An unexpected announcement about an increase in Court fees has shocked landlords and letting agents alike.
Thanks to Landlord Law for providing us with the low down:
Court fees will be going up on 22 April. The court fee for eviction proceedings for example will go up from £175 to £280 and the PCOL fee (the possession claims online service used for rent arrears claims only) will go up to £250.
Other changes are:
>> the introduction of a generic issue fee (£280) for all non-money cases across the civil court syste
>> increases to issue fees for money claims with a value of over £1,500
>> increases in small claims track hearing fees
>> the introduction of the same general application fees across the civil court system, including family proceedings
>> increases to fees charged in judicial review proceedings from £60 to £140 for an application for permission and from £215 to £700 for a hearing or oral renewal application
For an explanation of why this is happening see > >> this pdf report
One of the main points that Stuart wanted to get across was the fact that, of the entire “eviction process”, most of the time is taken up waiting for the Courts to do their job, not waiting for the rent arrears to reach the level when the process can be started.
So landlords looking to get their cases in before the price rises are potentially going to clog up the Courts further.
This is a rough outline of the current time scale:
Timescale for tenancy breach:
4 – 8 weeks
Section 8 notice period:
2 – 8 weeks
Period for court hearing:
6 – 8 weeks
Standard repossession order period:
Landlords who don’t have to worry about such issues, are our Guaranteed Rent landlords.
In the unlikely event that there is a need for court action to evict a tenant or recover unpaid rent, the costs are covered by us. With our Guaranteed Rent we will meet all the legal costs & manage the process whilst you continue to receive your rental payments.
It’s all explained in this two minute video:
Find your nearest Northwood office >>> here.
Try our rental income calculator to work out the true cost of running your BTL property.
Northwood is one of the largest and most recognised lettings agents in the U.K. and the leading supplier of Guaranteed Rent to give landlords complete peace of mind.
Find us on Twitter @northwoodUK or visit our YouTube Channel.