October 26, 2009

UK government to limited student landlords, just a scheme to make money?

Filed under: Conversions, Property Investors, UK landlords — Tags: — Richard @ 9:53 pm

The introduction of H.M.O’s regulation was the first real regulation of the U.K. private residential landlords. Many people conclude that the fee’s raised by landlords can only be a good thing and perhaps the scheme should be extended, well now local government have got a taste for the fee’s it seems that they are looking to expand the scheme to cover many other properties within the private rented sector. The only issue with the scheme fee’s is that ultimately the fee’s will be passed onto the tenants, and will hit those that are often on low incomes like students and immigrant workers.
There are also rumors that the powers that be may consider further alterations to the present UK planning system, to force student lets or H.M.O’s to require strict planning approvals. These proposals have been met with robust responses from both the student union and the small landlords association.

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