• Recent schemes fees  £1250 per property!

  • Fines of up to £30,000 if not licenced

  • Extra admin for applications, compliance and inspections

  • Landlord is made responsible for tenants behavior

  • Referencing requirements imposed

  • New mortgage rules mean Landlords may struggle to finance upfront costs.

  • Public Register of Landlords and the Properties They Own
  • Rent increases around £5 per week

  • Council Can Inspect Property Without Notice

  • References Required For Last 5 Years

  • Additional Referencing and Other Licence Rules Will Require Landlords to be More Discriminating Which Will Make it More Difficult For Tenants To Get a Property

  • Landlords will put off improvements as they need to pay the fee upfront 

  • Fewer properties to rent
  • Increase Rent Arrears – Leading to Increased Costs

  • Lost Business – Some Landlords Sell Up or Move to Self Manage

  • Massive Up Front Admin to Get Licenced - Temporary Staff Costs

  • Increased Costs Due to Referencing and Other Compliance Requirements

  • Legal liabilities

if you have any questions, please feel free to get in touch by email at contact-us@durhampluss.co.uk