Landlords Have Your Say : Consultation Opens On Selective LicencingPublished on: 14 June 2017
The term ‘landlord’ no longer conjures the image of high flying property developers who have large portfolios. Many landlords are now the ‘regular Joe’ off the street. Given the uncertainties with pensions more and more people have been investing in rental properties in the hope that this will provide for them during later years. Whether you are a career landlord or someone hoping to provide for your retirement, it has been a tough few years and it may be set to get tougher again in the Telford and Wrekin area.
Consultation has opened to consider the introduction of compulsory selective licensing for landlords owning property in the Hadley, Leegomery, Malinslee, Hollinswood, Brookside, Sutton Hill and Woodside areas.
According to Telford and Wrekin Council these areas have been identified as evidence shows ‘higher rates of housing disrepair, a higher turnover of tenants, littering, fly-tipping and anti-social behavior than other areas’.
However, the proposed scheme comes in the wake of what has been a raft of new legislation aimed at landlords over the last couple of years. Placing upon them more red tape and restriction of tax relief.
The introduction of this scheme would be yet another financial sting to be endured by landlords.
Costs Will Build
The proposed scheme would see a fee of around £610.00 per property be paid from the landlord to Telford and Wrekin Council. Which they claim will be used to fund administration and monitoring of the scheme but will not be used to turn a profit.
If enforcement action is then required further fees will be charged.
Potential Affect On Tenants
Although it is the Council’s intentions to protect tenants it is hard to see when costs are increasing from all aspects for Landlords how they will not ultimately be passed onto tenants via raises in deposits and rent thereby penalizing the very people the council are trying to protect and stunting the affordable housing situation, which is already in crisis.
Where to Find out More
Telford and Wrekin Council are inviting views on the proposed scheme and further details of how to submit this can be found on the Council’s website.
If you require any further information on your obligations as a landlord, please contact Sian Samuel at Lanyon Bowdler Solicitors.