I should have the right to buy from my my to let landlord after 6 years here

[chocolatekatie]

No government will ever do it as loads of them are into buy to let hence why they do all they can to prop up the bubble.

My landlord thinks he's some businessman doing me a favour by letting me live here. Actually he's the problem, he just had money so can afford to buy up property - push up the price and force people like me to rent.

And those of us who do own our homes? Can we get rebate because we paid artificially inflated prices because of all those nasty bad people buying property?

He's running a business, letting out houses.

If you can afford to rent, why can't you afford a mortgage? Some rents cost more than mortgages?

If you brought in a private sector buy to let law, the instant consequence would be tenants being routinely evicted just before they reached the qualifying length of tenancy for right to buy. So even less security for tenants.

If you want to reform the housing situation, far better to tweak the tax system so landlording is a less attractive option.

If you can afford to rent, why can't you afford a mortgage? Some rents cost more than mortgages?
Because it's SO difficult to get a mortgage, people don't have/can't save a huge deposit.

You already have the right to buy. Make your landlord an offer. If he doesn't want to sell there are lots of other properties for sale.

If you can afford to rent, why can't you afford a mortgage? Some rents cost more than mortgages?

Wow, people really are this clueless.

Rivercam have you seen how much rent is in some places at the moment? Absolutely I could probably afford the repayments on quite a substantial mortgage based on the rent we can pay at the moment. Try saving for the deposit whilst paying that rent, it's bloody hard.

Something tells me the op won't feel they should have to pay market rate Clarins, or go through standard mortgage hell.

If you can afford to rent, why can't you afford a mortgage? Some rents cost more than mortgages?

Let me be the first to welcome you out from under your rock! You must have been under there since at least 2008!

Anyway, out here in daylight, there was this thing called a "global recession" where some people working in banks did some dodgy stuff and now (wait for it, you may need to sit down for this) banks require a 10% deposit before they'll usually consider offering a loan at anything resembling a reasonable rate.

And, get this, cost of living has spiralled so dramatically as opposed to stagnation of wages (remember that global recession thing I mentioned?) That those currently renting can't afford to save for a deposit whilst also paying for pesky things like rent, bills, food and childcare.

I know, crazy right?

If you can get a mortgage for his house why not get on a mortgage for a house that is for sale?

I was going to say YABU, but then I read RiverCam's 'if you can afford the rent, why can't you afford a mortgage? Some rents cost more than mortgages?' comment. Now I'm ready to join the Communist revolution. I don't even care if Russell Brand's in charge. Bring it on.

Well said, Batman! Some people really do live in a bubble.

I think the op is frustrated by their situation and questioning the way in which landlording prevents them from owning their own home. Prob a bit too socialist a concept for some.

right to buy properties are sold highly under market value. Why do you think a private landlord should lose money, I don't mean earn less but lose money so you can buy a property?

I know people who are moving away for a few years (armed forced) and are going to rent out their properties and similair people who are renting out their properties while they are in sheltered accommodation which they pay for with their rent. This would be may too difficult and expensive to legislate and moniter such exclusions. Onthehugh has a much better suggestions with regards to tax.

I have no idea where that random sentence at the start came from. It is not mine!

So because you paid rent for 10 years you now feel that the landlord should be forced to sell his house at a discount to you?
Do you think anybody would rent houses to people if they thought they would then have to sell them at a discount to the tenant?

Just imagine: landlord buys a house with a buy to let mortgage for £150k and pays £800 a month for the mortgage, £50 for landlord insurance, £50 letting agent fee and an average of £100 per month in repairs and ongoing maintenance. The landlord collects £1100 per mot h in rent from his tenant, netting him £100 per month profit. As the tenant has been living in the house for 10 years they are entitled to buy the house from him at a 25% discount. The discount is therefore larger than all the profit he has made over the 10 year tenancy.
I dont think you would see many landlords offering long term tenancies in those scenarios meaning that all tenants would be constantly forced to move around to new houses meaning that anyone in private rental can't ever settle and call somewhere home.

Rivercam many could easily afford a mortgage but because they are paying extortionate rents, which are higher than any corresponding mortgage, they cannot save the deposit. Also as YooPoo stated mortgage rules make it almost impossible for some people to obtain one regardless of deposit.
I think for long term renters trying to get on the ladder it would be helpful to take into account whether they have met their rental payments. For these people, the fact that they have fever missed, or been late, with a payment on their extortionate rent in many long years could be the number one deciding factor in whether they are granted a mortgage for a lesser amount.

I don't live in a bubble thank you. And I'd still like to know what the op means from right to buy a privately rented property?

Is it not reasonable to assume from the op as it currently stands if after six years they could afford to buy the privately rented house they could afford another like it?

Or does the op expect special privilege?

Disagreeing with one misjudged opinion doesn't mean you should have to agreed the other misjudged on. More than one poster can be unreasonable on a thread

Entitled or what! Yabu

Why boy get a mortgage on a flat like we did and work up .. A lot of people waste rent on properties bigger than they need . Rent a small flat , save up and buy a flat then work up... That's how most people start ... I know quite a few families renting flats for this reason .

Unfortunately if that became the case then either tenants would be chucked out just before their right to buy kicked in, or landlords would make them sign some kind of opt-out.

I absolutely agree that the housing market should be slowed but it is not in the government's interests to do so. Especially when people who already own property have such a lack of understanding about how hard it can be for a lot of people to join them, as witnessed on this thread.

It's true on becoming a home owner you are immediately given a very specialised lobotomy by the bank that makes you forget how hard it was getting there. They do an empathy extraction too it's fine though .,.. Didn't hurt a bit.

Quite HoneyDragon. OP YABU, your landlord should not lose money so that you can afford to buy. I do however sympathise with your situation but the answer is not as simple as 'right to buy' because of all of the reasons stated already. We need more houses to be built, less attractive tax environment for buy to let and lots of other fairly major shifts in order to solve your problem.

Sorry, forgot about the deposits. I was thinking about the ongoing monthly mortgage/rental prices. Not properly awake yet.

Seasilverdoller - good suggestion about being able to prove regular commitments to paying