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Article 4, HMOs and risk of repeal?

cgk1
cgk1 Posts: 1,300 Forumite
Tenth Anniversary 1,000 Posts Combo Breaker
edited 24 November 2013 at 7:25PM in House buying, renting & selling
Got a friend who has seen a really nice flat that they like, went to look at it with them and everything seems fine - however it turns out that one of the other flats is a HMO (three students) - it's two blocks with ten flats each. The area is subject to Article 4 to limit the development of further student properties but now she is worried she could buy it, article 4 disappears and they are suddenly stuck with a property they cannot sell because all the other flats are turned into HMOs full of students and the building turns into party central?

Is she over-thinking it or would it put you off?

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