As a landlord, you have a number of responsibilities, so important to know the legalities of buy to let. The Government has a guide dedicated to helping landlords to understand every area, here are the highlights:
You’re a landlord if you rent out your property. As a landlord you must:
It’s your responsibility to:
The Housing Health and Safety Rating System (HHSRS) is used by your council to make sure that properties in its area are safe for the people who live there. This involves inspecting your property for possible hazards, such as uneven stairs.
If you own a property and rent it out, the council may decide to do an HHSRSinspection because:
Inspectors look at 29 health and safety areas and score each hazard they find as category 1 or 2, according to its seriousness.
You must take action on enforcement notices from your council. You also have the right to appeal enforcement notices.
The council can do any of the following if they find a serious hazard:
You have to pay:
If you have a mortgage on the property you want to rent out, you must get permission from your mortgage lender.
There are special rules for changing rents and terms for regulated tenancies (usually private tenancies starting before 15 January 1989).
Here are some other handy links to help you to be a responsible landlord:
If you’re not sure which mortgage is right for you, how much you can afford based on expected rental yield, or whether you meet the lender's requirements, speak to one of our qualified mortgage specialists. They’ll advise you and help guide you through the application process. Just call 03300 583 859.