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Registered with Property118.com
Wednesday 18th August 2021


Latest Comments

Total Number of Property118 Comments: 2

rod.townson@yahoo.com

18:38 PM, 16th October 2021, About 3 days ago

Lender says letting out as licenced HMO breaches terms and conditions?

So, we all now understand that an HMO is where you have 3 or more tenants in a property who are not all related.
Just to state the obvious, a mandatory HMO is where you have 5 or more tenants who are not all related.
Lenders often do not understand the definition of an HMO and generally regard them as higher risk, hence higher rates.
Some regard separate tenancies as higher risk as there is no joint and several liability (but then you should draw up a new a joint agreement - and protect any deposit in the relevant tenant names - each time a tenant is replaced).
Even councils don't always get it - demanding joint tenancies for students to claim council tax relief.
As has been said, ignorance is no excuse.
Join a landlord association and do their accreditation training.
Take a look at ihowz.uk... Read More

rod.townson@yahoo.com

18:04 PM, 18th August 2021, About 2 months ago

Ealing proposed Licensing schemes

The landlord association, iHowz, were the defenders of honest landlords, who took on Brighton. They have also worked with Thanet and Southampton to secure concessions, resulting in simpler, better managed schemes.
You can follow progress on how things are progressing and how to get involved by taking a look at their website.... Read More