Lots of Landlords are selling up!!

[PassingStranger]

Where is everyone going to live who can't afford to buy?

Alot of landlords are selling. Can't be bothered with all the hassle now.
People aren't paying rent and also trashing houses when they do and costing the owners lots of money to put things right.
On TikTok people are being told to trash houses. [Society gone downhill]

I know there are good tenants, but there are alot of bad ones. Family member works for estate agent and says there are more bad tenants than landlords.

You can trash a house and walk away. Nobody ever gets done for criminal damage on private rents.
There is no register of bad tenants legally allowed either. It's all left to the landlord to sort out at their expense.

Where is all the housing going to come from?
The government donthave enough.
People who are trashing houses and not paying rent are actually spoiling it for everyone..
Alot of lls are selling up now.

@Stirabout
Why would anyone possibly have a chip, when you're all providing such a needed and highly quality service?

Maybe they’d love to do that too
Thats what chips mean

personally the only chips I occasionally like are these

Read my post again. You don’t get it yet.

Actually, that doesn’t make any sense at all, so I don’t get it

I'm so confused. Do all the tenants want to rent and appreciate the property you provide, or are they resentful haters? Which one?

This is stretching it
Read my posts and the poster I was responding to.

Your comments don’t relate to anything I have said
RTT

You came up with a terrible analogy and I made it better. Hth

I don't hate ALL landlords

I have been at a really lovely family event and may have had a sherbet.

I neither like - nor believe - the tenants trashing the house nonsense. But, also:

No one is forcing anyone to be a landlord.

If you don't want to be a landlord.

Just don't be a landlord.

Owning more than one house is a privilege that most people will never experience.

Moaning about it as if it's a hardship is soooooo distasteful.

The cost of living currently is terrifying.

Even for people on good salaries.

You're looking towards people who are struggling themselves to pay a mortgage on a second home.

If you weren't struggling, you wouldn't have a mortgage.

You've borrowed more than you can pay back.

But your level of struggle currently is probably a lot less than it is for people who can't put clothes on backs, food in mouths or roofs over heads.

Do you ever feel empathy?

I am sorry.

It's not personal.

I've had a couple tonight - with friends - in memory of a good friend who died suddenly last year.

He was an extremely kind person.

If people could be more like him each day, life would be better.

You need to pay more in tax and it makes letting no longer cost effective?

There's no need to pretend it's the tenants fault.

You just can't pay two mortgages anymore.

That's all.

Which local authority?

All council tenants are on drugs and operating crack dens so it's entirely plausible

I'm sure you and your friend are in the top 2% of your career and your kids got 9, 9 , 9* on all of their exams ever.

Party round at yours, yours, yours, yours, yours, yours tomorrow at midnight.

Can you remove the annoying tenants from their home while you lecturer me in bullshit tediously?

I'm really excited about this!

#notND

The houses aren’t going anywhere, they’ll just have different owners. It was in a news a while ago that banks were looking into property management and could become large scale LLs.

Well. They're mostly owned by mortgage providers. As opposed to people with large mortgages who rent to people and slag off tenants here. All mortgage providers would need to do is put in a clause to prevent subletting in mortgages and that will be that.

The world has changed dramatically in terms of lending.

They will go to business landlords who have multiple house and can absorb the extra work. The more houses you have, the more profit so less faff to do the extra paperwork that's going to be needed. It's not just about getting rid of slum landlords. It's getting every btl up to energy efficiency of D? Doing tax via a app. Submitting all your checks to a central DB on time.

These won't automatically become available to owners. A foreign owner was buying up houses in my mums road to turn into bedsits. Makes it impossible to buy a house in my home town as no one can outbid the investors.

The council houses that end up getting knocked down are those big rabbit hutch blocks of flats that were built very cheaply in the 60s and 70s.
One noisy neighbour would be hell for the whole block the noise would travel up and down the lift shafts.

Also very difficult for the police to police. People disappear into a building.
Which way did they go? Up stairs, through the back, which floor did they exit the stairs on, did they go left or right.

The stuff that was built earlier was decent quality and mainly sold off.
Very little has been built since the 80s. In Scotland anyway stuff that has been built is Housing Association which couldn't be sold off.

I'm a LL and of the last three properties I've put up for rent 2 EA put them on to RM and within 2 days they'd had about 30 enquiries and had to stop taking viewings. Of the tenants who applied tbh most of them sounded fine. I wouldn't have minded any of them but it's always so hard to choose 1 and the last house didn't even get on to the market. The tenants I rented to for 5 years were ready to buy their first home and asked us if we'd consider their friends for the house. They moved in February. I'd rather charge a bit less and have tenants I like and can trust in my houses. Most of my tenants stay for 5-10 years. I do know many other LL's and one recently sold 14 houses over 2 years. He said he knew his Victorian terrace houses would not reach EPC C and he wasn't prepared to spend about £13k because they are single skinned and would need an internal wall build to reach the C standard. I've got 3 out of my 11 which are the same so I'll be selling those in 2007. I've got families in them including 8 DC and I feel dreadful about that as all 3 bedroom terraced but spending £13k on each house so a tenant can save £137 per year does not make financial sense. Blame Red Ed for that. He will be the reason a lot of LL's sell up. I have thought about selling half just because I'm getting older and I deal with tenants myself, I don't have an agent. I do know 1 LL who had to evict a tenant who was 3-4 months behind on rent and he left one day after getting a section 21. He left upstairs bath tap running on purpose with plug in. It caused a huge amount of damage and as a result he decided to sell all 8 of his houses even though some of the tenants had been with him for years. The thing is we need a system that is balanced and does not favour either tenant or LL. RRB is allowing a tenant already 3 months behind with rent yet another month before a LL can get a section 8. I don't think that's fair. Then by the time a court order can be issued and an order to vacate awarded 8 months has gone by. Tenants like this are the reason a lot of LL's have had enough. In 20 years of being a LL I've only had 2 really bad tenants and 1 who never seemed to clean and it caused the house to really smell but luckily she decided to move in with her partner so I got it back. I don't mind giving an additional months notice, I only ever increase rent on anniversary of moving in date anyway and always give 3 months notice to tenant giving them time to agree new tenancy or vacate. I've never had to use a section 21 or a section 8 but I do admit it was a nice insurance just in case the tenant turned out to be a tenant from hell. I've always given a 1 year contract and renewed each year provided up to date with rent and not caused any real issues for neighbours. 1 tenant has been with me for 13 years now. I've always dealt with any repairs and maintenance quickly because I employ a maintenance person who paints outside of houses, replaced kitchens, bathrooms when necessary, paints and decorated for me in between tenants and will do odd jobs like put up new fence or fix a tile fallen off of the roof. He's put in some nice decking too on a couple of my houses. I do agree it will be almost impossible for people without a guarantor to get rentals in the future once RRB is in law.

EPC C, not D will be needed from 2028. That's why so many LZl's are selling up. It cost about £13-15k per house to get from D to C if a Victorian terrace with single skin exterior walls. Government have said they will cap expense for LL at £15k per house.

Oh do forgive me when I am unable to shed a tear for a poor person unable to pay the mortgage on his buy to let property due to the cost of living. House prices have been ridiculously inflated by a lack of building social housing. Just because a landlord over extended thinking he was going to make profit on a basic human right, just means he was a poor businessman.

Landlords always think their properties which they’ve owned for 10 years are worth sooo much money and then they get a shock when they try to sell cos it’s not paying mega bucks in rent anymore and their 2 bed wimpy home with its tired crap kitchen and bathroom and untended patio and garden and walls with 10 coats of mahnoglia paint is not getting any interest on rightmove then it goes to auction against some OAPs house which hasn’t been touched in 50 years and they wonder why it doesn’t sell 😂

It’s a buyers market, and the buyers don’t want your 10 years of rental market debris. Meanwhile rental demand is also going down strangely enough,

it’s starting to look like a crash

Seriously leave your 6th form politics at school where it belongs. Why is it the responsibility of private individuals to provide people with homes? Maybe they’re selling as they have one rental property and they’re scared of all their assets being tied up when they lose the right to sell their own property if need be.

And if enough of the 'poor dears' put their properties on the market, hopefully the ridiculous values of houses will start to drop to sensible levels.

You do know that these houses you and your LL mates sell don’t disappear or get demolished, they get bought buy families who were previously renting or living with parent or maybe even god forbid a professional landlord who will upgrade the property to a proper living state?

My houses are all in good living state and I'd live on any of them myself. I've never rented out a house I wouldn't live in myself. Yes, the houses will still exist but they might leave the PRS which some families rely on.

My son's landlord is a crook and I am reporting him to trading standards and the council when they open on Monday.

Ah well now I'm really curious!. Please tell us your post A-level views on the philosophy and ethics of housing rights. What do you think of Rawlsianism? You sound like you might be more of a fan of Hobbes! Or maybe you're just a bit of a Kant?

You’ve got your 6th politics the wrong way round.

noone thinks private landlords “should” be providing housing out of the generosity of their hearts - it’s a Tory scam from the thatcher days -the rich make money from housing benefit

landlords have been pocketing the housing benefit from tenants due to lack of social housing for the past 40 years thanks to thatchers right to buy

Having previously worked for an agency , I don’t think tenants trashing houses is the reason . Most tenants are good , I would I say a lot more good tenants than landlords . I think landlords used to be able to get away with a lot more than now and they don’t like that .
Tenants expect houses to be in good condition , they know their rights better and landlords who don’t like this often go for tenants who probably wont bother with everything but will also not take care of their properties .
I also think peoples prespectives is different. I often see landlords upset carpets need to be changed every 5 years or houses are left needing to be repainted or scuffed doors etc , they claim tenants ruin properties but most will easily not touch up walls or change floors for over a decade and still expect houses to be in the exact same condition they where 10 years before .

Off course there is plenty of good landlords too and plenty of good tenants , they just don’t make the headlines