Definition of a HMO
Houses in multiple occupancy mean that 2 or more persons reside at the property that are not all members of the same family and are described as “qualifying persons”.
To be a “qualifying person” means that the property is the only, or principal, residence. For example, the principal place of residence by a student in term time.
N.B.: A member of the same family is considered to be:
- spouse (living together as husband and wife), civil partner (living together as if civil partners), parent, grandparent, brother, sister, child, grandchild, uncle, aunt, niece or nephew of the other person.
Guide to HMO Mortgages
- Use classes order for HMO properties
- What are the HMO regulations?
- Does a HMO need planning permission?
- Is there a register for HMOs
- What is a HMO
- Definition of a HMO
- Do I Need a Licence for a HMO
- What are HMO Properties
- What are the Requirements for a HMO
- What are the HMO Regulations
- Who will lend on HMO properties?
I’ve just heard from my solicitor that he has the funds in from Interbay, had paid off our mortgage and is sending the balance on to me, which means that finally this is all over and I can move on. Thank you all so much for your help in arranging the mortgage, I am sure that my future plans will involve needing to arrange finance, and I will happily come back to you again.