New proposals, which will require buy-to-let owners to apply for planning permission if three or more unrelated people are living in one of their properties, are a “tax on landlords”, one expert has stated.<\/p>\n
Chris Horne, editor at Property Hawk, says: “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.”<\/p>\n
The plans, outlined last week by housing and planning minister John Healy, are hoped to tackle the issue of unsafe and substandard accommodation.<\/p>\n
Mr Horne adds that the proposals, set to come into force by April, mean that landlords may be deterred from purchasing buy-to-let properties because they will not know whether they are likely to get planning permission to rent out to multiple tenants. <\/p>\n
Similarly, the Residential Landlords Association reacted in a negative manner with Alan Ward, chairman of the group, calling the plans “deplorable and draconian”. <\/p>\n
\u00a9 Houseladder Ltd<\/p>\n","protected":false},"excerpt":{"rendered":"
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