LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Licencing scheme off to weak start after only a third of landlords register – LandlordZONE

Mark Helprin by Mark Helprin
June 19, 2023
in Real Estate
Licencing scheme off to weak start after only a third of landlords register – LandlordZONE
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Van Doorn to step down as ULI Europe CEO | Property Week

Hedge funds on hunt for record amount of London office space | Property Week

King’s Cross lands first new office occupier in five years | Property Week

Only one-third of Oxford’s private rental properties have been registered for its city-wide selective licensing scheme – and could soon face steeper fees or a hefty fine.

The scheme, which launched last September, has received more than 10,500 licence applications from the 30,500 homes in Oxford’s private rented sector, with the council warning landlords and agents that a big increase in the application fee kicks in on 1st September.

A standard fee of £480 for a five-year licence applies during the first year of the scheme and a higher rate of £1,100 will apply from September unless a property is newly rented within 12 weeks of the date of application.

Oxford Council is also warning that unlicensed landlords and agents are at risk of enforcement action as it can issue financial penalties of up to £30,000 while the courts have the power to impose unlimited fines.

Half of city

Before last September only HMOs needed a licence to operate, although these make up less than 15% of private rented homes in Oxford. The authority then received Secretary of State approval for its controversial scheme which covers half (49.3%) of all Oxford’s homes.

During its consultation, landlords and agents told the council that responsible landlords and agents making an early application should not have to bear the costs of enforcement against those who applied late or did not apply at all. So far, the council has issued 986 licences and about 2,000 draft licences.

linda smith fine oxford

Councillor Linda Smith (pictured), cabinet member for housing, says it’s making good progress with issuing licences, but she adds: “If you’re a landlord or agent who hasn’t applied yet then you need to get a move on. The application fee will increase from £480 to £1,100 on 1st September and you’re already at risk of enforcement action if your properties are unlicensed.”

Read more about selective licencing.

Subscribe here for the latest landlord news and receive tips from industry experts:



Source link

Share30Tweet19
Previous Post

Why I made The Change, or, We Need to Talk About The Menopause

Next Post

Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Mark Helprin

Mark Helprin

Recommended For You

Van Doorn to step down as ULI Europe CEO | Property Week
Real Estate

Van Doorn to step down as ULI Europe CEO | Property Week

July 21, 2025
Hedge funds on hunt for record amount of London office space | Property Week
Real Estate

Hedge funds on hunt for record amount of London office space | Property Week

July 21, 2025
King’s Cross lands first new office occupier in five years | Property Week
Real Estate

King’s Cross lands first new office occupier in five years | Property Week

July 21, 2025
Kensington and Chelsea reverses ban on Grenfell insulation firm | Property Week
Real Estate

Kensington and Chelsea reverses ban on Grenfell insulation firm | Property Week

July 21, 2025
Next Post
Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Morrisons cuts prices of nearly 50 items as hopes mount of easing food inflation

Related News

Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'

Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'

August 30, 2024
NIO shares plans to enter seven additional European markets

NIO shares plans to enter seven additional European markets

June 3, 2025
Defence Secretary ‘is actively looking at’ fighter jets ‘which is what Ukraine needs most now’ for a ‘long term solution’ – London Business News | London Wallet

Defence Secretary ‘is actively looking at’ fighter jets ‘which is what Ukraine needs most now’ for a ‘long term solution’ – London Business News | London Wallet

February 8, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?