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Hi, I am looking to purchase a property to rent out as a four bedroom HMO however one of the bedrooms is in the loft as is non compliant. Can I still rent it out? I have googled and getting mixed messages!
The loft room will need to be building regulations compliant for it to be used as a habitable room. IE means of escape (window), permanent staircase, structurally sound, smoke alarm etc
Universal Property Services Ltd
Thank you Dan for swift response ...
It is just a loft even if it has been made habitable.
It has to be compliant with all appropriate regulations.
So you would just be buying a 3 bed house with a loft that can be used for more than just storage but cannot be commercially let out
Thank you Paul for this great help...
if its 'been made habitable' and you have the paperwork to prove it, then it should be ok subject to licencing. but this is not the case as it is described as non-compliant.
its scary that a potential landlord would feel the need to ask such a question!
Well whilst I agree it is better to pose the queries before a potential purchase is concluded not everyone becoming a LL knows everything
At least this one had the nous to know about PT and ask the questions.
We might have saved him a lot of money!!
Corrupt EA mis -sell property and naive LL can get taken in.
At least PT exists to potentially save people from themselves.
LA and EA are inherently corrupt
Very few of them will put the client first
They just want a sale
It is up to the buyer to research the efficacy of what is being offered.
I don`t find it scary i find it very sensible. How else do you learn
Its more scary if you never ask questions and just hope for the best
Knowledge is power.
Jonathan Clarke. http://www.buytoletmk.com
of course, but some questions are so basic they begger belief.
Thank you so much Carol for your detailed reply such a shame you are not in Bristol! As would be great to meet up with you over a coffee.
All the best.
You would indeed need to regularize the space with the correct works, be sure to put building regulations in place (the council building regulatons team will come round look at the works, advise what needs to be done and then pop back sometimes during but always at the end of works to sign off). Make sure to get this process all done especially when or if you sell in future as it will uplift the value of the property. Be sure to get your builder to quote on the works before you buy!
When you find a property like this it's a great opportunity - lots of B&M property owners need an extra space so create an un-regularised loft conversion which can unwittingly be problematic when it comes to selling. It cannot legally be advertised by an estate agent as a bedroom so I look for properties like this knowing i can usually get my builder to do a little work to make a great extra room for a HMO!
Hope this helps!
I am a Property Developer and Investor. I provide training and consultancy to individuals and provide bespokehands free HMO investments in the North of England. Please do get in touch if I can help you in any way!