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Large house - looking to rent it out

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
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
«13

Comments

  • 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 luck
    Debt May '13 £1121
    DFD Jan 14
  • Werdnal
    Werdnal Posts: 3,780 Forumite
    Part of the Furniture Combo Breaker
    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=12
  • alta
    alta Posts: 100 Forumite
    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.
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    edited 28 December 2012 at 2:25PM
    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 luck
    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 scratch
  • hcb42
    hcb42 Posts: 5,962 Forumite
    is that right, all three storey five beds need a licence, even if let to one family?
  • embob74
    embob74 Posts: 724 Forumite
    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?
  • thelem
    thelem Posts: 774 Forumite
    Part of the Furniture Combo Breaker
    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.
  • zzzLazyDaisy
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    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.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    hcb42 wrote: »
    is that right, all three storey five beds need a licence, even if let to one family?
    00es25 said:
    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.
  • ok will have a serious think

    Will ring up the council and also the local uni which is only 8-9 miles away
    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
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