The National Landlords Association has warned government proposals to introduce a licensing system for houses in the privated rented sector could deter buy-to-let investors.
The NLA says it is concerned new definitions of houses of multiple occupation (HMO), which come into force in October as part of changes introduced by the Housing Act 2004, will lead to less investment in the buy-to-let market, rather than more. It claims once a property has been licensed as a HMO, it will not be possible to convert it back into a single dwelling. Moreover, it is concerned that in London, in particular, the new licensing rules could lead to local authorities preventing private landlords from de-converting a HMO. In doing so, the NLA says local authorities may cause ...
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