Landlords new laws for hmo in UK
Landlords responsible for hoses of multiple occupation (HMO) may be affected by new laws introduced in April 2006.
The new law states that properties of three or more floors, with five or more tennants belonging to two or more households, need a license from the Local Authority. Some Local Authorities may also license smaller private rented properties according to circumstances.
Local Authorities will grant a license if a landlord is considered "fit and proper"and can demonstrate that tenancies and property are well managed. The accomodation should also meet minimum standards; (such as sufficient number of toilets, kitchens and bathrooms, for the number of residents.) The cost pf the license varies acording to the local authority but may be around £1,100.
More information on mandatory licensing are available at www.propertylicense.gov.uk
for information on mortgages for landlords go to www.you-can-mortgage.co.uk
Jerome Thompson CERT PFS
The new law states that properties of three or more floors, with five or more tennants belonging to two or more households, need a license from the Local Authority. Some Local Authorities may also license smaller private rented properties according to circumstances.
Local Authorities will grant a license if a landlord is considered "fit and proper"and can demonstrate that tenancies and property are well managed. The accomodation should also meet minimum standards; (such as sufficient number of toilets, kitchens and bathrooms, for the number of residents.) The cost pf the license varies acording to the local authority but may be around £1,100.
More information on mandatory licensing are available at www.propertylicense.gov.uk
for information on mortgages for landlords go to www.you-can-mortgage.co.uk
Jerome Thompson CERT PFS
Labels: mortgages
posted by Reef Financial Services at 15:02
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