To think this is pure greed

[Dobbysgotthesocks]

Just received a section 13 notice on my home. 23% increase in rent and given one months notice.
AIBU to think this is nothing more than pure utter greed!

@Dobbysgotthesocks

What could possibly warrant a 23% jump!

For context the house has no central heating. Heating is by open fire or electric radiators on a key meter! House in poor state of repair and repairs take forever!

Its owned by a company who own entire village.

Rent increase has brought it to a similar rate as others in the general area that have recently been let. But all have central heating, parking and are of an overall higher standard than this.

I haven't lived here long enough to have had a price increase before.

This is south west England where prices have skyrocketed due to incomers moving here forcing local people out!

Have you reminded them that you don't have central heating?

Have you checked the EPC rating? Or is the house exempt due to age? Ours was!

I'm trying to work out how you could challenge it without getting a S21 in reply... but I don't think, from what you have said, that this would be possible.

Good luck

The landlord owns the house. They can do what they like.

You also don't own the south west of England. If people want to move, that's their call.

@roarfeckingroarr

The landlord owns the house. They can do what they like.

You also don't own the south west of England. If people want to move, that's their call.

Guessing your either a landlord or an incomer!!

[quote Dobbysgotthesocks]@Woahthehorsey I'm sorry but it isn't your tenants responsibility to cover the costs of your DH and his brothers relationship issues. If you get into financial trouble that's on you and isn't for your tenants to bail you out!!! [/quote]
Well the alternative is evict them and raze the house. Either way, they're screwed. They won't find a cheaper/ same price rental in the same area.

We can't remortgage it because we don't technically earn enough to cover the mortgage so it's on a variable rate.

That is wrong on a number of counts. Have you taken any advice.
It needs to be a a BTL- your income bears no impact (unless higher rate tax payer when they reduce due to tax) The mortgage is calculate don income rental taking into account that income rental is taxable before almost any deductions. Do you have permission to rent? Paying income tax (and the brother on his half of the rental income- income not profit after mortgage payments)

@TheHoptimist

We can't remortgage it because we don't technically earn enough to cover the mortgage so it's on a variable rate.

That is wrong on a number of counts. Have you taken any advice.
It needs to be a a BTL- your income bears no impact (unless higher rate tax payer when they reduce due to tax) The mortgage is calculate don income rental taking into account that income rental is taxable before almost any deductions. Do you have permission to rent? Paying income tax (and the brother on his half of the rental income- income not profit after mortgage payments)

Yes, we've had advice, lots of advice. It's amazing we got a mortgage on it in the first place as its non-standard construction. It's very complex.

Ideally we'd sell it but we'd sell at a loss and whilst DH and I could accept this, BIL will not and is in blocking the sale.

Our options are:

• sell at loss (BIL won't allow)
• get a self build mortgage, raze the property, build another house and sell for profit (Bails preferred option but he won't get a mortgage and we refuse to bank role him more).
• default on the mortgage, obviously this has huge implications for family finances.
• carry on as is and raise the rent in line with other rentals of the same size/ condition.

All options bar the last result in eviction of the tenant but unless we raise rent, 1 of the top 3 will happen. We don't want to be landlords, and did not intend to become one but BIL is a knob. We've been good landlords, we accept pets and housing benefit, fulfil statutory duties, do repairs quickly but we absolutely cannot continue to make a loss.

@Woahthehorsey it's still not your tenants responsibility to bail you out financially for your poor decision making 😡 your not a good landlord whatever you may think!

[quote Dobbysgotthesocks]@Woahthehorsey it's still not your tenants responsibility to bail you out financially for your poor decision making 😡 your not a good landlord whatever you may think! [/quote]
Think what you like. It's not poor decision making. Would you rather I made them homeless? It's literally the ONLY other option.

@Woahthehorsey no you should suck it up and not make other people pay for your mistakes!
Your situation is not your tenants responsibility. You messed up you deal with the consequences!
This is precisely why not just anybody should be allowed to be a landlord!

[quote Dobbysgotthesocks]@Woahthehorsey no you should suck it up and not make other people pay for your mistakes!
Your situation is not your tenants responsibility. You messed up you deal with the consequences!
This is precisely why not just anybody should be allowed to be a landlord! [/quote]
Haha, yeah suck it up and make ourselves homeless! Yeah right. You've clearly no idea. This thread has made me discuss the situation with DH and I think we're going to push on with legal action against BIL so we can sell the house and not be landlords anymore.

And we didn't mess up, we inherited a house which BIL now won't let us sell. We don't want to own it, we never wanted to own it.

@Woahthehorsey no I don't have any idea of how fortunate you be to own two properties. Due to selfish bastards who own multiple properties and make profit from them I will never be in a situation to own my own home!

You have no idea how fortunate you are! 😡

You are seriously projecting there OP.

Woah’s tenants won’t be paying for her mistake, or the cost of her DH and BIL’s relationship issues. They will not be bailing out anyone.

They will simply be paying their rent. They aren’t going to end up paying more than market rent, so what’s your problem?

And considering the poster you’re addressing only has this other property because of a bereavement it’s a bit insensitive to bang on about how fortunate she is.

How bizarre that you seem to think you own this area of the country and nobody else is allowed to move in it you're coming across terribly.

@SlashBeef

How bizarre that you seem to think you own this area of the country and nobody else is allowed to move in it you're coming across terribly.

I don't feel like I own the south west how ridiculous! But why should we be pleased with incomers moving down with the wonderful wfh jobs and forcing property prices up and up and up. 30% jump in 2 years. Nothing available to rent! Local people cannot afford to live here any longer. Why the hell should we be ok with that? 🤷🏻‍♀️

[quote Dobbysgotthesocks]@Woahthehorsey no I don't have any idea of how fortunate you be to own two properties. Due to selfish bastards who own multiple properties and make profit from them I will never be in a situation to own my own home!

You have no idea how fortunate you are! 😡[/quote]
I suggest you look up the thread I've started about the situation.

@Woahthehorsey I have and it doesn't change my view.
You are in the fortunate position to have a roof you own over your head. You have a level of security that I can only dream of and I will never be fortunate enough to have.

@Dobbysgotthesocks A landlord is not your mum, or a benevolent philanthropist. If you can't afford the new rent, you'll have to find somewhere else to live. They own the house, it is their house. If they've raised the rent above what someone is willing to pay for it, they'll then struggle to let it. That's their problem.

[quote WeddingFavour]@Dobbysgotthesocks A landlord is not your mum, or a benevolent philanthropist. If you can't afford the new rent, you'll have to find somewhere else to live. They own the house, it is their house. If they've raised the rent above what someone is willing to pay for it, they'll then struggle to let it. That's their problem.[/quote]
@WeddingFavour so could you afford a 23% increase in your mortgage overnight then????

You seriously think that a 23% hike in rent with 4 weeks notice is ok? Get real!!!

[quote Dobbysgotthesocks]@Woahthehorsey I have and it doesn't change my view.
You are in the fortunate position to have a roof you own over your head. You have a level of security that I can only dream of and I will never be fortunate enough to have. [/quote]
Clearly you didn't read it then. Because it's clear that roof is not secure. At all.

You seriously think that a 23% hike in rent with 4 weeks notice is ok? Get real!!!

You think I can afford a 23% drop in my income?

@Woahthehorsey you have two roofs! You are not going to loose them both 🙄

You are not loosing 23% income you have made a silly decision in not sorting things out properly with your BIL before you took on the mortgage. That's your fault regardless of how things have turned out.
You have two huge assets in your properties no matter which way you try to spin it you won't get any sympathy from me. Owning two properties simply shouldn't be allowed.

@Dobbysgotthesocks your anger is making you seriously irrational. Continuing to drip with that much jealousy and bitterness is not going to help.

If you really think you can fairly dismiss someone’s decision to put their SILs last few weeks alive ahead of finances as silly and something that is deserving of no sympathy or understanding then there’s really no reasoning with you.

If you are determined that all landlords are evil bastards, then you’ll never find a good one because it becomes a self fulfilling prophecy.

@Dobbysgotthesocks *@WeddingFavour so could you afford a 23% increase in your mortgage overnight then????

You seriously think that a 23% hike in rent with 4 weeks notice is ok? Get real!!!*

Well yes actually, but I'm aware not everyone is in the same position as me. I had to sign T&Cs when I remortgaged to say I was aware that if interest rates rise then after the fixed-rate ends I'd have to pay more per month. It's a lot more than 23% btw, I think if the interest rate increases 10% my monthly repayments would go up by more than 100%.

I feel for you (although the ruder you get, the less my sympathy stretches) but ultimately the landlord provides a service and you pay for it. If you no longer wish them to provide you that service at the price they charge, you need to make other arrangements.

Ffs!!! I work fucking hard every flipping day. I've worked 7 days a week from the start of the pandemic till recently when I became to ill to do so. I provide decent quality care for people at a AFFORDABLE and REASONABLE price.
For me this means putting my prices up for my clients. Clients who are already making choices about how much to heat their homes and how much they eat. Putting my prices up is only going to make it harder for them - the most vulnerable! And what for? To line the pockets of my landlord who can't be asked to put the basics like central heating in the house or send workmen round to deal with the broken loo.
Am I angry? To right I am.