To think that Landlords have a bad name.

Watching homes under the hammer gives me the rage, yesterday a landlord had 20+ properties. Bloody greed! It shouldn’t be allowed to happen. Especially ex council properties.

Within the past few years, due to changes in tax it has become far less attractive for landlords to buy houses to rent. They changed the law on the income tax you pay on the profit, and also on the capital gains tax you would have to pay if you sold.

In my area, landlords and no longer buying homes to rent because it’s not financially viable to do so and yet, the house prices are still going up

Again, this is what bugs people. This pretending that you're doing it out of the goodness of your heart.

Why can't you just accept that you're in it for the profit?

Show me where I said that? I was refuting OP's claim that "most people are happy to rent".

OP why are you making it about you?

Of course there are some good landlords out there. Maybe you are one and maybe not - would have to ask your tenants! However, unfortunately there are a lot of people who just should not be allowed to be a landlord at all.

Anyone that’s had to rent a number of different properties over the years will have come across shitty rental situations:

• Being forced to move out their home with all the costs associated with it
• Forced after one year renting to accept a huge rent hike just because the ‘market has gone up’ or if you don’t accept then as above.
• Forced to live with broken boilers/leaking roofs/dirty properties on move in/shitty furniture because landlords are too cheap.
• Having a tonne of stuff taken off the deposit for no reason (pre tenancy deposit scheme this was rife).
• Landlords that put absolute shite in the contracts - like no gym equipment I’ve seen before! I’ve also seen ABSOLUTELY NO PARTIES in capitals in the middle of a contract- so unprofessional
• Landlords who you get in touch with and they respond with a message about their own lives, e.g. oh you’ve seen a mouse, we’ve got one in our home too. They are everywhere in London.
• Landlords that actually give a bad reference despite having good tenants and no issues because they have mental health issues (and no this one isn’t me but happened to a friend losing them money).
• Landlords that don’t act reasonable when for whatever reason a situation changes and someone needs out. E.g charging people every fee they can think of despite being able to replace them easily.

It’s easy to see why people get put off.

The reasons you’ve said don’t really make you a good landlord that’s just basics that you need to get right.

Landlords who carve up properties into tiny rooms etc - awful
Landlords who take advantage of housing benefit by charging the maximum amount that’s payable by the benefits for a shitty property not worth it - awful
Landlords that think they should charge as much as possible and encourage tenants to out bid each other etc - awful

Is it the landlord’s fault their credit score is too bad for a mortgage?

Yeah OP - you are personally responsible for the high house prices and the fact that some people can’t buy homes 🤦‍♀️

@Arewe29 Yes this is what I wonder. I own my own home but have used rented properties when needed.

There’s been twice where I had to rent

once on a long term secondment with work

and another time a relationship that was going nowhere saddling ourselves with a house would of been a disaster

we needed LL

These threads bring out all the 🤪🤪🤪🤪🤪🤪🤪

And not being able to get a mortgage due to a bad credit score does not mean they are happy to rent! In that scenario they're renting because they have no choice, as I stated!

SOME people are happy to rent. But not MOST people as you stated.

They can't afford one because landlords are driving up property prices. Doh.

I’m a tenant who has seen both sides.

Old landlord who was horrendous and would not answer calls from letting agents to fix things including when boiler broke and we had no heating. In the end the letting agents went ahead with installing new boiler. Landlord had over 40 properties. We had holes in external walls and ended up with rat problems - landlord refused to pay for pest control so letting agents paid as the issue was due to structural defects and not us as tenants.

OTOH now rent from a wonderful landlord who fixes issues promptly, looks after the property and cares about us. She bought my children Easter eggs and gave them money for Christmas. We appreciate her and she appreciates that we are good tenants.
Not all landlords are scum and not all tenants are bad.

"An asset" - sickening. It's someone's home.

This is wild. Are mortgage providers scum because they make profit from people's need for housing?

I don’t get the idea that if landlords just sold up then the struggling tenants would buy the houses- clearly they can’t afford it otherwise they would have bought one wouldn’t they? I mean DOH!

Besides whenever home ownership comes up on here there are loads of people saying “NOT everyone wants to buy- I like renting” so which is it?!

I rented out my nans house after she passed- never realised that meant I was selfish and horrible 😂🤣of course I am sure all the critics in this thread would have just gifted it to a random stranger for a pound 😂

You do it because it makes you money that you don't work for. Stop trying to pretend that you're altruistic. People can't afford to buy partly because "investors" hoover up so much of the housing stock.

There are plenty of reasons why people might want to rent - students, working on a contract in an area or just wanting to get a feel for a new area, gap between purchases etc. I don't think the removal of all rental stock would be helpful.

I do think it's not ideal for a family who wants a stable long-term home though.

What the answer is and how you balance those two factors, I am not sure. I guess more affordable homes or social housing for the latter so that rental housing stock can be utilised by the former group.

We tried to buy a house, our home to be but a landlord has bought lots in the area. Estate agent dealt with them not us. We offered the same. The house came up rent. Broke our heart and we left the area...I worked for the NHS so 20 patients a day didn't get an appointment...they never refilled my job. Husband was similar. We got lucky next time as seller wanted to avoid a landlord.

I hope you can live with yourself. I feel sorry for you but you lucky as you don't know the pain you give...