Quite! Stay there for 3 years and you could get up to £82k off!
Trying to figure out when is the best time to jump!! Now or after Brexit?! Sales are usually more buoyant in the Spring - who know's what mess we'll be in by then!
When does this removal of S21 start? I forget the conditions of it right now.
Gov allowing tenants to buy PRS housing
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You can almost hear the sales pitch in estate agents...
'Okay, I realise you can't afford any of the places we have for sale. How about one of our rentals? You just pay rent for a year, and then you get 10% off the price.'
Could almost make traditional selling redundant.
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Originally posted by ExpertInAField View PostI don't think you have anything to worry about. The tenants that are causing the problems are not the kind of people that will ever be offered a mortgage so would never be in any kind of position to buy your property..
LLs will then have to play the rule of only allowing up to 3 year AST and then tenant moves out at the end of it with no periodic part - but oh look, they're going to remove S21, so can't do that either.
One thing's for sure, the government will do what the government will do. Knee jerk reaction or not you have to anticipate before it's too late! They have made it clear that the lettings market it dead, but they will have a bigger problem once they've killed it totally.
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As someone who has spent decades in education the attitudes and values in current society concern me.
However, I have gone off the thread, apologies people.
Finally may I give you my respect.
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Originally posted by scot22 View PostIs your final sentence a true statement of your situation ? I could mind my own business but it concerns me that I can see your reasons. Unless you experience something it is impossible to fully understand.
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Is your final sentence a true statement of your situation ? I could mind my own business but it concerns me that I can see your reasons. Unless you experience something it is impossible to fully understand.
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Originally posted by Mogino View PostThis is never going to happen (private LLs being required to sell their homes to tenants at discounted prices).
Originally posted by Mogino View PostAnd regardless of the verbal effluent that the Labour Party perpetually spews forth (and have done for decades), they are not actually "the party of the masses". Its a long standing deception perpetrated on the masses, by the privileged/the ones in control, and who just have different coloured flags, emblems, endless drivel, etc.
Originally posted by Mogino View PostPrivate property is a key underpinning of "relatively free" societies.
Originally posted by Mogino View PostIf such a policy came into being, not only would the property market be devastated/collapse overnight, but almost every person's personal wealth and all their possessions would be subject to government theft, confiscation or "re-appropriation", by some fluffy and "the right things to do" policy, or perhaps by some policy which starts of not doing exactly that, but rapidly builds to that.
But that is not a reason to say it is unlikely to be implemented.
Originally posted by Mogino View PostLabour's park wino hasn't got a snowflake's chance in hell of getting the keys to No.10.
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This is never going to happen (private LLs being required to sell their homes to tenants at discounted prices).
And regardless of the verbal effluent that the Labour Party perpetually spews forth (and have done for decades), they are not actually "the party of the masses". Its a long standing deception perpetrated on the masses, by the privileged/the ones in control, and who just have different coloured flags, emblems, endless drivel, etc. The same goes for the Democrat party in the US. Same BS/MO. Ergo, Politics doesn't really exist and its all part of the same deception. Voting is an illusion too.
Private property is a key underpinning of "relatively free" societies. If such a policy came into being, not only would the property market be devastated/collapse overnight, but almost every person's personal wealth and all their possessions would be subject to government theft, confiscation or "re-appropriation", by some fluffy and "the right things to do" policy, or perhaps by some policy which starts of not doing exactly that, but rapidly builds to that.
Labour's park wino hasn't got a snowflake's chance in hell of getting the keys to No.10.
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Originally posted by ExpertInAField View PostI don't think you have anything to worry about. The tenants that are causing the problems are not the kind of people that will ever be offered a mortgage so would never be in any kind of position to buy your property.
One thing I do get concerned with, is the kneejerk reaction of some around here which seems to be "I'm gonna raise the rent" or "I'm issuing a section 21 as soon as I can" to the slightest bit of bad news. This is just inviting action from the government who could step in with even further regulations. It was agents taking the proverbial that ended up with us getting the TFA. The more we keep screwing over the tenants for something they have now power over, the more likely government intervention will be.
Rent is not raised as a punishment -- it is raised to offset loss and risk.
And no amount of dictat from government is ever going to change that in the long run. That is why communist countries end up as the poverty ridden, crime ridden messes that they all became and will become. And which we hopefully will not become - although it is looking as if our youth are pretty dumb about their futures.
Tenants are being screwed over by legislation not by the "we" -- of which I doubt you are one (of the "we").
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Originally posted by leaseholder64 View PostMaggie didn't present it as stealing from the tax payer, but rather as returning the money stored up in social housing to them. Arguably it was actually stealing from the non-tax payers, in the longer run.
Because of course the taxpayers did not only have their assets stolen by council tenants at knockdown price - those folk selling at unimaginable profits, but they now also have to pay the housing benefits of 5 million families who somehow deserve it.
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Originally posted by Berlingogirl View PostCould this be Labour's way of preventing social mobility? If a person gets a better job in another part of the country they might not be able to get a PRS house because the PRS would have sold off so many properties, leading to that person not being able to take the job.
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Maggie didn't present it as stealing from the tax payer, but rather as returning the money stored up in social housing to them. Arguably it was actually stealing from the non-tax payers, in the longer run.
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I don't think you have anything to worry about. The tenants that are causing the problems are not the kind of people that will ever be offered a mortgage so would never be in any kind of position to buy your property.
One thing I do get concerned with, is the kneejerk reaction of some around here which seems to be "I'm gonna raise the rent" or "I'm issuing a section 21 as soon as I can" to the slightest bit of bad news. This is just inviting action from the government who could step in with even further regulations. It was agents taking the proverbial that ended up with us getting the TFA. The more we keep screwing over the tenants for something they have now power over, the more likely government intervention will be.
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Could this be Labour's way of preventing social mobility? If a person gets a better job in another part of the country they might not be able to get a PRS house because the PRS would have sold off so many properties, leading to that person not being able to take the job.
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Originally posted by leaseholder64 View Post
For any other sort of pension saving you would be told to diversify your investments. It seems that people relying on BtL as a savings vehicle violate this by only investing in the single, market. Diversity isn't just having properties in several parts of the country it is spreading investments across different sorts of venture that won't be affected by the same legislation changes.
Unlike sellers of other investments, estate agents aren't regulated to give investment advice.
This however doesn't stop some marxist going through and stealing your pension, regardless of how diverse the investments are!
Quite frankly, I'm more likely to be dead before I reach this new so called pension age of 75. Maybe the idea is to steal everything and then say you can't retire anyway. I'm not in the baby boomer generation with a final salary pension, unfortunately.
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Latest Activity
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by LawcruncherI am not sure the law is entirely clear here. My understanding is that accepting a defective notice is not enough. The landlord must additionally have acted on the notice so that he will be prejudiced if the tenant does not leave. Does anyone know a case on the point?...
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Channel: Residential Letting Questions
14-12-2019, 08:38 AM -
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by Farah VI have a tenant who gave me less than a fortnights notice to quit at the end of November. I was thrilled as I'd been agonising over how to remove her. She was due to leave tomorrow, but sent me a WhatsApp message on Wednesday telling me she intended to stay. In addition to this, she has paid about...
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Channel: Residential Letting Questions
13-12-2019, 15:13 PM -
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by marinerOP stated no such info, you inferred it!
A LL can accept a foreshortened Notice as valid provided he does not accept further rent until after expiry of Notice when measne profits are payable..
OP/LL wants legally rid of this T asap.for min cost.-
Channel: Residential Letting Questions
14-12-2019, 04:43 AM -
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by Ted.E.BearNo, the LL did not accept 14 Dec as the last day - they said that they 'accepted' 31 Dec as the last day (or maybe 30 Dec), despite the tenant not actually offering that.
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Channel: Residential Letting Questions
14-12-2019, 02:23 AM -
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by marinerThe NTQ was NOT invalid as the LL accpepted 14 Dec as the last day of Tenancy.
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Channel: Residential Letting Questions
14-12-2019, 02:03 AM -
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Reply to rough cost of repairing a basinby marinerI assume T caused the basin damage, so charge the T for replacing it less estimate for FW&T for lost years of life expectancy since provided new. Thus the Deposit remains intact for other T damage discovered. less FW&T, or combine and use Deposit scheme ADR...
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Channel: Residential Letting Questions
14-12-2019, 01:57 AM -
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Tenants have cracked a basin (it was new when they moved in). The damages outweigh the deposit I have. I got a quote of £200 for a new sink, including labour and disposal of old sink). They have asked how much to just repair it. Can anyone give me a rough idea? Thanks very much.
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Channel: Residential Letting Questions
13-12-2019, 19:42 PM -
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Reply to rough cost of repairing a basinby Ted.E.BearThere are plenty of places that will give a quote - the only figure I've seen (given in a review) was around £160.
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Channel: Residential Letting Questions
14-12-2019, 00:52 AM -
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by Ted.E.BearI don't think that the tenancy ends on 14 December - the notice given was invalid, and the landlord communicated that the notice, as given, was not being accepted. I don't think the landlord can unilaterally change the dates on the notice and expect them to be binding on the tenant.
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Channel: Residential Letting Questions
14-12-2019, 00:51 AM -
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by DPT57In which case write to her again saying that her tenancy ends on 14 December and you will be proceeding straight to court to get a court order to remove her. You will also be demanding mesne profits at a rate of double the rent for any days she occupies after 14th December. Then follow through...
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Channel: Residential Letting Questions
13-12-2019, 23:55 PM -
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