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What is an HMO?

An HMO (House in Multiple Occupation) is a house where multiple, unrelated tenants have exclusive access to their rooms and share common living areas, such as a kitchen or bathroom. The property can either be let on one AST which includes all the tenants, or each tenant can have its own AST agreement. Legislation requires that some HMOs are licensed by the local authority, so it is important to check. For more details on HMO’s please view our buy to let property types section. 

 

 

 

Last updated: 04/01/2017

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE