Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
Details of the highly controversial Landlord Licencing Scheme boundaries have been released by Newham Council. As of January 2013 it seems likely that landlords within the catchment area could have to pay landlord licencing scheme fees of as much as £500 a year for each property they wish to let or risk fines of up to £20,000. Do not be fooled into thinking this only affects landlords with property in Newham. If this scheme is deemed to be a success how long do you think it will be until it is rolled out Nationally?
As can be seen from this picture during a debate I had with the Mayor of Newham earlier this year I was none too impressed with his proposals back then. At that time he was trying to assure me that landlord licencing scheme fees would only be £30 a year! I think we ought to have a caption competition for this picture don’t you? Please leave your caption in the comments section below this article. I will add my favourite caption to the picture. As much as the proposed landlord licencing scheme may make you want to swear, please do not use foul language.
Details of Newham Council’s selective and additional licensing scheme have been made available online that state the boundaries of the area in question requiring licences, as of January 2013. The council is the first to undertake such a large, wholescale landlord licensing scheme
The scheme is hoped to improve the standard of private rented properties in the area and to improve the growing anti-social behaviour problem but landlord groups have argued that the Council already have sufficient powers to deal with the any problems. Landlord groups have also commented that the shocking propaganda being used by the Council is grossly unfair. Clearly there is a major housing issue in the area as the Council were recently accused of attempts of social cleansing when they looked to do a deal with Stoke on Trent to ship out their benefits claimants. Landlords who are found to be unlicensed could be hit with fines of up to £20,000 while breaking the terms of the licence could mean fines of up to £5,000.
At property118.com we are very keen to hear the views of all landlords nationally regarding the Newham Landlord Licencing scheme. How would the creation of such a scheme in your area affect your attitude to investment in property?
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