All Posts in Tag

hmos

Bad landlords trigger tougher legislation plans

Council bosses are considering new rules for landlords after a report highlighted that 85 per cent of private renters think that more should be done to improve living standards. Camden Council’s report that was released last month found that tenants living in 8,585 HMOs in the area complained of black mould, defective toilets, faulty electric…

Agency calls for more HMO legislation

A property agency and management firm says there should be more stringent regulations governing homes in multiple occupation with an accreditation scheme for landlords which would entitle them to licensing fee reductions where appropriate. Mish Liyanage, managing director of The Mistoria Group, says that currently landlords only need to apply for a HMO licence if…

Lenders ripping off landlords?

With interest rates at an all time low, one would not expect there to be issues with lenders charging high fees/rates for landlords who are in a position to borrow for property investment. However there has been a sharp rise in the number of formal complaints from landlords and investors about the valuation they have…

Soaring rents force young to ‘hutch up’

The amount of young professionals squeezing into smaller accommodation has risen as a result of UK rent reportedly reaching an all-time high. According to leading student property investment specialists, The Mistoria Group, ‘hutching up’ involves young people squeezing into smaller accommodation to meet soaring rental costs. Mistoria has seen a 15 per cent rise in…

Rise in complaints about HMO valuations

According to The Mistoria Group, the number of formal complaints made by landlords and investors about the valuations they have received for their HMOs (both licensed and unlicensed) has risen sharply. Mistoria’s research found that the complaints focus on valuers’ property valuations and the excessive fees they charge. The report revealed that a large proportion…