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OVER HALF OF LANDLORDS WILL BUY HMO, SAYS NLA
The regulations, which come into force in April this year, aim to improve conditions for tenants in the private rented sector. Under the scheme an HMO will be any property shared by more than two unrelated tenants and which is not owned or managed by a public body. Student accommodation owned and managed by educational establishments which have signed up to a code of practice is also not classified as an HMO, nor is an owner occupied property with fewer than three lodgers.
Mandatory licensing will come into effect for all HMOs with three or more storeys and if there are five or more tenants in two or more households. HMOs that are not subject to mandatory licensing could nevertheless be liable to additional licensing or selective licensing, which local authorities could introduce in areas of low housing demand or with significant anti-social behaviour. To qualify for a licence HMOs will also have to comply with prescribed amenity standards and will also be subject to inspection under the Housing Health and Safety Rating System.
David Salusbury, chairman of the NLA, says: “Landlords are not averse to the licensing of HMOs but are put off by the heavy and complex regulatory framework.
"Many landlords are unsure of how the regulations will affect them and fear the licensing process will be costly and will add to the considerable amount of time they already spend dealing with red tape.”
Almost a third of survey respondents currently either own or manage an HMO. Of those, the vast majority (89%) have an HMO which will be subject to mandatory licensing. Over 69% of landlords feel confident that all of their properties requiring a license will be granted one. However, 15% of respondents acknowledge that some of their HMOs may not be given a license, while 13% are still unsure.
Salusbury adds: “Most landlords are reputable. Regulation is needed to protect private tenants from rogue operators. However, the NLA is concerned that over regulation could lead to a reduction in the number of HMOs available for rent.
"Our survey shows that nearly one in six HMO landlords are considering reducing their portfolios following the introduction of HMO licensing. Ultimately this means that private tenants, who the rules are intended to protect, may end up with reduced availability of affordable accommodation and higher rental costs.”
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