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Minister Announces Research into Houses in Multiple Occupation

hmo investmentRecently a Housing Minister announced that the Government has commissioned research into the impact of Houses in Multiple Occupation (HMOs).

In addition to collecting evidence, the research will examine how local authorities are tackling problems caused by high concentrations of HMOs in their area.

Housing Minister, Carl Sargeant  says  “Houses in Multiple Occupation make an important contribution to the private rented  market but it is clear that high concentrations of them can affect the stability of the local community.

“While HMOs provide much needed housing for specific groups, such as students and nurses, these homes are often lived in only during term time, when issues such as increased waste and noise may be more apparent.

“I know many Assembly Members have received letters from residents concerned about HMOs in their areas and in towns with a large university population this is an issue for many people.

“The research I have commissioned from Opinion Research Services (ORS) will look at the nature of the problem and suggest potential solutions.

“The study will also review the different approaches taken by local authorities with high concentrations of HMOs before the research is completed early next year.”

The Mistoria Group, HMO specialist in the North West  – Welcomes this research

Mish Liyanage, CEO of Mistoria Group says that “as the leading provider for HMOs in Northwest  we welcome this research. We as a property group have refurbished almost 100 derelict properties over the last 4 years which have been health and social hazards to residents in Salford and Liverpool. Our refurbishments are done up to hotel standards and we follow a professional approach in sourcing and placing student and nursing tenants.  Stick guidance are given to tenants that Anti-Social behaviour is not tolerated and could result in termination of their tenancies, Quarterly inspections carried out on HMO properties ensure damages to the properties and misuse of utilities are minimised. We always strive to work closely with the tenants, landlords, and councils as all three stakeholders play a huge role in our success so far “

The Mistoria Group is a one-stop- property solution for property investors and landlords offering cash yields in excess of 13%, in high yielding HMO. We also specialise in buy-to-let and provide property management. For more information on our current available property investments and the services we offer email us at info@mistoriagroup.com or call us on 0800 500 3015.

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