Sell your HMO
Sell any type of house in multiple occupation
Open Property Group are cash buyers of HMO's throughout England and Wales. We have substantial financial backing to immediately purchase all types of HMO's including:
We've bought hundreds of HMO's throughout the country and we are keen to invest in more.
We will buy vacant, rented or problem properties of any design, size or condition.
We'll buy houses in multiple occupation with any type of tenancy in place, regardless of whether it be single or multiple occupancy.
As a responsible landlord and members of the Residential Landlord association, we are well versed in all matters and keep up to date with changes in legislation and regulation which affect landlords.
Your home is a house in multiple occupation (HMO) if both of the following apply:
Your home is a large HMO if all of the following apply:
If you live in a large HMO, your landlord must meet certain standards and obligations. Find out more about HMOs from Shelter
All large HMOs need a licence from the local council.
From 1 October 2018, significant changes are being made to which HMOs are licensable and requirements for minimum room sizes in HMOs in England.
In addition to mandatory licensing, a local authority can designate specified areas as being subject to additional licensing (where any HMO requires a licence regardless of occupiers and storeys) or selective licensing (where any rented property requires a licence).
From 1 October in England, mandatory licensing is changing and The Licensing of Houses in Multiple Occupation (Prescribed Description) (England) Order 2018 will replace the 2006 order of the same name.
The licence must be applied for before 1 October 2018 in order to lawfully continue renting out the property.
Request your cash offer for your HMO today
It's quick, easy and hassle free.
Contact us today for an instant, no obligation cash offer for your property.
Running a HMO is more complicated than a standard buy-to-let – there’s more renters to cause damage, a higher turnover of tenants, increasing compliance and a greater number of HMO properties that need licensing. Today’s onerous requirements are proving too much for many landlords.
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When selling to Open Property Group, there is no need for vacant possession. In fact, we welcome HMOs where there are tenants living there.
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A HMO’s value will depend on many things, such as the size and condition of the property, the habits of the tenants, the length of any lease and whether the buying audience is another landlord or an owner-occupier.
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Many HMOs serve the student accommodation sector and have five bedrooms or more. This narrows down the audience of buyers as many owner-occupiers don’t want a property of that size or configuration. Open Property Group, however, makes cash offers on all HMOs, no matter how large they are.
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The Government states an HMO must have a licence if it is occupied by 5 or more people. It’s also left up to a local council’s discretion if other types of HMO need a licence.
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Councils are required to inspect all licensed HMOs within the licence period. A Housing Health and Safety Rating System (HHSRS) risk assessment will be conducted and unacceptable risks found must be rectified.
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We buy property directly and you won’t pay any agent’s fee
