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? 😭

Post reported. You have “quoted” me with something that I didn’t say.

if you have to lie to try to “win” then you are not worth engaging with again.

We all know how landlords operate. Parasiting off those less fortunate.

Run through this tenancy checker england.shelter.org.uk/housing_advice/downloads_and_tools/tenancy_rights_checker

Strongly suspect you have an ast, even if the landlord isn't calling it that. In which case you have 6 months protection as minimum, certain requirements re notice, need to have your deposit in a protection scheme etc. If the landlord hasn't done the latter then you can make a claim - may be useful leverage.

But please speak to shelter.

How is that working out for you north of the border? Huge shortage in rental properties, and rising rents!

If you can afford a flat (sorry apartment) in Canary Wharf you are hardly on your uppers so don't come here whinging. OK anyone who rents those flats isn't on their uppers either, but seriously.

They didn't quote you, they tagged you.

@ToInfinityAgain It’s the unbelievable entitlement of landlords on here that I cannot bear.

Tenants have been treated like cash cows for years.

This is in my building. It’s a small 1-bedroom. Ours is a large three-bedroom.

www.rightmove.co.uk/properties/128888015?utm_campaign=property-details&utm_content=lettings&utm_medium=sharing&utm_source=copytoclipboard#/&channel=RES_LET

So if the landlords mortgage goes up £200 and they pass some of it on slightly you think they shouldn’t?!?

batshit. Blame the bank and the government. Not the landlords!

I’m confused as your other thread just a couple of days ago said that you got on well with neighbours who moved out 2 months ago, you’d share wine in the evening etc. Did you only know them for 2 weeks before the neighbours who ask you not to have a bath at night moved in?

If you could find the £150 from somewhere, would your landlord agree to a two year rent freeze if you stay? Surely moving is going to
cost anyway plus will you find anywhere cheaper than this?

But I will just post it again because it’s absolutely true

mobile.twitter.com/JoshBerryComedy/status/1584187622221844480

But no landlords have suggested that they are entitled to anything. I and others have just explained the effect of mortgage rates on costs and the decisions that will be made as a result of it.

I really don't think we can accuse anyone of disgusting greed without knowing their full circumstances. They may be renting elsewhere and renting their only property out which happens much more than people realise and for various reasons. If mortgage providers can put mortgages up by 50% why should the landlord lose money renting to someone else. It may be that the landlords mortgage has increased by much more the £150 and they have passed on the smallest amount they can afford to. The other option they could have is to make the tenant homeless then increase the rent even more. Life is complex for lots of people and it is easy to forget this.

I think you might have some grounds to argue this as its so soon after making your agreement. Do you have a signed tenancy agreement? If not then there is still a default tenancy agreement that falls into place. If you're in ni ring housing rights and they'll be able to look into the legality of this for you and represent you for free. If not then I'd try shelter as other pps have suggested. This is super unethical on the part of your landlord. Don't panic just yet, make the calls and find out the exact lay of the land and what you're entitled to rights wise. Even if you do need to move you can contact your local ha to see if you'd be entitled to any support from them to stop you from becoming homeless while you look for somewhere more suitable if it comes to that. Try to do these things as soon as you can. If worst comes to worst I'd contact the landlord and explain this is a very recent tenancy and a huge rent increase which you can't afford. Ask if they will let you continue paying the current rent for x months while you actively look for somewhere else due to the crisis with the housing market at the moment and see if they'll work with you if it's temporary.

@dormouses it's a shame wee nippy didn't fix mortgage rates too. Where does she think landlords are going to get the extra money from? Perhaphs she's offering to pay the difference?

You think you're entitled to get your mortgage paid by tenants. They are subsidising your lifestyle.

Very entitled.

What’s true is that you are trying, again, to blame others for your own bad decisions.

No sympathy from me, I’m afraid. You’re older than me, and had the same opportunities as I did.

And I've said it before but we need to winkle the DIY BTL landlords out of the market. They own around 8 million properties. Time to put their feet to the fire.

Cap rents
Stop no-fault evictions
When distressed landlords are priced out then local councils can buy the property at below market value and turn the renter into social housing tenant.
Funded by government bonds raised on the capital markets which are attractive by dint of an underlying asset and an ongoing income stream - rent.

No I don’t, what a silly thing to claim. They are under no obligation whatsoever to pay my mortgage, they could quite easily buy the flat next door if they wanted and never rent again.

Op... the fact that your property has become unaffordable places you at risk of homelessness which means that you are very high if not highest priority for council housing now .
Provided you can prove that the rent increase is not affordable and that you have tried elsewhere then the council have a duty to house you .
Check the allocations policy for your council and give them a call

But LLs in general have made a fortune over the last few years, with large increases in property values, doesn't that come into the equation?

Because if LLs do not absorb (some of) the costs, then they'll be more evictions and less tenants = lower rents, esp if as is predicted, we go into a deep recession, it wont always be a bottomless pit.

Again, generally, more LLs sell, more properties on the market for genuine FTB's who can't compete with BTL LLs.

Then knock yourself out champ. Get lobbying if that’s your thing.

Or just whine on here. It’s your choice.

@ToInfinityAgain how do you know what opportunities I have had or not had.

But that isn’t the point- don’t come on here complaining about your rising costs when you are trying to money out of what is essentially a human right- shelter- because I have zero sympathy at all

Sell your buy to let portfolio to some first time buyers who need proper secure long term housing and not to financially shafted by unscrupulous landords

That wont be in a house, a BnB if they are lucky, with a kettle only.

Council waiting lists for houses are in the years.