Leasehold House To Btl / Hmo

[LittleS 0]

Hey everyone,

 

just wonder if someone could give some idea on a leasehold house.

 

interested in a leasehold house which still have over 800 yrs lease left, but just wonder if we can rent it out or change it to a HMO after buy it. Anywhere we can find that information ? like any restriction in the lease?

 

Thank you all

Edited September 30, 2020 by nikki-red

[bungleboy69 101]

Maybe  pay a solicitor to have a read through the lease with something so important.

[sedith 19]

In my experience stay well away from any leasehold property, no matter whether there is 800 years left on the lease.

[geared 317]

Council have restrictions on HMO's in some areas I think?

[LittleS 0]

17 hours ago, geared said:

Council have restrictions on HMO's in some areas I think?

Thank you, is there any website i can check if there's restrictions in which area??

17 hours ago, sedith said:

In my experience stay well away from any leasehold property, no matter whether there is 800 years left on the lease.

oh? any experience you can share??

21 hours ago, bungleboy69 said:

Maybe  pay a solicitor to have a read through the lease with something so important.

i think that's what we are going to do  

[Jeffrey Shaw 90]

On 30/07/2020 at 16:46, geared said:

Council have restrictions on HMO's in some areas I think?

Yes- but that's so irrespective of whether it's freehold or leasehold.

 

On 31/07/2020 at 10:06, LittleS said:

Thank you, is there any website i can check if there's restrictions in which area??

oh? any experience you can share??

i think that's what we are going to do  

All Local Housing Authorities will enter any HMO restrictions as a Local Land Charge.

These are usually based on zoning certain areas where the LHA wants to curtail growth of HMOs.

[LittleS 0]

Hi All, wonder if anyone could help me out, purchased a terrace house in S5 Bolsover road area, and would like to change it to HMO, anyone could share some idea about the area? and HMO market please？

 

thank you all in advance.  

[geared 317]

Do you need a licence for it?  Have you bought one?

 

Have you checked if you are allowed to convert it?  

 

Quote

In order to maintain balanced communities, changes of use to HMOs will not be considered acceptable where more than 20% of homes within 200 meters of the site area already shared housing. Further information is available in 'Planning permission for HMOs' in 'Supporting documents & links'. 

 

Edited September 30, 2020 by geared

[LittleS 0]

14 hours ago, geared said:

Do you need a licence for it?  Have you bought one?

 

Have you checked if you are allowed to convert it?  

 

 

it's a 4 bedroom house, and i check it online it doesn't require HMO licence?  so i assumed we should be ok

[topflat29 10]

If you want  to rent room by room  basis  to 2 or more unrelated parties , it requires HMO licence.  Check  the HMO  rules  operated by   your local council.