In this Property Magic Podcast episode, Property Expert Simon Zutshi, continues on from his mini series all about Houses of Multiple Occupation (HMO’s) in the UK Property Market.
Whilst a lot of misconceptions are that ‘everyone is doing it’, 82% of the current Housing Market is made up of Single Let Property.
If you are interested in UK HMO’s, it’s important that you ensure they are High End HMO’s as there is an ongoing over supply of standard HMO’s in the UK. Find out more about HMO Licensing vs HMO Planning Conditions as Simon breaks down his key Property Tips alongside a lot of unmissable Property Education.
If you have a property that you are renting out to 5 or more, it is wise to check with your local planning department on how many people you need licensing for. Will you get a license on the property or not? As long as you meet the HMO Licensing criteria you should.
When it comes to Planning & Planning Permission, a lot of people perceive it to be a very complex subject. Simon encourages you to familiarise with how your Property Knowledge could be limited, as long as you have a reliable Property Power Team in place – which you are able to build very easily by attending Property Networking events like the property investors network Meetings.
