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? 😭

I’m sorry op. It’s shit. From one renter to another. It’s shit. I’m sorry. More shit when you have kids to tell.
im Sorry. It’s no life for families.
my only suggestion is attempt to use it to get a secure council home. Get proper advice first though.

I always say it on these threads
its business to the landlord. Home to the tenant.

stable secure housing should not be a business for someone

My costs haven’t decreased since I’ve been renting it out, so no, I haven’t.

I probably will sell it; it’s in Docklands, and a lot of workers there are going to be in a very good position to buy in the spring.

Really sorry to hear this. We need a new government.

If I have an asset that is no longer productive then I have a choice to make; accept a loss but hope that it will increase in value to offset this, try to increase the rent, or sell.

Take a moment to compare that situation to the the OP's. Then perhaps you can see how you are coming across and why the word entitled springs to mind.

I kind of feel like there should be caps on how much rent landlords can charge. In a lot of cases we have people who are working full time but are also receiving benefits as housing costs are so high. These benefits go directly to pay off the mortgage of a small amount of people's multiple properties. It's ludicrous.

I do think your landlord has been harsh here simply because - if this increase is due to the mortgage term coming to an end then the landlord obviously knew this was going to happen and should have warned you before you took it on just two months prior. Probably why they chose a rolling contract instead of fixed. Quite sneaky IMO

It's really sad. We painted the walls beautifully and had his favourite marvel characters painted on the walls by an artist friend who was visiting from Australia. Didn't even think about the fact we'd have to move so soon. Its just unaffordable even with universal credit. Universal credit only cover a certain amount of housing and I'm up to the max. They can't give me any more. I feel like a mug.

Of course it should. Some people want to rent rather than buy, and there’s nothing wrong with someone else providing that service to them.

My tenants have always been more than able to buy a nice home if they’ve wanted to, but they didn’t want to, they wanted to rent. The previous family were only going to be in the UK for a couple of years, and the current one just likes the idea of not being tied down.

These people need private landlords to meet their needs, they’d never in a million years get a council house and they don’t want to.

@walkinginsunshinekat Ireland did the same. Sold off all social houses and there is no such thing as social housing rental, you have to apply to the system and get a landlord that will agree to take you. Yes there are some government faults but its a worldwide problem.
A quick google actually shows that Paris has taken over from Londen as the most expensive. Dublin is number 10 but population of Dublin is 1 million as apposed to the population of Londen which is apox 9 million.

You did say earlier your mortgage costs are up by 30k?

So presumably you ve far more than one property?

Zero sympathy, you are part of the problem, driven by greed and easy money, expecting the less well off/Tax payer to fund your life style, whilst you see asset prices soar.

BTL LLs have helped drive price rises, with FTB 's unable to compete with BTL LLs majority of whom are cash buyers, funding new purchases from previous rentals.

2/3rds of recent housing dev nr me have been bought by LLs, even though its still being built (140 houses) the To Let signs are up already.

You are being very patronizing now. You seem just to be upset at landlords and to have no interest in hearing why rents may need to increase.

Sorry if this has already been mentioned but you could get in touch with Shelter to see if they can help. I can't understand why a tenancy agreement hasn't been signed. Has your landlord protected your deposit correctly etc. I used to rent out flats and had to do everything by the book, I would be looking for advice before you give up your rental.

If I have to move out of area which is likely, will I now have to change my son's school choices if my address changes?

No, we have one flat that we went out in London.

I neither want nor need your sympathy, so that was a strange thing to write.

Are you renting yourself, or just offended on behalf of others?

I don't know where it came from that a tenancy agreement hasn't been signed. I have signed an agreement, for a monthly rolling contract.

I don’t think he can do this in your first year. See this article and get in touch with Shelter
england.shelter.org.uk/housing_advice/private_renting/rent_increases/periodic_tenancy

I hear you. Ours went up by 160 per month as of today.

In her defence, she hadn't raised it since 2018, but gradual raises would have been easier to deal with. DP's response when I forwarded the text is unprintable in polite society!

However, we've been here 7 years on yearly contracts, and when I looked around there was a) nothing available as per houses not flats, and b) it's still a bit below market value, so we signed.

During covid, he was out of work due to being in construction but due to a tax fuck up, about which many words were had, he was eligible for nothing, so I carried the ship . We were never late with rent.

It just seemed a lot in one go....

Any local housing associations you can approach too as well as the council?

What does your contract say? Does it mention rent increases at all? This site is also useful:

www.citizensadvice.org.uk/housing/renting-privately/during-your-tenancy/dealing-with-a-rent-increase/

I think you definitely have options, don't just accept it straight away. Do you know the average market rate where you are? Does it seem high in comparison?

They need well regulated and well run professional landlords, not any Tom, Dick, or Harry who can scrape together the deposit for a BTL mortgage.

At a minimum all rental properties should either be mortgage free or financed with long-term (10 years+) fixed rate mortgages.

A landlord's poor planning and financial decisions should not be the problem of a tenant and the sooner that type of landlord is weeded out the better.

They are inundated with people who are actually homeless though. Even in gold band the wait for a property is up to 2 years. Emergency housing tends to be run down and awful. I'd take it if I have to, just really sad for my son. He's had a lot of upheaval in his life. Abusive father who I left when he was a baby, had to live with my bloody parents for years. This is the first house we've had since I moved from our parents house. Just all felt really good and whilst I'm left with 0 at the end of the month, it's doable as it is.

This is just gonna get worse and worse and worse for renters and some people are rubbing their hands together with glee at the prospect of repossessions rising, where exactly do they think those people are gonna go to ? We will have family sleeping in their cars unless the government intervenes.

Sell the flat and then someone else can have a forever home.

Your mortgage cost has gone up 30k on one flat??? That doesn't sound very likely.