Local authorities in England and Wales increasingly require landlords to be licensed for every property they rent out. Let Ascott Homes take on the burden of landlord licensing for you.
The costs of obtaining a landlord licence vary from borough to borough in London, and throughout the country. To obtain a licence, landlords must meet the standards of the scheme’s rules and regulations, and risk a fine of up to £5,000 per offence if they fail to do so. Meeting the requirements can be costly and time-consuming.
It’s your responsibility as a landlord to find out whether licensing is required for your property and what the criteria are. However, we can help.
How much does it cost?
Not all councils have introduced licensing schemes, and some are cheaper than others. Current charges tend to be around £500 per property. We can advise on the best locations in which to invest to maximise your returns. Where schemes do exist, some councils provide a discount to landlords with multiple properties. Some landlords are challenging the cost of licensing schemes, so it’s possible that the costs may fall.
Inspections and certification
The purpose of these schemes is to root out unscrupulous landlords. This is done via regular inspections of properties. For compliant landlords, these inspections can be extremely time-consuming. However, we can take away the hassle by dealing with these routine inspections on your behalf.
Ascott Homes also removes the hassle of compliance with the local licensing scheme by overseeing all health and safety inspections and securing the necessary certification to fulfil your obligations. One small mistake on your application can result in the denial of a license, so the process can be stressful and very time-consuming. We take the pressure off you by completing, submitting and tracking the paperwork on your behalf, while providing excellent attention to detail to minimise the chance of any problems arising.