Houses of Multiple Occupancy (HMOs) are an important part of the housing landscape. They appeal to people who don’t need or want to rent an entire house or flat. Additionally, they can be lucrative for investors. Sadly though, they do get some negative press too, typically because of rogues who don’t follow the rules. Several councils in London have actually made moves to crack down on them. Let’s have a look at one of the most recent, then you can speak to us if you need help with guaranteed rent in Harrow and more.

Change

Previously, property owners in Harrow could convert homes into smaller HMOs for 3-6 unrelated occupants from multiple households without needing to get planning permission. It was a freedom owners had because of permitted development rights (PDRs).

However, councils have the ability to change the rules and adapt PDRs. Harrow Council chose to do this earlier in the summer. An Article 4 Direction got approval from the Cabinet on 11th June. As a result, from the following day (12th) all small HMOs in the borough need planning permission. Owners must get it before they can convert any family home into a HMO.

Why?

Harrow Council is currently doing more to establish how developments will take shape in the future in the borough. This includes working on a new Local Plan. The decision to change PDRs is part of this. It gives the council more power to protect the character of the borough. Crucially, they can determine exactly where HMOs will be allowed. Speak to us about assets and guaranteed rent in Harrow.

Additionally, the council made the change to address the concerns associated with HMOs. Common complaints about them include noise, rubbish, parking issues, and anti-social behaviour. Some also criticise their suitability for locations, especially when areas are predominantly for families.

Speaking about the Article 4 Direction, Deputy Council Leader Marilyn Ashton said the change was “about protecting family homes and preserving the character of our borough”. Additionally, it will allow them to protect housing standards. Most importantly, the council is showing that it “puts residents first”.

What does it mean for you?

If you’re an investor or property owners, it’s important to think about the impact of the Article 4 Direction in Harrow. It means converting family homes into HMOs is harder. You will have to follow the rules and get planning permission. This will increase the costs and means projects will likely take longer. So, make sure you think carefully about your plans and the requirements. Consider the area and if a HMO is likely to be allowed.

Exploring guaranteed rent in Harrow

Lots of investors choose assets in Harrow because it has so much to offer. It’s famous for being home to some of the best schools in the UK. At the same time it is a great suburban location with lovely parks, exceptional transport links, and plenty of amenities. All the elements are here to make it a fantastic place to live.

If you invest, we recommend you consider guaranteed rent in Harrow and other parts of London. It’s the best option for your finances, helping you to save money and guaranteeing you get payments every month. Even better, it’s a flexible option with terms to suit any plans.

So, contact us today and find out more.