Landlords are hated but

[Parsley1234]

I am a landlord tenants been in situ for over 10 years very happily in a character Victorian terrace rent raises minimum I leave them alone get repairs done in a timely manner however from 2028 I will have to either sell holiday let or leave vacant the property as the modifications are untenable for me. Double glazing adding internal walls to make small rooms smaller etc. We are in a housing crisis this is going to make it worse and for all of you who want to have a go at landlords maybe look at the government housing policy first

I thought you didn’t need to make the improvements until there was a new tenancy? So as long as you make sure current tenants are on Rollo iif contract should be fine while they’re still there?

I assume that everyone who thinks you should sell bew
markwt value are all posting their leftover dinner to Africa?

it’s just such an unintelligent take.

@Itloggedmeoutagain this ? Have you thought about what you will do ? So many houses will be left empty of turned into holiday keys that help no one just awful

Actually for lots of us the house we rent is our only property. I rent mine out as my new job allowed me to rent a house from my employer, very close to my job. Making me both a tenant and a landlord.

because your excellent tennants will be able to afford to buy because landlords wont be buying all the properties to let, so the prices will go down

@SeasonFinale so?? If they want to bring the house up to standard that's their choice. They have the choice to do it. Tenants don't! Tenants can't do the work needed to being there house up to standard. Tenants have very few rights in this country.
There are so many unscrupulous landlords like the op who don't want to make the necessary upgrades and just want the profit. They want to live in nice homes themselves and expect their tenants to suffer as a result

Fortunately a lot of councils are going to make this much harder for you to do. Hopefully soon holiday let's will require planning permission for change of use and empty properties will be charged high council tax rates.

Yes, unfortunately, I think it'll be like a lot of things. Regulations brought in that will actually have a detrimental effect on many of those it's supposed to be helping 🤦🏻‍♀️

after many many years on MN I am well aware of how shit SOME landlords are AND some tennants. Black mould caused by a combination of things the LL & the T EACH DO/don't do.

of course modern houses should have double glazing & insulation, but certain housing stock WILL be lost to the rental market where it cannot be made to meet modern standards.

hopefully LL will be able to do what CAN be done & exempt from anything that can't be done. things like (bloody ugly) solar panels on modern houses, but not on Victorian terraces.

yennsnts if places like farm houses should be able to sign something to say they knowingly & willingly accept the houses as it us and want to continue living in their home.

landlords cannot do the impossible to certain buildings, tenants should not lose their homes, they're happy with, just to meet some idealised govt 'standard'.

I can see more housing just becoming derelict & who the hell does that benefit ?

@Dobbysgotthesocks who says I don’t want to do it even if I do it it won’t make the grade which part do you not understand ?
@averageavocado My tenants don’t want to buy they have adverse credit RTFT

@averageavocado the housing market isn’t that simple. House prices won’t go down in any noticeable way just because small landlords sell their properties. It just won’t happen.

@Eastangular2000 you know absolutely nothing about me or my situation so how can you make that judgment?
I know damn well what it involves thanks! As I think I have already said to you!!! 🙄

@Onandupw so true you might want it to be the case but it isn’t

This.

I don't blame you for wanting to make money and have a secure future. It is policy that has enabled you to do this and I blame that rather than the landlords, however your benefit has been at the expense of the younger generation and those who are less privileged. If you sell before the upcoming crash (see American and China housing market currently - it is just the start) its a win situation for you surely? Not so much for the person buying though, lets hope its a large investor 😝.

It might recover by 2028, but can you honestly not see a crash in the next six years? Check out the stats and charts and see what happened the last few times prices surged.

Punctuation is free.

No idea what you’re wittering on about, are you attempting some kind of correlation between you owning multiple properties and something to do with the government housing people?

I it won't make the grade if you refuse to put in double glazing 🙄

@Dobbysgotthesocks what we do know about you is that you are chippy and came on here to character assassinate me with no need atall. I posted on here is good faith you are derailing the thread please stop

I am an LL of a BTL mid-terrace Victorian house and I got mine up to band C with very little disruption by replacing windows and loft insulation. I replaced the roof a couple of years ago which also made a big difference and it's now solidly in Band B. This is better for LLs I think as we want tenants to be able to afford price increases in energy. If you are struggling with cost you've owned long enough to take money out of the mortgage for the work.

And it's not illegal to sell property under market value, but I believe the person you sell it to will have to pay Capital Gains on the difference as it's considered a financial gift.

Interested to know how people feel about my situation.

I am an 'accidental landlord'. I had to leave the property and area I had bought in for work reasons.

The area I bought in is MASSIVELY gentrified. The value of my house has increased by about 200k in the five years since I bought. I actually wanted to sell (I never wanted to be a landlord) but my sibling was at the time renting in a really awful area and all their friends were in the area I'd bought in, so we agreed to have them and their family move in. I charge them less than 50% of market rate. What I charge literally covers my mortgage. During COVID I got 6 months off rent and passed that on to them.

I don't know how I could be a more decent landlord? I could have sold but that would have left my sibling and his family renting for far more than I charge in a terrible place. And would have contributed to the gentrification of the area.

Sorry for the rant, but I do get tired of being accused of being an evil user landlord when I'm genuinely trying to do my best by everyone!

Do you make this suggestion to home owners when selling too? Home owners have been making massive profits for decades now and no-one has a pop at them.

And they can then watch these little holiday villages properly fail as there are bugger all jobs around fishing villages in cornwall and wales once you decimate the tourist industry. It is so shortsighted.

For those asking about the additional walls, many older houses don't have cavity walls, or if they do, aren't suitable for cavity wall insulation because of ventilation issues, so the requirement is to build an 'inner wall' a few inches inside the room so insulation can be put in between the original wall and the new wall. It's expensive and reduces the size of the room.

We had a Victorian townhouse that had an energy rating of about Z and it was going to cost tens of thousands to bring it up to even a D rating, so we sold up and now live in a modern, characterless but we'll insulated house.

I’m not a landlord but an economist. It’s an uncomfortable truth that making life harder for landlords (mainly through tax changes but this won’t help) is leading to more of them selling up and leaving the market. The lack of supply is sending rents through the roof. Be careful what you wish for.

Your situation is all over Mumsnet, you have no idea of the works required at the OPs property as she hasn't detailed them in full. Unless you were the EPC assessor who did the assessment for her property you have no idea if they are possible or not.

@Notlosinganyweight ok say I kick my tenants out who can’t buy and there’s nothing to rent due to no stock and their adverse credit. I sell at a discount then that person resells my btl at market value and there’s one less house to rent like what thatcher did with the council houses in the 80s ?

@Rapidtango thsnk you ! That’s what the EPC chap meant

Landlords need to remember that they are providing a service, not a favour. As greedy as they are, my utility companies don't expect me to be pathetically grateful for them meeting required government standards.