Landlords with HMOs (houses in multiple occupation) are seeing gross annual income levels far beyond what non-HMO landlords are enjoying.<\/p>\n
The average non-HMO landlord made \u00a361,846 in gross rental income during the previous 12 months. This is just over half of what the average HMO landlord made, at \u00a3120,283.<\/p>\n
The research was provided to mortgage lender Aldermore by Pegasus Insight has found.<\/p>\n
Jon Cooper, Aldermore\u2019s director of mortgages, said: \u201cWhilst it\u2019s common knowledge that HMO landlords tend to benefit from enhanced annual incomes and greater yields, the difference in scale here is major.<\/p>\n
\u201cThe numbers here are a timely reminder of how attractive HMOs can be as an asset class for many landlords across the country.\u201d<\/p>\n
HMO landlords are significantly over-represented not just for average rental income, but also amongst those landlords with the highest-earning portfolios overall.<\/p>\n
\t <\/p>\n
Three in 10 (30%) HMO landlords fell into the gross rental income bracket between \u00a3100k and \u00a3199,999, compared to just one in 10 (10%) landlords without HMOs.<\/p>\n
For the highest gross rental income category of \u00a3200k plus, roughly one in eight (13%) HMO landlords fell into this bucket, compared to just one in twenty (5%) landlords without HMOs.<\/p>\n
Polling from Opinium on behalf of Aldermore2 shows that students living in HMOs pay nearly \u00a3200 less per month than those in other private rentals (\u00a3600 vs \u00a3791). Three quarters of HMO tenants (74%) also say their living situation has benefitted them socially by helping them interact with others more regularly.<\/p>\n
Cooper added: \u201cWhile no housing option is without its trade-offs, our data suggests that HMOs are defying outdated perceptions and offering a more affordable and rewarding experience for many students and presenting a compelling financial opportunity for landlords.<\/p>\n
\u201cWith the right management and attention to quality, landlords can enjoy reliable returns while offering affordable, socially enriching homes that truly make a difference to student life.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Landlords with HMOs (houses in multiple occupation) are seeing gross annual income levels far beyond what non-HMO landlords are enjoying. The average non-HMO landlord made \u00a361,846 in gross rental income during the previous 12 months. This is just over half of what the average HMO landlord made, at \u00a3120,283. The research was provided to mortgage […]<\/p>\n","protected":false},"author":1,"featured_media":3289,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n