How will forthcoming changes to HMO regs impact your buy to let business?

[FWL]

Interesting to see changes to the HMO regs set to go live in October 2018:-

https://www.propertyforum.com/property-in-the-uk/what-do-the-new-hmo-regulations-mean-for-landlords.html

 

[diyhelp]

Rumours has it that the new changes will impact near 200,000 properties in the UK and there are some huge fines if you dont abide by the new regs.

 

[FWL]

Yet again it seems as though the minority abusing the system have given the politicians a chance to let the tail wag the dog. Is this opportunistic fundraising or really looking after tenants?

 

[PostBrexitInvestor]

The simple fact is that governments and local authorities across the UK are adding layer after layer after layer of cost to the buy to let market. The HMO sector is one which has perhaps been most impacted although not all private landlords offering HMO properties had been playing by the book. As an outsider looking in, the cost associated with converting an HMO property and the additional regulatory costs would put me off.