Sell the HMO with the tenants in situ.
Your house in multiple occupation has multiple tenants, multiple rental incomes, possibly a manager. Selling an HMO with vacant possession means losing all the rental income AND the value of the established tenancy. We have HMO investors who want the going concern.
How it works for your situation
- You tell us the number of tenants, rental income, and licence status (mandatory HMO, selective licence, etc.).
- We match to HMO fund buyers who underwrite based on the rental yield, not the bricks and mortar.
- Completion with tenants in situ. You don't need to evict anyone.
What we'll need from you
- The full address
- The current rental income and tenancy schedule
- The HMO licence status and any enforcement issues
What we sidestep (and the standard alternatives)
- Evicting the tenants (you lose 6+ months of income and the asset value of a let property)
- Selling to a residential buyer who'd convert it back to a single dwelling (massively undervaluing)
- A mortgage buyer who'll fail at the HMO licensing stage
Questions people in your situation ask
We arrange for the deposit protection scheme to transfer to the buyer's scheme on completion. The tenants don't lose anything.
Yes. ASTs are protected on transfer. The buyer takes the property subject to the existing tenancies — same rents, same terms.
The buyer usually keeps the existing manager. We can introduce you to HMO managers if you don't have one.
Before you fill in the form — get a sense of what your property could be worth across three scenarios. No form, no obligation, no catch.