On 1st October 2018, a change will come into force which may affect hundreds of landlords.
Since 2006, HMO legislation from Newcastle City Council has applied to properties with three storeys, housing five or more tenants who make up two or more separate households. From October this year, the storey element will be removed. This will result in properties with one or two storeys now requiring a licence and full compliance with HMO property standards.
Landlords with properties which require modifications to meet HMO licence conditions will be given up to 18 months to ensure the work is completed. Any who fail to comply with the new legislation, or fail to apply for a temporary exemption notice, by 1st October 2018 may face criminal prosecutions and new civil penalties of up to £30,000.
Our team have been liaising with our management clients whose properties will be affected. If you own a property which may need a licence and is not managed by Walton Robinson, please feel free to contact us to discuss how we can offer advice or support with your application process.
Walton Robinson can complete HMO applications, conduct expert property assessments, instruct and project manage refurbishment works and even source finance to make the necessary improvements if required.
For further information about the changes and to view a copy of the licencing conditions you can visit Newcastle City Council’s website here.
Walton Robinson offer an extremely successful refurbishment service which can transform your property to not only meet HMO standards but make it stand out from the competiton. Modernising a property makes it more attractive to tenants and can increase rental income - especially in cases where it's possible to add an additional bedroom!
Click here to see a case study of a fantastic project we've completed recently. Consultations are available with our in-house refurbishment specialist, Richard Bradley. Don't hesitate to get in touch if you're curious to find out how we could help maximise the performance of your portfolio.