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? 😭

@ToInfinityAgain

Why are you derailing ops thread?

She needs some guidance about her situation, not someone with a total lack of self awareness banging on about the flat they rent to an entirely different tenant group.

May I ask, how come you are claiming to be too upset to work, but you aren’t too upset to make stupid posts on here?

Time to get back to work, and start saving for a deposit.

I am not massively keen on landlords and the fact that they get other people to pay their mortgages
This conception is becoming more and more inaccurate.

My tenants don't pay my mortgage. Rent is £1k. £400 or it goes to the gov via tax. £250 goes on interest. £350 goes in fees, insurance, repairs, replacement, etc ...

It's only the growth in equity that is of a benefit, not what the tenants pay. Hence why so many have and continue to sell.

I don’t actually agree with this.

I am a landlord and haven’t raised the rent for my tenants since they moved in about 8 years ago. Re-mortgaged just before all hell broke lose, so my mortgage payments haven’t increased on their property. They now pay well below current market value for a well maintained property.

I am not parasiting off my tenants. For a fair amount, they get a good roof over their heads with no need to worry about maintaince or upkeep costs. They pay me, I provide what they expect. I keep forgetting that on MN everyone thinks people should be housed for free unless they own their own property.

I’m not complaining about anything, so stop with your dishonesty.

Oh no, that’s not good is it

OP has gone and I’m responding to the points others made. If you don’t want to read, just scroll on past.

The governemnt has successfully deployed that technique Matt Hancock described of "pivoting" the conversation - in this case, from their abysmal failure to build enough housing or manage immigration properly, to painting landlords as the bad guys. This LL does sound like a dick, but the problem isn't that some people rent out houses, it's that houses are so insanely expensive that those tenants could never afford to buy the house if their landlord sold it. Property must decline in value, and the only reason it isn't is because the government is shoring up the interests of its older voters.

Conversely, the tennant expecting the landlords to burden the increased costs of home ownership could be deemed entitled.

Not all landlords are multi millionaire Porsche driving champagne swigging spivs.

Some are widows, with this as their onlyu source of income. Some are accidental landlords, through no fault of their own (deaths, divorce, probate)

Some are people with one property as their pension and no other pension provision in place.

Why should the widow not have enough money to live?

I own my own house outright thanks to a market that wasn't dominated by parasitical LLs back in the day and Labour's coming for ya - don't worry about that. It's a scandal that the laissez-faire market has allowed this scandalous situation to occur and the plight of the OP. Affordable housing should be a right not a privilege. I have a builder friend who has 7 btls in London and has done very well in the last 15 years but fully accepts that at some point they will come for him and he never says he's a landlord because he knows what that means to most folk.

@walkinginsunshinekat that's not necessarily true , it depends on the council , granted some large cities are massively oversubscribed but not all.

This is an orchestrated bunfight, isn't it?

Contact ur local mp, I know in Scotland there was going to be a price freeze on some rents going up, but I really don't know enough about it to tell u I'm sorry, but do some googling on rent freezes and maybe u might find some support u an get?

I’m not complaining about anything, so stop with your dishonesty

Your 2nd post was a whinge about how you ve lost your 2% yield-all done within a few posts on the first page and totally irrelevant to the OPs situation.

I linked her to the Gov.uk website on private rent increases, which shows she shouldn't have to pay any increases after only 2 months, advising her to seek advice CAB etc, similar by many other posters - since all you ve done is moan about your situation.

It was an explanation, there wasn’t even a hint of complaint in there, so stop being so silly.

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

OP i really feel for you.
I know im not you but if I were I would a) approach LL with counter offer they are likely expecting this then b) find some way to make that extra money.
ive been making around £3-4 a day on doing surveys (im ill and it keeps me occupied) its bit boring but easy money.
the make £10 a day thread has lots of ideas. good luck xxx

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

I don't mind people feeling upset and resentful of others when they genuinely know their circumstances, but the hatred for landlords is just based on stereotypical, outdated understanding of the business.

Once again, if it was such an easy way to make money, why aren't they more of them? Why is demand so significantly above supply?

Oh wait, because rent doesn't pay the mortgage any longer.

No - if he has a place and you can get him there every day he can stay just update school records with new contact information.

Though single mother i knew who moved then found child tickets and cheap fares weren't on buses before 9 am - so transport cost a lot more than expected.

It will affect next school application- ie secondary place as that's based on where you live at that time.

I'd contact shelter make sure they can do this rent increase this then try and negotiate with landlord - as it can be expensive business getting rid of tenants. You'll also need advice if you do have to leave as it may help with council places if you wait to be evicted.

MN hates landlords - but our work moved us around UK for years so even if we'd had the cash then we couldn't buy.

At least one of the landlords was renting for actual family member owner in care home and the monthly rent was covering care home costs - they weren't great from my view point as very reluctant to actually spend money on property or do anything. I personally preferred professional landlords ones who did treat it as a business rather than accidental ones who didn't really want the bother of actual maintenance.

I wouldn't discount getting in touch with local housing associations -my siblings each got lucky with housing association properties mainly as in their area there was a massive building program and there needs hit it at right time.

@ToInfinityAgain eh?

Correct, we have a rent freeze in Scotland at the moment. Proof that if they want to, government's can take action to prevent situations as unfair as the OP's.

My tenant got an extra sum from London council to make up the rent from what ub gave her. Perhaps you could try your council.

There was talk of that coming in here Wales but it's not been voted on or brought in yet - but it's not an obvious strategy as there are real concerns that number of rentals properties will further decrease as landlord sell up rather than risk incurring losses.

But the LL has invested in the property & taken the risk. It's not the ll's fault the tenant is unable to buy a house. Your friend chosen to marry her husband, not the LL. it's not the LL's fault the marital house wasn't sorted out quickly, nor that she didn't get a big enough settlement to buy a house Etc etc.

he had a property, he allowed her to live in it for an agreed price.

Why are you pissed at the LL, not your friend (for making bad choices) or her husband?

But at what cost?
Landlords will not absorb costs and fees for ever, there will be a point where they will issue intent to sell notifcations, tennant is made homeless, landlord loses 'income'.

Great you all say, then everyone can own a home. Believe it or not, not everyone wants to own a home, they may not want the finanical tie, the onus of house maintence etc

Government intervention in western society econonmic models never ends well.

That's a lot after such a short amount of time, definitely seek advice on that as other posters have said.

Not all landlords are rich, multi-property owning evil people that this thread would make it seem though. We rent from a family who outgrew the house so we're renting while theirs sat empty, they took us on knowing we were both self employed with awful credit ratings, had 3 big hairy dogs and kids (one at the time, but they were very happy for us when we had our 2nd). I found them on Facebook when asking about properties/areas and they reached out, we're friends on Facebook and my kids now go to the nursery & school theirs did before they moved. We exchange Christmas presents and chat on Facebook fairly regularly

We've been here almost 5 years and a year ago had our first rent increase of £50. I know both their rent and their mortgage has increased but so far they haven't passed on that cost to us, even though our rent doesn't quite cover the mortgage any more. Me and OH have been considering rounding our rent up £25pm to the next nearest 100 off our own back. Possibly mad but we like them and we don't want them to struggle or decide to sell (we wouldn't be able to find anything else with our budget and credit scores in the current market).

The only downside is slightly longer wait for repairs, but we don't make any fuss and we're happy to make do for a while. And on the upside they trust us enough to not feel the need to be looking around all the time, they've been in 2 or 3 times in all the time we've been here, and never gone looking around all the rooms, one was a pop round for a brew and another for them to fit a new oven. We can also decorate pretty much however we want, we have fairly similar tastes though which helps!