A House in Multiple Occupation (HMO) is a rental property occupied by three or more tenants forming separate households. These tenants share common facilities such as kitchens, bathrooms, or living areas. In simpler terms, an HMO is a single property rented out to multiple unrelated individuals, each with their own tenancy agreement or arrangement.
HMOs often require specific insurance cover due to the unique risks involved, including higher tenant turnover and shared communal spaces. At LTC Mortgages, we work with specialist insurers to provide tailored landlord insurance policies that meet the needs of HMO landlords across Liverpool and Merseyside.