The Cost of Owning Empty Homes in London
Empty homes in London and Essex are increasing, often reported by neighbours to reach the rightful owner/heir. Owning an empty property in the UK can come with financial repercussions. Unexpected costs might result from leaving a house unoccupied. It is crucial to consider this as a property owner. Rather than leaving it as empty homes in London, the best way will be selling it or choose rental services. · L ong-term vacant houses or empty houses in London are subject to higher council tax rates. · The owners may be subject to a surcharge of up to 100% if their property has been vacant for more than two years. · This may rise to 200% for properties that have been empty for more than 5 year. · It can also reach to 300% for houses that have been unoccupied for more than 10 years. The ...