I think it will be even harder for people who are struggling to get on the housing ladder. I think there will be a lot of births & separations meaning people moving up and moving out. There will be LLs who exit the market. These factors will all mean that those of us who are in it for the long term will be continuing to supply a much needed product - homes.
I think rents will initially be stagnant as people struggle to get themselves sorted but then once they start to rise the big rises in LHA will keep them going up.
Overall, short term pain but I believe a positive future for LLs.
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I will operate exactly the same as I did before the crisis. This isnt something which comes along once a year or even every 10 years. It's also had an effect on every area of society not just the self employed or the low paid workers etc. This extremely rare type of event shouldn't affect your selection criteria.
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I think there'll be a dip in property prices post event.
There'll be a lot of dead, grieving and damaged people and lots of businesses and jobs will be gone forever.
Which will keep landlords in the rental business, because it won't be the best time to sell up.
The government will go one of two ways - back to austerity to pay down the debt, or keep spending to stimulate the economy.
If the latter, it will be a better time to be a landlord.Leave a comment:
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I think its likely that there will be a long term impact on the rental market. My guess would be that a lot more landlords will exit the market either because they're in debt from unapid rent or because this is the final straw. There would therefore be greater demand for the properties that remain and landlords will be even more picky about who they take. The sales market could be flooded with properties after the crisis - former rental homes and the backlog of owner occupied homes. This could depress prices and sadly means that those of us who might have been planning a gradual withdrawal over the next 2 or 3 years may have to go on a bit longer, despite the inevitable increase in regulation.Leave a comment:
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Hard cash will be king. I think it will also be the case that the rate of rent will be much more tightly linked to estimated risk, much as mortgages are.Leave a comment:
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Agree totally, i for one will look upon the self employed in a different light which i have not done before, mine are due to be paid off in the next few years and i had intended to simply keep them, but all that has come in recently in regards reg's and now this, i have decided to sell all of them, i am getting too old and life is short.Leave a comment:
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Aftermath
I've been reading all the chat on this forum and was thinking about what it's going to be like after, will landlords be more weary of self employed tenants, have more uc or pack in all together ? Interesting times and the tenants are going to struggle even more as landlords try to doubley make sure and with tighter regulations on the way. I've been a landlord now for 30years and genuinely have no idea what could happen!
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Reply to Notice at the end of fixed term ASTThey have made a claim for a full months rent and a slight cleaning issue (£25) that I think I would contest at the same time.
I expected that the claim would be itemised on the scheme website but this isn't the case.02-07-2020, 21:20 PM -
Hi,
I am having problems with my Letting Agent and have been in touch with Shelter but would also really appreciate some more advice before I go any further.
Brief- I had been renting a flat in Preston with myself as the sole tenant/occupant from 21st June 2019 to 20th June
29-06-2020, 17:10 PM -
Correct except for the small point that the whole tenancy is a contractual period tenancy. Also perhaps preferable to refer to the first 6 months as the "initial period".
Not quite sure what you mean by that.
No, because (assuming there...02-07-2020, 20:26 PM -
Hi, I have a request from a tenant for a 6month AST, and thereafter for a monthly contractual periodic tenancy subject to same terms and conditions.
theyre going to be paying the first 6 months upfront and thereafter want to pay monthly.
on the default AST template im using...25-06-2020, 21:45 PM -
You need to clarify what you mean by that. Is it (A) a six months fixed term, followed by a statutory periodic tenancy pursuent to section 5 of the Housing Act 1988, or is it (B) a tenancy with an initial six month terms that continues month by month contractually.
That's...02-07-2020, 20:16 PM -
Dear all,
I’m currently in some dispute with a council tax office and was wondering whether anyone can confirm (or oppose) my opinion on when a tenancy ends:
- TA had six month term followed by recurring monthly tenancy ending on the 14th of the month
- TA has clause...02-07-2020, 18:55 PM -
So for my own understanding
1. an AST can have an Initial Term (say 6 months) and then 'continue' as a (say) monthly periodic tenancy (commonly referred to as a contractual periodic tenancy because it is not statutory) but in this scenario the tenancy cannot have a 'Fixed Term'?
2. In the...02-07-2020, 20:11 PM -
Reply to Whose responsible for the repairs?Thanks MdeB, I wasn’t aware this had finally reached the CoA but as it states there, still far from clear. I think in this case here it’s fairly clear that no GSC existed (perhaps ever) - but I guess taking this case to the CoA again might be pushing things too much
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02-07-2020, 18:45 PM -
We moved into a private let property last August 26th into a house with some of our friends, they moved out towards the end of our 6 month contract with our landlady. Our landlord lives miles and miles away and has visited us once, when we moved into her house.
My husband and I knew that...29-06-2020, 23:22 PM -
Ex tenants of mine, acrimonious eviction, eventually left, grumpily, they took all the carpets (not an issue as I'd already planned to re-decorate & re-carpet, made it cheaper & easier) but in the process of pulling up the carpets yanked a couple of storage radiators off the wall.
...02-07-2020, 17:03 PM
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