In July 2023 Islington Council said they were planning to expand their licensing scheme for private landlords. The original one meant that every landlord in Finsbury Park had to get a licence and comply with the terms. However, they would be expanding it to cover Tollington and Hillrise too. It came into effect last month. We want to have a closer look at it here, then you can speak to us if you need help with guaranteed rent in Islington.

The licensing

Islington’s Council chose to take action because of concerns about the quality of housing in the wards. It was also a response to some locals complaining that their landlords did not listen to their concerns and left them in unsafe homes.

Around a third of all homes in the borough are private rentals. As a result, the responsibility is on landlords to ensure they are safe and habitable. Sadly, the local authority said some rogues weren’t doing this, instead leaving people living in poor quality homes so they could dodge maintenance costs.

To resolve the issue, crackdown on rogues, and protect residents, the council now requires landlords in the three wards to get a licence. They must sign up, get the licence, and comply with the conditions. Most crucially, they have to ensure that properties are safe, habitable, and affordable.

Investing

If you are considering investing in either of those wards, it is important to ensure you understand your obligations. We can help, even arranging guaranteed rent in Islington as an alternative to being a private landlord.

Penalties

With the scheme, the local authority has the power to penalise landlords in Finsbury Park, Tollington, and Hillrise. Those that don’t sign up or fail to meet the conditions can experience some harsh repercussions. There could be a fine or a criminal conviction. There is no limit on the fines either, so it could be a massive bill.

Residents

Any tenants in the three wards can check if their landlord has a licence. There is a useful Public Register on the Council’s website to do so. You can also contact the local authority if you have concerns.

Counsellor comments

Una O’Halloran, the Executive Member for Homes and Neighbourhoods, had a statement about the licensing scheme. She said the council would stand with tenants to “make sure they have the protection, and the homes, they deserve”. She said that while most landlords in the borough are responsible, they want to support those that do have concerns about the quality of the homes they are renting.

Do you want to try guaranteed rent in Islington?

If you are thinking about your assets or new investments, we would love to help. We can explain the ins and outs of rent guarantee schemes, including covering the financial benefits. Our expertise in this area is extensive because we’ve been doing it for over a decade. As a result, you can rely on us to provide the details you need.

So, speak to us today about guaranteed rent in Islington. We can work with you to find the best solution for you, from a single year up to five years.