If you’re looking to invest in HMOs or want to expand your existing portfolio, then buying an existing HMO with tenants in situ can be an attractive option offering landlords a guaranteed income with no additional tenancy-find fees and a potentially lower refurbishment cost. However, it is not without pitfalls, which can be complicated and costly. Read on for our 7 top tips to consider before you sign on the dotted line:
1/ Planning
Check whether the property has the correct planning permission in place for its current use. This can be determined by assessing the planning use […]
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