Tag Archives: Newham Council

Newham Council new Landlord Licensing – advice needed Latest Articles, UK Property Forum for Buy to Let Landlords

Newham Council new Landlord Licensing - advice neededIf anyone is a current landlord in the borough of Newham please can you share your experience of council expectations of standard let properties?

I have reviewed their guide, however, today a letting agent commented that a buy to let property I was considering was very, very small and wouldn’t pass the council’s requirements.

I was surprised as the house was not small!

I checked the minimum square metre requirements for the bedrooms, kitchen and living/lounge/reception which seem to be pretty reasonable, i.e. not exceptionally large, e.g. 1 adult occupant in a bedroom, size must be minimum of 6.5 square metres.

Given the comment from the letting agent, I am now wondering if there is more to the story that is not being outlined/highlighted in the documentation that the council provide?

There is also a massive 30,000 application backlog in their system at the moment!

From what I have read, it appears at first pass that a landlord can’t legally let tenants move in until the license has been granted for new properties. The advice at the moment is that it takes 8 weeks to process the application (not sure if that takes current backlog into consideration), which is two months of mortgage payments without income from the property.

Is my understanding correct?

Has anyone bought and tried to license a property in Newham in 2013?

Any advice, warnings or tips you can offer will be appreciated.

Cheers

Sondra


Private Rented Sector Licencing Debate Landlord News, Latest Articles, Property News

Richard Cubitt, a reader of Property118 has submitted the following summary of Private Rented Sector Licencing. In an email to the Editor or Property118 Richard said “All of this information is all in the public domain but I think that the wider implications are worth bringing to general attention. Thin edge of the wedge!! The application form is something else. 11 pages of detailed information.” Continue reading Private Rented Sector Licencing Debate


Landlord licencing scheme boundaries released by Newham Council Buy to Let News, HMO's & Student Lets, Landlord News, Latest Articles, Lettings & Management, Property Investment News, Property Market News, Property News

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? Continue reading Landlord licencing scheme boundaries released by Newham Council


HMO outrage for landlords & tenants – this time it’s Council Tax! Buy to Let News, HMO's & Student Lets, Landlord News, Latest Articles, Lettings & Management, Property Investment News, Property Market News, Property News, Property118 News

We have received an anonymous tip off that could cause yet another HMO outrage and could be a disaster for both landlords and tenant groups if the rumours are indeed true and are implemented.

Allegedly, Torbay Council collated data of all HMOs in their area two weeks ago and are intending to charge Council Tax based on each room being a Band A property (£996.55 a year currently). By way of comparison, a six bed HMO now in Band E would incur a council Tax bill of £1827.01 per annum. The new plans will yield £5,979.30 a year. That’s a whopping 227% increase!

Continue reading HMO outrage for landlords & tenants – this time it’s Council Tax!


HMO landlord fined £5,500 for letting filthy home Buy to Let News, Cautionary Tales, Landlord News, Latest Articles, Property Maintenance, Property News

The landlord of a filthy and overcrowded shared house was fined £5,500 after admitting 23 licensing and management offences to magistrates.

Jan Assakzai 42, of Friars Road, East Ham, London, picked up the fine at Thames Magistrates Court and was also ordered to pay £300 legal costs and a £15 victim surcharge. Continue reading HMO landlord fined £5,500 for letting filthy home


London council wants to licence 35,000 buy to lets Buy to Let News, HMO's & Student Lets, Latest Articles, Lettings & Management, Property Investment News, Property Market News

Newham Council has completed stage one of a grandiose plan to licence 35,000 buy to let tenancies.

The Labour-led council wants to become the first to achieve the milestone and is looking to extend a pilot scheme in the neighbourhood improvement zone of Little Ilford that has seen 257 licences issued. Continue reading London council wants to licence 35,000 buy to lets


Property118 Landlords Newsletter – Issue 112 Newsletter

This week’s edition features Ben Reeve-Lewis at the Property Investors Show, a challenge from Mark to Tony Robbins, Vanessa Warwick tackles tenant referencing and Neil looks at some completed finance deals. There’s plenty in the news too with regulation, Newham

Continue reading Property118 Landlords Newsletter – Issue 112


Newham council wants to traffic tenants out of London Buy to Let News, Latest Articles, Property Market News

Housing minister Grant Shapps has accused Newham Council, East London, of ‘playing politics with peoples’ lives’ over a radical plan to shunt homeless families out of the capital because benefit caps do not allow them to move in to local buy to let properties.

The council has a housing waiting list of 32,000 people and claims cuts to housing benefits mean tenants can claim a monthly allowance of between £250 for a one-bedroom flat and £400 for a four-bedroom property. Continue reading Newham council wants to traffic tenants out of London


The Great PRS Licencing Debate Buy to Let News, Latest Articles, Lettings & Management, Property Investment News

Whilst there were only 50 delegates at the event the speakers were all very high profile. The debating panel included CEO’s from ARLA, the NLA, The Property Ombudsman and Sir Robin Wales, the Mayor of Newham who sparked off controversial debates surrounding his plans to introduce compulsory licencing for Newham landlords (read my thoughts below the video). The feedback after the event has been tremendous with interest from the press and many tweets such as Continue reading The Great PRS Licencing Debate


Fizzy hopes bubbly buy to let profits will boost social housing Buy to Let News, Latest Articles, Property Market News

A cash-rich housing association is looking to buy to let to generate funds for social housing.

Thames Valley Housing Association has bought 63 flats to rent to young professionals in Epsom, Surrey, and plans to sink another £200 million in to further private rented property. Continue reading Fizzy hopes bubbly buy to let profits will boost social housing


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