10 Downing Street Heads for HMO Status

May 7, 2010 - PRLog -- Neil Young, CEO of property portfolio managers, Young Group, points out; “Under new rules rushed through the Commons before the dissolution of parliament – and without the usual consultation process – houses occupied by 3 or more unrelated parties now need to be reclassified as House of Multiple Occupancy and require a change of status.  Perhaps more thought should have been given to this ill-conceived change in legislation that many in the industry are lobbying to be overturned.”

ABOUT YOUNG GROUP
Young Group was established in 2003 by a team of surveyors and accountants to enable investors wishing to hold residential property to do so with the same ease as they would invest in any other asset class.

Young Group specialises in delivering Property Portfolio Management services to private and institutional investors. The Group’s activity spans the entire investment cycle from identifying opportunities and financing their acquisition, through to managing the asset (tenanting through our Sunday Times’ award-winning agency, Young London; furnishing through Young Furnishing; financing/refinancing through Young Finance).  Young Group’s Portfolio Management team also regularly reviews the performance of the property holdings, advising on strategic direction, whether it be securing new acquisitions or realising returns in the most tax efficient manner.

Young Group proudly supports NORWOOD and CHILDREN with LEUKAEMIA, charities doing valuable work which that is particularly close to our hearts.

For more information, visit:  www.younggroup.co.uk