To think that Landlords have a bad name.

[Arewe29]

NC for this.

Is it just me or are all landlords frowned upon a MN.

We own and rent out 3 properties all our properties are rented out to young families, just under market rate, we allow them to decorate their homes how they like, and if there is any issues or problems they just call us and we sort it out ASAP.

I know that there is some terrible landlords out there, that should be dealt with but there are thousands of other that are decent that follow all the laws and their tenants are very happy.

@Arewe29 No, just landlords

In fact if all landlords sold all their properties it would flood the market and lower the cost of housing. Those renters would then have the opportunity to buy and won't be priced out

Cannot be bothered to argue but in the perfect world LLs wouldn’t exist and everyone with a reasonable income could afford to buy.
My daughter does actually have a lovely LL and when she first rented she was a single Mum . Luckily the LL was at the flat when she viewed and despite having 26 other viewings from couples/ professionals the LL really liked my daughter and trusted her . She sent flowers when daughter moved in ,allowed toddler grandchild to choose paint colour for her room and has been brilliant.Cannot fault her. Daughter has now finished her MA ,living in a glorious flat and is now a SW for child protection.

No but they have (or did) a secure tenancy.

And the rent is often lower.

THOUGH, just as some LL have slums and some don’t, not all council homes are in good repair.

@Arewe29

Also please show me where a house that costs 35k 25 years ago is now on sale for 300K, I will go and buy there tomorrow.

I took this example directly from my mother's house that she has sold, hence why I know the exact price she paid.

Why are you renting, this is genuine question, someone with your views and stance should not be renting and line the pockets of a greedy landlord.

Are you actually serious. I've just written I think it was three paragraphs explaining this to you.

It would not flood the market, do not be so silly in fact only 25% of all homes are rented ad about 15% of those are social housing.

To lower the housing market all home owners would have to agree to sell their homes at a lower price, which is not going happen you know what happens when there is negative equity.

Also who will house all the renters when the LLs put up their homes for sale.

There has be some bat shit comments on this thread but this is up there as one of the best.

@Arewe29 that doesn't make what you're doing morally right

Council housing will always been needed as a catch net for those people that really can't afford anything. Fewer council houses would be needed if the majority of people could have the option to buy their own home.

You're not providing a service to anyone, as much as you like to think so. You're just contributing to a larger problem and at the end of all this you will sell those properties when the mortgage is cleared, for more than you ( didn't) pay for it.

Houses shouldn't be investments

Most will have paid their own mortgage too.

No you have made three paragraphs about the issue with private LLs, why are you renting why have you not bought a house, why did you not stay with your Mum and saved up for your own home, if you cant stand private LLs

I know of no house that has increased by that amount unless she purchased a council house. Let me know what town and I will relocate there.

But who will own and maintain the properties because they’re not coming forward? Councils? Take it up with them

The deposit I paid for, and you do know that most BTL are interest only, so that you will still have the loan to pay off.

You do know how investments work.

You are starting to show your true colours

Wrong. How silly.

"As of 2022, 35.7 percent of the population rented, with the majority renting from a private landlord. Approximately 16.6 percent of the population were social renters and rented from housing association or a local authority."

https://www.statista.com/statistics/544709/tenants-among-population-uk/

@Arewe29

Yep i understand. Like I said, housing shouldn't be an investment

On average renters pay you 32% of their salary to warm your nest egg

Owners pay on average 18% of their salary to own they own egg

Houses should not be investments, tell that to the 75% of owner occupiers.

If you dont think homes should be an investment then go back to the baby boomers, they are the ones that have made the housing market like it is today

With a deposit so that means they pay less, also you have to have a mean income with stats like that. The 18% would include those that have paid off their mortgage.

What on earth are you talking about?

I said that the properties could still be housing families even if she did not own them.

Are you saying that families only live in houses if a landlord owns them?

Do you live in a house?

@Arewe29 the problem is you ignored @fiddleleaffig in the opening lines of your thread.
You have removed (bought) properties from the market, which you don't need to live in. You view property as an investment to make money, or accrue wealth. If NO-ONE ever bought more than they needed, there would be more to go round - you know -for people who need to live in those houses. Prices would therefore be lower, and people could afford to buy them. GCSE economics.
Capitalism as it is now is hard to justify and I am tired so am not going to bore you with the links to clever people who can explain this to you but seriously, get a grip.

What do you mean by show my true colours? What points did you think I was making?

It’s a fact right?

Like most home owners I pay my own mortgage out of MY salary and MY investments.

As you said earlier, a LL will often rent the house for mort + extra for maintenance.

What’s not true?

Literal primary school economics

@Arewe29 I'm not sure why you started this post. I think it was to see if landlords have a bad name?

There isn't a single post from you or other landlords that have convinced me otherwise

I'm sure you're not a bad person but you are contributing to a problem and I think you know that.

You can blame the boomers if you like, if it makes you feel better

I will never agree that housing should be profitable to landlords.

I had to leave home at 17, are the ban renting brigade expecting people like me to be homeless until they can buy a property? I rented for just over ten years, sometimes bedsits, sometimes with friends, all my landlords have been fine, properties safe, clean etc. When I had issues they were usually resolved quickly, where they weren’t I was given the choice of a hotel or a big rent reduction when the flat flooded due to a leak and needed drying out etc.

We have a flat we own in the UK, we only left the UK in august and we chose not to sell it so we have somewhere to live if we do return to the UK, as guess what, we wouldn’t be able to buy a property to move into on the day we land if we do return, so if we sold it we would need to rent somewhere until a sale was finalised, which under the proposals of a lot of people would be banned, so returning to the UK would mean being homeless. We’ve gone down airbnb route, it works better for us, but it also means we could have the property furnished, rather than throwing away beds etc that we couldn’t take with us. We don’t break even, but thats fine.

The UK needs better legislation regarding rental properties, and it actually needs to be enforced.

A ll can issue a s21 providing its effective date is outside of the fixed term. The T doesn't have to leave. Only a court or the tenant can end a tenancy. The landlord can't.

I answered the comment you made re your mortgage lender. I'm not repeating it! But yes, if you breach other terms of the mortgage they can apply to court to repossess. It happens, there are a lot of obligations in your mortgage contract. Have a read of it!

Yes the council frequently end licences with less notice than 8 weeks where an application for homelessness has been made, interim accommodation provided and the applicant is found to not have a duty owed to them.

Secure (council) or Assured (housing associations) are different. They are non profit making and the laws are different. They rarely use mandatory grounds in their applications (unless temporary accommodation under the Housing Act) because government policy has been, with previous administrations, that secure housing is essential for people's wellbeing so they use non mandatory grounds and let the judge decide. In fact I've represented in many of those cases and judges are very much on the side of the tenant once full facts are known, providing they will be able to meet the weekly rent and pay back the arrears in a reasonable period. If it's ASB grounds it's even more difficult to gain possession as mh issues tend to be prevalent and with the Equality Act it's tough to get rid of tenants who can make neighbours lives utterly miserable.

I agree ASTs are less than ideal and having a safe home, heating and eating shouldnt be negotiable, but I'm not sure there's any quick fix. A coherent forward thinking housing policy would be a start. There has to be some sort of massive home building project. I think it could be a case of be careful what you wish for though. There are companies, and one in particular, which has moved into the rental market in the uk, and they were operating in Denmark where they were pretty awful.

@Crystallizedring For most people, the only way to avoid paying a landlord’s mortgage while saving for a deposit is to live at home with family.

I'm not against LLs. We have one property which we rent out but only because we bought it to help out a family member who has bought their own place now. But I do think there should be a strict limit to the number of properties a person can buy to let.

So you do not agree that anyone should profit from housing.

Landlords buy property that someone else sells at a profit.