Multi Occupied property

jojo9239

Hi wondered if anyone had any experience with the above basically sold our home to an investor who plans to make it 5 en suite rooms with communal kitchen etc I wondered is the buying process for us as sellers the same?

davidmcn

Yes, assuming they're not planning to make the deal conditional on them obtaining any consents they'll require to do the work and operate as an HMO.

jojo9239

What consents do they need? Do the council look favourable on these types of projects

anselld

jojo9239 wrote: »

What consents do they need? Do the council look favourable on these types of projects

If it has three storeys then they will require a mandatory HMO license.

If two storeys it will depend on the Local Council.
There may be no consents.
There may be Article 4 direction requiring planning permission to convert to C4.
There may be selective or additional licensing schemes in place locally.

Check with your local Concil, but as davidmcn stated, none of these are your problem unless the buyer is seeking them prior to exchange.

Don't expect a Christmas card from the Neighbours!

jojo9239

Just 2 story we have a huge end terrace so I think the plan is 5 en suite bedrooms would the buyer have checked all this before offering ?

Not sure how I feel about it yet lol x

phill99

What the guy does to it when he buys is has nothing to do with you Just the same way if you buy a house and plan to extend it, it has nothing to do with the current owners.

booksurr

jojo9239 wrote: »

Just 2 story we have a huge end terrace so I think the plan is 5 en suite bedrooms would the buyer have checked all this before offering ?

Not sure how I feel about it yet lol x

stop and think for a sec - how on earth do you expect anyone on the internet to know what your buyer may, or may not, have done regarding their own due diligence before making an offer, including, for example, having checked for themselves whatever rules your council has in place for your unknown location

jojo9239

Wow sorry for asking a question on a forum I have no idea about planning permissions etc hence why I asked!! Apologies if the question was silly!

Mojisola

jojo9239 wrote: »

Just 2 story we have a huge end terrace so I think the plan is 5 en suite bedrooms would the buyer have checked all this before offering ?

Not sure how I feel about it yet lol x

It's normal to feel emotionally attached to your house but, if you're selling, you have to start distancing yourself from what will happen to it after it's sold.

The buyer's plans for the property shouldn't have any impact on the sale from your point of view - except that I'm surprised they've offered the best price for it.

jojo9239

Mojisola wrote: »

It's normal to feel emotionally attached to your house but, if you're selling, you have to start distancing yourself from what will happen to it after it's sold.

The buyer's plans for the property shouldn't have any impact on the sale from your point of view - except that I'm surprised they've offered the best price for it.

Yeah I'm half expecting the phone to ring tomorrow with a lower offer valuer came Friday so should know more this next week or so x

eddddy

jojo9239 wrote: »

Hi wondered if anyone had any experience with the above basically sold our home to an investor who plans to make it 5 en suite rooms with communal kitchen etc I wondered is the buying process for us as sellers the same?

Hmmm... so has the investor has been telling you about all his/her big plans for your house?

I'm probably a bit too cynical, but I tend to find that the more an 'investor' boasts to strangers about their brilliant plans, the less credible they tend to be.

(But maybe it wasn't like that in this case.)