 5 or more becomes a mandatory licenseable HMO, so therefore it must have a licence. Smaller HMOs may require a licence dependent on local council legislation. All HMOs must comply with The Management of Houses in Multiple Occupation (England) Regulations 2006. There are also planning regulations to consider.

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    Ah, yes, I just checked on the birmingham city council website. I missed that important bit of information! Thank you. So, it does need to meet HMO regulations but does not require a license? Many thanks

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    Hi infinite_nigma,

    You can obtain a mortgage for a trading company rather than a specific Limited company for property, but the lenders you can access are more limited as they will also be taking into consideration the type of trade the company is already involved with, as well it's previous trading history plus there is a consideration for lenders that if the business for any reason had a difficult year in terms of sales/trading the business may then choose not to make the mortgage payments. Many lenders prefer a more straightforward transaction with a Limited company set up for the specific task, allowing any calculations to be based purely on the rental income and the directors standing. When you combine a trading company mortgage with a first time landlord and a HMO it may be difficult to find the right lender.

    If you would like me to look into your options in detail I will need some personal information relating to income and credit standing. please feel free to DM or call on my mobile 07581 794922 and I'll be happy to help.



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    Jenny Reeves

    Property Tribes Financial services

    You can contact me via Direct Message, or 07581 794922 or call the team on 01206 654444 for personalised quote and advice


    As Garry says - 2 or more unrelated = HMO. We used to let to properties up to 5 people but not 3 storey as 'multi lets', but the rules have changed since then, so a lot more comes under the HMO umbrella. Which isn't necessarily a bad thing as too many LL were letting sub standard unsafe properties. There's no such thing as 'multi-lets', 'mini HMO's' - they're ALL HMO's. Even properties let under the 'corporate let' arrangement have to meet the same safety regs under HHSRS and fire safety, ie same as HMO's.

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    Hi Infinite,

    Congratulations and welcome to the world of investment!

    Looks like to have a solid plan put together and a lot of areas to choose from. Don’t over complicate things for yourself, narrow down your location to which is best for you.

    Maybe consider which area is easier to travel to for viewings etc and for when you manage the property.

    Any further question please don’t hesitate to ask

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