The mortgage process, when it proceeds through a mortgage advisor, usually takes two to four weeks. However, it may take longer if you proceed through a lender directly.
A property solicitor is a legal person who can proceed with your legal matters, whether you are selling or buying a house. A conveyancer can also guide you in buying or selling a house, but he cannot proceed with legal matters. So, hiring a property solicitor is a better option than a conveyancer.
If you want to find information about your landlord’s property, you can check it online on the land registry website. However, you must pay £3 for each copy of the title register, which contains the entire legal information about the landlord’s property.
The legal requirements for a landlord in London, UK, are a tenancy deposit protection scheme, HMO, safety regulations and protection and smoke alarm regulation.
Running an HMO without a licence in London, UK, is illegal. You may have to pay £30,000 per offence as a fine if you run an HMO without a licence.
Tenants are responsible for paying for minor damages and repairs, such as repairing their own washing machines, appliances, and installed showers. However, tenants can also ask the landlords for plumbing and drainage repairs if needed.
Building a rent-to-rent business is a data-driven approach. If you want to rent to rent, you must inform the landlord about using his property for further rental. Using the landlord’s property for rental without informing him is illegal.
Not all, but only a few residential properties in London require a landlord’s licence. If you need a licence for your rented home, inform your landlord, who will be responsible for obtaining the licence.