To hate homes under the hammer

@Pudmyboy

I hated the way renters were seen as cash cows and substandard accomodation was seen as fine.

I agree. I cringe when I see the shoddy way they cover up problems. There was one I saw where there was damp on the walk in the dining room. Typical landlord owner saying he'll have it renovated in a month for £5k to include new kitchen, bathroom, rewiring, decoration, etc. When it showed the final result, the idiot had just put wood panelling over the damp wall rather than deal with the causes of the damp.

They may as well show the same programme each time as it's all the same old same old

I don't mind house flippers - they are turning run down properties into habitable (and more importantly - mortgage-able) accommodation.

It's the buyers with an existing "portfolio" that I'd have lined up against the wall and shot.

Landlords are such leeches on society; I completely agree with you.

I tend to agree, but I have always assumed that the expenditure on these things will be at trade prices. Some of them are trades people themselves, so it won't cost them for at least some of the actual 'work' and where it does those with bigger portfolios are almost certainly negotiating the costs they need to pay for work done where they use the same tradespeople in some kind of contract

For sure, most people could not get these things done for the 'budgets' being quoted.

Probably lots of "friends" who are doing the work off the books, so cheaper because no VAT, no income tax, no NIC, etc. Guys doing the work happier because of no IT/NIC (and maybe even still wrongly claiming benefits). Owner is happy because not only is the job cheaper, they're evading VAT too! The only things they get done "properly" are the gas and electrical installations because of the regulations.

It's a mug's game trying to renovate a house if you're using "proper" trades who are charging VAT, putting their staff wages through PAYE, and paying their own tax and NIC on their profits.

As the owners aren't intending to sell any time soon, they don't care that there are no Fensa (or equivalent) window certificate, nor the usual 5/10 year guarantees that buyers would typically want to see. It's only really the gas and electrical safety reports needed when they rent out a house.

I agree with you op

Absolutely this.

It needs a kitchen and bathroom in order to be valued, and assessed by the lender as suitable security, in case they need to repossess and resell. There's a reason these houses are at auction in the first place. It also needs to have a roof and windows i.e. be weather tight.

I used to watch it but got fed up of the 'well if you want to sell on you are going to need to get rid of the dreadful carpets, put in a new kitchen and bathroom, update the electrics, but if you want to rent it out: a quick coat of paint and you are good to go with a +7% profit...' I hated the way renters were seen as cash cows and substandard accomodation was seen as fine.
Yes this is a bigger issue, when Right to Buy was brought in, there was an idea that councils would replace the stock sold, they didn't, and so the housing market is in this mad state where prices and rents are ridiculously high, and there is no security of tenancy...we need to use models of housing like Europe still has and not focus so much on purchasing, make social renting the norm again. In my opinion.

Not the only property programme that contributes to higher prices than would otherwise be the case, and therefore shuts some people out of house ownership.

Indeed not the worst.

I may be wrong but is it because some don't have functioning kitchens / bathrooms so are not mortgageable?

Or non standard construction?

It was his very obvious glee at the amount of money he was going to be making via HB from the taxpayer.

If even half that money (billions) that went (and probably still goes) to landlords, had gone into maintaining/building social housing instead, maybe the country’s finances wouldn’t be in quite such a mess now.

This is the best thing about it!!

A family member of mine was on it a few years ago and we were so excited to see what music they used!!

( Before I get jumped on, they bought a project property which they still live in. They occasionally get visits from the programme because they bought it for £120K and it's now worth 1 million)

I'm not sure why people are saying you couldn't get a mortgage on the properties? Am I missing something, they are just regular houses? We got a mortgage on a do-er upper, we did it up with a baby in tow. I mean I was bat shit crazy to do it but it worked out in the end!

I think it's misleading because they always announce the pre tax profit, best case scenario and if the owners are builders/working themselves their hourly rate obviously needs to come out of that which doesn't leave much. I've been watching the new episodes a bit and the profits are way lower than they used to be. I just like the entertainment factor of the before and afters

Oh, I love the matching music choices. Must be such a good job being the person who chooses it.

Well it’s a good job some people are taking on the risk of buying houses to rent out - whether it be to families or single folks as HMO’s - because the government certainly aren’t.

Does anyone on here actually understand the reasons behind the rental crisis?

Clue: it’s not down to evil landlords.

I was off work ill for the best part of a month and probably watched all the episodes. I certainly wouldn't want to take on any of the properties that were up for auction. Most go for well above the set price. I do envy the builders who can come in and see instantly what the problem is and what needs sorting.

In what way was this galling thought? I can’t see your point.

I had to stop watching it for the ridiculous music. They try to find a song that matches up with either what the presenter/buyer has just said or what is being shown at that time.

So for example buyer says 'we aren't going to rent it out we are making it our house' cue Our House by Madness playing. Drives me insane and I had to stop watching