Section 21 abolition - timetable

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  • jpkeates
    replied
    The proposed change was the idea of the last but one Housing Minister, it's hanging around, but no one is interested in supporting it, because it's not their baby.

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  • jpucng62
    replied
    I think they're worried about getting it wrong - the Tenant Fees Act backfired in terms of tenants having pets!

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  • Hudson01
    replied
    A tad surprised, nice to see that listening to both sides of an argument has not gone out of fashion

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  • jpkeates
    replied
    No proposal for any change before 2022 at the earliest.
    https://www.landlordtoday.co.uk/brea...per-until-2022

    Leave a comment:


  • Hudson01
    replied
    I doubt they will even have a '' fudge '', i suspect they will simply ignore it and be designated as exempt. They have with EICR as far as i understand ..... why not EPC ?

    Remember that if the council stock/housing association stock have to abide by the EPC C then the funding will either come from central govt or the council tax payers of each local authority...... NOT a chance in hell that will ever happen.

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  • AlexR
    replied
    Originally posted by Grim View Post
    If the government proceeds with the EPC minimum of grade C this will effectively kill the PRS in large parts of the Country ..
    I wonder whether the social housing will have to fall in line too? I imagine much of that will not be EPC C either and indeed some of it is not even fit for habitation. I suspect that a fudge of the EPC system will come along to save the day.

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  • Hudson01
    replied
    Originally posted by Grim View Post
    . The government has a naive view that tenants will just become house owners, some will but a high proportion simply wouldn't be able to get a mortgage..
    A very good point, its not just the govt who think this, a great many of the general public think that if all LL's simply disappeared then the housing crisis would be over........ just as naive.

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  • Hudson01
    replied
    Originally posted by jpkeates View Post
    So, prices would have to fall, in order to bring into the market people who can only afford to pay less.
    So landlords would have to discount quickly so as to be first to sell, before prices drop further.
    I am not so sure, i see any sell off happening between 2024 and 2028, as we are seeing at present the number of properties for sale is at an all time low, i can see this continuing into the future with a lack of houses being built and an increasing population, i envisage our properties simply dropping into the pool and being snapped up, no dropping of price over and above the normal market prices at the time.

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  • jpucng62
    replied
    We will end up with a 2 tier housing market - older properties falling in value maybe and being snapped up by owner occupiers who don’t need to achieve EPC C and who the Govt can’t force and then the modern houses which already EPC C attracting a premium and LLs outbidding owner occupiers for these properties. The PRS will be smaller, rents higher and those people not eligible for social housing and unable to afford the PRS renting unregulated, unsafe properties from rogue LLs who flout the law because there is no other choice.

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  • Kape65
    replied
    Originally posted by jpkeates View Post
    So, prices would have to fall, in order to bring into the market people who can only afford to pay less.
    So landlords would have to discount quickly so as to be first to sell, before prices drop further.
    Exactly the scenario I envisage.

    Leave a comment:


  • jpkeates
    replied
    Assuming the EPC change is introduced, it will be interesting to see who will buy the properties being sold off.
    It won't be landlords, because the properties would require big upgrades to make them lettable, and there's only so much pent up demand from people who can afford to buy but can't find somewhere to purchase.

    So, prices would have to fall, in order to bring into the market people who can only afford to pay less.
    So landlords would have to discount quickly so as to be first to sell, before prices drop further.

    Leave a comment:


  • Grim
    replied
    If the government proceeds with the EPC minimum of grade C this will effectively kill the PRS in large parts of the Country . This will lead to a mass exodus from the sector and a lack of property to rent. This in turn I would expect to lead to significantly increased levels of homelessness. The government has a naive view that tenants will just become house owners, some will but a high proportion simply wouldn't be able to get a mortgage.

    My hope is that this scenario will at some point become so obvious that the government will step back from this course of action as generally homeless people don't vote.

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  • Kape65
    replied
    Originally posted by Lesney Park View Post

    Source?

    Of course, they have said no such thing. The government is considering linking mortgages to green home improvements and could impose targets for lenders if insufficient progress is made. So lenders will incentivise (ie give cheaper rates) for those properties with better EPC levels.
    But if the green mortgage scheme is not successful and housing stock upgrade targets are not met then the government is proposing to make it mandatory for lenders to have all properties within their managed portfolios reach EPC Band C by 2030.

    LandlordZONE

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  • Hudson01
    replied
    Originally posted by Jon66 View Post

    Not to mention those in the PRS stuck with cladding issues, but that seems to have been forgotten 🤔
    Agree, although i am not affected by the scandal i have followed the campaign on Twitter, it all goes to show that this, and previous governments, have not a care in the world about the ordinary person trying to get through life, they do not give a toss.

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  • Jon66
    replied
    Originally posted by Hudson01 View Post
    He actually said that during the pandemic with the rise in property prices we had done '' well '''.......... totally deluded.
    Not to mention those in the PRS stuck with cladding issues, but that seems to have been forgotten 🤔

    Leave a comment:

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