Units with floor area below 30m2 by referral only. Related words: Footprint, square feet
HMO
A House in Multiple Occupation (HMO) is a freehold or leasehold property where 3 or more tenants reside forming more than 1 household. Tenants share a lavatory, bathroom or kitchen facilities with other tenants and a HMO licence is required. The Solicitor will be required to ensure all relevant Planning/Change of Use requirements for its …
Rooms/Units/Storeys
Standard – Max. 6 Bedrooms (Shared accommodation acceptable) Studio Flat – Max. 1 main room. New Build – Max. 6 Bedrooms. Above/Adjacent to Commercial – Max. 5 Bedrooms. Former Local Authority – Max. 6 Bedrooms. Small HMO – Max. 6 bedrooms. Max. 8 lettable rooms. Max. 2 kitchens (2 kitchens accepted only where valuer comments …
EPC Rating
Minimum EPC rating: E. Related words: Energy performance certificate, eco, green, environment, efficiency
Acceptable Roof
Standard roof construction of slate or tile Related words: flat roof, thatch
Acceptable Construction
Standard brick and breeze block construction Single brick offshoots / extensions (unless this element is a habitable room) Modern timber framed construction post 1960 (including space4) with masonry outer skin Stone built or brick and mortar built walls Modern steel frames property with brick or block and rendered walls Modern methods of construction Wimpey No …
Serviced Apartments
Defined as a short term let. Acceptable where the Valuer confirms: the security property is suitable for occupation under an assured shorthold tenancy including any restrictive lease covenants (AST will not be required); the ICR calculation fits on the market rent based on an AST; and there is demand for the property from both owner …
Holiday Letting
Defined as a short term let. Acceptable where the Valuer confirms: the security property is suitable for occupation under an assured shorthold tenancy including any restrictive lease covenants (AST will not be required); the ICR calculation fits on the market rent based on an AST; and there is demand for the property from both owner …