Short guides to the questions investors ask me most.
The short answer: nothing changes for the tenant. The tenancy carries on, you become the landlord on the day you complete, and the rent is paid to you from then on.
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Usually, the shop yes and the flat no. A pension can hold commercial property, but HMRC treats a flat as residential property, and residential property held by a SIPP or SSAS triggers heavy tax charges.
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Yes. A HMO licence can't be transferred to a new owner, so you need your own. Apply as early as you can, ideally before you complete, because letting a licensable HMO without a licence is an offence.
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