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 gkasusI am a first time landlord. Appreciate anyone's help on the interpretation of the termination clauses for my fully managed let property. The tenancy agreement started in 2017 for 1 year and then went into periodic to now. Tenancy is still active.
The current contract is quite explicit...-
Channel: Residential Letting Questions
14-12-2019, 18:24 PM -
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Reply to Deposit and withholding keysby DPT57What does the tenancy agreement say the deposit is? If it says a months rent for example it would be easy for the tenant to claim that they paid you one week by bank transfer and the rest in cash. It would be practically impossible for you to dispute this and their penalty claim then goes up to 3x 1...
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Channel: Residential Letting Questions
14-12-2019, 15:51 PM -
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I’ve been a bit naive. I had a short hold tenancy agreement with tenants signed 18 months ago for a year. They have just moved out. I only recently obtained a small portion of the deposit (initially was asked if I could give them a bit of a grace period to get depot together). They promised to pay...
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Channel: Residential Letting Questions
06-12-2019, 22:46 PM -
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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, 14:37 PM -
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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 roywI wouldn't repair it. The cost obviously depends on the basin, anything from £30 up. As long you get a similar one fitting should be straightforward so I would think £200 was a bit steep. I doubt you'd need to pay for disposal, it should fit in your wheelie bin.
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Channel: Residential Letting Questions
14-12-2019, 14:24 PM -
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Reply to Tennancy - using a rent guarantorby eniacsYes you are right. I've explained to them and they understand. They have come back with another guarantor who has a higher income so will try that. Also have another viewing tomorrow with someone else as a back up.
Thanks for assistance. Great forums.-
Channel: Residential Letting Questions
14-12-2019, 13:09 PM -
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by eniacsHello;
I've got a tennant applying to rent, everything seems normal, visited the place with her mum and has 2 teenage boys. She works part time but not enough to get approved for the rental payments. She has offered her mum (also working and home owner) as guarantor.
Through...-
Channel: Residential Letting Questions
12-12-2019, 18:31 PM -
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by LukeIts completely true .
She seemed quite reasonable when we first met and her story seemed to be true .
Then she suddenly went crazy .
And I will not be proceeding with the T/A...-
Channel: Residential Letting Questions
14-12-2019, 11:01 AM -
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by LukeI have a potential tenant who is receiving housing benefit and I would like to be paid directly .
How do I go about making sure that I get paid directly ?-
Channel: Residential Letting Questions
12-12-2019, 11:36 AM -
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