Rent increase - fuck fuckity fuck!!!

[BlondeWaves]

Moved into my house 2.5 months ago and now having to move as had a letter from the landlord to say rent is going up by 150 a month. I KNOW I am being unreasonable but I am sat here sobbing because I've just settled here with my young child and the thought of having to go through all that upheaval again is so stressful. I can't afford the extra 150, I'm already stretched with the way everything has increased. This could happen again and again and I just hate our government and the way things are at the moment. I have no resentment towards my landlord as I know his mortgage has realistically gone up by more than 150 a month, but fuck, I'm so stressed. Don't even know what I want from this thread, maybe a handhold, maybe to be told I need to suck it up (weirdly I respond well to tough love) but I need something. Anyone there? 😭

Were renting, not we're renting 🤦

Nowhere have I suggested there should be fixed rents forever. Maybe you should read what is posted instead of jumping to conclusions.

What I am saying is that Landlords shouldn't be able to finance properties with short-term fixed rate mortgages.

Instead of fixing for 2-5 years then bumping rent up by 30+% at the end of each term, landlords should be fixing for 10+ years, forecasting different cost scenarios, and building in gradual rent increases or other contractual mechanisms to cover those expected costs over the term of the fix.

You are at risk of homelessness update your application x

What? The landlord's mortgage is the landlords mortgage not the tennants rent. If anything the landlord is expecting the OP to susbiside them! They set the rent too low not the OP.

Do you understand that all products and services have to be priced to cover the costs of providing them as a minimum, in any sector, to be sustainable? This is fairly basic.

OP, I'm so sorry. This is an awful situation at the moment for everyone and about to get much worse. Definitely best to speak to the landlord in person if possible and try to work out a compromise.

Will your financial situation improve as your child gets older? It may be easier for them to be flexible if it's a temporary issue.

To be clear to the slow of learning / poor renters, explaining why costs have gone up is not complaining that they have

Fortunately i'm neither, i paid off my mortgage long ago.

I just don't believe in the privatisation of Council Housing & the exploitation of the poorest, its also self defeating when you cannot find a teacher or carer in your area.

This country worked a lot better when the less well off could get a decent home, with an affordable rent, those that could or wanted too, would save and move to their own house - we'd be better off with a return to this model, making improvements to how it was done in the past i.e no return to the huge council estates of the past, which could turn into ghettos.

It also gives Govt/Councils an asset which in some circumstances can be sold, to build new stock for very little - we need a mix.

hi, I know it’s difficult not to panic but try not to. To help you please can you confirm if you have a standard AST tenancy agreement ? Landlords are not able to just put up the rent when they feel like it.

I agree. I've never been a landlord so no vested interest, but the decisions to hammer landlords - particularly with tax on revenue not profits when no other businesses pay on that basis (for obvious reasons!!) was always going to end in a disastrous situation for tenants. Then the additional hammering on mortgage rates spiking due to Government mismanagement of the economy. And the EPC debacle.

People should be angry, but it's the Government they should be angry with.

Is this for your home or are you a landlord? Being a landlord is a luxury, if they can’t afford the extra then how do they expect their tenants to? Private landlords are the scourge of the earth, they’ve contributed hugely in people feeling insecure in their homes.

But ultimately, you are in an immoral business, you want the poorer in society to pay for your house or in your case houses?

All businesses function by people investing capital to make profit. Do you think supermarkets are immoral? Farmers? Car manufacturers? Those evil coffee shops that charge you much more than it costs you to make coffee and cake at home? What an absurd comment.

Or do you want everything to be state run i.e. communism? Like that was a really fair and moral system.

BlackcurrentSorbet
*I agree. I've never been a landlord so no vested interest, but the decisions to hammer landlords - particularly with tax on revenue not profits when no other businesses pay on that basis (for obvious reasons!!) was always going to end in a disastrous situation for tenants. Then the additional hammering on mortgage rates spiking due to Government mismanagement of the economy. And the EPC debacle.

People should be angry, but it's the Government they should be angry with.*

Thank you, finally someone understands the bigger issue !

Landlords often are hardworking small business persons; no need to vilify them.

OP, if you're reading: is there anything you can do outside work hours to raise an extra 50 a week? Childminding, pet sitting?

Benefit officer here op x

if you are receiving housing costs through uc your local council maybe able to assist you with a discretionary housing payment to top up the rent. These are supposed to be short term solutions while you look for cheaper accommodation although the reality is cheaper accommodation is unlikely to be available so the number of people needing help is growing.

for a discretionary housing payment the council will look at your income and expenditure. Award is normally 3/6/12 months that will give you some breathing space to bid on other properties.

please also bear in mind that if you do find other accommodation dhp can also help with removal costs, deposits and rent in advance

if you have any questions feel free to ask

“Private landlords are the scourge of the earth, they’ve contributed hugely in people feeling insecure in their homes”

yes @BellePeppa exactly!!

That's really useful info, for lots of people on MN.

I’m thinking now of the years that I rented in London, and how happy I was to rent.

I’d left my house in the commuter belt empty when I was asked to work overseas for a year, and got so used to city-centre living that I didn’t want to move back to it.

I rented two absolutely lovely houses in town over the next few years, and had no interest in buying either of them. I then rented a flat in the building that I eventually bought in, letting me make sure that it was somewhere that I’d be happy.

Even from that side of the tenant / landlord relationship I’d not have wanted a ban on private landlords.

What some are insisting is destabilizing uncertainty was to me a real sense of freedom. If I wanted to move it was very easy.

No thanks. Also when I rented in twenties I didn’t need social housing just a private rent. And supply was required to meet demand, which was fairly high already.

At that point the LL is in the crosshairs - ban no-fault evictions with the distressed landlord having to sell to the LA at below market value as the only buyer. Take it or leave it. It would be a ratchet shift of focus from private landlords to social housing. Could even see the tenant being given a pathway to ownership of only one though, of rent into equity. Also, the advantage if housing benefits are involved they are recycled back into the stock instead of enriching private hands.

In the same way that Thatcher allowed council houses to be sold and cemented in a huge vote winner for them, this could be Labour's similar moment of turning private rented housing into social housing / homeownership.

Landlord has increased the rent here by £300 a month and I have no choice as can’t find anywhere else. I’ve been here 3 months. It really sucks I know.

Upthebracket22 · Today 13:48

“Private landlords are the scourge of the earth, they’ve contributed hugely in people feeling insecure in their homes”

yes @BellePeppa exactly!!

Ok Up lets ban all private LL today we all have to sell up, within say a year, how do you see that working out two or three or 10 years down the line?

I would be intrigued to find out...

my cunning plan above....

Being a landlord could be someone's career, I don't therefore view it as a luxury. My point of view is that life is becoming a lot more expensive for all of us whether that be rent, mortgages, energy bills, food. If this is someone's source of income then they need to keep earning that income. BlackcurrantSorbet's posts are good if you need further info on this.
No I am not a landlord for what it is worth, I was simply demonstrating a landlord's mortgage could well be increasing by more than my £500 increase and therefore a £150 rent rise is nothing compared to mortgage increases that lots are about to witness.

Vera.

Please explain how your cunning plan to get rid of all private LL works financially and practically to provide good quality affordable housing and who pays for it...

This is why I hate private landlords. I’m sure there are some lovely ones out there but a lot take the piss out of vulnerable and desperate people. It’s disgraceful. I don’t know how they sleep at night knowing how they make their living!

I'm sorry for you OP - you've been given good advice on this thread re: who might be able to help you.

Yet again, I wonder why people are repeatedly voting Tory? We need to start a radical programme of social housing building akin to the post war era - build our way out of this recession but alas our current bandit government have little interest in anything that isn't a self serving policy.

This is partly why I hate some landlords. I own a 4 bed detached property in the midlands and I pay £550 a month.

Yes it depends on where you live but I bet you that the landlord was overcharging you originally and adding an additional £150 so that you can cover his own bills like his electricity bill or something.

I bet the £850 you started at were more than adequate for their mortgage and they are just taking advantage of the month by month rent to increase it by far too much. It is highway robbery. They are taking advantage.

You can discuss with them. When my last landlord tried a sharp rent increase, I fought back and got him to meet me in the middle.

Sorry you are in this situation and being taken advantage of.