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Large house - looking to rent it out
runninglea
Posts: 907 Forumite
Looking for advice on letting large house out
The house has two living rooms, large kitchen, bathroom and extra room downstairs
Middle floor 3 bedrooms and one bathroon
Third floor one bedroom and bathroom
If I let it out to one family then it would have to be a large one!
What is required when letting either as single rooms to either students, nurses, teachers etc
Do all rooms need own meters etc and what about coucil tax
Any advice would be appreciated
The house has two living rooms, large kitchen, bathroom and extra room downstairs
Middle floor 3 bedrooms and one bathroon
Third floor one bedroom and bathroom
If I let it out to one family then it would have to be a large one!
What is required when letting either as single rooms to either students, nurses, teachers etc
Do all rooms need own meters etc and what about coucil tax
Any advice would be appreciated
Year 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,600
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,600
0
Comments
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Hi runninglea
You are proposing to let the house as a house in multiple occupation (HMO). There are very strict and complex laws governing this type of occupation. Depending on the size of the house and the number of tenants you intend to have the property may require a licence. You may need to install an automatic fire detection, emergency lighting, and fire doors. In addition there may be rules on the size and number of kitchens and bathroom/wcs.
I strongly advise you to contact your local council, either the Environmental Health or Housing department, it varies from council to council.
Good luckDebt May '13 £1121
DFD Jan 140 -
Also, if you are a complete newbie to letting, you might find this and the links it contains useful:
http://forums.moneysavingexpert.com/showpost.php?p=41160642&postcount=120 -
If you let the property to one family, then there will be no probles, but to rent it to individuals, the it will be a HMO, this will not only cost you a lot of money to bring it up to council standard, which is strict.
Also many councils are limiting the number of HMO's in a town and some are licensing them, so a call to the council will answer all your questions.This is my opinion, a little knowledge from experience.0 -
you would have a 3 storey 5 bedroom property - that is instantly into mandatory licensing territory - failure to licence is a criminal (not civil) offence with fines up to £20k. The safety requirements as hinted at above will be exacting and could be expensive if needed from scratchflyingember wrote: »Hi runninglea
You are proposing to let the house as a house in multiple occupation (HMO). There are very strict and complex laws governing this type of occupation. [STRIKE]Depending on[/STRIKE] Given the size of the house and the number of tenants you intend to have the property [STRIKE]may[/STRIKE] WILL require a licence. You may need to install an automatic fire detection, emergency lighting, and fire doors. In addition there may be rules on the size and number of kitchens and bathroom/wcs.
I strongly advise you to contact your local council, either the Environmental Health or Housing department, it varies from council to council.
Good luck0 -
is that right, all three storey five beds need a licence, even if let to one family?0
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I would have thought a 4 bed house would be in great demand and could command a good rental price as they are in very short supply.
Have you checked local properties to get an idea of potential rental income as a house rather than having to spend lots of money to make a bit more as separate accommodation rooms?0 -
Have you considered converting it into flats?Note: Unless otherwise stated, my property related posts refer to England & Wales. Please make sure you state if you are discussing Scotland or elsewhere as laws differ.0
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Have you checked to see if the local council is interested in letting it? I know someone in the West Midlands who had a four bedroomed house (not sure if it was council or HA) which was in a street of private houses and was rented by the council from a private owner.I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0
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00es25 said:is that right, all three storey five beds need a licence, even if let to one family?You are proposing to let the house as a house in multiple occupation (HMO). There are very strict and complex laws governing this type of occupation. Depending on the size of the house and the number of tenants you intend to have the property may WILL require a licence.
If let to a single family it would not be an HMO.0 -
ok will have a serious think
Will ring up the council and also the local uni which is only 8-9 miles awayYear 2019 (1,700/£17000mortgage repayment)Overall mortgage (71,400/165568) (44
.1%) (42/100) payments made. Total paid 2019 year £1,700
Total paid 2017 year £15,300Total paid 2018 year £13,6000
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