Bexley could be the latest London borough to inflict increased regulation upon its landlords, with a consultation in place to create a new licensing scheme.
Bexley council has allegedly faced pressure from residents protesting against houses in multiple occupation (HMOs). This has led to the launch of a consultation to create a new licensing scheme. Licensing schemes are becoming an increasingly popular way for councils to regulate and improve the buy to let sector in a designated area, yet can prove costly and troublesome for landlords. A free event will be held for landlords next week in order to inform them of the proposed regulatory changes.
The consultation ends on the 24th of January.
National Landlords Association policy officer, Gavin Dick, commented: ‘It’s important local landlords are made aware of any potential changes to the way they let property, particularly if they will need to apply and pay for a license. Licensing schemes can have a significant impact on landlords and their businesses, and so it is vital those in Bexley are aware of the proposed scheme.’
He continued: ‘Meetings such as these provide a vital resource to keep landlords informed and updated, as well as an opportunity to pose questions, discuss the implications of the scheme and to plan accordingly.’