This video needs a follow up! What advice would you give to those who want to buy in an article 4 zone? Just don’t do it? I’ve got a property I’m looking at in Newport South Wales. It’s a great property for a hmo and I’ve managed to secure a great price for it. Should I go through with the planning or just look elsewhere? I know planning can take up to 8 weeks and costs around £380. What’s your thoughts?
you really are a legend sam. before i watched this, i found article 4 really intimidating as a new investor about to buy my first hmo early next year, but now i'm actually happy about it. really hope that after i've bought one or two in the areas of manchester that aren't enforced upon yet, the restrictions are then later enforced which in turn will mean higher rental income and a higher value property down the line!
Hi, if article 4 is coming to an area do you need to have acquired the license before the cut off date or just have applied for the license with all works completed and necessary paperwork provided?
Samuel, Is Rent to Rent now also effected by article 4 ? If you make no alterations to the inside and just let room by room as a shared house , can this be done instead of changing to a HMO property ?
If you are renting say a 4 bedroom property out room by room, to 4 separate people then that would automatically be classed as a HMO conversion, even if no alterations were made. Now you have to apply for licensing ever since the regulation changed on the 1st October 2018,
@@stephenmitchell1270 I was always under the impression that if it were only 4 rooms with 4 people that was a multi-let but if it was over three stories with 5 or more Tennants then you needed to licence it as an official HMO?
Hey, does anyone know if article 4 affects houses that are only 4 bedrooms? I guess what I'm asking is if you was to buy a 3 bedroom house with 2 large receptions rooms and turn that into 4 bedroom HMO in article 4 area, would you need to get planning permission or would you get away without it? I hope that makes sense.
@@macaulaysmith1272 I've found the answer to this. Short answer is YES. You would need to get planning permission as a HMO is 3 or more unrelated people living in a one household. Planning permission and a HMO license are two different things: Any HMO with 5 or more unrelated people would need to have a license regardless whether is in Article 4 are or not. As for trying to change a residential house into a HMO in an Article 4 area, what you asking for is for council to change C3 into C4, so if the house would have 3 or more unrelated people living in it you would need to get planning permission. If it's only 2 then you don't but of course ROI isn't going to be as good. Hope that makes sense, if not let me know I'd be happy help
@@eFManCC Hi Feruzas, Thank you for taking the time to research this and get back to me! It's definitely useful information. The information I wrote was referring to Samuel Leeds 'Buy low rent high' book, but that info may be outdated now. Thanks again. Macaulay
This video needs a follow up!
What advice would you give to those who want to buy in an article 4 zone? Just don’t do it?
I’ve got a property I’m looking at in Newport South Wales.
It’s a great property for a hmo and I’ve managed to secure a great price for it.
Should I go through with the planning or just look elsewhere? I know planning can take up to 8 weeks and costs around £380. What’s your thoughts?
If the market is saturated it will probably get rejected. That's the whole point of Article 4
you really are a legend sam. before i watched this, i found article 4 really intimidating as a new investor about to buy my first hmo early next year, but now i'm actually happy about it. really hope that after i've bought one or two in the areas of manchester that aren't enforced upon yet, the restrictions are then later enforced which in turn will mean higher rental income and a higher value property down the line!
attending your two-day manchester seminar in february, see you then!
top quality content as usual x
My area isn't article 4 but I still have to have planning permission
Hi Samuel, I am curious how to get the HMO property refinanced from bricks and mortar value into commercial value
This question cropped up and your name crops up again in the video search. Thanks Sam.
Hi, if article 4 is coming to an area do you need to have acquired the license before the cut off date or just have applied for the license with all works completed and necessary paperwork provided?
Does article 4 not apply to rent to rent?
Any one on the crash course in London in may?
Great video, thanks. This clears things up.
Hi Sam, could I use your service of charging 12% of the rent, but under a residential mortgage?
Samuel, Is Rent to Rent now also effected by article 4 ? If you make no alterations to the inside and just let room by room as a shared house , can this be done instead of changing to a HMO property ?
If you are renting say a 4 bedroom property out room by room, to 4 separate people then that would automatically be classed as a HMO conversion, even if no alterations were made. Now you have to apply for licensing ever since the regulation changed on the 1st October 2018,
@@stephenmitchell1270 I was always under the impression that if it were only 4 rooms with 4 people that was a multi-let but if it was over three stories with 5 or more Tennants then you needed to licence it as an official HMO?
Thanks Samuel a great video!
Useful information Samuel, thanks God bless you for always sharing
Hey, does anyone know if article 4 affects houses that are only 4 bedrooms? I guess what I'm asking is if you was to buy a 3 bedroom house with 2 large receptions rooms and turn that into 4 bedroom HMO in article 4 area, would you need to get planning permission or would you get away without it? I hope that makes sense.
Can someone please answer this, I'm also very curious 😊
@@macaulaysmith1272 I've found the answer to this. Short answer is YES. You would need to get planning permission as a HMO is 3 or more unrelated people living in a one household.
Planning permission and a HMO license are two different things:
Any HMO with 5 or more unrelated people would need to have a license regardless whether is in Article 4 are or not.
As for trying to change a residential house into a HMO in an Article 4 area, what you asking for is for council to change C3 into C4, so if the house would have 3 or more unrelated people living in it you would need to get planning permission. If it's only 2 then you don't but of course ROI isn't going to be as good.
Hope that makes sense, if not let me know I'd be happy help
@@eFManCC Hi Feruzas,
Thank you for taking the time to research this and get back to me! It's definitely useful information. The information I wrote was referring to Samuel Leeds 'Buy low rent high' book, but that info may be outdated now.
Thanks again.
Macaulay
@@eFManCC Hi Feruzas,
Thank you for taking the time to research this and get back to me! It's definitely useful information.
Thanks again.
Macaulay
Love it
The way you talking about housing like this is so distressing
Great
great
👍🏾