Two major lenders have reported a strong uptake in the first month of the government's extended Help to Buy mortgage guarantee scheme.
Royal Bank of Scotland (RBS) and Halifax said they had received a total of 2,384 applications, potentially worth £365m in mortgages.
The scheme is designed to encourage lenders to offer mortgages with deposits as low as 5%.
But critics are concerned it could help to create a UK housing bubble.
RBS and its subsidiary NatWest, and Halifax - owned by Lloyds Banking Group - are among the few lenders to offer mortgages under the government's extended scheme.
There are many properties that will now fall under the definition of a HMO (Houses in Multiple Occupation), broadly those occupied by more than three people who form more than one household, but this is open to interpretation by the Local Authority.
Since 6 April 2010, changes implemented by The Town and Country Planning (Use Classes) (Amendment) (England) Order 2010 mean that landlords wishing to let their property to professional sharers or students may need to obtain planning permission to change the use classification of their property.
scottfraser offer free of charge advice if your property requires planning permission or falls into the HMO mandatory licence and can assist you with any specific requirements. Our in-house Compliance Officer, Sian Wallace, ensures that our HMO properties comply with any updates to the legislation.
Oxford City Council Contact for HMO Registration:
HMO Licensing Officer
Environmental Health Department
Oxford City Council
10 St Ebbes Street
Oxford OX1 1PT
Download the Oxford City Council Amenities & Facilities Guide for Landlords
Or for quick reference download our HMO Factsheet for Landlords.