Landlords response to Labour proposal

[Stellaris22]

Surely it’s becoming increasingly difficult to defend landlords.

In response to proposals to make renting fairer and better for tenants landlords have responded with typical ‘we’ll increase rents’.

Yes there are good and bad tenants just as there are good and bad landlords. LLs need to stop the saviour attitude of thinking they’re helping people who can’t afford to buy. They can’t afford to buy because of their high rents!

Good to see Labour (hopefully) tackling the private rental sector.

The court system is going to be fucked.

Landlords don’t need to be defended. The ones that do things wrong don’t deserve defence and the ones who run their properties well deserve as much consideration as tenants.

Hmmmm governments have made it impossible to be a landlord now section 24 renter reform bill etc hence 28000 of landlords leaving the sector per month according to Hamptons. We have a massive crisis that isn’t going to be plugged by any government building enough houses so here we are. Landlord vilified and tenants desperate for places to rent out

@TinyYellow yep the reason RR was kicked into long grass by Gove was because of the inability of courts to cope. Now all gloves are off total morons anyone who thinks this lot are going to solve housing will be very disappointed

Well… the houses they sell will home people still.

The crisis is caused by a lack of available housing full stop, not because massively over-leveraged slum lords can no longer make their sums work in a higher interest rate environment.

@MidnightPatrol only if they can afford a mortgage most tenants choose to rent

The guy from the Residential Landlords Association seemed quite reasonable on Today this morning, although I was only half listening. Broadly agreeing with the proposals.

There are bad landlords and good landlords, and it's in the interests of the good landlords as well as the tenants to root out the bad ones.

It's not about landlords it's about housing. When will someone have the balls to stop tinkering and address it head on. Housing is too expensive and often below standard. Too much taxpayer money is paid to private landlords.

I'm not a fan of loads of social housing I think it's better for people to own and be responsible for their own homes.

We need house prices to become generally affordable, house prices should not be so far away from those working and earning. Personally I think we need a massive readjustment- not popular but it will benefit us all in the long run.

We need a more balanced approach to landlord and tenant. Too many people in both sides acting appallingly.

But there are robust restrictions around unfairly increasing rent. It’s not much of a threat.

Unfortunately if enough landlords sell it will crash the house prices in that sector, the landlord can probably take the hit. The wee couple who saved to buy theirs on a 90% mortgage probably can’t and now are stuck in negative equity.

whilst people run their hands in glee at the big bad landlord, spare a thought for the families this will affect.

I'm a landlord, had the same tenants for 20 years, rent is slightly below what it could be because I want them to stay.
So from my perspective the changes are welcome, I've seen landlords use section 21 for all sorts of daft reasons. We will still be able to get the property back if we want to move in / sell or Tennant doesn't pay rent - seems fair to me.

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Without them building enough homes to house all migrants that came this year (and the huge number of them in previous years) you will not make a jot of difference to renting.
And ask labour if they're building social housing or private housing in vast numbers on every green field.

Good quality affordable housing is needed by those working and not working.
There's less enthusiasm for working when your rent sucks most of your pay.
Once you retire or are out of work the stress becomes huge if that rent is unaffordable.

But s21 is a useful tool apart from it condes rights to the tenant to be housed by the local authority.
So actually labour ending s21 means you will get evicted and the council will not owe you anything.
It's not just the courts that can't cope.

I am fairly certain all other eviction routes will absolve councils of the need to help you.
Now think who labour is helping here.
Rents can still go up. Any landlord on below market rent would be mad to stay on low level rents.

Expect more HMO coming to a nice street near you. Landlords will seek to maximise money.

I used to be a homeless officer. I started out when private rents were protected tenancies. We saw very few people who were homeless as a result of being evicted from a private tenancy. As soon as assured shortholds were issued and the 6 months was up we saw huge numbers of families evicted under S21. What was really annoying was that the landlord would give some reason or other for wanting the property back, often saying they wished to sell or live in it themselves, and lo and behold, the property would be relet and the cycle would start again. Often the rent had increased. It was all about money.
Being a landlord is a job, a profession, and should be treated as such. I'm hoping that those wishing to be landlords understand that better. It's a long haul job and should not be undertaken on a whim.

I’m so sick of this LL bashing.

Prices for rent and housing generally are too high, I get it.

There are good LLs and a few bad ones which drag the rest of us down. I can’t believe that there are many new LLs entering the market atm.

However when LLs sell up, (and they are in their droves as per Hamptons report) their properties will indeed get purchased by FTBs or families.

That’s great.

But that’s one less rental on the market, which pushes up prices for those rentals that ARE on the market.

Until the Government start to build social housing themselves to mitigate the loss of housing through Thatchers Right to Buy and the levels of immigration that need accommodation…. Then we’re stuck.

(And just HOW MUCH is the Government paying into the private sector to house families? Probably a crazy amount)

YANBU. They don't do it to provide a service, they do it to avoid work. Absolute scroungers.

I have a tenant who is in a good job/profession but has a medical condition and no chance of insurance so cannot buy a house.
Another it was their first house together after divorces.
I resent the phrase 'Slum landlords'. Yes they exist partly because of bribery in Local Authorities who do not enforce existing laws. They should not be thought of as standard.

In response to proposals to make renting fairer and better for tenants landlords have responded with typical ‘we’ll increase rents’.

Really? All the UK landlords have got together and agreed their response? How, on their giant WhatsApp group?

But being in negative equity will only be a problem if they desoerately need to sell. Otherwise sit tight and wait for the market to recover. It happened to me in the 90s (on a 100% mortgage!). I still ended up with a property worth far more than I paid for it.

If a lot of crap landlords sell up and house prices fall, that is a good thing.

If a lot of crap landlords sell up and house prices fall, that is a good thing.

I thought this would happen around me a few years ago but foreign investors came in to take their places. London's exceptional though, maybe.

What insurance can they not get because of their medical condition and why does it mean they can't buy a house?

That is a good point. Needs to be something in place to prevent that.

I’m a new landlord and not worried. When it comes in I can only evict due to a good reason - well I would anyway. House is well maintained and rent will increase annually by as much as I am allowed to so there’s never a big jump (that’s not allowed)

My LL has already contacted me to tell me my rent is going up due to his 'costs' increasing.

Another increase or two and I won't be able to afford to live here and everywhere else in my area is already more than what I pay. Everything is being turned into HMO's and anything still family friendly (more than just a room) on the market is listed at ridiculous prices.

Well… the houses they sell will home people still.

Yes, people who want/can get a mortgage. Taking thousands of properties out of the rental market and nowhere near enough SH being built to replace it.

The price of lots of things have gone up due to increased costs. But only LL’s seem to be expected to suck it up and not increase rents to cover their costs. What do Labour think is going to happen? Answer: they don’t care so long as they are popular. LL’s supposedly should run their business (bc it IS a business like any other) in a deficit and do it from the good of their heart.

I don’t see anyone on here vilifying Tesco’s bc milk and bread have gone up by 50p 🤔

We are landlords and are ok with it. No intention to sell our properties which have long term tenants who pay under market rent. We don’t do property inspections, but if the tenants need repairs or upgrades they get them. We work on trust. One family are in a four bed. The kids grew up and moved out years ago and the parents sublet a room which is fine by us.

I think this will hit the accidental landlord hard. If I were moving abroad for a job and had a house I owned I wouldn’t rent it out now, as I wouldn’t be sure I’d be able to get it back when I came home.