An investment company claims government and councils should do more to stamp out so-called rogue landlords who, it says, are giving Homes in Multiple Occupation a bad name.
Multi-Let UK - a firm that makes it money by marketing individual rooms in HMOs as investments - says a survey it has conducted of 500 investors shows 70 per cent wanting more official action by the authorities, and 52 per cent wanting more council visits to HMOs to check they are of appropriate standard. Some 48 per cent want increased penalties for offending landlords.
The majority (73 per cent) believe slum landlords are giving HMOs a poor reputation, but over 50 per cent admit stress and difficulties in ensuring that their own properties are compliant with current regulations.
“There’s a dark side to the UK’s rental market with unscrupulous landlords, renting HMOs to numerous tenants, which are neither safe or secure and openly flouting the law. HMOs are particularly challenging, with complex legal compliance requirements, mandatory and additional licensing, building regulations and an increased governance over the HMO sector” claims a spokesman for the firm.