7 Jan Rise of HMOs in the UK Property Market The UKs House in Multiple Occupation (HMO) market is witnessing an upswing in popularity, positioning itself as a prime focus for investors. Half of HMO landlords say their property or portfolio is their sole source of incom
6 Jan Holt Town vision in Manchester takes shape as Council looks ahead to major consultation Source:Manchester.gov.uk The Council’s executive committee will be asked to approve the move to consult on a Neighbourhood Development Framework (NDF) for the east Manchester neighbourhood. Earlier this year, Studio Egr
24 Dec Furnishing HMO Property for the Highest Returns Furnishing an HMO property is not required, but it is highly advisable for landlords to fully furnish that it would increase you highest return. What items needed to furnish an HMO property? *Beds, wardrobes, drawers,
23 Dec Changing a regulated tenancy (fair rent) There are special rules for changing rents and terms for regulated tenancies (sometimes called ‘fair rents’) which usually started before 15 January 1989. There are different rules for increasing rents in regulated ten
23 Dec Paying tax and National Insurance When you rent out property you may have to pay tax. You can choose to pay voluntary National Insurance contributions to qualify for the State Pension or certain benefits. National Insurance You may be eligible to pay v
23 Dec Houses in Multiple Occupation (HMO) If you let your property to several tenants who are not members of the same family, it may be a ‘House in Multiple Occupation’ (HMO). There are different rules for HMOs in Scotland and HMOs in Northern Ireland. Your
23 Dec Settling disputes You can often sort out disputes with your tenants without going to court: 1) Speak to your tenants about your concerns. 2) If this does not work, write a formal letter setting out the problem. 3) Use a medi
23 Dec Rent increases The tenancy agreement should include how and when you’ll review the rent. There are special rules for increasing regulated tenancy rents. When you can increase rent For a periodic tenancy (rolling on a week-by-week
23 Dec Making repairs You must keep your property in good condition, and any gas or electrical systems must meet specified safety standards. There are different rules for making repairs in Scotland and making repairs in Northern Ireland. When