Best Buy To Let City: Nottingham Hits Top Spot

Best Buy To Let City is Nottingham

Totally Money have commissioned a survey across 580,000 properties in Britain. Their findings have produced a report which highlight the best cities across the country to purchase a buy to let investment property.

How did Nottingham rank for property investment?

Two Nottingham postcodes hit the top 5 spots for buy to let property investment, making it the best buy to let city in the UK. NG1 was hailed as the number one postcode in the UK, with an average rental yield of 11.99%. The NG7 postcode also made it to number 5 with an average yield of 8.89%.

Liverpool ranked in second place with the L7 postcode as well as in fourth place with L1. In third place was Cleveland with the TS1 postcode.

Why did Nottingham rank highly?

Totally Money have calculated that the cities with the highest rental yields are usually large university cities. Nottingham of course has two universities, Nottingham Trent University and the University of Nottingham. Over 37,000 people study at these institutions which makes it one of the largest student populations in the UK. Around 1 in 8 people living in Nottingham are students.

Our take on this investment news

Whilst this sounds like great news, we would always advise buy to let investors to be cautious when purchasing new property. Nottingham rental yields have been some of the best in the UK for a long time but not all will produce a high 11.99% yield. When looking to buy, why not talk to our sales or investment teams on 0115 924 3304? They will be able to advise on potential rental values and great areas of Nottingham to buy in. You can also use the form below to ask any questions.

New and existing Nottingham Landlords

Are you getting the highest rental values for your properties? Walton & Allen Letting Agents Nottingham will conduct a rental review for you free of charge by calling 0115 9243304. Alternatively you can use the form below to receive more information.

Get in touch with our letting agents

Use this form to ask any questions about the best buy to let city in the UK, or to talk to us about our sales and lettings services.

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Where do other cities rank for investment?

The below chart shows where other cities rank in the UK for buy to let investments.

#PostcodePostcode TownProperties for RentAverage Monthly Rental ValueProperties for SaleAverage Asking PriceYield
1NG1Nottingham44£1,525169£152,63111.99%
2L7Liverpool149£94179£115,3989.79%
3TS1Cleveland185£54396£68,9259.45%
4L1Liverpool116923404£118,7549.33%
5NG7Nottingham240£1,187168£160,2698.89%
6NE6North East540£834216£118,7898.43%
7NE1North East357£1,095157£161,0358.16%
8S2Sheffield238£853117£125,4838.16%
9SS1Southend-on-Sea100£2,736207£409,2338.02%
10BD1Bradford153£439130£65,8898.00%

Nottingham Additional Licensing for HMOs

Nottingham Additional Licensing

Find out everything you need to know on Nottingham Additional Licensing

The new Additional Licensing Scheme for HMOs will begin on 1st January 2019. Additional Licensing will apply to HMOs (house in multiple occupation), shared houses and flats which have 3 or 4 occupants from multiple households. This means that they are not part of the same family. The scheme also applies to converted flats, ie. A house which has been converted into several flats or apartments.

Do you need help or advice with your Nottingham Additional Licensing? Call 0115 9243304 now and speak to our team, or use the form at the bottom of this page.

Which licence do I need for my Nottingham property?

You may need to apply for one of three licences issues by Nottingham City Council. The type needed will depend on how many tenants are living in your rented property and their relationship with each other.

additional licensing nottingham

Selective Licensing

Selective Licensing is needed if you rent a property with up to two tenants and the address falls within the Nottingham City Council Licensing boundaries. Read more about Nottingham Selective Licensing.

Additional HMO Licensing

Needed if you rent a property to between three and five tenants who are from more than one household. (ie. Not members of the same family)

Mandatory HMO Licensing

This is a national scheme but controlled by your local council. You will need this licence if your rental property has more than five tenants living there, from more than one household. This includes student houses.

What are the conditions of the Additional HMO Licence?

The Council will ask you for information on your property to ensure you are compliant. This includes:

  • Details on how many people live in each bedroom
  • Relevant safety certificates including Gas, Electric and EPC (Energy Performance Certificate)
  • Proof of PAT testing for any portable electronic devices left for the tenants
  • Details of fire detection systems, smoke alarms and emergency escape lighting
  • Details of carbon monoxide alarms
  • Details of how you deal with maintenance issues
  • Details of your security arrangements for the property
  • Details of how often you inspect the property
  • An explanation of how you deal with rubbish and how you notify the tenants of this
  • Proof you provide tenants with move-in information packs
  • Details on how you manage the tenancies
  • Details on how you deal with anti-social behaviour
  • Proof of relevant Landlord training which must be undertaken every 3 years

You can read more about the HMO licensing conditions on the Nottingham City Council website.

How much does Nottingham Additional Licensing cost?

The total standard fee for an Additional HMO Licence is £1330. You pay £890 up front and £440 when your application is approved.

Those Landlords who choose to be ‘less compliant’ (don’t follow all Council recommendations) will pay a total of £1720. This breaks down as £890 up front and £830 when your application is approved.

DASH or Unipol accredited Landlords will pay a total of £990. This is a cost of £615 and £375 respectively. You can find out more about DASH or Unipol on our Licencing Discount page.

All fees apply to properties with a maximum of 9 bedrooms.

Extra Nottingham Additional Licensing Fees

You may also have to pay extra fees. These are:

Extra bedrooms fee: £25 per additional bedroom where there are more than 9 in the property*
Finders fee: £150 if the Council find you have not applied for an Additional HMO Licence when you should have previously*
Fee to change from Selective to Additional Licensing (or vice versa): 25% of the new licence application fee*
Missed inspection fee: £50 if you fail to attend a previously arranged inspection on your property
Extra correspondence: £30 if the Council have to go above and beyond the usual licencing application communications
Extra copy documentation: £30 if you require duplicate copies of paperwork
Paper application request: £30 if you choose to apply using traditional paper methods instead of online
Paper application processing: £65 for the Council to undertake extra work in processing the paper application
Housing Act 2004 enforcement action: £350

*These fees are applicable when you make your first application payment

What if I don’t apply for an Additional HMO Licence?

If you do not comply Nottingham City Council can fine you up to £30,000, or a prosecution with an unlimited fine. As well as this, a record of non compliance with Housing Law may affect your ability to obtain any licence in the future.

Need help with your Additional Licensing?

If you are confused about Nottingham Additional Licensing or if you would like us to process the application on your behalf and help you apply for a license then please get in touch. You can call us on 0115 924 3304 for some advice, or use the contact form below.

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Netherfield Selective Licensing: What You Need To Know

Netherfield Selective Licensing Nottingham: What you need to know

Gedling Borough Council have now introduced a Netherfield Selective Licensing Scheme, just after the introduction of the same scheme across the Nottingham City Council boundaries.

Whilst the City Council introduced their scheme across almost the whole of their sector, Gedling Borough Council are for now just focusing on the Netherfield area.

The deadline when applying for a Netherfield Selective Licence was 1st November 2018. You must apply for this as soon as possible if your privately rented property is within the Licencing area.

Don’t panic though. We can help you with your application if you are struggling. Please call 0115 924 3304 immediately or use the form at the bottom of this page.

What is Netherfield Selective Licensing?

The aim of the Selective Licensing scheme is to ‘raise the standards in the privately rented sector and to ensure that all tenants living in them are able to enjoy a safe, comfortable and well managed home’. A landlord will need a licence for every property they own within the affected areas.

You can find out more about Selective Licensing here.

Is my Netherfield property affected?

To find out if your privately rented property needs a licence, you can view a map on the Gedling Borough Council website. If you rent out your property to tenants within this area then you will need a Licence.

How much does Netherfield Selective Licensing cost?

The price to apply for a Netherfield Selective Licence is £640. The Licence lasts for 5 years and after this you will need to reapply. You are asked to pay £475 on application and the further £165 once your Licence is approved.

If you cannot apply online then the costs increase slightly. The total cost for the Licence will be £700, where you pay £535 up front and £165 later.

Are there any discounts?

You are eligable for a discount if you are DASH accredited. This is a third party who are responsible for inspecting privately owned properties. There are fees involved which you can view here. If you are not already DASH accredited then it is likely that you will not be able to apply in time before you have to apply for a Netherfield Selective Licence.

The discounted fee for current DASH accredited Landlords is £490. You must pay £360 up front and £130 once the application is granted. If you are not applying online the cost will be £550. This breaks down as £420 up front and £130 once the application is granted.

What if I want to sell my property?

You may be able to apply for a TEN (Temporary Exemption Notice) although you must prove that your house is for sale. Approval for this is at the Council’s discretion. You can read more about TEN notices on the Nottingham City Council website.

Don’t want the hassle of monitoring the licencing conditions?

Walton & Allen are commuted to monitoring licencing conditions for properties which are fully managed by us. We also offer discounts when applying for a licence on your behalf. Call us today to find out more on 0115 924 3304. You can also use the form below to get advice.

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Netherfield Selective Licensing Documents

These documents below will provide you with more information on Netherfield Selective Licensing.

Proposed Licensing Conditions
Proposed Licensing Fee Structure
Map of the Netherfield Selective Licensing Area

Nottingham Selective Licensing Training Course

We are preparing Nottingham Selective Licensing training courses for Landlords

Walton & Allen are very pleased to announce that we have submitted over 250 Nottingham Selective Licensing applications to the City Council. This is on behalf of our Landlord clients and means they are all now fully compliant. As a result, we will continue to monitor compliance over the 5 year period for those properties where we are acting as Licence Holder.

We are now preparing training courses for Landlords who have opted to be the Licence Holder themselves. This is for both our current clients and those who have not had dealings with Walton & Allen before.

Why do I need Selective Licensing training?

There are many licensing stipulations and rules set by Nottingham City Council. As part of the 5 year licencing scheme, Landlords must have relevant training. This ensures they are legally prepared to let out their property. They must also provide evidence to Nottingham City Council.

We are preparing Selective Licensing training which will cover:

  • Tenancy agreements
  • Inventories
  • Registering deposits in a legal scheme
  • Right to Rent checks
  • Referencing
  • Ensuring a landlord has relevant safety certificates
  • Property inspections
  • Managing maintenance issues and any tenant problems
  • Tenant safety
  • The process of ending a tenancy
  • A recap on responsibilities as a Selective Licence Holder

The training course will last half a day and will take place at a venue in Nottingham city centre.

How do I apply for training?

Walton & Allen are currently accepting enquiries from those who are interested in attending Selective Licensing training. Please fill in the form below where we will update you when we have some available dates.

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Need to know more about Nottingham Selective Licensing

If you are yet to get a Selective Licence for your investment property then you can read more about the scheme on our Selective Licensing Hub. It was introduced on 1st August 2018 and applies to most properties which are rented out within the Nottingham City Council boundaries. Secondly, the licensing cost is £780 and it lasts for 5 years. If you do not have a Selective Licence for a property which requires one then you could be fined.

About Walton & Allen

Established in 2000, Walton & Allen are estate and letting agents in Nottingham. We provide property sales, lettings and mortgage advice. We manage approximately 400 buy to let properties for our Landlord clients. In addition, we provide a tenant find only service if Landlords prefer to manage a buy to let property themselves. Talk to us today on 0115 924 3304 if you would like to find out more about any of our property services.

 

 

Nottingham Selective Licensing: What you need to know

< Back to W&A Nottingham Selective Licensing Hub

Looking for information on Netherfield Selective Licensing? Find out more.

Nottingham Selective Licensing

Find out everything you need to know on Nottingham Selective Licensing.

You must now have a licence to rent your property within designated Nottingham City Council areas. If you have not submitted an application already then you may now be liable for a £30,000 fine.

The application deadline was 1st August 2018 for most Landlords. Extensions were granted to those with 40+ properties or to letting agents with a portfolio of over 120 properties which would submit applications on behalf of their Landlord clients.

Keep calm though, we can help you with the information below.

Struggling with your application?

Is everything too complicated or do you not understand anything on the Selective Licensing application form? We can apply for you. Call 0115 9243304 now to take all the stress away or view the below brochure to find out more.

Selective Licensing Application Extensions

As above, the extension deadlines have now passed. See our deadline dates below.

Landlords with less than 40 properties in the designated area – 1st August 2018
Landlords with more than 40 properties in the designated area – 31st October 2018
Landlords with a letting agent managing over 120 properties in the designated area – 31st October 2018 (Only applies to agents that process applications for their landlord clients such as Walton & Allen)

Walton & Allen Landlords who are making use of the application service have also been granted an extension due to the amount we have to process. If you wish to have an extension granted, ask us to apply for you. Call 0115 9243304 now. This is of course down to Nottingham City Council discretion and can change at any time.

What happens if I don’t apply?

Nottingham City Council have stated that they will begin to fine Landlords up to £30,000 if they do not have a licence for their rented property. We understand the Council have started checking council tax records, Land Registry and housing benefit records to find those who have not applied. If you have not begun applying for a Selective Licence then we would recommend doing this immediately.


selective licensing informationClick to download our Nottingham Selective Licensing information pack here


Is your current Managing Agent doing everything they can for you?

Has your current Letting Agent done everything they can to help you in applying for your Selective Licence? Are they ensuring you will remain fully compliant within the 5 years? If not then talk to us about how we will ensure you are not liable for the £30,000 fine. Call 0115 9243304 or email nsl@waltonandallen.co.uk.


The new Nottingham licensing scheme for Landlords was implemented as of 1st August 2018. The aim of the scheme is to ‘raise the standards in the privately rented sector, and to ensure that all tenants living in them are able to enjoy a safe, comfortable and well managed home’. A landlord will need a licence for every property they own within the affected areas.

This is a big blow for Landlords who already keep privately rented properties to a high standard.

We calculate that 94% of Landlords will be affected by this Licensing Scheme.

Should I have applied by now?

Anyone who owns a privately rented home in the designated Nottingham areas should have applied for a licence by now. The only exception is for those properties which already have an HMO licence.

The designated areas  for Nottingham Selective Licensing is as follows:

Arboretum, Bestwood, Bulwell, Bulwell Forest, Basford, Berridge, Bridge, Clifton North, Clifton South, Dales, Dunkirk and Lenton, Leen Valley, Mapperley, Radford and Park, Sherwood, St Ann’s, Wollaton East and Lenton Abbey.

Applications for Selective Licensing opened on 1st July 2018. If your property is included then we advise you to act now to get all required documents together for your application. We are more than aware that this is an unwelcome situation and have been campaigning against certain aspects, on our clients’ behalf. However, the deadlines have now passed and you should have submitted your application by now. Please contact us if you haven’t applied yet on 0115 924 3304.

Is my property in the Selective Licensing area?

Visit the below website and enter your rental property postcode to find out if you are within the licensing area.
http://geoserver.nottinghamcity.gov.uk/myproperty/

What is the cost?

The City Council is charging a Nottingham Selective Licensing fee of £780 per property. At the time of writing, the cost of the licence is tax deductible.

You will of course have to factor in other costs which will help you achieve ‘approval’ for a licence. This includes the cost for:

  • Public liability insurance
  • A DBS check (now voluntary)
  • An electrical safety certificate (optional but advisable)
  • A valid gas safety certificate
  • An EPC (Energy Performance Certificate) -Above an ‘F’ rating
  • A PAT test for portable appliances in the property
  • Relevant Landlord training (if your property is not managed by Walton & Allen)

selective licensing mailing list

What if you don’t have a licence?

The council also state that anyone who hasn’t applied for a licence could receive a civil penalty of up to £30,000, or prosecution on summary conviction which carries an unlimited maximum fine. Landlords may also be prevented from holding a licence in the future.

Can you get a fee reduction?

Nottingham City Council have said there will be no discount for having multiple properties. The full licence fee must be paid for every property you own in the affected areas. You can get a discounted fee by applying to certain accreditation bodies such as DASH or Unipol. Unfortunately, there are other costs to apply and you may have to spend money in improving your property to meet their standards.

We detail how to get a fee reduction here.

Don’t have your property managed  by Walton & Allen? Email nsl@waltonandallen.co.uk to talk to us about how we can help you stay complaint. We’ll also try to match your current managing agent’s fees.

Nottingham Landlords who live abroad

Non UK landlords will not be able to qualify for a licence and so will need a managing agent to be the ‘licence holder’. We can take that responsibility for these individuals, but only on a fully managed basis. This is because there are significant responsibilities during the 5 year licence period. Monitoring is required, including rent collection and reactions to Nottingham City Council requests during that time. E.g. tenant antisocial behaviour.

What are your next steps for Selective Licensing?

Walton & Allen can help you. We have experience of Selective Licensing requirements as we have helped Landlords get licences within the Ashfield District Council area in North Nottinghamshire. As of 31st OCtober 2018 we have submitted 265 applications to the City Council on behalf of our Landlord clients.

During this time you will

    • Learn the requirements of getting a licence
    • Learn the steps you need to take to retain the licence
    • Have the opportunity to ask any questions about the scheme

Book your NSL Clinic place here.

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Need help filling in your Selective Licensing application form?

We can do it for you. Email nsl@waltonandallen.co.uk to take away all the stress.

Need more advice?

selective licensing informationClick to download our Nottingham Selective Licensing information pack here

You can email nsl@waltonandallen.co.uk with any questions, where our Nottingham Selective Licensing team will get back to you as soon as possible. You can also call 0115 924 3304.

What do you think about Nottingham Selective Licensing?

Leave your comments for us below.

< Back to W&A Selective Licensing Hub

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Nottingham Rental prices have had biggest increase in 2 years

Nottingham rental prices increase

Rental prices have had their biggest increase in 28 months according to a new report through Landlord Today. This has been lead by growth within Nottingham and the East Midlands.

The average rental price increased by 0.13% in August which was the biggest month on month rise since April 2016. The East Midlands though has seen an average growth of 0.32%. This is the highest rise for an English region in over 40 months!

The average property rental price across the UK, excluding London, is now £767. If London is included, this jumps to an average of £1,209.

Large increases in rent across the East Midlands could be partly down to the new Selective Licensing scheme in Nottingham. Nottingham City Council were initially confident rental prices would not increase when the scheme began in August 2018.

Walton & Allen Letting Agents are increasing rental values

At Walton & Allen Letting Agents we are increasing rents for our Landlord clients at every opportunity. As a result, the average increase is around £25 per month, year on year.

Despite the increase in rental values, tenants are not negotiating on prices as demand is very high for rental properties.

Find out if you are getting the maximum rent for your investment property. Call 0115 924 3304 and speak to Ricky, or fill in the form below to receive a call back.

Your Name (required)

Your Email (required)

Your Message

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Nottingham property prices also growing rapidly

Along with the steep growth in rental prices, Nottingham property prices have also seen the biggest increase throughout the whole of the county. Property prices have risen by 7.5% in the last 12 months which puts Nottingham top of the ranking tables for property price growth. You can Find out more here.

We’ve been shortlisted as the Best Letting Agent across the UK

We have been shortlisted as best letting Agent

best letting agents nottingham

Walton & Allen letting agents in Nottingham are proud to announce they have been shortlisted as the best letting agent with a single branch across the UK. We have been picked out of thousands of letting agents nationally, even though there were many contenders across the whole of the UK.

The Negotiator Awards is the UK’s leading industry awards programme for estate agents and letting agents. Property industry professionals always works hard throughout the year to achieve notations from this award ceremony. As a result of these nominations we have been nominated as the best letting agents in the UK.

This is why we are shortlisted as the best letting agent

Walton & Allen have long been known as one of the largest letting agents in Nottingham and are always striving to provide the best service for Landlord clients. This is how we do it.

We’re the number 1 letting agent in Nottingham

best letting agents in nottingham

Firstly, we are the number one letting agent in Nottingham throughout the whole of 2018 for the most lets agreed. This is according to Rightmove. Similarly, our lettings team has also been listed as the number one letting agent for new instructions in Nottingham city centre since January 2018. (Non student lets).

Keeping Landlords fully informed at all times

We provide comprehensive blogs, emails and printed brochures to keep all our landlords informed of new legislation and landlord requirements at all times. Already registered with us? Then check your email inbox for important news based on the lettings industry. You can sign up to our mailing list here.

Examples of recent information sent to our Landlord clients includes up to date Nottingham house price growth, changes to mortgage rates and Nottingham Selective Licensing.

Making life easier for Landlords and Tenants

One of the major ways we help our Landlords and Tenants is by using the latest technologies. Through use of an app called PropertyFile, important tenancy documents can be stored and accessed at any time and payments and financial details are always available. In addition, Tenants can also report maintenance issues using their camera and a simple-to-use mobile form.

We market properties everywhere we can

best estate agents in nottinghamWhen it comes to marketing a property through our lettings team, we use every channel available. Our window touchscreens display all properties to let and for sale 24 hours a day, 7 days a week and our website is always up to date. We also use other channels such as tracked email marketing, social media. Also, our YouTube channel is used for 360 degree virtual tour videos and our smartphone app continually provides useful Landlord and Tenant tools.

Our Walton & Allen App

There are plenty of Landlord and Tenant tools which are all packed into our smarthp This is all available for free and at the touch of a button for both Apple and Android devices.

Find out what we can do for you as a letting agent in Nottingham

In conclusion, if you are looking at letting your investment property or just want to know rental values then get in touch. We’re always happy to help. Just call 0115 924 3304 or use the form below to contact us.

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Nottingham Rental Prices Increase

Nottingham rental prices rise in 12 months since May

According to an article by Mortgage Strategy, rental prices rose by 3% in Nottingham and the East Midlands over the last year. This is despite rental prices falling in other parts of the country.

Across the whole of England and Wales, the average rental price is currently £861. In comparison, the average rental price in London is £1,273. Their rental prices were down 0.3% in the 12 months since May.

In addition, the average rental price in the East Midlands stands at £656.

Interested in finding out how much other East Midlands properties are renting for? Then why not take a look at our properties to rent?

Reasons for rental price increase

Many factors could affect rental prices. Firstly, a higher demand for property or an improvement in building quality could improve values. Another important factor which could have affected these prices in Nottingham is Selective Licensing, which is a large cost to all landlords who have rental properties within the licensing area.

Is your property rented out for the right price?

At Walton & Allen Letting Agents Nottingham, we conduct regular reviews on all properties to ensure you are getting the maximum amount of money for your buy to let investment. Following this article do you feel you could be getting a higher rental income from a particular property? Get in touch with Investments Manager Ricky using the form below, or call 0115 9243304. All in all, the rental values for our Landlord clients are some of the highest they can possibly achieve.

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Considering letting out your property for the first time?

Finally, read why Walton & Allen are the number one agent for lets agreed in Nottingham city centre on our Buy To Let Nottingham page. Alternatively, chat to our friendly lettings team today to arrange a free, no obligation market appraisal. Fill in the form below to arrange a call back, or call 0115 9243304.

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Letting Agents Nottingham: How we’re different

Letting Agents Nottingham: How we’re different

Welcome to Walton & Allen Letting Agents Nottingham. We manage in excess of 400 properties across Nottingham and the East Midlands. This is either on a rent collection basis or a fully managed service.

As Letting Agents, we are committed to providing a first class lettings service. For this reason we always try to ensure we let your property to reliable tenants, for the maximum possible rental value.

How we differ as Letting Agents in Nottingham

Walton & Allen offer a number of benefits as a letting agent. These are included as standard to help both landlords and tenants as much as possible. We also offer all of this for a highly competitive fee.

Why not talk to us as Letting Agents today for a free rental valuation. This will help you to see how much rent you could possibly achieve on your investment?

Read below in detail about all the other features we have to offer.

Experian for Landlords

As letting agents Nottingham we are always working to achieve a 100% rental collection for our clients every month. Now all tenants in Walton & Allen managed properties can opt in to improve their credit score if they pay their rent on time and in full. At the time of writing, this has lead to absolutely no missed rental payments for all those involved.

Property File App

We offer both landlords and tenants the option to use ‘Property File‘, an app which helps you to keep all tenancy documents in one place. Tenants and Landlords can also look at rental invoices and report maintenance issues. This makes everything easily accessible and helps to avoid problems with lost paperwork.

Selective Licensing Management

With the introduction of Selective Licensing in Nottingham, Walton & Allen Letting Agents are able to manage all aspects of the licence. This includes filling in your application and monitoring all licensing requirements during a tenancy. For a full guide on the scheme, visit our Nottingham Selective Licensing Hub.

Free Rental Valuations, Photography and Floor Plans

We offer several services free of charge to offer great value for money. This is all without compromising on service. Our lettings market appraisals and advice is completely free. If you also decide to instruct as as your letting agent, we will also provide professional standard photography for all adverts and free 3D floor plans.

Landlords: Contact our letting agent team today

Fill in the form below to request a call back. Alternatively you can call 0115 924 3304 to chat to our helpful and friendly lettings staff.

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Letting Agents Nottingham Video

Click to watch our Letting Agents video below without delay. If you need any further information after this then please do get in touch!

Nottingham Selective Licensing Officially Confirmed

Nottingham Selective Licensing Confirmed Today

It’s official – Nottingham Selective Licensing Scheme gets the go-ahead

The Nottingham City Council Executive Board sat this afternoon (Tuesday 17th April 2018) and approved the following proposal;

PROPOSAL FOR A SCHEME OF SELECTIVE LICENSING FOR PRIVATELY RENTED HOUSES AND APPROVAL OF LICENCE CONDITIONS AND FEE

The key agreed elements are listed below;

• Applications to commence 1st July 2018
• Licensing scheme commences 1st August 2018
• Fees: Non accredited Landlords – £780 per property (payable in two installments i.e. £460 and £320)
• Fees: Accredited Landlords – £480 per property (payable in two instalments i.e. £360 and £120)
• Fees: Cover the 5 year licence scheme
• Floor plans abandoned
• Requirements (if any) for Electrical Installation Certificates delayed for circa 2-3 weeks time
• Non UK residents will not qualify for a licence (please seek our assistance as we can help)

Mark Batty of Walton and Allen attended the Council meeting today and heard it first-hand that the licensing scheme was rubber stamped.

Find out what your requirements will be as a Landlord

What next for Selective Licensing?

Due to the tight timescales involved we must act now. Indeed, we are employing a full time ‘Selective Licensing Coordinator’ to assist our current Landlord Clients and any Landlords who wish to instruct us to look after them also.

Now that we know the council requirements and fee structures we shall be contacting our clients (very shortly) with guidance and the services we can provide them. This involves obtaining the licence and retaining it over the next 5 years.

Please keep an eye out for our imminent communications via email, post and social media.

<< Back to our Nottingham Selective Licensing Hub

Need any further advice on Selective Licensing?

We are happy to offer advice on the Nottingham Selective Licensing scheme for both our current Landlord Clients and those who do not have properties managed by Walton & Allen. Fill in the form below with any questions you have, or call 0115 9243304.

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Selective Licensing Clinics

There are still spaces available for our Selective Licensing Clinics. Have a chance to learn all about the scheme and ask any questions you may have. The clinics are at 2pm every Friday and last for around an hour at our offices.

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