I'm considering buying a new build property in a selective licensing area. How does the selective licensing process differ for a brand new property compared to an existing one, and what due diligence should I perform before purchasing?
Quick Answer
New build properties in selective licensing areas must still obtain a license, just like existing ones. Due diligence should focus on understanding local council requirements, ensuring the property meets all standards, and factoring in the associated costs and management implications.
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Understand selective licensing for new build properties in the UK. Learn critical due diligence steps and how to ensure compliance before investing.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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