to think the new rules on no fault eviction - means people won't want to be landlords?

[DragonMama3]

What do you think?

Exactly this.
I lost my home of almost 9 years this year, just like that.
Because my landlord cottoned on that he could make more on it as a student property.
Myself and my children were suddenly homeless.

We've found somewhere else eventually, but it's turned our lives upside down.
Miles away from family, uprooted kids to different schools.

It's ridiculous that landlords have that sort of power over people's lives.
I won't write on here what I want to happen to my scumbag of an ex landlord, or my comment will disappear.

I’m no financial wizard but surely it applies to housing very obviously.

Cry little money to be made nowadays compared with putting the money in a savings account and plenty of risk - lots of landlords are now barely breaking even

I think the decent landlords will be the ones who can't afford to continue- the ones who pass all post increases onto tenants and don't do upkeep will be fine

No it will be the opposite. When I moved in with my then bf I rented my home out as didn't want to leave myself without a safety net. I've always charged below market rent and rented to same single mum with 2 boys.
I've never ripped her off and made a small profit some months and a loss others when she needed a new washing machine. She's never waited for repairs and I've tried to be fair and kind.

I can't afford to continue when current deal is up and will be selling. I've given 14 months notice of my intent.

People charging a fortune and not doing any repairs will be able to continue. And big businesses. I won't and she'll need to find some where that costs more. Wait list for council round here is 8 years

In laymans terms, build slowly so prices do not fall.

Or people will let flats sit empty. I've let my flat sit empty for a few months while I have a newborn and stay with family as I couldn't bear the hassle of being a landlord

@drowninginsick you sound lovely (your username doesn't though!) 😄

Why would prices fall if you built quickly?

People selling up means that the house will become either owned by someone who will live there (and presumably free another property where they lived before, maybe another rental) or owned by a professional landlord, who offers more stability.

YABU, nothing wrong with improving and increasing regulation in area that is being abused and exploited.

It's a bit like complaining hygiene & safety regs prevent people going into brewing or baking.

The standards councils and housing associations are held to should be the same for private landlords.

Couldn't agree more. But as it stands now, private landlords have to comply with more - not fewer - regulations than councils and housing associations. At least some of these regulations are at least in part a way for the government to make private landlords' lives more difficult and create jobs which mainly benefit dodgy tradesmen.

If people aren't landlords there is even less housing

😄

Are no fault evictions finally being banned? I thought that was a can they kept kicking down the road. But good if they are (providing landlords can get rid of genuinely bad tenants without too much extra hassle). It's an awful thing to hold over people, either intentionally or otherwise.

And providing there is fair scope for actual 'fault' evictions/needing to sell up or move in, I don't see why good landlords should feel the need to exit the market simply because of the end of section 21. I'm not aware of all the landlords in Scotland selling up and house prices crashing when they did the same thing.

its not worth builders flooding the market as prices go down ... ergo less profits

Yes absolutely.

The (brilliant) tenant I had in my flat handed their notice in earlier in the year as they'd managed to save a deposit for their own property, I didn't ever want to evict them but was relieved they were ready to move out as with all of the changes coming in just wanted to sell and be rid of it. I only kept it on as I wanted to stay on the property ladder once I'd moved in with my then partner until we were ready to buy somewhere together, but had the tenant in for 8 years in the end just as things didn't go as planned! Tried to be a decent landlord- didn't raise rent once, things fixed quickly and where they couldn't be offered rent reduction or alternative accommodations such as a hotel, paid for decorating stuff (it wasn't tatty beforehand but they asked if they could decorated to be more their taste so I bought the materials) etc but it's too risky now.

Worked out fine for me as made £200l profit, I highly doubt anyone else will offer rent so far below market value in the area again which is a shame but there we go.

I get why private landlords exist. But people really need to stop tripping over themselves to say they're "providing a service." NO landlord is a landlord out of the goodness of their heart. They are in it to make money from people who can't afford to buy homes, plain and simple. I wish they would just admit that!

They should get a job like everyone else, instead of buying up housing to exploit people with later.

HTH.

Quite a few of the rented houses near me are being sold by the landlords.

It's great for people who are looking for a secure home, but not all tenants are. For short term rentals, it is likely to push prices significantly higher as landlords leave the market.

Is that not supply and demand?

ditto as it is national park

I'm so sorry that happened to you. They really are the absolute scum of the earth when they do this.

What are you going on about builders for? We're talking about existing houses here that were rented and are now being sold.

Hasn't it been a problem in some areas of Scotland? My friend's DD is at university in Glasgow and has found it incredibly hard to get accommodation.