The Burning Question: How Much Does an HMO License Cost in London? (Brace Yourself, It's Not Avocado Toast Prices)
Ah, London. City of dreams, pigeons, and a never-ending quest for affordable housing. If you're a landlord venturing into the world of HMOs (Houses in Multiple Occupation, for those not fluent in landlord lingo), you're probably wondering: how much is an HMO license London?
Well, buckle up buttercup, because the answer is about as predictable as a London bus schedule (spoiler alert: it's not).
The Great HMO License Fee Fiesta: A Borough-by-Borough Breakdown
Here's the thing: the cost of your HMO license depends entirely on which London borough your property resides in. Just like choosing between ketchup or brown sauce on your fry-up, each borough has its own quirky way of pricing these licenses.
We're talking a range from a cool £750 to a slightly-less-cool £1,480 for the basic fee. But wait, there's more! Many boroughs add a cheeky £25-£50 per habitable room on top. So, if your HMO boasts the square footage of a palace (and the plumbing system to match), that price tag can start to climb faster than rent prices after a government announcement.
Top Tip: Don't get caught napping like a pigeon in Trafalgar Square! Check your local council's website for the exact juicy details on their HMO licensing fees.
Fear Not, Intrepid Landlord! There's Hope Yet!
Now, before you drown your sorrows in a lukewarm cup of builder's tea, here's a glimmer of sunshine:
- Accredited Landlord Discount: Some boroughs offer a discount for accredited landlords. So, if you've been diligently attending seminars and racking up those certifications, you might just snag a bargain!
- Selective vs Mandatory Licensing: Depending on the area, your HMO might fall under selective licensing, which typically comes with a lower price tag than mandatory licensing.
Basically, do your research! A little digging online can save you a significant chunk of change.
HMO License London: FAQ for the Time-Pressed Landlord
Alright, alright, enough with the witty banter, I just need the quick answers! Fear not, my friend, for I come bearing knowledge:
1. How to Find Out How Much My HMO License Costs?
Head to your local borough council's website. Search for "HMO licensing" and delve deep into the treasure trove of information (or at least the fee schedule).
2. Is There a Discount for Accredited Landlords?
Maybe! Check your borough council's website to see if they offer a discount for the virtuous and certified.
3. Selective vs Mandatory Licensing: What's the Difference?
Selective licensing applies in certain areas and typically comes with a lower fee. Mandatory licensing applies everywhere else and might cost a bit more.
4. Do I Need Any Additional Documents for the HMO License Application?
Yes, there will likely be additional documents required. Again, consult your borough council's website for the full list.
5. How Long Does it Take to Get an HMO License?
The processing time can vary depending on the borough. Budget in some time for the bureaucracy to work its magic.
So there you have it! The not-so-secret world of HMO licensing fees in London. Now you can approach your HMO licensing journey with a bit more knowledge (and hopefully, a lighter wallet).
