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.

To be fair, almost 1 million net immigrants in 2024 - and only 217,911 new homes built - isn't helping housing costs, regardless of how social housing is shared out.

LOTS of it are students in student accommodation. Most others start in sharedhouses. It's not like we each take a whole property

For most it's not about owning, but owning exactly where they want to. Now that comes with price tag

I wouldn't quite say "most", @Woollysocksandbeer, but it's certainly true that some react with horror if you suggest they start modestly to get on the housing ladder. Unfortunately they want what they want and they want it NOW, which isn't always realistic

I also get the point of those who maintain that benefits shouldn't be going to private landlords, though TBF it's got to go to someone if a tenant can't pay.
However even this is nuanced ... I mentioned the case of my own disabled DS, for whom Housing Benefit were paying more than twice the going rate to some corporation who took full advantage of the loophole by which they could charge more for special needs tenants while actually doing nothing

So I bought a property outright to rent to him, and Housing Benefit save about 65% of what they were paying, I get a modest return and my DS is very happy in his lovely home

Booooommm. Wins the thread.

Average household size in the UK is 2.4 people, although I appreciate that might not be reflected straight away in newly arrived immigrants, within 5-10 years they are likely to be similar to everyone else in the UK.

As a long-term trend, increasing the population by 5 people for every new home isn’t sustainable. And in the medium term it will increase house prices.

Who will take over the provision of this basic human right, do you think?

BOOM!

Nestle wegotallthewaterandnowhouses division🙈
And like with water hosuing will become a need not a right (with some price fixing under the table)

And what will happen when no one does?

BOOM!

Right..

You've overlooked the number of immigrants, legal and illegal, coming into the UK who have to be housed. That's why demand stays high. You have outlined with assumption that population stays static, it doesn't it goes up massively every year. That's why if many LL's sell up supply goes down and demand remains high, even though more houses on open market.

Between mid 2022- mid 2023 an additional 683,000 people are living in the UK. They all have to live somewhere. Each year the population in the UK goes up by roughly this amount.

Right?

Right what, precisely?

If you have something to say, please, let us hear it.

Corporations and banks are buying up rental properties

https://www.ukpropertyaccountants.co.uk/corporate-landlords-overtaking-private-buy-to-let-owners/

https://www.reallymoving.com/blog/october-2021/what-does-banks-buying-properties-to-rent-out-mean-for-first-time-buyers

Now imagine being just a number to a helpline for your housing or being able to chat directly to your actual landlord.,

Society has also changed radically, around 10% of housing and a single occupant in the early 1970’s it’s now at around 30%. In my friendship group with divorces and people being single of which some are by choice and most are not around 25% live alone. All in our fifties they all have 3 bed homes.

Valid points - I referred to demographic changes earlier.

People increasingly electing (or being compelled) to remain single - choosing not to have children. An ageing population. Net immigration.

And on it goes.

If a tenant reported Japanese Knotwood in a property the LL would get an expert in to investigate them treat if it was found.

You are so naive. A LL would simply get an expert report about alleged JK. If it was found not to be an issue the tenant would just look like a liar

Oh it's definitely there. I have to burn the clippings every summer.

The Office for National Statistics has recently released a new study, stated on GB news that in some London boroughs more than 3/4 of social housing is occupied by people not born in UK. E.g. Brent has 61 percent occupation by immigrants. Outside of London it's 19.2 percent. I think thi might be the data that a previous poster was refering to.

Several large pension funds have built 5 huge blocks near us, also several canadian pension funds have just built 3 tower blocks in east london. all for rent.

I’m an accidental landlord as I had a property before I met my husband and I rented it out rather than sell it. I treat my tenant well and appreciate its their home not just my financial investment. I’ve had the same tenant in for 3 years now. I got references before I rented and she’s fab - I’m lucky and make sure that the rent is low and any repairs are dealt with promptly, so she’s stays with us …until she needs to move for another reason or to move into her own place.
My brother still rents in Manchester and had a terrible time finding somewhere to rent recently. There’s too many going for the same property. If tenants are desperate they will take anything and this plays into the hands of unscrupulous landlords.

I wish we had more affordable housing available for those people who don’t want to or can’t buy (at least yet) …but I think lack of council/housing authority building and right to buy has really restricted this.

We just sold 2 houses, aunt owned them to pay care home fees etc...lovely long term tenants paying well below market rent, they have had enough of the uk and gone back to romania....we split the sales over tax years to reduce the cgt...far too many regulations now and expensive licence scheme which took months to approve etc...meanwhile the labour leader of the council was prosecuted for having over 12 illegal flats and conversions for years....he said he wasnt aware of the rules yet introduced the licence scheme...!!

Is this a bad thing?
Surely it can work for the good of the people if the govt is prepared to properly regulate?
Ultimately for society to function properly, for people to work at jobs which need to be done etc, we need to be properly housed!

Banks don’t buy them up. They don’t want houses on their balance sheets. They only end up with them as a result of mortgage non-payment/default.

It's what you get after 46 years of right wing governments. The last 14 have screwed the country for a long long time.

You couldn't make it up.