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Is your London buy-to-let property correctly licensed?

[vc_row][vc_column][vc_column_text]Each London borough operates different licensing rules when it comes to buy-to-let properties, which can make things extremely confusing for landlords.  If you find yourself wondering if your London buy-to-let property correctly licensed, we can help. Whether your property needs a license or which licenses are needed for your property depends on a number of factors including the borough the property is located in, who resides at the property and how big the property is and how many stories is has. A HMO (House of Multiple Occupancy) licence is required for properties that have more than three floors and five or more tenants.  Additional and selective licences may also be required depending up on the area.   Selective Property Licensing Selective Licensing schemes have been implemented in many London boroughs and these can apply to almost all buy-to-let accommodation, not just HMOs.   Additional Property Licensing Any council is also able to introduce ‘additional’ property licensing for HMOs that fall outside of the scope of mandatory HMO licensing. At present, approximately a third of all London Boroughs have these licences in operation, with several others due to follow suit.  It’s vital that landlords and agents need to ensure that they are up to date with current licensing legislation. In the lettings market legislation changes so regularly it’s crucial you keep on top of the changes.  If your property isn’t inline with current rules you could face fines of up £30,000 and criminal conviction. At Pisoria, we constantly remain up to date with the latest licensing laws, therefore you can rest assured that your properties are complaint with legislation.  Find out more about how we can help you here. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_cta h2=”Did you find this article useful?” txt_align=”center” add_button=”bottom” btn_title=”Pisoria Newsletter” btn_style=”3d” btn_color=”black” btn_link=”|title:Pisoria%20Newsletter%20|target:%20_blank”]If you would like to receive more of the latest relevant updates for property investors and landlords, why not sign up for our free monthly newsletter? To subscribe simply follow the link below.[/vc_cta][/vc_column][/vc_row]

renting out a property

Renting Out a Property In London

Why East London Is The Top Hotspot For Buy-to-Let Investors The Pet Shop Boys may think it’s better to Go West, but if you’re a property investor planning to buy-to-let in London, go East. London is notoriously one of the most expensive capitals in the world. However, the rental yields are extremely good. So how can you take advantage of a healthy rental income if soaring property prices prevent you from making an investment in the first place? Regeneration is the buzzword in London, and most of it is happening in the Eastern boroughs. Canary Wharf, Shoreditch and post-Olympic Stratford have paved the way for new housing opportunities and a better quality of life that’s still within easy reach of Central London. And the good news is, there are certain areas in the East End that are still affordable, while rental yields are ever increasing, making them a great opportunity for potential landlords. Here’s why East London is the top hotspot for buy-to-let investors: Regeneration The success story of East Village London (with its new E20 postcode), which before the 2012 Olympic games project was a derelict brownfield site, and is now a thriving, sought-after area, has set the standard for regeneration projects of other run down areas. Areas that are experiencing the ‘Olympic effect’ include Barking, Ilford and Hackney Wick, where industrial sites, abandoned factories, old warehouses and derelict Victorian buildings are being transformed into homes, luxury flats, chic restaurants and entertainment venues. Shoreditch also stands out as a regeneration success. The once run down borough was considered an undesirable place to live up until the 1990s. It is now a vibrant, dynamic and fun place to live, with an influx of creative and artistic businesses, renters and homeowners. More regeneration is planned, which will turn this thriving area into one of the most sought after postcodes in London. Crossrail Officially named the Elizabeth line, the crossrail link set for completion in 2019 has already been nicknamed the ‘Lizzie Line’. The much anticipated construction is set to transform rail links across London, seamlessly connecting the East with the West and beyond to Heathrow Airport. The Crossrail links will make commuting far easier and quicker, so more renters will be happy to move further East. Property Prices Once the Crossrail transport link is complete, it’s expected to have a direct impact on property prices in East London. Now is the time that wise investors can still afford to buy in the regeneration areas, and can expect to see a positive ROI in the years to come as demand for rental properties rise in these up and coming areas. Guaranteed Tenants Areas like Shoreditch, Canary Wharf and Docklands already attract professionals who want a dynamic lifestyle near to work. The lifestyle offered also means that many renters want a longer term lease in a comfortable and pleasant property that they can call home. Pisoria offers a range of property management services for landlords in London. For more information and advice on renting out a property in London, contact us today.

Rent a Room London

Rent a Room London

Opt For All Inclusive Rent in London If you have recently secured a job in London and are in search to rent a room London, it’s understandable to feel overwhelmed. Finding affordable housing in London, whether to buy or rent, can be a challenge due to the high cost of living. It’s important to consider what compromises you are willing to make on your ideal home, and to also consider alternative options such as living in a shared apartment or house. Additionally, researching neighbourhoods and areas with lower costs of living can also help you find a more affordable option. How to Rent a Room in London When searching for a Room to rent in London, it’s crucial to conduct thorough research to avoid ending up in a place that doesn’t meet your needs. Many landlords may exaggerate the size of a room or fail to disclose additional charges. To ensure a successful search for a house share, consider the following factors: By considering these factors, you’ll be better equipped to find a house share that meets your needs and budget. Additionally, it may be helpful to seek out recommendations from friends or colleagues who have experience finding rental accommodation in London. All-Inclusive Rooms to Rent in London If you’re in search of a Spareroom in London and have a limited budget, an all-inclusive deal may be the solution for you. Such deals are gaining popularity as they provide a convenient and budget-friendly way to manage finances. Pisoria offers its clients a comprehensive package that includes: All for a single monthly fee. This type of all-inclusive deal is particularly beneficial for those who are new to the city, as it eliminates the hassle of having to navigate multiple bills and payments each month. Additionally, it can also provide peace of mind by eliminating the risk of unexpected costs or hidden fees. It’s a great option for students, young professionals, and anyone looking to save money on accommodation while living in London. Furthermore, having all the bills and services included in one flat rate can allow you to budget your finances more effectively, and enables you to focus on other important aspects of your life, such as your job, studies or social activities. If you are looking for an all-inclusive accommodation option, Pisoria offers a comprehensive and budget-friendly solution that is worth considering. An all-inclusive accommodation package can provide a seamless and stress-free experience for those on a tight budget. With Pisoria’s package, there are no disputes over individual bills or usage, as everything is clearly divided and included in the flat monthly fee. This eliminates the risk of unexpected costs or hidden fees that can often come as a surprise when renting a place in London. Furthermore, having all the bills and services covered in one flat rate allows for better budgeting and financial planning. It also frees up time and energy that can be spent on other important aspects of life, such as work or studies. If you are looking for an all-inclusive accommodation option in London, Pisoria’s package is a great solution to consider. With everything included in one monthly fee, it offers a convenient, budget-friendly and stress-free option for those looking to rent a room in London. Added Extras In addition to providing budget-friendly all-inclusive packages, Pisoria also offers comprehensive support to ensure that our clients have a smooth and stress-free experience. We have an exclusive partnership with British Gas to ensure that our clients are never left without heat or hot water. We understand that life can be unpredictable and that is why we offer full flexibility with our minimum stay requirement of 6 months and a short notice policy. To ensure that our clients have the best experience possible, we have strict standards for our landlords, so you can rest assured that you will find a room that meets your needs and exceeds your expectations. When it comes to rental agencies, Pisoria has a reputation for having one of the best portfolios in London. We pride ourselves on our ability to find you a room to rent in London quickly and efficiently. With our all-inclusive packages, comprehensive support, and exclusive partnerships, Pisoria is the ideal choice for anyone looking for a room to rent in London.

Top Tips When Looking For Accommodation In London

Are you looking for Accommodation in London? One of the world’s most vibrant and diverse cities, attracts people from all corners of the globe. Whether you’re a student, a young professional, or someone pursuing new opportunities in this bustling metropolis, finding the right accommodation can be a daunting task. Hunting for a flat share in London may initially seem like a nightmarish endeavour to some, given the city’s reputation for high demand and steep prices. However, fear not; there are strategies and insights that can turn your accommodation search into a successful and satisfying experience. In this extensive guide, we’ll explore how to secure quality accommodation in London, covering everything from initial steps to final decisions. Where to Begin: Seek Advice and Research Your journey to finding quality accommodation in London should start with gathering information and seeking advice from those with experience in the city. Begin by talking to your friends who may already be living in London. Ask them about their neighborhoods, the amenities, the local parks, and the convenience of transportation links. Insights from current residents can be invaluable in helping you narrow down your search to areas that align with your lifestyle and preferences. After consulting with friends, turn to online resources to further refine your choices. Research the affordability of the neighborhoods you’re interested in. A quick online search will provide you with a ballpark figure of how much accommodation in London might cost you. This preliminary research will help you set realistic expectations and a budget for your housing hunt. Leveraging Estate Agents: A Wise Investment The notion of using a London flat share agency might initially raise concerns about additional expenses. However, it’s important to recognize that these agencies can actually save you from many of the common challenges that come with the housing search. While platforms like Gumtree may appear attractive, they can sometimes lead to undesirable situations involving unscrupulous landlords. Estate agents, on the other hand, can act as invaluable allies in your quest. They can shoulder a significant portion of the burdensome aspects of the process, such as filtering out scams and fraudulent listings, ensuring properties are fit for purpose, and helping you find a reasonably priced rental. When reaching out to an estate agent, consider making an initial phone call. This can expedite your search and get you closer to finding the perfect flat share in London sooner. Engaging with Current Tenants: Insights from the Inside As you visit potential rental properties, take the opportunity to engage with current tenants if possible. They can provide you with an insider’s perspective on what it’s like to live in the property. Ask them about their experiences with the landlord and the estate agents in London who manage the property. This firsthand information can offer valuable insights into the dynamics of the house and the living environment. Building a friendly rapport with current tenants can also be beneficial. If you decide to move in, having a positive relationship with them can enhance your overall living experience. Therefore, it’s worth making an effort to get to know them during your visit. Prioritize Pre-Move-in Inspection Before committing to a rental agreement, conduct a thorough inspection of the property. Examine all ceilings and walls for any signs of leaks or damage. Ensure that utilities, such as plumbing and electrical systems, are in proper working order. This proactive approach can help you avoid unwelcome surprises after moving in, such as discovering that the house is in poor condition or that essential amenities are malfunctioning. A well-kept and well-serviced property is essential for a comfortable living experience in London. By making these checks before signing the lease, you can protect yourself from potential inconvenience and unnecessary expenses down the line. Know Your Priorities and Preferences Finally, it’s crucial to have a clear understanding of your priorities and preferences when seeking a room to rent in London. Communicate your specific needs to your estate agent to assist them in identifying the ideal flat share for you. Clarity regarding your expectations can streamline the search process, increase the likelihood of finding suitable accommodation, and expedite the decision-making process. Pisoria: Your Partner in Professional Accommodation in London If you’re in search of professional accommodation in London, consider Pisoria as your trusted partner. We prioritize your well-being as a tenant and are committed to finding a flat share in London that aligns with your individual needs and preferences. Our goal is to ensure that your living experience in London is not only comfortable but tailored to your liking. Understanding the London Housing Market To make informed decisions in your quest for quality accommodation in London, it’s essential to understand the dynamics of the London housing market. London’s housing market is known for its diversity, with various types of properties available for rent, including flats, apartments, houses, and shared accommodations. Each type of property comes with its own set of advantages and considerations. Flats and apartments, for example, are often preferred by individuals seeking a private living space with their own amenities. These options are typically more expensive but offer a higher degree of privacy and independence. On the other hand, shared accommodations, such as flat shares, can provide a cost-effective solution, especially for those on a budget or looking to establish a sense of community in a new city. Budgeting and Affordability Budgeting is a crucial aspect of your accommodation search. The cost of living in London can vary significantly depending on the neighborhood, property type, and the number of people sharing the accommodation. Therefore, it’s essential to establish a realistic budget that considers not only rent but also other expenses like utilities, transportation, groceries, and leisure activities. When setting your budget, keep in mind that London is known for its competitive rental market, and affordable options may be in high demand. Therefore, it’s advisable to be flexible with your budget while ensuring it aligns with your financial situation. Navigating Neighborhoods London is a city of diverse neighborhoods, each with…