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I wrote this email to Nottingham Council and DASH.
I am a landlord and would like to invest in Nottingham to provide more good standard properties for lettings.
I am assuming you would encourage landlords to get the accreditation to ensure good practice is followed. However I find myself in catch 22 situation. Ideally I would like to get an accreditation and on purchasing the property I would apply for selective licensing with a good standing ie. Up to date with the recommended guidance, however I have been told by DASH that I am not able to get accreditation without owning a property first. So the only way at the moment is for me to invest in a property, is to pay for the licencing and not be accredited as the current system does not allow me to get accredited first.
Does anyone has this same issue?
I've been asked to comment on this.DASH are really friendly & helpful.Licensing the head of is great. It's the Councillors that haven't got a clue how renting works at the bottom.What you've said is a new one on me & if DASH have said that, that's what it is.So what you've said above is diabolical. And you need to email Licensing & ask 'em.'Cause that way, Landlords will be buying houses & it will have to stand empty while u wait for accreditation. You have thrown up something they need to change.Selective.Licensing@nottinghamcity.gov.uk
Thanks for your reply Mick,
Diabolical is an understatement.
Now I am beginning to understand why so many landlords are selling at discounted prices in Nottingham, and a few was insisting to complete before August.
Certainly selective licencing is not welcoming any new property investment in Nottingham.
worth a read. Rogue landlord in Nottingham and consequences.
Coming soon Investorsk8.com
Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs.
The RLA has responded to a consultation on introducing additional licensing in some areas Nottingham by arguing that it if it is introduced it would be a financial burden for landlords affected.Full/source article
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
The new licensing scheme for rented homes in Nottingham is set to come into force on Wednesday, August 1, and yet it has so far only received applications from 10% of the city's properties.David Thomas, director of Liberty Gate, a letting agent based in the Lace Market, told the Nottingham Post that it was always going to be “impossible” to get 32,000 properties registered in just one month.
He said: “This [new licensing scheme] is ruining the private rented sector in Nottingham.
“The council has not informed one single landlord directly. It is an absolute shambles. To get all these properties done in one month was impossible from the start.
“They are lucky they have 3,140. It can take weeks to get one application through and I have 120 I need to submit [on behalf of landlord clients].
“Rent will go up immediately - £25 a month to recover it over the long term. It is an expense that landlords never factored in and they need to pay the mortgage.
“Some landlords are having to pay for 50 properties - and the people who are feeling the pain are the tenants.”Full/source article
Nottingham council are warning landlords not to raise rents to pay for their licence fees.Full/source article