PayProp COO: "The quality of houses to rent must improve"

February 19, 2019
Share this Post: 

When it comes to the private rental sector of the industry, the the kink in the chain is definitely sub-standard homes and getting these homes in order and ready to re-enter the market is tough with the increase of government involvement.

That’s the message from the COO of automated payment platform PayProp UK, Neil Cobbold.

He says the government's review of the Housing Health and Safety Rating System, or HHSRS, is happening at just the right time for the fast-growing lettings sector.

The HHSRS was introduced in 2006 as a provision of the Housing Act 2004

It provides local authorities with the means to check health and safety in residential properties: councils can use the HHSRS to recover costs from landlords for repair works or order them to carry out improvements.

Typical hazards that can be flagged through the HHSRS include damp, overcrowding and fire risks, with issues ranked in importance and starting with a 'category 1' hazard as the most dangerous.

Back in October, the Ministry of Housing, Communities and Local Government announced a review of the HHSRS - a move welcomed by Cobbold in the light of the findings of the most recent English Housing Survey, published in January.

This shows that the private rental sector accounts for the highest proportion of ‘non-decent’ homes at 25 per cent. For a home to be considered 'decent', it must meet HHSRS minimum standards with, amongst other things, no category 1 hazards. 

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference, Mar 19-21, 2019

February 19, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Vs Rea Group
Analysis: Hemnet Still Playing Catch-up to REA Group When It Comes to Vendor Paid Advertising

Vendor-paid markets are great for real estate portals. For more than a decade the leading Swedish player Hemnet has charged...

Read More
Ohmyhome Full Year Results Net Losses But Big Ambitions
OhMyHome 2023 Full-Year Results: Net Losses But Positive Outlook for Nasdaq-listed Marketplace

The Singapore-based publicly listed company OhMyHome has released its 2023 full-year financial results. Highlights include: Revenues totalled S$5.0 million (US$3.8...

Read More
Homely Financial Results
Australian Portal Homely Records 16% More Enquiries in 2023

Australian challenger portal Homely generated over 15.5 million enquiries in the 12 months from April 2023. Homely, which competes with...

Read More
Yandex Q1 Strong Performance From Divested Assets
Yandex Q1 2024: Net Losses for Remaining Assets After Large Scale Divestments

Yandex N.V., the Dutch holding company of the marketplace giant Yandex, has released its financial results for the first quarter...

Read More