Search Results for: hmo
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Features
It’s grin up North
Buy-to-let’s a better bet in the North, says Joanne Christie and savvy agents are working hard to attract the investors.
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Features
Letting fees ban set for Spring 2019, but the devil remains in the detail
The Ministry of Housing, Communities & Local Government (MHCLG ) does not expect the letting fees ban to come into force until Spring 2019...
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Features
How to sell your business for a better price?
Running your own business can be exciting, fulfilling and profitable, but there comes a time when selling up is the best way forward. Sheila Manchester asked the experts.
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Latest property news
Rising cost of rental property licensing schemes revealed
In November last year The Negotiator revealed that the number of selective licensing schemes in the UK had swollen to 533 with a further 25 in consultation. But now the ‘lottery’ of fees that landlords face has also been highlighted, this time by the National Approved Lettings Scheme (NALS). Based on research it commissioned from independent information service London Property Licensing, NALS reveals the costs faced by many landlords in the capital to license their properties. It says these rising costs will force even more landlords out of the market, causing more pain for agents. For example, NALS says the licensing fees for a three storey House in Multiple Occupation (HMO) with five unrelated occupants can range from £125 in the City of London to £2,500 within Lewisham. Higher fees Faced with dwindling central government funding, councils also appear to be ramping up their licensing fees both for HMOs and selective ‘all property’ schemes. The London Property Licensing data reveals that in 23 of London’s 33 boroughs licensing fees are over £1,000 for HMOs. Also, average fees have climbed every year since 2014 and the average cost has risen by 12.9 per cent in 2016/17 and a further 5 per…
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Latest property news
For Sale: Private Palace in London (£100m)
Ultra-prime developer K10 Group has released its plans for Doughty House in Richmond, London, one of London’s most important heritage restoration and legacy projects, to create a £100 million private palace.
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Features
Letting fees ban
It’s a done deal, says Jeremy Leaf, BSc FRICS FARLA but what will the new letting fees bill really mean for estate agents?
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Latest property news
Are we in the middle of a landlord licensing feeding frenzy? UK schemes pass 500 mark
Salford near Manchester is the latest council to go live with a Selective Licensing Scheme after launching its fourth scheme covering 23 roads in the Charlestown and Lower Kersal areas of the city. This means there are now 533 schemes like it in operation across the UK, The Negotiator can reveal, following research by GetRentr, schemes that will soon be reviewed following the government’s announced review of selective licensing last month. It has aggregated all of the landlord licensing schemes in the UK into one database and enables agents and property managers to automatically stay on top of licensing compliance. The Salford scheme covers all types of residential lettings whether they are HMOs or not and will run for five years. Landlords will pay a fee of £625 per property with a discount of £20 on the price for each subsequent property, and a further discount if the landlord is accredited with Salford City Council. It is also offering landlords a £150 discount if they register their properties before 15th February 2018. Consultation The decision to go ahead with its selective licensing scheme was taken after a two-and-a-half month local consultation during which 68 responses were received including representations from…
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Features
What’s behind the government’s attack on buy-to-let?
Does the Government really hate buy-to-let landlords? Andrea Kirkby investigates the changing focus on housing tenure.
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Latest property news
Letting agents face £30k on-the-spot fines
Letting agents in one of London’s poorest boroughs face on-the-spot fines of up to £30,000 and will be forced to repay rents to tenants if they fail to manage properties to the required standards, it has been announced. The London Borough of Hackney, which is the 11th most deprived borough in England but famed for its Hackney Empire theatre and hipster areas such as Stoke Newington, says it will fine agents and landlords who fail to comply with council instructions to make improvements to properties, let overcrowded properties or fail to meet licensing conditions. The borough says it has introduced the civil penalties so that it can take “immediate action” against agents rather than engaging in lengthy court proceedings. Some 34,000 properties are rented privately in Hackney, a third of all households, and rents have increased by 20% over the past five years – a two bedroom apartment in the borough can cost £2,000 a month to rent. “While we’ll still prosecute the most serious offenders, these new fines will give us the powers we need to quickly punish the minority of rogue landlords out to exploit tenants where it hurts – in their pocket,” says Councillor Sem Moema (pictured…
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Features
Tenants: remember their safety is YOUR responsibility, not theirs
Even with a thousand pieces of legislation, there is, says Frances Burkinshaw, still smoke and still fire, so take care of your tenants!
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