NEW: City doubles cost of controversial selective property licence to £1,100

admin    Uncategorized     agents

Landlords in Oxford who failed to apply for a licence during the first year of the city’s new scheme have been hit with a big fee hike.

its Selective licensing came into force last September and means all the city’s private rented homes need a licence.

A new rate of £1,100 now applies unless the property is newly rented within 12 weeks of a complete application, in which case the fee drops to £530.

It replaces a £480 fee available during the first year of the scheme – the result of a consultation with landlords and agents who argued that responsible landlords making early applications shouldn’t have to shoulder enforcement costs to compensate for those who applied late or not at all.

The council has received 10,840 licence applications and so far, has issued 2,124 licences, 3,092 draft licences and 66 temporary exemption notices.

Enforcement action

Councillor Linda Smith (pictured), cabinet member for housing, says those private landlords or agents who haven’t yet applied not only face a higher fee but are also at risk of enforcement action if their properties remain unlicensed.

“We had nearly 11,000 licence applications during the first year of our selective licensing scheme and that’s great news for tenants and the majority of responsible landlords and agents,” she adds.

“Everyone should have a decent home and tenants deserve the confidence of knowing that theirs is safe, in good condition and well managed.”  

The NRLA voiced its opposition during the authority’s consultation, arguing that HMO licensing had led to rents increasing, and to those on lower incomes in the city being driven out of it, as the council seeks to rehouse people in Birmingham and elsewhere.

Oxford is the only council in the country requiring a licence for all privately rented homes.

View Full Article: NEW: City doubles cost of controversial selective property licence to £1,100

Private rented sector ‘a failure’ says tenant union lobbying for radical restructure

admin    Uncategorized     agents

Tenants’ union Acorn has admitted it is out to shake up the structure of property ownership – as well as taking on rogue agents and landlords.

In a passionate polemic, Norfolk-based committee member Adam Walker explains that one landlord correctly labelled the group, “a well organised national network with a vision to fundamentally change how property ownership is structured”.

A spokesman explains that the private rented sector offers the least affordable, most insecure and lowest quality housing of all tenures.

“Yet at every turn, landlords have resisted regulations that would improve it,” he tells LandlordZONE.

“It is clear that the 30-year experiment in massively expanding the private rented sector has failed.

To get us out of the mess that it has left us in, the government needs to build millions of council houses so that every renter once again has access to the safe, secure and affordable homes that we all deserve.”

Reputation

Walker stresses that there are more tenants than there are landlords and that estate agents are wary of Acorn’s reputation.

He adds that Acorn’s reach goes beyond picketing estate agents where agents, “lived in fear of when we would arrive again. Phones were left switched off; buckets of water thrown at us.”

He says it has also successfully campaigned for Norfolk County Council to extend their food voucher scheme into the school holidays while in other cities, Acorn branches have campaigned to secure landlord licensing, fire safety and public buses.

“Every victory, large or small, helps to shift power back to us: the majority, the people.”

Picture credit: Acorn.

Read more about Acorn.

View Full Article: Private rented sector ‘a failure’ says tenant union lobbying for radical restructure

House prices fall 5.3% year-on-year in August

admin    Uncategorized     agents

The Nationwide House Price Index for August indicates a monthly fall in prices of 0.8% feeding through cumulatively to an annual drop of 5.3%.

The average price of a property (not seasonally adjusted) now stands at £259,153 down £14,600 from the last August peak in 2022.

View Full Article: House prices fall 5.3% year-on-year in August

Newbuild and detached homes boost Scottish property market

admin    Uncategorized     agents

The Scottish property market has seen a slight dip in average house prices over the last year, but newbuild and detached homes have bucked the trend and recorded positive growth, data reveals.

The findings from lettings and estate agents DJ Alexander show that from July 2022 to June 2023

View Full Article: Newbuild and detached homes boost Scottish property market

Landlords ‘sleepwalking into huge fines’ as just 15% sign up for city’s licencing

admin    Uncategorized     agents

Birmingham landlords who fail to sign up to the city’s new selective licensing scheme have been warned they’re sleepwalking into being hit with a big fine.

With only a few days before enforcement of the new scheme takes effect – the UK’s biggest, covering up to 50,000 properties across 25 wards, it’s believed that only 15% of landlords have so far applied.

The slow take-up has been blamed in part on several landlord and property Facebook groups where members have urged landlords not to bother.

Landlords Licensing & Defence says since the scheme is already in place there are no excuses for not having a licence; it will be a criminal offence if they have not completed an application by 4th September.

Housing enforcement and casework director, Des Taylor, warns: “There is no reasonable excuse for not making the application, no matter what you are waiting for or are lobbying the council. Any social media group that tells you something different should not be followed.”

Well meaning

Compliance expert Phil Turtle (pictured) tells LandlordZONE that the “advice” being given is by well-meaning non-experts, many of whom are landlords who don’t like the selective licensing scheme and want to try to scupper it.

The firm now wants to warn landlords of the danger they are sleepwalking into, based on extremely poor peer advice.

Says Turtle: “Each of them faces a fine of £5,000 to £15,000 based on what we see with other councils.

“Councils treat failure to licence as one of the most heinous crimes anyone can commit and although it is a criminal act with the penalty at level five on the criminal scale (unlimited fines) most councils instead issue civil penalty fines which they get to keep as a massive revenue stream.”

LandlordZONE has contacted Birmingham Council for an update on application numbers.

View Full Article: Landlords ‘sleepwalking into huge fines’ as just 15% sign up for city’s licencing

REVEALED: Is it worth upgrading rental properties to meet new EPC rules?

admin    Uncategorized     agents

Landlords updating their properties to meet imminent Energy Performance Certificate (EPC) changes could make more in lifetime energy savings than they pay out for green improvements – but a significant number might end up out of pocket.

Analysis by Propflo, a decarbonisation platform for lenders, predicts that those who need to spend an average of £4,001 will end up saving £7,691 over the life of technology such as solar panels which typically last 25 years.

But those forking out an average of £9,121 would only save £8,015.

Founder and CEO Luke Loveridge (pictured) tells LandlordZONE that it hasn’t included factors such as mortgage savings, tax relief or grants which would be more specific to each landlord.

“If you include these benefits for both the £5,000 to £7,499, and £7,500 to £10,000 bands, they will likely mean landlords won’t be materially out of pocket. If they just do the minimum retrofit for £10,000, then they just might be left out of pocket.”

Increased rents

Loveridge adds: “Tenants typically directly benefit from energy savings, so landlords may realise this value through increased rents and/or increased/defended property value instead.”

Propflo says that while a significant majority of privately rented properties below an EPC grade C would need to spend close to or at the £10,000 cap (over 80%), 2% of properties would only require an average expenditure of £311 to achieve compliance, while another 6.2% would require an investment of £1,514 per property.

The analysis also finds that 81% of properties within scope have at least one low-cost energy efficiency improvement recommendation, including energy-efficient lighting or loft insulation, while 0.2% of properties only require a single low-cost improvement to get a grade C rating.

This analysis comes as the deadline for meeting new MEES regulations – expected to be announced later this year – could be relaxed.

Read more about EPC regulations.

View Full Article: REVEALED: Is it worth upgrading rental properties to meet new EPC rules?

Landlord bans gather pace as second person booted off register this week

admin    Uncategorized     agents

A second landlord has been removed from the register in Scotland in a week after failing to do any repairs to her decrepit property.

Glasgow landlord Madiha Tariq ignored a condemned boiler at the house in Everard Drive (pictured), which was found in an “unacceptable” state after the tenant raised concerns.

It follows the removal of landlord Ashiq Rasul and is a sign of what’s to come in England when the Renters Reform Bill – bringing in a national landlord register – becomes law next year.

Understand the Renters Reform Bill.

Glasgow City Council’s licensing committee heard that an inspection of Tariq’s property in November 2018 found extensive signs of damp and mould on the walls, gutters in serious need of repair, and leaking radiators in poor condition, reports Scottish Housing News. Tariq also failed to provide basic gas and electrical safety certificates.

The tenant told inspectors she had signed a disclaimer letter but had continued to use the boiler as she had no other means of heating or hot water.

Tribunal

The case was taken to the housing and property chamber of the first-tier tribunal for Scotland which ruled in July 2019 that the landlord, who had five properties in the city, failed to comply with a repairing standard enforcement order.

It issued a rent relief order and said it had, “rarely been faced with such a flagrant disregard for the duties of a landlord and takes the most serious view of the situation”.

Councillor Alex Wilson (pictured), licensing committee chair, says: “The failure to provide gas certificates, carbon monoxide, legionella – these are all things that can lead to death, and certainly to injury. The fact that they haven’t provided any of these items timeously is of great concern to this committee.”

The case has also been referred to Police Scotland.

What is the Scottish landlords register?

View Full Article: Landlord bans gather pace as second person booted off register this week

Landlords urged to ignore social media ‘experts’ and sign up to selective licensing scheme

admin    Uncategorized     agents

Landlords who are in Birmingham’s new selective licensing scheme are being urged to ignore social media ‘experts’ who say they don’t need to apply for a licence.

Landlord Licensing & Defence says the advice could see the landlords who don’t apply being hit with a £30,000 fine.

View Full Article: Landlords urged to ignore social media ‘experts’ and sign up to selective licensing scheme

Landlords pull out of London’s temporary accommodation sector

admin    Uncategorized     agents

London’s boroughs are sounding the alarm over the escalating housing pressures after it was revealed that there has been a surge in landlords pulling their properties from being used temporarily by homeless households.

The crisis has reached ‘new extremes’

View Full Article: Landlords pull out of London’s temporary accommodation sector

House prices need to plummet by 19.3% to reach pre-pandemic levels

admin    Uncategorized     agents

British house prices would need to plummet by a staggering 19.3% to reach their pre-pandemic levels as fears rise over a cooling market, research suggests.

The findings from property purchasing specialist, House Buyer Bureau, show this decline is more substantial than the -12.9% contraction seen during the global financial crisis of 2008/09.

View Full Article: House prices need to plummet by 19.3% to reach pre-pandemic levels