To think that Landlords have a bad name.

Sadly, every thread I've glanced at/seen on this site is about "nasty LL's." This thread is a first

you get good and bad, R's and LL's but as per OP, on MN, its 99.99% of the time seen as a the LL's fault

I've seen T's in action especially in brand new homes - went to one via work years ago - it was a lovely semi in a gated area of London - even years ago this coucil had a ruling that all new builds had to have a erceantage of affordable houing, ordianry housing people could buy and rentals. This was a HA rental - it had doors that had been kicked in, walls with holes and garden full of dog mess inc some inside. The family had a brand new Nissan suv, they cited they were unfit to work but the man was ready to fight anyone and working on the side as it later turned out. His partner had a ASB notice against her for harassing the neighbours and making threads to beat them up. Yes, most of the social housing rental i went to were not like this but it shows you have bad T's as well as some bad LL's but MN's threads are 99.9% re so-called bad LL's

I love how LLs always understand but others don’t. And how any imposition on a LL is unworkable, ‘ludicrous’ even.

There are challenges in reform and those of us who advocate change can only outline what we believe to be needed. But it’s complex and needs a lot of work. This is a chat forum. Nobody is going to set out a 1,000 page policy document on reforming the housing market.

Crack on with being a good LL. But major change is inevitable.

I don’t agree with those statements about landlords but I am sick to the back teeth of LL on here proclaiming they’re all renting below market rent to poor/single parent/benefit claiming/families/pet owners.

If so many people did let their properties below market rent, it would affect the entire market. Just own it!

I’d plan to change the housing market to allow affordable rents, an end to hobbyist profiteering and a wider right to buy at discount.

I commented on phased change previously.

If you didn't allow LL's to buy with a 75 percent mortgage then about 85 percent of LL's would cease to exist. What do you think should happen to all the tenants that get evicted? Temporary accommodation?

This is a fascinating thread not least because there are very few people on here with a true understanding of the housing market, and even fewer with any idea how it can be fixed. Plus a huge number of judgmental people who think their ideas are reasonable but are utterly ludicrous and th.

In the meantime those of us who do understand that there are huge issues for both tenants and landlords and enforcement but realise there is currently no alternatives will quietly continue to do what we do as well as we can.

Maybe so. But that’s why stringent regulation is needed across the board.

Even if that’s true, we all know that’s renters being used as cash cows to allow capital gain on sale. Another reason why tenancies with BTL LLs are so precarious.

Your post is a bit tone-deaf, OP. You might be a good landlord, but there are so many people who would like the security if ownership but landlords like you are distorting the market. Indeed, many people are paying more in rent than they would for a mortgage on the same property. Do you really need all these houses? Buy-to-let is a generally exploitative practice. What is your primary reason for doing what you do? To provide affordable housing or to make money and be financially stable? Think about it.

The government can legislate for property ownership, transfer and taxation. That’s not theft. It’s governing.

(A1P1 of the Convention would be most unlikely to matter: intervention in real property ownership would be in the public interest and would in any event be a change in the right to disposition, not confiscation.)

Most btl LL pay interest only so renters are not buying the house for the LL. This is a constantly banded about myth.

@Applescruffle, you must be aware a bank will only lend 4 times joint earnings to anyone for a mortgage. The stress test is how much people earn X the multiplier. The banks look closely at outgoings and how much is actually disposable income too. I don't make the rules the banks and building societies do. Even if a person wanted to buy a house for £200k they would also need £2500 solicitors fees at least plus even a tiny 5 percent deposit they would need £10k. Then there's the arrangement fee for the mortgage of anywhere from £1-2k. You are looking at the minimum of £15k including removal fees.

That’s clearly not what I said.

LLs who can’t fix the roof or the mould or the windows or re-wire or change the appliances etc etc shouldn’t be letting.

Cash reserves would be part of proper regulation. That’s about standards, not wealth. I’d expect private LLs to be properly run companies TBH.

Taking someone's else's property would be theft.

Sounds like you’re advocating only the “rich”, however you choose to define that, being permitted to be landlords. Not a view I’ve heard before!

Well said 👏

@SENMum1985, you are being ridiculous. Close to me within 3 miles there are 50 separate 2 bedroom houses for less than £250k. There are 84 3 bedroom houses for £250k or less. So 134 houses available. Some have been on the market for months. Plenty of time for anyone wanting to buy their one and only home to get on and do so. But they don't because of the reasons I've suggested no deposit or not earning enough to get through the bank stress test.Nothong to do with LL's who in 2023 sold more houses than they bought. So actually more houses available for FTB. The houses sit empty or someone buys them.

OK, but you are then “rolling in money”!

I have no problem with that, BTW, I’m in favour of wealth creation. My objection is to that creation being by the offer of housing to others on an essentially unregulated, socially harmful basis.

But we’ll differ on that.

You do want to change their opinion then. You want them to think that they’re not all bad and often provide a necessary service.

I agree with you, obviously as I know I’m a good landlord, but I don’t care for peoples opinions. Why do you? Just accept that not everyone will agree on everything.