Parents face red tape over student housing
www.moneynews.co.uk > Mortgages > Parents face red tape over student housing
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Parents face red tape over student housing
Thu 11th Aug 2005
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The new rules will see landlords who preside over properties that are more than three storeys high and house more than five people needing a licence, as well as having to comply with new health and safety guidelines.
Licences will range in price depending on the number of habitable rooms, excluding bathrooms and kitchens.
Every council will be able to set its own prices, so licence costs will vary from place to place.
All these additional costs need to be taken into account before deciding on which property to buy.
However, experts are urging investors not to be put off, just to be aware of the implications of their purchase.
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