To accept a huge loss on my house

That’s a great idea

You can take your welcome and your demographic code. I live next door to an HMO hasn’t made any difference to house prices on either side. I’ll go for another estate agent and approach the council about antisocial behaviour.

Do check the planning but also be aware councils often put single homeless men into this type of accommodation.

My house was up for sale last month and the only offer I got was from a hmo speculator. They make vast sums of money and don't think about communal spaces. They turn sitting rooms and dinning rooms into further bedrooms so these men (it's nearly always men) have nowhere to spread out. It's becoming a big problem in residential areas. It's also greedy and stinks of 1970s rent racketeers. I said no to this buyer but it's cost me £70k @CurlyHairMare1

I'm mid terrace & houses either side are HMOs. They have never given me any trouble (except for when he was actually converting the place). They're usually only there for short stays. They're crammed in though. 3 & 4 bed house, 5 people in one, 8 in the other. I think the kitchen must be the only communal area left. I live opposite a hospital so I can see why he did it.

Remortgage and rent?

honestly don’t go 100K less…no..

You do need planning permission and OP should check if they got it. It’s often refused if it’s going to negatively impact neighbours.

Expect more of this kind of behavior as the immigrants currently housed in crappy hotels are turned out but still need to be homed here rather than being returned.

That is really shit, very unfair the HMO is devaluing your property, forcing you to move from the home you've loved.
There should be planning permission so residents can object to the hmo.

Check he has planning permission for the changes he made to the house. I recently saw a house for sale that was an HMO. Council planning dept had refused his planning application but he did it anyway. The dept that gives the HMO licence is not necessarily joined up.

Haven't RTFT.
We had awful neighbours in our old house. We part exchanged for a new build. I would highly recommend looking at this as an option.
Second option - auction.
Get out of there and good luck.

surely the man who bought the property was dishonest when he brought it. Could you not contact the council and ask them to remove the HMO license? It seems so unfair that you should lose such a large amount of money so that he can make loads of money.

I see others have posted in a similar vein.

I would suggest you check in this order:

1 Check council website for planning permission and for correct procedures have been followed e.g. where notifications were posted.

2 Check council website whether the property is licensed as they have a statutory register of HMOs and the conditions.

3 Consult with Citizens Advice before complaining to The Local Government & Social Care Ombudsman who investigate complaints about local councils,

Be warned, homelessness is such a problem for local councils that, unless there is a complaint, they don't investigate breaches of planning laws.

@RogueFemale Believe OP said in the thread that they are often outside, at the front of the house, so buyers no doubt have seen them and its put them off.

HMO is a house with multiple occupancy

I lived right next to HMO, a small 3-bed which every room was turned into an occupied one, with around 10 people living in it, at my previous house. Luckily it didn't bother my purchasers and I believe nearly 20 years later, they are still there today.

Have you considered going down the auction route and selling that way?

Thats actually such a good idea!

Worth a look....

https://urbanistarchitecture.co.uk/do-i-need-planning-permission-for-hmo-house-in-multiple-occupation/

@CurlyHairMare1 "I put my house on the market in Spring and I just can not sell it due to the HMO. I’ve had a number of offers accepted and they have all pulled out when they have found out what I’m attached to so I’m now declaring it up front.

Would I be unreasonable to sell my house for way under asking price just so I can get rid of it? The estate agent has suggested it would need to go for nearly 100k less to even get any kind of interest.
I’m exhausted with the whole situation."

How are the potential buyers finding out about the HMO next door? it's not something you have to declare on seller forms, is it?

Which city is this? Can you ask if the landlord would buy yours too?
If you advise on the city - happy to do some research for you as cant imagine how difficult this is for you!

Which city is this? Can you ask if thr landlord would buy yours too

I'm going to respond to this from two angles, firstly as a former planning officer I can say that in no authority that I've worked in have we had anything to do with licencing, wouldn't be consulted on a licence, wouldn't be told if one had been granted. Grant of a licence does not invalidate the need for planning permission and vice versa. I would strongly advise submitting a complaint to the planning authority that your neighbour has undertaken work without planning consent, and their enforcement team will look into it.

Secondly as someone who has experience in the current buying/selling market in general, it's a tough time in a lot of areas, have you approached one of the 'we buy any house' type places? While they usually offer under market value, it's usually around 85% of the value rather than the sort of figures you're looking at, so I'd consider contacting a few of them, make up a 'I need to sell quickly as I need to move away for work' type story and see what offers are made.

Give yourself a time limit then reduce bit by bit? It's a shame when this happens and, although some HMOs can be fine they are off putting for buyers. Xx

This is a genius idea.

And a risky business model, pray for higher interest rates, he might go bust and a nice family could buy it off him.