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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Why are people so against private landlords?

302 replies

StopRainingNow · 27/07/2025 04:29

I don't get it (and I'm not a landlord), no one shouts at Tesco that it is disgusting that they make money off selling something (food) to people on UC, when people need food TO literallysurvive/ live. But if someone has a business renting houses to people who need them, they are the devil. It makes no sense to me.

To make it worse, Tesco are also making profits by not paying a living wage to employees who then have to claim UC to top up their salaries and so benefit from profit from employees and customers.

Why do private landlords get such a hard time? They are providing a service to people that need it - AIBU?

OP posts:
jasflowers · 27/07/2025 20:56

MyNameIsX · 27/07/2025 20:54

  1. Please can you share the source/s for your BTL LTV statement?
  2. Of course the value of your main residence matters - it’s a M2M - one could technically be in breach of covenant if your mortgage exceeds your agreed LTV. As I say, good luck with nationalising losses on BTL - it would be political suicide.
  3. Valuations are crucial, particularly in larger portfolios, and the pricing of debt.
  4. Nine Elms was an example to debunk your previous assertion.
  5. UK pension fund exposure is c. 9% but crucially it is growing, in line with Europe - another unintended consequence for those who want to see private money exit. Without saying too much, in my role, I have seen large scale private investors with 100 plus super high end properties approach us, and other funds. We have zero interest in buying, but let me tell you, we would not be accepting a 6-7% gross yield…. Rents will rise if this sector becomes ripe for institutional money incl BlackRock etc.

😂😅😂

alcoholnightmare · 27/07/2025 20:57

My private landlord is FANTASTIC. Definitely the cheapest four bed in my area and he knocked off £250 immediately as I’m a single mum. He accepted me last year despite me not having a job due to recent break up. Im in year two with him now and not missed a single payment, have a LOT of respect for him.

Purpleturtle45 · 27/07/2025 22:12

I'm so baffled by the people saying it's not ethical to make money from housing. What about house builders? Should you not make money when you buy/sell property? Should plumbers not make money as water is a basic human right? Where do you draw the line?

Cosyblankets · 27/07/2025 22:21

Sunshineandrainbow · 27/07/2025 06:24

Which then gives them a better choice of where they will be placed over someone who doesn't own - lucky them.

Of corse that's if they haven't changed ownership on their property so the state does have to pick up the bill.

It really doesn't always give them the choice. This is a huge myth. My family have just been through it. My relative was a self funder and had to go where there was a space, almost an hour from the family because there was not anywhere that could accommodate their needs any nearer.

KungFuFiatPanda · 27/07/2025 22:39

Purpleturtle45 · 27/07/2025 22:12

I'm so baffled by the people saying it's not ethical to make money from housing. What about house builders? Should you not make money when you buy/sell property? Should plumbers not make money as water is a basic human right? Where do you draw the line?

Water is a fascinating example because we recognise that it's a human right and treat it accordingly - you can't have your water cut off, even if you don't pay your bill.

Whereas with housing, your ability to access it is currently controlled by people trying to make a profit from owning additional houses they don't need.

I, like others, think housing should be treated the same as water.

For profit housebuilders are doing an absolutely terrible job at building the housing we need - hardly any new builds are affordable, and many are terrible quality. So yeah maybe we should try an alternative.

And no, you should not make money when you buy and sell housing - that's the whole point. It's a necessity, not an asset class.

alcoholnightmare · 27/07/2025 22:42

Purpleturtle45 · 27/07/2025 22:12

I'm so baffled by the people saying it's not ethical to make money from housing. What about house builders? Should you not make money when you buy/sell property? Should plumbers not make money as water is a basic human right? Where do you draw the line?

I agree with you. Even primark makes money. Charity shops make enough to pay their staff - I used to work for a charity shop and was on £28k
dogs trust, Battersea dogs home, cancer research……. All pay their staff and make money. There’s no way on earth they break even and the CEO is on £25k.

do you think landlords should rent out their houses to cover their mortgages and repair costs only? Get real.

KungFuFiatPanda · 27/07/2025 22:46

MyNameIsX · 27/07/2025 20:54

  1. Please can you share the source/s for your BTL LTV statement?
  2. Of course the value of your main residence matters - it’s a M2M - one could technically be in breach of covenant if your mortgage exceeds your agreed LTV. As I say, good luck with nationalising losses on BTL - it would be political suicide.
  3. Valuations are crucial, particularly in larger portfolios, and the pricing of debt.
  4. Nine Elms was an example to debunk your previous assertion.
  5. UK pension fund exposure is c. 9% but crucially it is growing, in line with Europe - another unintended consequence for those who want to see private money exit. Without saying too much, in my role, I have seen large scale private investors with 100 plus super high end properties approach us, and other funds. We have zero interest in buying, but let me tell you, we would not be accepting a 6-7% gross yield…. Rents will rise if this sector becomes ripe for institutional money incl BlackRock etc.

Ooh a numbered list!

  1. I don't have a specific source but as I'm sure you know, most BTL mortgages require a 25 per cent deposit. House prices have skyrocketed in the last twenty years, so many landlords will have much more equity than that because their houses have increased in value.
  1. I don't think it does matter. No idea what an M2M is.
  1. I said value. not valuation. They're different things. But what landlords choose is the price, which isn't the same as either.
  1. Go ahead and debunk my assertion then.
  1. Fingers crossed it won't grow any more! Hopefully BlackRock will stay away, since asset managers providing vital services tends to end badly (privatised water companies, anyone?)
alcoholnightmare · 27/07/2025 22:47

KungFuFiatPanda · 27/07/2025 22:39

Water is a fascinating example because we recognise that it's a human right and treat it accordingly - you can't have your water cut off, even if you don't pay your bill.

Whereas with housing, your ability to access it is currently controlled by people trying to make a profit from owning additional houses they don't need.

I, like others, think housing should be treated the same as water.

For profit housebuilders are doing an absolutely terrible job at building the housing we need - hardly any new builds are affordable, and many are terrible quality. So yeah maybe we should try an alternative.

And no, you should not make money when you buy and sell housing - that's the whole point. It's a necessity, not an asset class.

Shouldn’t make money when buying and selling a house? Brilliant! I’ll buy your parents house for whatever they paid for it. Thanks @KungFuFiatPanda

Purpleturtle45 · 27/07/2025 22:49

KungFuFiatPanda · 27/07/2025 22:39

Water is a fascinating example because we recognise that it's a human right and treat it accordingly - you can't have your water cut off, even if you don't pay your bill.

Whereas with housing, your ability to access it is currently controlled by people trying to make a profit from owning additional houses they don't need.

I, like others, think housing should be treated the same as water.

For profit housebuilders are doing an absolutely terrible job at building the housing we need - hardly any new builds are affordable, and many are terrible quality. So yeah maybe we should try an alternative.

And no, you should not make money when you buy and sell housing - that's the whole point. It's a necessity, not an asset class.

Your views are just so far removed from reality though!

bigbreakfastclub · 27/07/2025 23:14

Has anyone considered what the local councils are renting as adequate accommodation before condemning private landlords?
We asked the council if we could rent a newly renovated flat at standard council monthly rent via them the answer was no!!!

MyQuirkyTraybake · 27/07/2025 23:48

Earrump · 27/07/2025 05:31

Because I’m sitting with no bathroom light, cockroaches and mice whilst he is getting full rent and my complaints ain’t doing a thing.

This. My landlord randomly lets people in to my home to do repairs. I report things and get told it's fine.

I can't afford to rent anything else if I hope to one day have a house deposit. I've stopped reporting things. I'm too tired to argue anymore. You can't make them do anything. It's an absolute rip off.

caringcarer · 27/07/2025 23:52

duvetsmuvet · 27/07/2025 07:19

Personally I object to so much tax getting funnelled into private landlords hands via housing benefit.

Most LL I know don't accept tenants on benefits.

ladykale · 28/07/2025 00:16

MyIvyGrows · 27/07/2025 05:09

Because private rent is almost always at a much higher price than social rent or a mortgage payment, as well as the added costs such as fees, several months rent required as a deposit, etc. (I know there are added costs with mortgages as well…)

on a more philosophical level, if housing is a human right then profiting from it seems a bit off. Someone else famously said it more succinctly 😆

Landlords barely make any profit… yes it’s higher but landlords also pay tax on any income they get and have to maintain and repair anything that breaks

MyNameIsX · 28/07/2025 05:50

alcoholnightmare · 27/07/2025 22:47

Shouldn’t make money when buying and selling a house? Brilliant! I’ll buy your parents house for whatever they paid for it. Thanks @KungFuFiatPanda

LOL!

MyNameIsX · 28/07/2025 05:51

Purpleturtle45 · 27/07/2025 22:49

Your views are just so far removed from reality though!

Spot on.

MyNameIsX · 28/07/2025 06:49

KungFuFiatPanda · 27/07/2025 22:46

Ooh a numbered list!

  1. I don't have a specific source but as I'm sure you know, most BTL mortgages require a 25 per cent deposit. House prices have skyrocketed in the last twenty years, so many landlords will have much more equity than that because their houses have increased in value.
  1. I don't think it does matter. No idea what an M2M is.
  1. I said value. not valuation. They're different things. But what landlords choose is the price, which isn't the same as either.
  1. Go ahead and debunk my assertion then.
  1. Fingers crossed it won't grow any more! Hopefully BlackRock will stay away, since asset managers providing vital services tends to end badly (privatised water companies, anyone?)

Well, bad news for you.

  • In Q1 2025 there were 58,347 new buy-to-let loans advanced in the UK, worth £10.5 billion. This was up 38.6 per cent by number (46.8 per cent by value) compared with the same quarter in the previous year.

Despite the media, it does not look like BTL is going away.

Enjoy.

NeelyOHara · 28/07/2025 06:58

KungFuFiatPanda · 27/07/2025 22:39

Water is a fascinating example because we recognise that it's a human right and treat it accordingly - you can't have your water cut off, even if you don't pay your bill.

Whereas with housing, your ability to access it is currently controlled by people trying to make a profit from owning additional houses they don't need.

I, like others, think housing should be treated the same as water.

For profit housebuilders are doing an absolutely terrible job at building the housing we need - hardly any new builds are affordable, and many are terrible quality. So yeah maybe we should try an alternative.

And no, you should not make money when you buy and sell housing - that's the whole point. It's a necessity, not an asset class.

Meanwhile, back on earth…

jasflowers · 28/07/2025 08:09

MyNameIsX · 28/07/2025 06:49

Well, bad news for you.

  • In Q1 2025 there were 58,347 new buy-to-let loans advanced in the UK, worth £10.5 billion. This was up 38.6 per cent by number (46.8 per cent by value) compared with the same quarter in the previous year.

Despite the media, it does not look like BTL is going away.

Enjoy.

Hells bells... Confidence in the economy under Labour!!! Must be those 4 interest cuts we've had with Reeves

jasflowers · 28/07/2025 08:14

alcoholnightmare · 27/07/2025 22:42

I agree with you. Even primark makes money. Charity shops make enough to pay their staff - I used to work for a charity shop and was on £28k
dogs trust, Battersea dogs home, cancer research……. All pay their staff and make money. There’s no way on earth they break even and the CEO is on £25k.

do you think landlords should rent out their houses to cover their mortgages and repair costs only? Get real.

Edited

Its not about people making money or not, Private rent shouldn't be the first and pretty much the only option for people who have no other choice.

HB part of UC is 10s of billions, all going into the pockets of a relatively small number of people, rents can go up to whatever and tax payer will have to sump up.
Housing conditions are falling, as here is no enforcement.

Its funny that the 'right wing who are normally against state involvement, are happy have even more, so long as the private sector makes money, from whatever source in this case, the tax payer.

MyNameIsX · 28/07/2025 08:24

jasflowers · 28/07/2025 08:09

Hells bells... Confidence in the economy under Labour!!! Must be those 4 interest cuts we've had with Reeves

Another absurd post, devoid of any understanding of monetary policy, in this case.

Inflation, has been softening globally, albeit not linear. Central banks globally including the Old Lady have therefore been cutting rates, and are under pressure to do so (see Trump vs Powell).

You cannot attribute that to Reeevs. What you can attribute to her is sticky inflation, premised in part on her generous public sector pay rises etc.

Be serious, please.

jasflowers · 28/07/2025 09:24

MyNameIsX · 28/07/2025 08:24

Another absurd post, devoid of any understanding of monetary policy, in this case.

Inflation, has been softening globally, albeit not linear. Central banks globally including the Old Lady have therefore been cutting rates, and are under pressure to do so (see Trump vs Powell).

You cannot attribute that to Reeevs. What you can attribute to her is sticky inflation, premised in part on her generous public sector pay rises etc.

Be serious, please.

You re funny.

Banks and clients wouldn't be lending/borrowing without some confidence.

Everything bad must be Reeves and her policies...... anything good? all external factors....

Lets remind you - Inflation under the Tories - 12%, under Reeves 3%...

Private sector pay rises are out stripping public sector ones plus the last round of public sector pay rises were done by the Tories, but nothing set aside for.

But all Labours fault, you re very transparent.

KungFuFiatPanda · 28/07/2025 09:25

Purpleturtle45 · 27/07/2025 22:49

Your views are just so far removed from reality though!

Maybe your reality as a landlord is different from mine as a tenant?

KungFuFiatPanda · 28/07/2025 09:47

alcoholnightmare · 27/07/2025 22:47

Shouldn’t make money when buying and selling a house? Brilliant! I’ll buy your parents house for whatever they paid for it. Thanks @KungFuFiatPanda

Maybe if my parents owned a house and my childhood hadn't been spent being made homeless by greedy, stupid, "investors" deciding their right to make a profit trumped a child's right to a stable home, I wouldn't despise landlords so much.

alcoholnightmare · 28/07/2025 09:49

KungFuFiatPanda · 28/07/2025 09:47

Maybe if my parents owned a house and my childhood hadn't been spent being made homeless by greedy, stupid, "investors" deciding their right to make a profit trumped a child's right to a stable home, I wouldn't despise landlords so much.

Orrrrr maybe, if your parents had made better decisions and worked harder… you’d have had a stable home? Maybe your skint parents shouldn’t have had children :)

MyNameIsX · 28/07/2025 09:49

KungFuFiatPanda · 28/07/2025 09:47

Maybe if my parents owned a house and my childhood hadn't been spent being made homeless by greedy, stupid, "investors" deciding their right to make a profit trumped a child's right to a stable home, I wouldn't despise landlords so much.

Bitter and twisted.