Buying New House to Rent - List of Fees?

Comms69

muhandis wrote: »

Should be quite straightforward to find on your local council website in the housing/property licensing section.

Some only require it for HMOs, some for all private rentals, some only in certain wards.

Literally almost no councils in England require registration, except under HMO.


Wales and Scotland do however.

G_M

Landlords insurance
Rent guarantee insurance (if you want)
landlord Association membership fee
money aside for mortgage, council tax, utilities etc before 1st tenancy and voids in between



and have you read:


* New landlords (1):advice & information :see links in next post

* New landlords (2): Essential links for further information

* Letting agents: how should a landlord select or sack?

muhandis

Are you sure?

Redbridge, Hackney, Havering, Waltham Forest, Newham (plus most other Greater London councils), Liverpool, Manchester, Newcastle, Blackburn, Rotherham, Bristol, Middlesborough, Redcar & Cleveland, etc etc etc all have selective licensing (ie non-HMO) schemes in place for private landlords

Selective licensing
Where selective licensing applies, unlike the other forms of licensing which relate to HMOs, then normally all houses within the private rented sector for that area must be licensed, except where they require to be licensed as HMOs. Non licensable HMOs must be licensed under Selective Licensing.

Comms69 wrote: »

Literally almost no councils in England require registration, except under HMO.

Wales and Scotland do however.

Comms69

muhandis wrote: »

Are you sure?

Redbridge, Hackney, Havering, Waltham Forest, Newham (plus most other Greater London councils), Liverpool, Manchester, Newcastle, all have selective licensing (ie non-HMO) schemes in place for private landlords

Selective licensing
Where selective licensing applies, unlike the other forms of licensing which relate to HMOs, then normally all houses within the private rented sector for that area must be licensed, except where they require to be licensed as HMOs. Non licensable HMOs must be licensed under Selective Licensing.

Yes I'm sure. 10 does not a lot make

muhandis

Ah but it isn't 10 by any stretch Those are just the ones off of the top of my head and a quick Google search of the bigger English cities.

There were 11 councils just in London back in 2017 with selective licensing schemes, before councils were given more power to introduce them and more LAs introduced them.

And here's more... Blackburn, Gateshead, Nottingham, Rotherham, Bristol, Middlesborough, Redcar & Cleveland, Burnley, Hartlepool, Hyndburn, West Lindsey, Durham, Thanet, etc etc

I'm sure there're more. Unfortunately, there isn't a central register.

Edit: As of Oct 2018 "There are currently 44 local authorities in England and Wales with selective licensing schemes running."

Comms69 wrote: »

Yes I'm sure. 10 does not a lot make

phill99

Comms69 wrote: »

Literally almost no councils in England require registration, except under HMO.


Wales and Scotland do however.

You're wrong.


Most councils are now bringing in licencing schemes.

OhhEnnEmm

Sorry for late reply, been super busy getting it all under way. So far within budget despite having to fork out to get flue liners fitted in order to get my gas safety certificate checked off.

Also paid to get the windows inspected, complete waste of money but something I've learned from.

Paid a "sole trader" type gardener to remove the tree stump - total cowboy, disappeared after the first hour as soon as I left pretty much and haven't heard back. He took a £150 upfront deposit.

Now I have to fork out more to get a proper company on the job. It's not going swimmingly, but still within budget, will keep you informed.

Also, I deffo don't need to register right? I'm not doing HMO.

hazyjo

OhhEnnEmm wrote: »

Also, I deffo don't need to register right? I'm not doing HMO.

Check with your council. Their rules and regs differ.

OhhEnnEmm

UPDATE: I'm broke now...:rotfl:

Okay, not broke, but an expense I never thought of came along so I'll update y'all - a new fitted kitchen... Old cupboard doors had woodworm! Like who tf is gonna even consider that? Clearly not me unfortunately, saved money in a smart way tho.. Offered a brand new fitted bedroom for a £100 monthly rent increase to a happy tenant, then went with a kitchen and bedroom supplier/fitter and got a deal for both, so over a time the extra rent will pay for both the kitchen and the room (He had a rent reduction originally since the room was a bit tatty anyway...) I'm not gonna lie I'm pretty proud of that one, feel like Del Boy

Everyone's a winner!

OhhEnnEmm

Another quick update, and I just wanna say, we've been doing well, I think anyway.

I may make it look like we're making a lot of mistakes, but I'm not posting all the good little specific deals we've managed to wangle. It's just that these are much more vague and can help others to not make the same mistakes!

So, to save money we opted to keep the original stair carpet, assuming we'd just use my mates moms vax carpet shampooing machine and that would do. We had an original end of tenancy cleaning done and could have included the carpet in with that, OR we could have got new carpet fitted when we had the laminate flooring installed.

Both options would have been cheaper, instead we've now ended up paying separately for carpet cleaning anyway