15 Apr

Most smaller landlords 'unhurt by regulations'

Most smaller landlords 'unhurt by regulations'

Many landlords are unlikely to be affected by new Houses in Multiple Occupation (HMO) regulations if they operate in university towns, it has been claimed.

Such rules would be aimed more specifically at "professional" investors and so the majority of buy-to-let individuals in such areas would not find a problem, the Association of Residential Letting Agents spokesman, Malcolm Harrison, noted.

Restrictions will not work against these people if they come into place, Mr Harrison contended, because HMOs are used in the main elsewhere at the higher end of the industry.

"You do get buy-to-let investments in flats and houses in university towns, but they won't - on the whole - be geared with HMOs," he commented.

Landlords will usually know, he added, if a particular market is too saturated for investment.

Housing minister Caroline Flint recently stated that such developments could be managed with greater care after a number of problems sprung up.ADNFCR-1222-ID-18552494-ADNFCR

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