Estate Agent Virtual Video Viewings

Walton & Allen Estate Agents Nottingham are producing virtual video viewing tours to keep the property market moving.

We have produced over 25 video tours so far for both sales and lettings and will continue to produce more over the coming weeks.

If you are interested in any of our available properties, either to buy or to rent, please check with our team to see if a video is currently available.

Some are unlisted on YouTube for privacy and will only be made available upon request.

Video viewings

Here are a sample of our video viewings below.

Cavendish Road in Arnold, Nottingham

Hardstaff Road in Sneinton, Nottingham

What happens after viewing online?

If you have viewed a property online via video tour we are still accepting offers and reservations. Please get in touch with either our sales or lettings team to take the next steps to securing your dream property.

Sales can be contacted on salesteam@waltonandallen.co.uk.

Lettings can be contacted on lettingsteam@waltonandallen.co.uk.

Selective Licensing Nottingham Fee Increase

The fees for the Selective Licensing Nottingham scheme have increased as of 1st April 2020.

Prices now stand at £890 for a five year licence and £670 if you are an accredited Landlord. Accreditation can be sought from DASH or Unipol.

Why are Licencing fees rising?

Nottingham City Council claim that the initial set fees did not cover their running costs. They are not allowed to make a profit from the scheme.

Do I need a Selective License in Nottingham?

If you rent a property to tenants and it falls within the Nottingham City Council boundary then it is likely you need a Licence. You can check using this tool here.

If you do not comply then you could be hit with a fine of up to £30,000. Your tenant could also claim back all their rental payments, backdated from August 2018.

Any licensing questions?

If you have any questions about the scheme then we can help. Just email us on NSL@waltonandallen.co.uk and we’ll get back to you.

You can also talk to our letting agents on 0115 924 3304.

Nottingham rental price rises still top across UK

Rents are rising at the fastest pace in three years, according to Zoopla. The average cost of renting rose by 2.6 per cent in 2019, with the average rent now at £886 per month.

The top 3 UK cities for rental price rises were Nottingham at 5.8 per cent, Bristol at 5.5 per cent and York at 5.0 per cent. The average rent in Nottingham now stands at £679 per calendar month.

Reasons for rental price increases

There are several potential reasons for rents rising. These include:

New Landlord legislation

Landlords have had to deal with several new costly legislation changes. This includes Energy Performance Certificate (EPC) changes, a restriction on mortgage tax relief and a 3 per cent stamp duty surcharge.

Nottingham Selective Licensing

The introduction of Selective Licensing in Nottingham has brought on new costs for Landlords. Licenses cost £780 for non-accredited Landlords and this is soon to rise to £890. Some property owners have increased the monthly rent to offset some of this additional expense.

Landlords may be selling up

Some Landlords are selling up with all the changes in legislation and the rising cost of letting a property in Nottingham.

This means there are lower amounts of available rental stock and tenants are willing to pay a premium to secure their dream rental home.

Tenant fee ban

The tenant fee ban came into place in June 2019. Whilst we have been careful not to pass on any additional costs to tenants, some agents have increased rents to cover lost income.

Rents still affordable

Although costs are rising, tenants are still able to afford to rent.

The last decade saw an average rental price rise of 27 per cent. This was almost exactly in line with the average earning growth at 26 per cent across the same period.

How much is your property now worth to let?

Considering letting your property? Want to know if your current buy to let is getting the maximum possible rent?

Use the form below to get an up to date rental valuation, or call our lettings team on 0115 924 3304.

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Considering updating your existing buy to let mortgage deal? Why get free mortgage advice in Nottingham?

EICR new rules in 2020

Subject to approval by the Houses of Parliament, Landlords will need to ensure electrical installation inspections and testing are carried out for all new tenancies in England from 1st July 2020.

Existing tenancies will have until 1st April 2021 to comply.

The Electrical Safety Standards in the Private Rented Sector state that Landlords must ensure every fixed electrical installation is inspected and tested at least every five years. This inspection must be carried out by a qualified person.

Landlords are also required to obtain a report following the results and provide it to their tenant(s) within 28 days. The Landlord must also keep a copy for their own records.

Current EICR rules

Currently, Landlords are not required by law to carry out an electrical safety test. However, we have always advised that these tests are carried out for the safety of tenants and to cover a Landlord in case any electrical problem arises.

Other EICR details

If required, the Landlord must supply the inspection report to the local housing authority within seven days.

In addition, the Landlord could be fined up to £30,000 if they fail to comply with the new regulations.

EPC warning

This is just one of many new legislative changes for Landlords. In 2018, Landlords had to ensure that a property EPC rating was at least an ‘E’ or above. It is expected that this will change to a ‘D’ rating within the next few years.

Confused about Landlord legislation?

Walton & Allen Letting Agents in Nottingham are always available to answer any questions regarding your property investment. We also ensure your property remains compliant to avoid any fines.

Talk to us today on 0115 924 3304 or use the form below.

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Council licensing scheme already fined Nottingham landlords £84,000

The Nottingham Selective Licensing scheme has now been running for 12 months. According to the Nottingham Post, Nottingham City Council have already begun issuing fines totaling £84,173.

The average fine was £4,208 and the maximum fine issued to one landlord was £12,242.53.

What are the fines for?

Some fines have been issued to those who have failed to apply for a licence. If a property is currently rented out to tenants and falls within the Nottingham City Council boundaries you are likely to need a licence. Fines can reach up to £30,000 per landlord.

We would advise you to apply immediately if you need a licence and do not yet have one.

Fines have also been issued to landlords who have failed to improve their properties after a Council inspection.

Council inspectors have also noticed a trend when they visit properties – Smoke alarms regularly do not work or are non existent.

How can I avoid fines myself?

If you are a Nottingham landlord and are worried about receiving a fine yourself there are a few things you need to consider. If the Council inspect your property they may look at the following.

  • The property is kept in good general condition
  • The property is free of hazards
  • Are there any maintenance issues?
  • All safety certificates are valid and up to date (EPC, gas safety etc.)
  • Adequate security is in place
  • All tenants have been provided with relevant tenancy information

You can find the full list of items the council may check here.

Still unsure if you may get a fine?

We can help. If you are still worried you may get a fine, Walton & Allen can manage your property for you. Our Fully Managed service covers regular Selective Licensing inspections which will ensure you do not receive any form of fine.

You can call us for more information on 0115 924 3304 or email nsl@waltonandallen.co.uk.

Landlord Compliance

Gedling Borough Council has recently issued a fine of £2,500 to a local Landlord for non-compliance.

What was the fine for?

The fine was issued because the property did not have a valid Energy Performance Certificate (EPC). These certificates last for ten years and must be valid when tenants are renting a property. They are also required when you come to sell.

What else should you look out for?

Remember, you need a number of different documents to remain legally compliant when you rent your property. These include:

  • Nottingham Selective Licence
  • EPC
  • Gas Safety (If applicable)
  • Electrical Safety (Not required but recommended)
  • PAT test (If providing electrical appliances)

How can you prevent Council fines?

You must ensure that you are fully compliant when renting your property to tenants. Details on Selective Licensing compliance can be found here. You can also read more about preparing a property for tenants on the Nottingham City Council website. This information applies to every local Council area.

Another safe option would be to have your property fully managed by Walton & Allen. All properties managed by us are monitored for full compliance on a regular basis. This means you should avoid any fines without having to monitor compliance yourself!

If you would like to talk to us about staying compliant through our fully managed service, please call Ricky on 0115 924 3304. You can also use the form below to get in touch.

Talk to Walton & Allen to get help

If you are worried you may not be compliant with any area of your lettings property then talk to us for advice today. Use this form to ask any questions and we will be in touch as soon as possible.

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Do I need a Selective Licence in Nottingham?

If you own a buy to let property in Nottingham then you may be wondering ‘Do I need a Selective Licence?’. You may have also received a letter from Nottingham City Council explaining that you may need a Housing Licence.

Walton & Allen Letting Agents Nottingham have an expert team dedicated to Selective Licensing. We explain some key points below in this post.

How to check if you need a Selective Licence

If you rent out a property which is within the Nottingham City Council boundary you will probably need a licence. There are only a few areas which are not covered by the scheme.

Your first point of call would be to go to their interactive map and type in the postcode of your buy to let property.

What happens if I do need a Selective Licence?

If you find that your property is within the Selective Licensing scheme then you will immediately have to apply for a licence. The scheme began in August 2018 and you could now be liable for a £30,000 fine. It is a criminal offence to not have a licence and rent your property to tenants.

You may also be liable for a rent repayment order. This means that the tenants can claim back their monthly rent for up to 12 months.

How do I apply for a Selective Licence?

You can apply for a Selective Licence by going to the Nottingham City Council website.

If you are finding the application process complicated and need more help, we can do the application for you. Call our Selective Licensing team on 0115 924 3304 to find out more.

The application process is discounted if your property is fully managed by Walton & Allen. The licencing fee payable to the Council still applies.

Get more information on Selective Licensing

Do you need to find out more about Selective Licensing? You can call us on 0115 924 3304 or you can visit our Selective Licensing Hub. This features all there is to know on the Nottingham scheme.

Selective Licensing area map

To find out if you legally need a Selective Licence, visit the Nottingham City Council website.

Lettings Fire Safety – Top Tips

Fire safety is obviously extremely important when letting your property to tenants. Below we provide some basic tips on how to ensure your tenants stay safe throughout the tenancy.

We would always recommend talking to a fire safety expert to ensure your tenants are completely safe, however we have issued some guidelines below.

Please note this is not an exhaustive list and other fire safety methods may need to be considered.

1. Ensure there are adequate means to escape the property

This may seem obvious but you must ensure that tenants are able to escape the property easily in case of a fire.

2. Carry out a fire safety inspection

Before you let your property you should carry out a fire safety inspection. We would recommend to do this with a fire safety expert.

During the inspection you should look at all fire hazards and detect the level of risk they pose to the building and the tenants. Those

Significant hazards should be addressed and safety measures should be put in place where possible.

3. Use smoke detectors

Smoke detectors should be installed on all floors of a building as a legal minimum. For most, this means placing one in the hall way and one on each landing of the property. These can be battery operated or mains powered.

You also need carbon monoxide alarms in any room with a solid fuel burning appliance.

Remember to check alarm batteries when a tenant moves out as they may fail to replace them.

4. Fit self closing doors

It would be advisable to fit self closing fire doors into your buy to let property. These will contain any fire and help tenants to escape.

5. Have doors open from the inside

It is advisable to have front and back doors with a thumb turn lock. These can easily be opened from the inside without a key.

6. Get an electrical safety certificate

An electrical safety check is always advisable when renting out a property. This is a document issued by a certified electrician to test all electrical circuits and appliances in a property.

You should also check all sockets are in good working order at the end of the tenancy.

7. Ensure any furniture is fire safe

If you leave any furniture in the property, ensure it is fire safe. It is also advisable to leave fire safety tags still attached to each individual item.

HMO Fire Safety

Note that there are additional fire safety regulations for HMO properties. This includes providing fire extinguishers. HMO properties are also required to have self closing fire doors fitted.

Remember, always check with a fire safety expert to ensure your property is fit for tenants to live safely. You can also check the government website for more fire safety information.

Need your lettings property fully managed?

Walton and Allen Letting Agents Nottingham can help manage your property, including advising on fire and safety matters. We will also manage the Nottingham Selective Licensing process for you.

Have everything taken care of for your own piece of mind. Chat to us today on 0115 924 3304 or use the form below.

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Nottingham Selective Licensing 2019 Update

The Licensing scheme has now been in place for eight months. Here we provide a Nottingham Selective Licensing update.

Nottingham Selective Licensing Update

In 2018 Walton & Allen submitted over 250 applications to Nottingham City Council on behalf of our Landlord clients. All applications were sent on time, well before the deadline.

To date, the Council have not issued any licences to our Landlords, although it appears all applications have been accepted.

We will of course update all of our Landlord clients when their licences are issued.

Ensuring properties remain compliant

By now, all our Landlord clients should be well aware of all Selective Licensing conditions. Those properties which do not remain compliant could be subject to a fine of up to £30,000. This is payable by the Landlord. If you are unaware of these conditions, please read our Selective Licensing article.

We are helping you to avoid fines

If you are a fully managed Landlord client at Walton & Allen, you may have noticed that we have begun thorough Licensing inspections.

These are included as part of our fully managed service where Walton & Allen is the licence holder. The reports will ensure that your properties are kept to a high standard which should help to pass any City Council inspections.

As far as we know, we are the only Letting Agents in Nottingham to be doing this for our Landlord clients. This is just a part of our commitment to providing an outstanding level of service.

A sample of the inspection reports are shown below.

Nottingham Selective Licensing Update 2019

Nottingham Selective Licensing Landlord Training

Another condition of the Licence is training. Landlords are required to submit evidence to the Council that they are receiving relevant training at least once every three years.

We have now had confirmation that no Landlord training is applicable if we are holding the licence on your behalf.

If you are not already a fully managed client with Walton & Allen and wish to have all licensing responsibility taken on by someone else, talk to us today on 0115 924 3304.

Do you have a property which is not licensed?

If your rental property is within the Nottingham City Council boundaries you will almost certainly need a licence to continue letting to tenants. It is now a legal requirement.

To avoid potential £30,000 fines, talk to us today about submitting an application to Nottingham City Council as soon as possible.

You can contact me, Brady, the Selective Licensing Coordinator on 0115 924 3304 or email nsl@waltonandallen.co.uk. Alternatively, use the form below to ask any questions.

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Nottingham Lettings

Are you looking for an agency that provides Nottingham Lettings? Then we can help!

Nottingham Lettings advice

Walton & Allen Letting Agents Nottingham provide property for sale, to rent, mortgage advice and more. Established in 2000, we are the local, family run Nottingham Lettings agency.

How we help Landlords

The Nottingham Lettings market is currently providing great returns on almost any property investment.

Our expert sales team know what Landlords want – To get rent on time and in full every month and to ensure that their property will remain in great condition throughout a tenancy.

If we can push rental values up in the area then we’ll also try our best to do that as well!

Our partnership with Experian and how it helps you

If your tenant signs up to our partnership with Experian, their credit score will change if they pay their rent on time and in full. As a result, if they don’t pay on time then they may struggle to get a mortgage in the future or apply for credit cards and other finance.

Helping Landlords at all times

When new legislation comes into force, such as Selective Licensing, we act immediately to ensure our Landlords remain compliant. You will be kept informed at all times and we’ll work to ensure you don’t receive any necessary fines.

We have no hidden fees or excessive charges

We understand that you want to make a profit from your buy to let investment. For this reason we are committed to ensuring we do not charge excessive fees to our Landlords.

Some letting agents may raise their fees when the tenant fee ban comes into place later in 2019. We will not use our Landlord clients to recover all of these costs.

We have been nominated as the number 1 letting agent

We received this nomination from The Negotiator awards, a leading industry award body. This was for the work we do which helps our Landlords.

We are also rated as the number 1 agent for lets agreed in Nottingham city centre, meaning we quickly find tenants for all properties we list.

Nottingham lettings outperform every other UK city

Did you know that Nottingham has been rated as the best city for buy to let investment throughout the whole of the UK? This is why Landlords are choosing to buy property in Nottingham and receive a fully managed service through Walton & Allen.

To find out more you can read our blog post on why Nottingham is the best buy to let city.

Purchasing a buy to let property

Are you a first time investor or are you an experienced Landlord looking to buy more property to let? View our property to sale or talk to us on 0115 924 3304.

We’ll be able to recommend property based on expected gross yields, rental income calculations and more.

Nottingham Lettings Valuations

If you are considering letting your property then book your free, no obligation valuation with Walton & Allen Letting Agents today. My name is Ricky and I’m your local Investments Manager. You can call me on 0115 924 3304 to ask questions or use the form below.

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