and Profitable HMOs
Our HMO Consultancy service helps landlords and investors navigate the complexities of Houses in Multiple Occupation with confidence. From planning and compliance to optimisation, we provide clear, professional guidance at every stage.
Professional HMO Advice Built Around Compliance and Increased Rental Returns
At Homes for People we specialise in HMO properties, including those that a lot of councils now deem to be HMO properties due to the fact that they are rented to 2 or more unrelated individuals with shared communal areas.
By licensing your property you increase the scope of who you can market your property to and any initial investment can easily be covered by increased rents in an area of short supply. A lot of landlords and agents do not want to be involved in HMOs and that is where you can create an edge on your competitors who are currently only looking for family occupants for their properties.
Through licensing you open up your market to students, young professionals and even the potential to operate your property as a rental on a room by room basis thus maximising your rental returns.
If you are interested in appealing to the widest possible tenant market, or your local authority has introduced a licensing scheme in your area, why not let us help you to acquire a fully compliant HMO licence?
How our HMO Consultancy Service Works
Our consultancy service is designed to guide you through every stage of your HMO journey with clarity and confidence. Whether you are planning a new HMO or converting an existing rental that requires an HMO licence, we provide advice tailored to your goals and local requirements.
We will carry out a full remote assessment of your property via phonecall in order to advise whether your rental is suitable for HMO licensing and to plot a route to full HMO licensing for your property.
We will provide you with a written viability report and advise on how best to proceed with conversion to HMO in your area. We will also provide an illustration of the financial benefits of conversion.
We can complete any upgrades your property may need in order to achieve licensed status through our trusted tradespeople. From floor plans, to fire door installation, we know how to make you compliant with your local authority.
We can take care of all the paperwork once you are compliant to ensure your property can benefit from a much wider tenant market as a fully licensed HMO.
HMO regulations can be complex and vary by location, making expert guidance essential. Our consultancy service is built around up-to-date knowledge, clear advice and a strong focus on compliance, helping you avoid common pitfalls while planning an HMO or converting an existing property to an HMO.
We charge a small fee of £299 for our initial assessment and viability report which will give clear guidance on the steps you will need to take in order to become compliant against your local authority’s licensing scheme. We have the knowledge and the experience to get you there!
HMO Consultancy
Who is HMO Consultancy suitable for?
This service is suitable for UK landlords who are planning a new HMO or now require an HMO licence due to their local authority implementing an HMO scheme in their area.
Will having an HMO licence help me find tenants?
Yes! Through licensing you open up your market to students, young professionals and even the potential to operate your property as a rental on a room by room basis. Gaining a HMO licence can be the difference between finding tenants easily and keeping them for longer. A licence can also allow you to mitigate some of the difficult issues that landlords will face in light of the new ‘Rental Refom Act’.
Can Homes for People assess on converting a property into an HMO?
Yes! We have a great deal of experience in this area and have retrofitted a number of existing properties to become HMO compliant against local authority standards.
How much does you initial consultation and viability report cost?
For £299, you will receive a consultancy call to assess your property and then a full report on viability and next steps. From there you can decide whether you want to apply for your licence or carry out any necessary upgrades yourself or we can quote on doing this for you.
If my property is compliant to local authority standards, how much do you charge to complete my application?
In addition to the initial consultation and viability report, the cost of making your application is a further £299. You would need to provide all compliancy paperwork so that we can complete the application process on your local council’s portal.
If my property is not currently compliant for HMO conversion, can you help?
Yes! We can offer the following compliance services if your local authority requires them at the following costings:
- Gas Safety Certification (Annual) £139
- Annual Electrical Safety Inspection Certificate (Annual) £199
- Interlinked Smoke Alarm Testing Certificate (Annual) £129
- Electrical Installation Report £499
- Professional ElectronicFloor Plans £199
- EPC Certificate £129
- Full licence application with your local authority completion £299 (Not including council fees)
Additional works that may be required to bring your property to standard:
- Fire Door Installation (Price determined after initial consultation)
- Interlinked Smoke Alarm System Installation (Price determined after initial consultation)