Licensing doesn’t lead to higher rents – council’s claim

Licensing doesn’t lead to higher rents – council’s claim


Todays other news
The exercise is happening in one city...
As many as 40% sell at a loss in London...
Higher interest rates are starting to weigh down the housing...
The agency specialises in buying small firms and injecting tech...
MTD will include many more landlords from next April...
Organized file folders labeled 'Licenses' for property rental management.

A local authority has gone on record saying there’s “little evidence” that landlord licensing leads to increased rents.

Great Yarmouth council is introducing selective licensing across a range of wards and streets, amounting to some 5,000 homes covering 60% of the borough.

Advertisement

The licence imposed by this council is £694 for five years – but the authority suggests this is highly unlikely to be passed on by landlords.

Advertisement

In a statement it says: “Ahead of proposing the scheme, the council carried out a feasibility study which included gathering and analysing data about demographics and the condition of rental accommodation in the borough.

Advertisement

“Research revealed there is little evidence to show rents have risen due to licence fees being introduced in other parts of the country with similar schemes.”

Selective licensing schemes across the country have wildly varying costs but typically come in at between £500 and £1,000 per property – meaning a substantial outlay for landlords, especially those providing multiple homes for tenants.

Advertisement

Great Yarmouth council claims its scheme is designed to improve housing standards by making sure homes meet minimum standards and will promote better letting management practices, ensuring that properties are well-maintained and tenants’ rights respected.

A spokesperson says: ”Over the past few months we have been meeting with landlords and agents and have hosted a number of successful drop-in and online sessions to help explain what people need to do to make sure they comply with the new scheme.

Advertisement

”We have already received more than 350 applications and things are bedding in well, but we want to do all we can to make sure people have all the information they need to successfully obtain a licence.

”More ‘onboarding’ events are planned and we have teams on hand to help landlords and agents understand what they need do.”

The costs of running the scheme will be self financing and the £694 fee is actually a reduction on the £784 originally proposed.

The council spokesperson adds: ”We have existing powers around housing, but this will allow us to more effectively deal with a range of issues that affect people. We will be better able to tackle health hazards and overcrowding – which is a real problem for some people.

”We know the majority of landlords want to do the best they can for tenants but, where standards are not good enough, we can now hold people accountable.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
28 Comments
Oldest
Newest Most Voted
Recommended for you
Related Articles
Digital document management for landlords with icons and technology.
The exercise is happening in one city...
Warning sign with exclamation mark for property safety alert.
As many as 40% sell at a loss in London...
Businessman analyzing financial charts and market trends.
Higher interest rates are starting to weigh down the housing...
Futuristic robotic hand holding house key, keys, and a house model.
The agency specialises in buying small firms and injecting tech...
The figures come from lenders' trade body, UK Finance...
Tenants are increasingly discerning, claims the agent...
The Spanish Supreme Court made a key decision in May...
Recommended for you
Latest Features
Allison Thompson is Chief Lettings Officer at Leaders lettings agency...
Landlords face difficult choices over when to invest as energy...
Alexander Lyakhotskiy is chief executive and founder of holiday let...
Sponsored Content
Property investment is a long-term strategy, but that doesn't mean...
The Renters’ Rights Act has sparked widespread discussion around rent...
Thinking About Selling Your Rental Property? Five Things Landlords Should...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.