Investment FAQs

HMO Housing falls under C4 of the Use Class Act i.e. Houses in multiple occupation, which is defined as small shared houses occupied between three and six unrelated individuals, as their only or main residence, who share basic amenities such as a kitchen or bathroom. Certain councils need planning approval where article 4 is in operation. Salford, Manchester, Birmingham and Leeds councils require one of these, but Bolton and Liverpool councils don’t. Therefore you do not need planning permission to convert a Use Class C3 (Family Dwelling) to become Use Class C4 if Article 4 is not in operation. However if you want to convert a house into a HMO with more than 6 beds then this falls under the Sui Generis Use Class which will require planning permission.

Letting properties is one of our key areas of expertise and we have a very high occupancy rate. Because we select our properties carefully and in the right area we are able to maintain this high success rate.

The net rental figure is calculated by taking the gross rental figure and then taking into account associated costs such as agency fees, insurance, maintenance and repairs and so on.