A new legislation regarding Houses in Multiple Occupation (HMO) has raised many concerns among landlords. According to the new legislation, landlords would be required to procure planning permission, if they purchase any property that they would be letting out for rent to three or more tenants.
According to a recent research conducted by PropertyEarth.net, 57% of the search for property is for three-bedroom houses, while 21% is for two-bedroom houses. Fifteen percent of the search is for four-bedroom houses.
Responding to this research data, Alan Ward, Chairman of the Residential Landlords Association, said, “First of all it is totally impractical and secondly, it is social engineering because planning law has never been about who can live where – it is always about the use of the building.”
The Residential Landlords Association is left with the feeling that its worst fear has been realised, when the new legislation was passed.
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