HMO licences will affect selected rental areas

An HMO has five or more unrelated tenants who live over three storeys or more, although a two storey property with an occupied basement will also count, and the cost of each licence, which is approximately £1,100, will be decided by the Local Housing Authorities, but should only bring in enough revenue to fund the licence system. Lee Grandin, managing director of buy-to-let broker Landlord Mortgages, says although some industry pundits have predicted these new regulations will cause rents across the UK to rocket as landlords struggle to reclaim the cost of HMO’s from their tenants. He b...