The Impact The Energy Crisis Is Having On HMO Landlords

What Does Rising Energy Costs Mean & How Can Landlords Make Utility Bills More Manageable in 2022?

At the end of last year and the beginning of 2022, chances are you’ve been hearing about and feeling the pressure of the energy crisis. And one of the biggest worries you may have right now as a HMO landlord is spiralling energy costs and how you will manage utility bills moving forward.

Here we are going to cover what’s going on with the energy industry, what it means for HMO landlords and how you can make utility bills more economical.  

7 Tips for How HMO Landlords Can Make Utility Bills More Economical

The rising energy costs will likely be particularly worrying if you offer all-inclusive bills for your HMO properties, but don’t panic. There are a number of things you can do to help make your utility bills more economical.

1. Install a Smart Meter

A smart meter can give tenants a real indication of their energy consumption and how they could make improvements. It can also flag inefficient appliances in your properties.

2. Install TRVs on Every Radiator

Buying a house can be stressful—but there are ways you can take control of the process.

Buying a home is always stressful. Whether it’s your first home and you spent the last decade eating wish sandwiches in order to cobble together the down payment or a dream retirement house, the process is a rollercoaster ride of surprise costs, stressful road bumps, and endless paperwork (somehow still involving the copious use of fax machines, for some reason).

But there are ways to make buying a home a better experience: Once you’ve figured out your budget, partnered with an experienced realtor, and chosen your desired location, keep the following tips in mind to make your real estate transaction as positive as possible.

View the house at different times—and on your own

Buying a house can be a hectic, rushed experience. Sometimes you only get to see the house relatively briefly during an open house or via a walkthrough. And even if you return to the house a few more times, it will generally be at a time chosen by the realtor, and they will supervise your walkthrough.

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1. Expert appraisal of your property

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3. Accompanied viewings

4. Preparation of the tenancy

5. Comprehensive referencing

There are a number of reasons why a tenant may need a rent guarantor and the request for one can be made either by the landlord or the letting agent handling the rental. If you have been asked to find yourself a rent guarantor, or asked to be one, but aren’t entirely sure about what they are and what they do, you’re in the right spot. 

This post will tell you all you need to know.

Before we get into the finer details of rent guarantors and what’s expected of them, let’s first answer the most basic question of all...What is a rent guarantor?

What is a rent guarantor?

As one might expect, a rent guarantor is exactly that: someone who is willing to guarantee the rent will be paid should the tenant fail to do so. Rent guarantors do not, however, have to be individuals (although they commonly are...Hello, parents 👋🏻), as rent can also be guaranteed by a company, charity, or institution.

Being a landlord is no easy task, especially during the current pandemic and the ongoing changes due to COVID-19. We understand that this is a concerning time for landlords as well as tenants, and that it may be difficult to keep up with the latest Governments advice and changes. From suspended evictions, to extended notice periods and three-month mortgage holidays, we have rounded up the latest guidance for landlords from the Government to help keep you up to date in the current landscape.

Suspended Evictions

You will probably have heard that the government plan to suspend evictions during the current Covid-19 situation. We realise this will cause many landlords concern, with the potential loss of income considering that many will have a mortgage to pay. It was previously discussed that homeowners should get a three-month holiday