In recent years, Kent has witnessed a significant increase in the number of Houses in Multiple Occupation (HMOs), with nearly 2,000 of these shared living spaces currently in operation throughout the region. Defined as properties accommodating occupants from more than one household, HMOs are becoming an alternative living arrangement, especially for younger individuals and low-income tenants. This article...
Foundation Home Loans has announced an exciting reform of its Buy to Let Specials, featuring attractive new competitive rates starting from November 12,2024. This revamped offering provides diverse options for landlords while addressing the needs of different borrower profiles. Organized into two distinct tiers—F1 and F2—these products are set to enhance the property investment strategies of both...
In Southampton, a curious case has emerged with the sudden appearance of DIY double yellow lines on Howard Road, raising eyebrows and concerns among local residents. These markings extend beyond the official lines designated by traffic regulations, particularly crossing the driveway of a multiple occupation house (HMO). As the community grapples with the legality and implications of these unofficial lines,...
As we approach the end of 2024, the commercial real estate (CRE) sector finds itself at a pivotal juncture, undertaking significant transformations fueled by economic pressures, evolving tenant expectations, and technological advancements. In response to these changing dynamics, Deloitte has unveiled its comprehensive 2025 Commercial Real Estate Outlook, designed to guide industry leaders in navigating the...
In November 2024, the Bank of England's decision to reduce interest rates from 5% to4.75% has drawn significant attention, especially as the inflation rate currently sits at 1.7%—well below the target of 2%. For many borrowers, particularly those on variable-rate mortgages, this change is viewed as a reassuring development amidst ongoing financial pressures linked to the cost of living crisis. Numerous...
In a significant move, the Belfast City Council has denied an application for a House in Multiple Occupation (HMO) license for a property located on Sandymount Street in the Stranmillis area. This decision comes amid growing concerns regarding the proliferation of HMOs in the locality, where current numbers have exceeded the council’s set limits by over threefold. The property in question had been owned...
In an unusual series of events, residents of Howard Road in Southampton have raised concerns over freshly painted DIY double yellow lines that have appeared throughout the area, particularly across the driveway of a local multiple occupation (HMO) property. This unexpected development has prompted inquiries into how these unofficial markings came to be, especially considering their proximity to already...
The proposal to convert Kent House nursing home in Broadstairs into a 21-bed House of Multiple Occupation (HMO) has ignited fierce debate among local residents and council members, set for deliberation during the upcoming council meeting next week. N & I Holdings Limited has submitted an application to change the use of the facility, currently serving up to 25 senior residents, into an HMO with minimal...
Westminster City Council is initiating a significant consultation process aimed at gathering feedback from a wide array of stakeholders, including tenants, landlords, and property agents, concerning a proposed new selective licensing scheme for private rented homes across the borough. This initiative arises in light of the increasing challenges posed by the housing market, namely a shortage of social...
In a bold move to address housing needs in Stretford, Aamer Shah has submitted a planning application to Trafford Council that seeks to convert a modest two-bedroom semi-detached home on Barton Road into a ten-bed house of multiple occupation (HMO). This proposal is noteworthy not only for its scale but also for the strategies promised to mitigate community concerns such as noise disturbances and...
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