limitations on home ownership

[thehappyotter]

Apparently they are going to make it harder for land loards to evict . If you say you need the money you have to prove your in a true financial poor situation. This will obviously stop as many people using it as an income .
This is all well and good but will they build more social housing .
If this does go through i wouldnt want to be a landloard

We need housing! Everyone says social housing but that’s only because supply and demand means private housing is too expensive. So freeing up a load of houses from people’s portfolios for other people to make their home, I’m all for! To all those landlords who think they’re doing the community a service you aren’t! Even if there’s not much income from monthly rent you know you’re counting on the ridiculous rise in bricks and mortar to cash out in a decades time.

Yes I've been told I'm more than eligible but the number of people in front of me means it'll be 10+ years before I get anywhere near the top of the list.

People always want this fixed for free .

“ There should be lots more social housing. But I dont want to pay more taxes to fund it. And I don’t want them built on land near me. And I don’t want more social housing tenants getting places at my kids school / my dentists / my nursery “.

“ Private landlords are the scum of the earth, they should be stopped from making a profit. But they should also invest more in their properties, do all repairs immediately, stop all anti social behaviour and understand when tenants can’t pay the rent . Oh and not have strict criteria for who they rent to “.

There should be more controls on the rental market to prevent hobby landlords from driving up house prices and keeping would-be-buyers trapped in rentals when they could be buying if rents and house prices hadn't been driven up so high.

Local authorities should be required to assess the real size of the local rental market and should issue a set number of licences to match that, with any non-owner-occupied property that doesn't obtain an appropriate licence being compulsorily sold to a would-be owner-occupier - this would force more properties onto the market and be a downward pressure on prices. Local authorities should also be able to set a scale of maximum rental-per-square-metre with an A-J scale for taking into account how naice/grotty the area is and the state of upkeep/luxury of the home and strict limits on annual price rises to ensure that the majority of rental stock in the area remains affordable.

I think the problem is that as a tenant you have little security. Even with the current amendments a landlord can still get someone out if they say they are selling or want to move in.

There are also the restrictions on how you can decorate, the inspections and the rent increases. As a tenant you are always made to feel like a second class citizen. Many people who would be quite capable of servicing a mortgage are stuck paying a fortune in rent because of the impossibility of saving for a deposit while paying such high rent.

I don't think landlords are inherently bad. I private rent and have a great LL who charges a very low rent and is pretty hands off so I in return get things repaired that probably would normally be down to him.

Despite all that I have no security. If he was to drop dead tomorrow or decide to sell then I would be out on my ear. I have a disabled DD and am constantly worrying what will happen if we have to move. I would really struggle to afford a higher rent (and to pass all the credit checks) and although I am on the list for social housing, because I am adequately housed at the moment, I am way down the list .

The housing situation in the UK is dreadful and I really don't see it getting better any time soon.

No one has any security. If you rent your landlord can evict you on certain grounds ( after about a year).

If you own your house and you can’t pay the mortage , your lender will have you evicted.

if you buy with your husband / partner and they leave you, they can force you to sell up to pay them. if they drop dead their family can force you to sell so they get their share.

If the boiler goes you need to find £2,000 to fix it or you freeze.

This board is full of women who stay in abusive relationships even though they are owner occupiers because they can’t afford to leave .

There isn’t this magic housing tenure where you have total security even when you have no money and someone else does your repairs when you want them and decorates the place to your taste at no cost and never dies or changes their mind.

Everything costs money and everything has some sort of risk.

The issues is that there’s not enough housing and there are too many people . It costs money to fix this and no one is willing to pay. There are no costs free solutions .

People here are full of great ideas eg Rent control, compulsory sales that fix what they perceive to be their personal pain point . They don’t seem to have any idea that it’s a SYSTEM and if you interfere with one point you bugger it up elsewhere.

EG rent controls , landlords will stop doing repairs so the quality will fall, others will sell up , there will be fewer rented properties and the price will go up. That’s what has happened everywhere that has done this.

You can’t magic money out of thin air to fix it. Chanting mantras like “ Kill all landlords “ or “ all tenants are lazy bastards “ wont fix anything. It needs taxpayers money - if you all were willing to pay billions to build enough social housing this could be fixed.

If voters cared enough about this , they would persuade govt to fix it.

Then you could rid of all private landlords and prices would go down. You’d need to go paying billions to subsides all these good condition but low rent properties but you get what you pay for.

I notice that poster here are generally middle class people who are concerned about house prices for their kids or themselves. So they are full of great ideas to force LL to sell because they imagine that would increase supply and make it cheaper for them.

They don’t give a fuck about the poor tenant who was evicted so it could be sold. Nor about the generations of prospective tenants who won’t be able to rent it because their little Tarquin has now gentrified it and sold it for a big profit. It’s now lost to the rented market, probably forever .

They don’t care about the significant proportion of households in the Uk who are long term dependent on benefits and will never be able to buy. They need to rent.

They don’t care about the overseas students who prop up our whole university sector with their high fees. They need to rent for a few years while they are here.

They don’t care about all the young people who need to be mobile for work who need to rent. Or couples setting up home together who want to rent.

All they care about is sodding little Tarquin buying his flat in London. And they imagine that getting rid of the demand for the 5% of properties which are sold to landlords will somehow get rid of the other 95% of prospective owner occupiers who are bidding against him.

It’s dressed up as concern for tenants. But it’s not at all, it’s self interest.

@OliveThe0therReindeer It’s true that unless you own your home outright, no one has complete housing security. Interest rates can turn an affordable monthly mortgage payment into an unaffordable bill.

and the self less landlord is thinking about all these people- and their portfolio is merely a bi product?
perleeease

And no these aren’t precious middle classers, it’s a genuine concern that the next generations will have no housing options. It’s not unreasonable to want your child to be able to work and afford a roof when they get older, not just default to the council housing list- doesn’t make anyone pompous!

Well you do have security once you’ve paid off your mortgage- that’s the entire point.

While you are paying it off you are in the same position as a renter in that if you can’t pay your housing costs you lose your home - that’s seems right to me nobody gets anything for free in this world.

Take you a year ... of further lost rent and headaches. It's not easy money for good landlords.

Why should it be easy money? Really why is it shocking that people choose to be landlords and therefore take on the responsibilities of being one?

@AmberOrca that is why Mumsnet is so fascinating, as what seems normal differs so much between people. I think it must vary so much depending on where you live and what sort of relationship you have with your parents and their financial situation. I also think it's different if your parents are divorced and/or renting themselves, as it means "home" doesn't really exist in the same way it does if your parents are still together and living in the house you grew up in.

Love this idea.