More than 177,000 landlords will need licences for their buy-top-let properties under a new scheme which expands on 1 October. And failure to comply with the tough new rules could result in fines of up to £20,000.
New rules due to take effect in England and Wales in just three weeks will broaden the definition of a House in Multiple Occupation (HMO), bringing thousands of landlords under the scheme, and introduce new minimum requirements for the property.
Which? explains how the rules might affect landlords and what you need to do.