What is a Fire Risk Assessment?

Fire Risk Assessment is a systematic evaluation of fire hazards and risks in an hmo property, required under the fire safety order. must identify fire hazards, people at risk, and evaluate/implement fire safety measures. should be reviewed regularly and updated when circumstances change. For HMO investors, accurate valuations are critical for securing mortgage finance, determining rental potential, and making informed investment decisions. Lenders rely on professional valuations to assess loan-to-value ratios.

Lenders require professional fire risk assessment as part of the mortgage application process. The valuation directly influences maximum loan amounts, with most lenders offering 70-75% loan-to-value ratios for HMO properties. Higher valuations can unlock greater borrowing capacity.

To ensure accurate fire risk assessment, work with RICS-qualified surveyors experienced in HMO valuations. They understand factors that influence HMO property values, including rental income potential and market demand.