Landlords clobbered by new council licensing fees
Original Article Summary
Landlords operating without suitable licences could face prosecution or financial penalties of up to £30,000
PropMatch Curated Analysis
Wandsworth Council has implemented mandatory licensing for HMOs and PRS properties in four areas, charging £850-£1,450 per property, with over 3,400 applications received and enforcement already resulting in 40+ formal notices to non-compliant landlords.
Investor Relevance
Direct financial impact on Wandsworth landlords through mandatory licensing fees and compliance costs. Risk of £30,000 penalties and tenant rent reclaims for non-compliance. Affects portfolio profitability and requires immediate action for affected properties.
Original Source:
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