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Landlords may be affected by planned HMO changes
Posted by Mark Cunningham
Changes to the HMO system announced by the new housing minister may impact on landlords.
Grant Shapps has announced he intends to amend a change made recently by Labour while it was still in power concerning rental properties.
He noted that the new administration will allow councils to decide how to handle their own stock of houses of multiple occupation (HMO).
The politician remarked: "I understand the concerns of local people who see their neighbourhoods being damaged by undue concentrations of HMOs and the significant impact this is having on their quality of life."
However, there are many areas in which such homes do not cause any difficulties and provide a much needed supply of low-cost residences, Mr Shapps added.
The development has been welcomed by operations manager of the Association of Residential Lettings Agents Ian Potter, who claimed it is a positive step forward and will benefit the sector.
18/06/2010 16:19
News category: Property