New Regulations in 2018 set out national minimum room sizes for Houses in Multiple Occupation (HMO). The room sizes originally were set by your local authority.
The new requirement for HMO Licences issued after 1 October is that:
Existing HMO Licences do not have to meet the condition. Although they will on the Licence Renewal.
Areas with Mandatory, Additional or Selective Licensing may find larger room sizes are set by the local authority.
HMO Mortgage Lenders will be checking to ensure they do not offer finance to those in breach. You may require bridging finance to rectify sizes prior to buying or remortgaging.
An HMO is a rental House that has Multiple Occupants from multiple families, sharing facilities and typically renting. The full name is a House in Multiple Occupation ( HMO ).
That's as complicated as it needs to get but some may get confused as you learn more. A property can be a House in Multiple Occupation (HMO) with or without the need of an HMO Licence.
HMO.Mortgage Copyright © 2019 Bespoke Finance Direct Limited. All Rights Reserved.
HMO.Mortgage is a trading style of Bespoke Finance Direct Limited.
Bespoke Finance Direct Limited is authorised and regulated by the Financial Conduct Authority (No. 715805).
Bespoke Finance Direct Limited is registered in England and Wales (No. 09623432) at 31 Church Lane, Pudsey, LS28 7LD.