Fleet Mortgages has launched a new guide for advisers and landlords entitled, ‘A Guide to HMOs: Licencing, Planning & Article 4’.
The guide is designed to help mortgage advisers support both new and existing landlord clients looking to invest in HMOs, with clear information on what defines an HMO, how licencing works, the implications of Article 4 directions, and how planning permission fits into the picture.
The lender said the guide was created in response to growing interest in HMO investment.
Steve Cox, CCO at Fleet Mortgages (pictured above), commented: “We’re very pleased to be able to share this new guide with advisers and their landlord clients.
“HMOs remain an attractive investment opportunity, often providing higher yields and greater income security than standard BTL properties.
“However, they come with a more complex regulatory landscape, particularly around licencing and planning.
“This guide aims to demystify some of those requirements and provide clarity on how Article 4 areas work, what different licence types involve, and what sort of properties can be considered.
“It’s a really useful tool for those advisers supporting clients who are either new to HMOs or are looking to diversify and expand their portfolios into this space.”
