Heritable Bank reveals that HMO licensing scheme is harming the buy to let market
Language: English Series: Agreement ; 14(6) December 2007, 17(1)Publication details: 2007Subject(s): Summary: Reports on a survey by Heritable Bank into the effects of licensing requirements for Houses of Multiple Occupation (HMOs). Highlights inconsistencies in local authority licensing requirements; that licensing arrangements are deterring landlords from investing in this sector; and that 23% of landlords are unaware of the HMO licensing scheme. Calls for an update of the entire scheme. The survey was across 60 local authorities. Also notes that councils' licence fees vary between 1, 3 and 5 year deals; that geographical factors do not affect the licence fee cost; and that the most complex licence arrangements are found in Wandsworth.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141840 (Browse shelf(Opens below)) | 1 | Available | 141840-1001 |
Reports on a survey by Heritable Bank into the effects of licensing requirements for Houses of Multiple Occupation (HMOs). Highlights inconsistencies in local authority licensing requirements; that licensing arrangements are deterring landlords from investing in this sector; and that 23% of landlords are unaware of the HMO licensing scheme. Calls for an update of the entire scheme. The survey was across 60 local authorities. Also notes that councils' licence fees vary between 1, 3 and 5 year deals; that geographical factors do not affect the licence fee cost; and that the most complex licence arrangements are found in Wandsworth.