The government has given the go ahead to what will be one of the UK’s largest selective licensing scheme outside of London.
Only yesterday Letting Agent Today reported that Nottingham was getting tough with unauthorised To Let boards; now it seems the council also has the powers to introduce mandatory licenses for landlords of around 31,000 private rental units within its boundaries.
This constitutes around 90 per cent of all privately rented homes within the city.
Money raised through the scheme will help to cover the cost and the council says it hopes to be able to introduce the scheme from summer this year.
“Having a Selective License will allow landlords to demonstrate that they provide good accommodation for tenants. The cost of licensing will be reduced for responsible landlords who gain Nottingham Standard Accreditation via DASH or Unipol. Tenants will also be able to check on both licensing and accreditation which will help to drive up private rented standards” explains councillor Jane Urquhart, the city council’s portfolio holder for Planning, Housing and Heritage.
The proposed cost of the licence is to be confirmed and is subject to final approval by the council’s executive board.
However the authority says it is likely to be less than £2 per week per property for accredited landlords and no more than £3 a week for non-accredited landlords.
* An earlier version of this story suggested the Nottingham city council scheme may be the largest in the UK outside London. Our thanks to London property Licensing for alerting us to the fact that the largest beyond the capital is Liverpool's.
A new licensing scheme in Nottingham has moved a step closer with...
Consultation has begun on a new licensing scheme for landlords being...
A firm has been fined £29,000 after a rental property was...
A scheme which some regard as the most controversial landlord licensing...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Attention estate agents: if you're looking for a bumper Christmas bonus,...
%20(002).png)
In today's fast-paced and ever-evolving property industry, it’s essential that forward-thinking...
.png)
I think we can all agree that the National Trading Standards...
.png)
In September last year, flatfair, a deposit alternative provider, released their...
Introduction The lettings market is no stranger to the complexities and challenges...
%20(002).jpg)
Interim inspections are a necessity if you want to avoid property...
It’s no secret – 2023 is a difficult year for the...
The law is clear – agencies in England, Scotland and Wales...
The Oxfordshire based PropTech founders and software developers of Openview, today...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Jump to latest comment and add your reply
Only £2 per week.....bargain! So, £16 MILLION into the council housing budget to help cover its inability to perform its obligations under Part 1 of the housing act! All at the expense of the 95% responsible landlords whilst the rogues and criminals sit there laughing at the entire market. Perhaps a national private rented sector tax would be easier to swallow.
31,000 properties at £2 per week is M£16? I don't think so.
£2 X 52 X 31,000 = £3,224,000. Your calculator is busted and I suggest that you check your figures before opening mouth and inserting foot.
Paul it's £3.2m a year, the scheme runs for 5 years, making £16.12m over the whole span of the licensing scheme.
All of this extra licensing and costs, such as paid training via the council to earn a discount... I think its rather unfair. This won't affect the rogue landlords or the agents like Spicerhart who are happy to manage unlicensed HMOs let along manage unlicensed properties or Foxtons who can't prove their properties meet safety standards.
All this is going to do is further price individual, compliant landlords out of the PRS which may cause rental shortages, increasing rental demand and pushing rents up... Rents will increase to absorb the cost of selective licencing too which means the only people who lose out as a result of rogue landlords are the tenants in properties owned by good landlords. Well Done, Nottingham!
These scheme is beneficial for the government as well as landlords. However it might also upset majority of landlords in this business. Being a top rated letting agents in Nottingham we have got them covered.
It’s not beneficial to anyone, the council has the powers to deal with rouge landlords but never used it. All this is doing is increasing rents. I have raised all my properties by £25 pcm to cover the costs and extra admin. My rents have not increased for 2 years again the I wouldn’t have increased rents this year except for the licensing
Please login to comment