Could changes to shared houses decrease supply?
The government has proposed new local powers will be introduced to control the spread of high concentrations of shared rented homes and to tackle incidents unsafe and substandard accommodation run by bad Landlords, it has been revealed.
Housing and Planning Minister John Healey made the announcement this week, stating changes mean that Landlords will need to apply for planning permission in order to establish new houses in multiple occupation.
This could include changing a family property into one which can be shared between three unrelated individuals.
New renting guidelines may provide peace of mind to Britons looking for property to rent in Eltham or another part of London.
However, Chris Horne, editor at Property Hawk, warned the proposals could also lead to a fall in supply of housing.
"I think it will create a huge amount of uncertainty for Landlords looking potentially to buy property to rent out to multiple lets, resulting in a reduction in supply of letting property," he added.
Written by Charles Mackay
Published 29th January, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
New £200 million Tower Hamlets development agreed
A planning application for redevelopment of part of London's east end was approved by local authorities.
Read Article ... Published on 16th March, 2010
Award-winning office development to bring prosperity to Southwark
An office complex, soon to be occupied by one of London's big accountancy firms, has won high praise for its sustainability.
Read Article ... Published on 16th March, 2010
Fewer first-time buyers getting on to property ladder despite Treasury proposals
First-time buyers are said to be finding it harder to get on to the property market despite government attempts to make it more affordable to buy.
Read Article ... Published on 15th March, 2010
Multi-billion pound London development good for local tenants
Anyone looking for property to rent in the London borough of Camden will be very interested in new developments around the area.
Read Article ... Published on 15th March, 2010
Is first-time buyer market losing out?
The middle to high end of the property market is currently doing better than the first-time buyer market, it has been revealed.
Read Article ... Published on 12th March, 2010
Bad weather 'may push up insurance rates'
UK insurers have forked out millions of pounds in recent months to cover the damaged caused by what is now known to have been the coldest UK winter in three decades.
Read Article ... Published on 12th March, 2010
Majority of young families 'cannot afford London home'
The majority of couples - 90 per cent - aged under 40 and with young children are unable to take their first steps on the property ladder if they live in London, new figures have found.
Read Article ... Published on 11th March, 2010
Brits 'struggling with energy bills'
Following the coldest UK winter in three decades, many Britons got an additional chill when they received their energy bills for these months, it has been revealed.
Read Article ... Published on 11th March, 2010
House prices 'need to fall further'
The government needs to do more to help first-time buyers afford to take their first steps on the housing ladder, one sector commentator has claimed.
Read Article ... Published on 11th March, 2010
Should Brits forget homeownership until their 30s?
Owning their own home could be becoming an increasing pipedream for many people in the UK, with one sector commentator warning Britons may not be able to climb on to the first rung of the property ladder until they are in their 30s.
Read Article ... Published on 10th March, 2010
