Will a no fault eviction ban mean less properties available to rent?

[meateatingveggie]

Just that really. While it may stop unscrupulous landlords will it mean many decide not to be landlords at all and therefore fewer properties available?

Sorry, I haven’t seen anything about this in the news. What would this mean? That a landlord can never evict someone unless they stopped paying rent? What if the landlord wanted to move in themselves or sell up?

yes, I’m sure it would mean some landlords stop letting out their properties and either AirBnb or sell them

So many landlords are selling because of the new rules for landlords.The rising cost of repairs and BTL mortgages meaning less profit and so many times the hassle of tenants.Where people will go is a huge problem and very sad.We need affordable property being built quickly but doubt this will happen anytime soon.

It's proposed that they could only evict if rent arrears, or selling, or want to move back in themselves. No other reason would be allowed.

Might not even happen apparently.

www.bbc.co.uk/news/uk-politics-63215265

As a renter, this worries me. I've been itching for a little more security ever since it was proposed. Then it was delayed with covid and now this?

Yes of course it will. Tens of thousands of rented homes are owned by people with only one or two properties. Maybe they inherited one or owned it before they moved in with a partner. Often it’s for their pension.

Now the leglislative changes are making it way too risky, they will just sell up.

At PMQs today they seemed to imply the ban would go ahead.

Hang on.
So landlords are money grabbers that force house prices up and squeeze tenants dry?
But simultaneously stopping being a landlord and selling up is also bad as there won't be anywhere to rent?

Might not be such a bad thing. A sudden flood of the market of property where landlords are all selling at once could cause a price drop and maybe people like me could finally get on the ladder

wishful thinking

Yes hopefully this may happen if all the greedy landlords sell. Ordinary people may stand half a chance of buying. Buy to let landlords should be banned from buying up any more property.

Do you realise how supply and demand works ?

If many landlord sell up, supply drop and rents go through the roof. Many what you call “ ordinary people “ who are now renting do not wish to / are not in a position to buy.

Im always amazed how many people don’t understand the position of the majority of tenants in the Uk. They are not all middle class couples trying to get into the housing ladder in the south east.

They are single mums on benefits, retired or disabled single people and couples, foreign nationals in the uk for work for a few years, people moving to another part of the Uk for work, couples moving in together for the first time, students ( uk and international ), women leaving unhappy or abusive marriages with their children, , young families with only one wage coming in, households dependent on benefits, refugees and asylum seekers, people getting out of homeless.

Your clever plan to make rented housing even more scarce and expensive will penalise all of them.

Soclai landlords are unable to house all of them. It would take years and billions of pounds . And no doubt you would object to your taxes increasing massively to pay for it .

the whole system needs re vamped I agree with the ban on no fault evictions for tenant security, tenants should be able to decorate and hang pictures but not change bathrooms or kitchens or built in furniture on the basis that it is left neutral and have small pets in flats and a dog if there is a garden ( with extra deposit if necessary) also once rent is agreed it can only be raised annually by rate of inflation

all rental properties should be inspected independently to make sure habitable standard before letting and a licence given saying how many people can live there ( children sharing bedrooms is perfectly valid but not 15 builders in a 3 bed house) and the minimum tenancy ie whether it can be airbnb or holiday let or not

Also landlords should to be forced to repair essentials things quickly like heating hot water broken security locks or windowsin 2-3 days, and other things in a defined reasonable framework ie 28 days. if they don't tenant can arrange repair ( after 2 quotes) and charge to landlord with payment required in14 days
However if tenants cause serious damage ( not wear and tear) or things break because of wrong use then they should replace it like for like also if tenant causes problems by letting water overflow or allows mould to grow by not using adequate heating or ventilation when the property is in good condition to prevent this ie it has decent windows and a decent heating system see licence idea above.

no conditions to repaint neutral decor no withholding of deposit for wear and tear, the longer the tenancy the more wear is expected

but also more rapid evictions for not paying rent or being really antisocial or intimidating ie 4 hour drum practice daily not 20 minutes, and also banning councils from saying you are intentionally homeless for leaving when a tenancy is ended for a legitimate reason ( especially if legitimate reasons are narrowed down) they should not make you wait for bailiffs just to present the legal document with date of leaving to council

I think I will cause as many problems as it solves
many. People rent out there’s houses due to relocating with work temp , moving in with partners need a safety net and can’t sell saddling yourself with a tenant you can never get out you’d just leave it empty

I went on a secondment with work years ago left mine empty it’s frightening how tenants can not pay and you have to go through a massive lengthy and costly ( which unlikely you’ll recover) to get them out

Another thread by a landlord wanting to scaremonger us all in believing the status quo is acceptable.

Yawn…

Actually no. I have been a landlord, briefly, when selling a house with tenants as an executor. Not an experience I would repeat.

@R0BYN hi landlord 👋

if a vendor sells a property becomes available to a purchaser who is able to buy. This increases the possibility of a first time buyer getting on the housing ladder.

it is not rocket science. HTH

Which will depress prices and make it easier for first time buyers to get on the ladder, or second time buyers to move up.

But sellers sell. Their properties are not then unavailable because vendors set fire to them with the conveyancer standing to the side checking it was burnt to the ground properly.

Shame about the pension. But let’s turn it on it’s head. Suppose we have a generation or two who cannot get on the housing ladder because prices are high and most of their income is sucked out by rent. They can’t save much for a pension or build assets. Over time as they age and become infirm, they need housing. They need funds for housing. They turn to the state. The state’s housing and pension bill is huge. It is paid for by taxes.

Now. Where does the government get its taxes from? Your let property is like a beating heart. The rent flows in, the taxes flow out. The taxes flow back to the tenant as benefits…..and on it goes.

Do you see?

Oh, that’s not quite everything. There is another thing, but that is the answer to the response you will throw at me…

@1245J what about all those on benefits, who for whatever reason cannot work and get a mortgage?

The competition for rental properties is already horrendous

Me too. The executor role is a duty and a satisfaction though. Especially when we sold the properties to the sitting tenants at a fair, sometimes subsidised price, acting as mortgagee.

In Wales. From December 1st its now 6 month notice. So not scrapped but better (for tenants). Yes, landlords are now issuing Section 21s to beat the deadline.

Yes.

And they will sell at market value, so most of those who would be renting the properties will not be able to afford them either.

So you are saying that every landlord is going to sell up and every tenant is going to be homeless??

Is that what you are saying?

Scaremongering. You know you remind me of Nigel Farage. In the run up to the Brexit vote he said “Do we really want 300 million Europeans coming to the U.K.?”

Quite graphic isn’t it. As if the whole population of Germany, Italy, Portugal would suddenly decamp leaving the whole of Europe empty.

Ridiculous isn’t it?

I am simply saying for some it will make things much harder. Probably the most vulnerable.

I don't like that idea at all

Buying a property is expensive: - stamp duty?? estate agents fees? lawyers fees? mortgage arrangement fees? not to mention the interest which means you're paying tens of thousands on top of the purchase price of a property.

Many tenants can't or don't want to do this.

There's also the risk. Noisy neighbours, a relationship breakdown, a new job or an ugly building development too close for comfort. You want to move but selling up costs a bomb and takes ages. And the maintenance costs that the anti-landlord people always forget. (The service charges, roof repairs, boiler breakdown, dry rot and drainage problems. Again it can be thousands).

You're banking on property prices going up to cover your investment - and yet you're advocating huge changes that are designed to pull them down. So why would anyone want to buy in a falling market. Because then if you need to sell you're really fucked.

Not everyone wants to or can cover this at every stage in their lives. Renting is a great option and it's now getting impossible.

Landlords are selling already. That’s not scaremongering.

That’s not how markets work. It is not a vacuum. Landlords will always be there if yields are good. The price drops and the yield goes up but the rent does not.

The point is prices are due a structural correction. The last time was 1990-1995. Those times are returning.

Quantative Easing and 25 years of cheap money are over.