Join us for a free 90-minute webinar: bit.ly/4h8HznU Thinking about buying, renting or letting a property in London? Book now calendly.com/danny_valencia/schedule-call?month=2023-08 Suggested Videos: The Short Term Rental Collapse! - ua-cam.com/video/_bHV9O1qdDo/v-deo.htmlsi=-EjmKY00YH7OhPyF
So if a landlord has a mortgage to pay and you dont get income from rental income, the bank doesn't care still require the money, this is not make sense at all you wanna protect tenants at the expense of landlord? absolutely ridiculous
I am selling my small flat in London. It was rented all the time to young foreigners coming to get experience in London before going back to Europe. But now I am done. Not sure where these young foreign tax payers will get lodging in the future. Will invest in worldwide trackers and foreign bonds instead. And leave the Uk if things get insane. Am oldish but still mobile.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Homelessness is the Governments responsibility, not the responsibility of small private landlords. Homelessness is a complex social issue that deserves the full attention of Government because it encompasses not just housing but poverty, health, employment, skills, education etc.
Homelessness is the responsibility of the homeless. I, and therefore my tax dollars, have no responsibility to make sure nobody ends up homeless. My responsibility is to make sure me and family aren't homeless. Full stop. The whole "gOvT hAs To sAvE tHe HoMeLeSs!" crap is what got us here in the first place. Charities are for helping the homeless. Not governments.
@@grimsbyhackney479 Did you type that or did your keyboard have an abortion? Say that again but better so that people who actually speak English can play along.
The issue is that either the renter or the Landlords must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 90% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
@@williamDonaldson432 I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 2 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
...actually it was not Labour, it was the American Goldman Sachs the jew firm that said it originally. They helped the Globalists get Nestle company.a few years back.
Big government doesn't like small private landlords. Theyll regulate until the sector is large commercial landlords which will want to gain regulatory capture.
It’s the same with the care industry, they’re getting rid of small care companies who give great care for our elderly and disabled. They want the big guys getting all the government money, the big companies are bringing in cheap Labour who don’t speak English and our elderly can’t communicate with them!
Exactly. The rental market is going to end up the same way as the utilities industry - the big players running a "too big to fail" cartel, where they can do what they want, and the watchdogs/regulators are corrupt, because their next career move is with those same utilities. And of course the tax payer gets to pick up the bill when it goes horribly wrong. If anyone thinks rents will be lower in that scenario I have a bridge I'd like to sell them. Glad I got out of BTL when I did...
@@CaldonianDude Lloyds Bank told me in 2020 that when they become landlords tenants will have very little privacy and control as the bank will know everything about them and make them do what they want. Everyone laughed at me then when I tried to warn people but look whats happening now.
Accidental landlord here. We have tenants who are unable or unwilling to pay - and everything is stacked in their favour. We're thousands out of pocket with no real end in site. If you want to put rules and regulations around renting, MAKE THEM FAIR FOR ALL PARTIES! We bent backwards for our tenants... So to clarify, any issues raised were dealt with immediately. We did not regularly raise the rent as it covered what we needed it to. As for some of the comments below, absolutely bad landlords need to be dealt with. The point I was trying to make was, so do bad tenants. I'm not here to be a charity. I'm not here to prop up Government failure to address housing. I just happen to have a single home (my first) that I ended up renting out.
@@flyinyamaha it’s the Nast nasty landlords that cause the good landlords problems and some of them are like a pack of wolves very nasty that’s why good landlords suffer, there are bad tenants but the balance is way in favour of landlords section 21 used to throw good tenants onto the streets, complain about mould section 21 the nasty landlords have abused the imbalance of power for to long and MP landlords voting on legislation as landlords conflict of interest, there’s good tenants there’s good landlords and the opposite however it’s time to rein in the abuse of nasty landlords simple .
@@billygnasher But for the the guy above, it's simply the tenant not paying. That's no reflection on him as a landlord (we assume). I had a 'family friend' who took me for several thousand claiming council were not paying her. Did everything she ever needed resolving with professional tradesmen. In the end I paid her £1500 to leave.
Neither are morally right. Young people shouldn’t be faced with the choice of paying for someone’s retirement plan through extortionate rents or paying large corporations’ share holders.
@user-gk1nt6sm2z yes, naturally some landlords will exit and yet, Six in ten landlords (60%) cited the ongoing demand for rental properties as a key factor in their decision to actually grow their portfolios. and yes, the big corps are with the B2R
Section 21 is often triggered when landlord wakes up one morning and decides he wants 30% more from same tenant but does not want to pull single penny into improving the property. EPC D is pretty washed up old house, a literal barrack but because of house shortage the tenant has to agree to live in it because there is no choice
@@nikolaimiroshnichenko2689 You make a good point and what you say may well be the case with some unscrupulous Landlords. However, you can't suppress the free market. Now especially as the past year or two has seen rents normalise, it could be argued that if the true market value is 30% higher should'nt a tenant be thankful they've been paying 30% less? My second point is: have you ever wondered what happens to Tenants from Hell who have wrecked the property, caused anti social or intimidation problems with neighbours and have cost their Landlord thousands of pounds in legals, Court fees, damage to property, bailiffs etc? Where do you think they go? Probably straight to some other poor unsuspecting Landlord because Landlords have no way of checking. The Gov talk about a Register for Landlords- I say what we actually need is Section 21 and a Register not for Landlords but for Tenants.
@@johnmore4155 well what you suggest is that diligent tenants pay the landlords' losses they incur from bad tenants. This is not how it should work. In fact, landlords have some means of checking (not ideal of course). They ask for recommendation letters from previous landlords (at least this is what I faced). The prices for real estate and therefore rents in the UK are insane - compared to almost any other country where I lived, probably second to some posh areas of the US such as California or NY. You can't compare normal day rents with that insanity that was happening during Covid and day tenants should be grateful they are paying less than during lockdown. I still believe landlords extorted quite a bit of money taking advantage of extreme measures but this is already in the past. I'm generally in favor of free market however the primary role of any government in any country is to see that free market does not tilt unfairly in favor of one side getting monopolistic (or in this case - oligopolistic). Landlords take advantage of poor govt policies and shortage of houses - therefore they don't like Labour plan to build 1.5m new houses, because tenants will have more choices and prices will have to go down. Current situation when you have 10 viewvings in a property which has been put on the market 24 hours ago - is just insane. It promotes bidding, price increases beyond fair level and worsens the position of tenants which are now percieved as cash cow with no rights
It’s been proposed that a landlord cannot refuse pets. It’s my house, I’m paying the mortgage, I paid for the carpets and curtains, if I don’t want pets then I don’t want pets.
I currently rent out a house and our tenants are moving out this year and I’m selling property as I have had enough of all regulations. Also with the capital gains tax being changed. I think they will shoot themselves in the foot and there will be far less private landlords about causing further homelessness.
Or to put it another way. You can't make easy money anymore because you will now have to take responsibility for making sure that your rented housing is fit for human habitation! And you are also clearly angry that you actually have to pay some tax on profits you made which didn't involve any actual work
@@keldsleepnot7961 your making a lot of assumptions. For a start my house is perfectly fit for habitation I have done all certifications etc. my tenants were very happy in house only moving out as they inherited some money and moving up north. I do pay tax on profits every year and they money I make after paying out for everything isn’t that great. My tenant has had lots of people asking him if we are re letting house he’s told them no. This property was our family home up until 2018 when I had to move in my parents house after my dad die to look after my mum who had Alzheimer’s . I had to give up work and we rented the house for a bit of income.
@@karenconway6061 yes same old story...people always think landlords are in it for easy money..put your money in the bank at 4% some tenants deserve to be out on the street.
Theft from landlords is already legal. I am out 6 months rent and waiting. No idea how long it will take to get them out and I will never get that money back. Government policies NOW allow people to ride the backs of private landlords. What is coming next is EVEN WORSE
I am a small landlord. My tenants do pay rent but do not look after the property. I let the estate agents manage my two rentals and yet despite visits describe the state of one as tired. It was immaculate when they moved in. I do not like to make tenants homeless but have asked for photos of the interior rooms to be taken. I then may move in myself, after notice is served, or else allow them to stay. The state of the exterior, piles of dog shit, broken back door and meter cover and overgrown drive, tinder dry fence, hedge reaching heavenward made me nervous. Of course it is a kick in the guts to a seventy year old who worked hard to make retirement easier, with no state help at all, now seeing those on pension credits stress free with a lot more help. I only saw the dreadful neglect due to getting a new door for the house for them. The last new back door had already been kicked in as I also spied through the dry as soapboxing fence at the back.
I've stopped renting my property out due mistreatment of property and non payment of rent. Evictions taking 6months to year etc. Was thinking of renting out again but unlikely now
Section 21 helped me get social housing. I was in private rental and the landlord served me a section 21, as a disabled person I went to the council and on the day I was evicted under the section the council had to accept I was homeless and that meant they had a duty of care to me and eventually after 18 months in temp accommodation I was able to get housed. If I had left on my own accord I would have been deemed to have made myself homeless and not eligible for any help.
My friend paid £7000 in legal fees to remove a tenant who knew perfectly well from the start the contract will not be extended beyond a year and was legally informed of this. My friend rented his home out as an interim measure before he sold. My friend had moved out to be with his new partner.
Well he paid for a very expensive solicitor, did no one tell him you can do it all on line yourself for under £1000, I just evicted a tenant of mine took me about 6 months
Redistribution of wealth is underway. They will squeeze anyone they perceive as being slightly affluent even if you have worked hard and sacrificed all you life to achieve personal, monetary security and I am not talking vast wealth. The removal of the winter fuel allowance is more about getting pensioners to downsize especially if CGT is put on first homes. This is not a government for the people who have made their own way in life and not taken from the state.
@@jillhargrave-george4510 Not necessarily, many have very strong links to their family home and hope to leave it to their children if they have any. Also some can’t face the upheaval and don’t want to leave their local community and services. There is a lot of comfort in familiarity.
Yes, what you're describing is Socialism. This is about discouraging private property ownership as part of the current Socialist takeover of the West that we are witnessing, led by ruthless Reds like Starmer. When his Masters at the World Economic Forum say: 'You will own nothing' the implication is clear - _'because WE THE STATE will own EVERYTHING_ and you will have to hire/rent everything'.
I don't see how disincentivising rentiers would have that effect. A big problem with this country is that you can earn money too easily by owning stuff in this country and it is really hard to make money by actually doing something useful.
@@daveansell1970- If you demean investors as mere rentiers, then where would any business get finance from? The businesses that provide every bit of goods & services we need. The businesses that provide you with employment in the private sector, or generate the taxes to provide you with "employment" in the public sector. And where would you get any return on your savings & pensions to pay for your post-work life, when you effectively become a rentier by default? And since when was taking a risk of losing your investment, as well as potentially making money from it, an "easy" proposition? No-one in employment, not counting the self-employed, carries any such risk of financial loss by doing their job. There is no "easy" in a competitive world. And without a competitive world, there is no reward. Risk & reward go together.
Why not? Forget about what solicitors tell you, they are very often wrong but never hold their hands up, it's your property let to a tenant under your terms, If they don't agree with your terms they can leave.
Wise move, the whole situation in the UK is turning into a total sh1t show. I sold my rental properties because it just stopped being worth the hassle.
@@ph5056 won't it? I've been letting a property for 10 years, I've never used a solicitor, I've never used an agent and my tenant knows exactly where he stands, in 10 years the rent hasn't been late even once.
If you destroy the private landlord you will end up with more homelessness and hardship! Private landlords provide a service that can never be replaced by governments!
Houses in uk r cold cold again cold coz bricks only without any insulation...old windows too.. All heating going out thru old windows and cold walls...🤦
Please don't emigrate to Europe and price the locals out of affordable housing. They're getting pretty sick of British immigrants destroying their country
Why anyone wants to be a tenant is beyond me, this is all done to smash small mum and dad landlords. The likes of Blackrock and Lloyds bank will come in and Hoover everything up. The EPC is the most insidious, the day will come when mortgage companies will refuse to remortgage your house( how many people are in fixed term) unless you meet a minimum of a C rating. That will mean repossession of rental and private homes and more homelessness. My advise, try and pay the mortgage up or sell and get a smaller house with no mortgage.
Don't think anyone wants to be a tenant! I owned a flat before. I would have rather just stayed with my my dad. Being a tenant has been the worst thing ever. Think I would rather live in a tent.
@@damianbutterworth2434 I have always been thinking about a boat. I've been out on boats a few times there is something very relaxing about being on the water.
So how would you incentivise landlords to improve the energy efficiency of their houses? I guess you could say that if it is less than B it is illegal to rent it out without energy being inclusive.
The worst thing about the EPC is that they won’t take any evidence that you have insulation in place. So put up plasterboard and they won’t take your word or evidence. Pathetic.
I have got two rental properties that are let out, both with mortgages. Last year it took me 10 months to evict a non paying tenant and I’m still left with a debt of over £8k that I’m not going to get back. Plus another £5k to tidy up the hell hole they left me with. I’m going to save myself a whole lot of grief and sell both of them. Sorry tenants it just doesn’t stack up on paper anymore.
The BTL house next to mine is up for sale. The owner can't make it pay and doesn't want to be further disadvantaged by the Labour government. By my reckoning, the house price is about nine times more than the salary of the last tenant. Guess what's going to happen to rental availability?
I am beginning to offload properties. Both Labour and Conservatives are being controlled by corporations and eager to eliminate the small private Landlord with legislation.
@@jonh7054 I am using lodging as a way to have cash flow and be tax efficient. The tenants can be evicted more swiftly and can be replaced soon if needed. Win-win for everyone paying their dues and me. Just can't live off it as a full-time landlord. I think that time has passed and will never come back.
It only goes one way and if you want to know what that looks like look over the pond. You can't stop the consolidation at that level without major effort. Another one for the "I told you so pile".
When homelessness goes through the roof under this stupid government, they will wish that they hadn’t got involved in some of these regulations because I will decide what and when I dispose of any of my properties. These governments make a bollocks of everything.
How should this trigger homelessness? Imagine you are a landlord. Will you remove property off the market and make zero money on it? Or accept some extra cost and continue earning but less?
Nuisance tenants cause problems for renters in adjacent flats. Section 21 has been a very useful way of getting rid of trouble makers in a block where I am a (voluntary) director. This is about renter/renter: the landlord isn’t the problem, the landlord is an essential part of a solution. Labour (as always) think in terms of envy with landlords being the bad guys. In my bitter experience the bad guys are renters who don’t behave appropriately, and those renters should be subject to a rapid penalty because of the nuisance they cause. The court system is far too slow.
@1:25 ... "the court system is an absolute shambles " is an understatement. We are going through a Section 8 rent arrears eviction and are on month 6 now and counting.
I was issued a S21 eviction for rent arrears when I was mistaken for tenant in same borough with same name . Court costs etc I’ve paid £8,000 back in six years . I’m a full time carer on UC . My housing costs were paid direct yet they still say I had arrears of my own aswell !!
As a renter I agree we need some more rights but now they’ve basically giving nearly most rights to the renter . As a result even more landlords will sell up. You need a balance. When it comes to hardships for renters maybe if the government gave sick pay compulsory, gave a liveable amount if you lose your job and banned zero hour contracts it would hopefully eliminate most tenants not being able to pay the high rentals. I blame it on the government.
Operation scatter will take all these rental properties. Serco are middle man £100 per room per night 7 year contract!! This is why they are doing this !
You know it 😂 . You should be able to give the tax rate as a discount to a tenant. By taxing more you have to charge more . I’d gladly pass that to the tenant
Government backs massive Build To Rent investment by global finance firms ... www.lettingagenttoday.co.uk/breaking-news/2024/09/government-backs-massive-build-to-rent-investment-by-global-finance-firms/
The property market is broken and has been ever since Thatcher decided to allow council to sell of there housing stock. We need more council properties and affordable. Is it far and reasonable for a Asylum seeker to put into a property where we have so many homeless people on the streets.
My tenant left today. I ended the tenancy, it’s for sale. My last one. Had 3. Selling my last one. My friends doing the same. No one I know keeping, or buying anymore
I'm just outside London and I was forced to register as a landlord with my local Labour council about 4 years ago. It's free at the moment but I'm wondering how long it will be before they turn it in to a money making scheme.
I rent 4 rooms in my big house. I also live downstairs in my converted comfortable garage which is connected to the house by a door. When I advertise my rooms I never say 'tenents'. I ask for 'lodgers' on a month by month let agreement. This suits them because they can up and move quickly.
They push private landlords to better there properties great. However council property from what I’ve seen is frankly appalling. My sister in law lives in a council house in Birmingham, the kitchen was felling apart so she had to purchase a second hand kitchen and the family helped fit it. The front door posts are crumbling away so she cut them off herself.before they fell down no maintenance what so ever.The kitchen pipework is from the 1940s the toilet has the original barn style gate with latch on it from when it was built in the 1930s. All frankly should have a complete refit but no the labour led bankrupt council just keep taking the rent money.
@4:35 ... OMG another disaster in the making. We have our EPC rating at D despite adding secondary glazing. We asked why it is still D and were told it is because of the thickness of our external walls !! . HELLO !!! We are leaseholders not freeholders. THERE IS NOTHING WE CAN DO ABOUT THE BUILDINGS' EXTERNAL WALLS !!!
I have just contacted my agent informing them I wish to issue a Section 21 to my tenants and sell the property. With these potential changes, the abolishment of Section 21, The EPC level C, the hardship test, Capital Gains etc., it's just not worth the risk. It's not my responsibility to house people, especially if they just decide to not pay the rent. With the added mortgage interest rates it's just not worth it anymore, I could put the money from the sale in a fixed rate interest account and make more. Plus I will be able to sleep a lot more soundly at night knowing I won't be continually hassled by tenants who moan about condensation, yet never want to open windows and dry their clothes on the radiators. Good luck labour with housing all these people who are going to be evicted!
Let's hope so. That might encourage our government to return to building council houses and start reversing the horror of Thatcher's right to buy idiocy.
Homelessness is the responsibility of goverment. Enacting policy and legislation to reduce is is the job of goverment. Thats exactly what there doing. Section 21 has shifted the power balance to far in the landlords favour and left tenants totally at there mercy.
It's getting too risky investing in rental properties. Landlords will be selling up and moving on! Creating even more of a shortage in rentals. You can't make this $hit up!
I wish somebody in the gov would have read a lovely book called Economics Facts and Fallacies.. it goes over rental control and so on about the rental market among other things……i bet if somebody would have read that none of this nonesense would have come about
Both Tories and Labour have had the same basic policy for the last decade - making it difficult for small individual landlords with a view to the PRS being the playground of big corporate landlords only. Personally I am not too worried about the loss of s21 - the hardship test however scares me. The tenant may well suffer financial hardship by being evicted but if they are not paying rent then so is the landlord. This proposal is nothing more than paradise for bad tenants. As for the EPC C requirements, this first requires that the EPC system to be fit for purpose. Personally I doubt it will be a problem to find a couple of builders who will provide quotes that exceed the maximum spend laid down in the law
This "hardship test" seems insane. So the tenant doesn't pay the rent, then when you finally try and evict them the hardship tests mean that they get to stay? What happens then? Are private landlords supposed to act as charities and effectively let their properties for free? What a joke. A typically ill thought out idea dreamt up by some metropolitan university MP that's been in the political system all their life.
Well said, @justinstephenson9360. Landlords shouldn’t be overly worried about the removal of Section 21. The focus should be on ensuring the court system can cope and strengthening Section 8.
Owning a studio flat I rent, I asked an agent to sell the property. They stated they have been inundated by small landlords wanting to sell. My biggest concern being if I wanted to sell, paying 40% CGT - but could I set up an LLC and then sell the property.
But you will be deemed to have sold the property into the LLC, so will pay the tax anyway. Same with putting property you already own into a limited company. You can only have protection from tax if you PURCHASE the property through an LLC or Ltd company day one.
Fine they can have all that and I’m a landlord…by the way I will put there rent up £1000 a month for this…so will every landlord or we sell and leave the country even more messed up than it is now.
My toilet is going to fall through the floor,,have told the landlord loads of times,,loads with text proof,,no draws in the kitchen,,mould in bedroom and kitchen, am private,,been here 14 years and its been like it the whole time ,i wash the mould off ,,ive jade a cutlery draw,,😅,,but worried to push incase told to go..😮 can i do anything? Help
I am not sure if it is legal but i would just pay less rent to the value you think it is worth until it is all fixed. Hopefully new rules will mean rent is always subject to change downwards and landlords will only will be paid full rent each month if everything is working, no mould etc EVERY MONTH. So essentially every month's rent has to be earned by the LL and any faults will be deducted each month 👍 Also, any houses not meeting insulation standards etc get say 50% reduction in rent until it is sorted or the equivalent extra the tenant has to spend on heating for the defective house/ flat etc.
Im polisch i am thankfull what i got from uk ...but this country is going to 💩💩💩after 20 years i am going home my house is there all ready ....uk is not safe anymore and this new government....OMG😢😢😢
Or they just can't find places to rent because landlords are fleeing the market. And before anyone comes for me saying that they can just buy a place - what about all the young couples, professionals, or people in between that don't WANT the permanence of buying?
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Suggested Videos:
The Short Term Rental Collapse! - ua-cam.com/video/_bHV9O1qdDo/v-deo.htmlsi=-EjmKY00YH7OhPyF
So if a landlord has a mortgage to pay and you dont get income from rental income, the bank doesn't care still require the money, this is not make sense at all you wanna protect tenants at the expense of landlord? absolutely ridiculous
I am selling my small flat in London. It was rented all the time to young foreigners coming to get experience in London before going back to Europe. But now I am done. Not sure where these young foreign tax payers will get lodging in the future. Will invest in worldwide trackers and foreign bonds instead. And leave the Uk if things get insane. Am oldish but still mobile.
@@franglais-riders you right, getting ridiculous
Yea but government will never blame themselves will they
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
this sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Homelessness is the Governments responsibility, not the responsibility of small private landlords. Homelessness is a complex social issue that deserves the full attention of Government because it encompasses not just housing but poverty, health, employment, skills, education etc.
And the government is doing something about it by stopping you making more people homeless. Sorry that you don’t like democracy.
But that's socialism. You can't possibly be advocating that, can you?
Homelessness is the responsibility of the homeless. I, and therefore my tax dollars, have no responsibility to make sure nobody ends up homeless. My responsibility is to make sure me and family aren't homeless. Full stop. The whole "gOvT hAs To sAvE tHe HoMeLeSs!" crap is what got us here in the first place.
Charities are for helping the homeless. Not governments.
@@ch3nz3n Can you tell me what your tax dollars are for, without telling me what they're not for, Mr America.
@@grimsbyhackney479 Did you type that or did your keyboard have an abortion? Say that again but better so that people who actually speak English can play along.
The issue is that either the renter or the Landlords must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 90% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.
@@williamDonaldson432 I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 2 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
"you will own nothing......and pay us for everything" quote from liebour 2024.
...actually it was not Labour, it was the American Goldman Sachs the jew firm that said it originally. They helped the Globalists get Nestle company.a few years back.
You will OWN NOTHING, you will GO NOWHERE, you will EAT ZE BUGZ and be happy.
At what point did they say that?
@@ASHEN_ONE_GAMESindirectly 🥴
@@gohrt9139 so they never said it !!
Sounds like early steps to "You will own nothing and be happy"
Been there for ages. Getting happier
@@thepm3972 that cool if you want ,but we must have a choice
More like a state of delusion as we won't have a choice
@@thepm3972You better wear that fixed smile or else
Sounds good
Big government doesn't like small private landlords. Theyll regulate until the sector is large commercial landlords which will want to gain regulatory capture.
Starmer is a bloody disgrace he's a greedy money grabing hipocrit and is racial to the white people in this country
It’s the same with the care industry, they’re getting rid of small care companies who give great care for our elderly and disabled. They want the big guys getting all the government money, the big companies are bringing in cheap Labour who don’t speak English and our elderly can’t communicate with them!
Exactly. The rental market is going to end up the same way as the utilities industry - the big players running a "too big to fail" cartel, where they can do what they want, and the watchdogs/regulators are corrupt, because their next career move is with those same utilities. And of course the tax payer gets to pick up the bill when it goes horribly wrong. If anyone thinks rents will be lower in that scenario I have a bridge I'd like to sell them. Glad I got out of BTL when I did...
@@CaldonianDude Lloyds Bank told me in 2020 that when they become landlords tenants will have very little privacy and control as the bank will know everything about them and make them do what they want. Everyone laughed at me then when I tried to warn people but look whats happening now.
@@privateprivate2421What's happening now? Still, none of your wild predictions came true?😂😂😂😂
Renters must look forward to huge rent increases and fewer available properties.
That’s it in a nut shell and when a fund owns the property you are screwed big time.
rubbish
@@NicholasRoss-l7u With metronomic rent increases every single year.
@@PB111627already had those in all fairness. My rent was £750 a month in 2019 and as of January this year is £1030
And that’s why anyone who knew Labour parties history never voted for them.
😂😂😂😂😂😂😂
Has worked wonderfully hasn't it?
You brutish brexiteering mugs!!!!
Accidental landlord here. We have tenants who are unable or unwilling to pay - and everything is stacked in their favour. We're thousands out of pocket with no real end in site. If you want to put rules and regulations around renting, MAKE THEM FAIR FOR ALL PARTIES! We bent backwards for our tenants...
So to clarify, any issues raised were dealt with immediately. We did not regularly raise the rent as it covered what we needed it to.
As for some of the comments below, absolutely bad landlords need to be dealt with. The point I was trying to make was, so do bad tenants. I'm not here to be a charity. I'm not here to prop up Government failure to address housing. I just happen to have a single home (my first) that I ended up renting out.
Not all landlords are good, some are the very very nasty indeed, and that’s putting it mildly, blame the rogue nasty ones.
Why should he blame nasty landlords, when it's the tenant who refuses to pay??
@@flyinyamaha it’s the Nast nasty landlords that cause the good landlords problems and some of them are like a pack of wolves very nasty that’s why good landlords suffer, there are bad tenants but the balance is way in favour of landlords section 21 used to throw good tenants onto the streets, complain about mould section 21 the nasty landlords have abused the imbalance of power for to long and MP landlords voting on legislation as landlords conflict of interest, there’s good tenants there’s good landlords and the opposite however it’s time to rein in the abuse of nasty landlords simple .
@@billygnasher But for the the guy above, it's simply the tenant not paying. That's no reflection on him as a landlord (we assume). I had a 'family friend' who took me for several thousand claiming council were not paying her. Did everything she ever needed resolving with professional tradesmen. In the end I paid her £1500 to leave.
Looks like small landlord out, blackrock in. Klaus Schwab will be delighted.
KWEER STALIN one of Klau$ and 0ld $ausag£ Fing£r$ placed puppet-gimps
And banks like Lloyds.
Neither are morally right. Young people shouldn’t be faced with the choice of paying for someone’s retirement plan through extortionate rents or paying large corporations’ share holders.
@@suzannesmith4513I thought it was supply and demand
@user-gk1nt6sm2z yes, naturally some landlords will exit and yet, Six in ten landlords (60%) cited the ongoing demand for rental properties as a key factor in their decision to actually grow their portfolios. and yes, the big corps are with the B2R
If you are a landlord, sell now far less hassle.
That's what they want us to do!
@barneyclifton6402
R u selling, I would let someone else take the strain.
@@paulmartin6249 nah tbh I think my tenant is gonna be the dream. I don't think I've anything to worry about with her.
@barneyclifton6402 Well, if you only have 1 property, it's not such a problem. More rubbish to come though from Gov.
Section 21 needs to be left alone. It's not needed. No Landlord gets rid of a good tenant who looks after their property and pays rent on time.
Section 21 is often triggered when landlord wakes up one morning and decides he wants 30% more from same tenant but does not want to pull single penny into improving the property. EPC D is pretty washed up old house, a literal barrack but because of house shortage the tenant has to agree to live in it because there is no choice
@@nikolaimiroshnichenko2689 You make a good point and what you say may well be the case with some unscrupulous Landlords. However, you can't suppress the free market. Now especially as the past year or two has seen rents normalise, it could be argued that if the true market value is 30% higher should'nt a tenant be thankful they've been paying 30% less?
My second point is: have you ever wondered what happens to Tenants from Hell who have wrecked the property, caused anti social or intimidation problems with neighbours and have cost their Landlord thousands of pounds in legals, Court fees, damage to property, bailiffs etc? Where do you think they go? Probably straight to some other poor unsuspecting Landlord because Landlords have no way of checking. The Gov talk about a Register for Landlords- I say what we actually need is Section 21 and a Register not for Landlords but for Tenants.
@@johnmore4155 well what you suggest is that diligent tenants pay the landlords' losses they incur from bad tenants. This is not how it should work. In fact, landlords have some means of checking (not ideal of course). They ask for recommendation letters from previous landlords (at least this is what I faced).
The prices for real estate and therefore rents in the UK are insane - compared to almost any other country where I lived, probably second to some posh areas of the US such as California or NY.
You can't compare normal day rents with that insanity that was happening during Covid and day tenants should be grateful they are paying less than during lockdown. I still believe landlords extorted quite a bit of money taking advantage of extreme measures but this is already in the past.
I'm generally in favor of free market however the primary role of any government in any country is to see that free market does not tilt unfairly in favor of one side getting monopolistic (or in this case - oligopolistic). Landlords take advantage of poor govt policies and shortage of houses - therefore they don't like Labour plan to build 1.5m new houses, because tenants will have more choices and prices will have to go down. Current situation when you have 10 viewvings in a property which has been put on the market 24 hours ago - is just insane. It promotes bidding, price increases beyond fair level and worsens the position of tenants which are now percieved as cash cow with no rights
Well said.@@nikolaimiroshnichenko2689
@@nikolaimiroshnichenko2689been watching tomuch mainstream media
It’s been proposed that a landlord cannot refuse pets. It’s my house, I’m paying the mortgage, I paid for the carpets and curtains, if I don’t want pets then I don’t want pets.
If there's a mortgage on it, it isn't *actually* your house; it belongs to the bank.
Those smaller landlords will sell up and move away from the sector. Who'd be a landlord?
My brother sold up his let out property and bought 2 holiday let properties abroad.
@@cyberhead243 Good idea.
Good, more land for the state to have an distribute the needy.
@@Ternalin Ha ha ha. Property you mean? As for the needy? British needy? Or those just arriving needy?
@@TernalinNeedy ? Like illegal immigrants?
Kier, Kier remember the law of un-intensional consequences. Because I can see one leering round the garden fence at you.
KWEER STALIN the F4b!4n F4sc!$t - hehehee, he's push hard for both sides of that coin of evil.
I currently rent out a house and our tenants are moving out this year and I’m selling property as I have had enough of all regulations. Also with the capital gains tax being changed. I think they will shoot themselves in the foot and there will be far less private landlords about causing further homelessness.
Or to put it another way. You can't make easy money anymore because you will now have to take responsibility for making sure that your rented housing is fit for human habitation! And you are also clearly angry that you actually have to pay some tax on profits you made which didn't involve any actual work
@@keldsleepnot7961 your making a lot of assumptions. For a start my house is perfectly fit for habitation I have done all certifications etc. my tenants were very happy in house only moving out as they inherited some money and moving up north. I do pay tax on profits every year and they money I make after paying out for everything isn’t that great. My tenant has had lots of people asking him if we are re letting house he’s told them no.
This property was our family home up until 2018 when I had to move in my parents house after my dad die to look after my mum who had Alzheimer’s . I had to give up work and we rented the house for a bit of income.
@@keldsleepnot7961ignorant view. Prices will continue to go up as landlords leave the market.
@@karenconway6061 yes same old story...people always think landlords are in it for easy money..put your money in the bank at 4% some tenants deserve to be out on the street.
@@giogio4833 Thankyou x
This is a huge concern, as tenants can potentially rent a house for free for 18 months before they are evicted.
This new government needs to go
But it has just arrived !
Theft from landlords is already legal. I am out 6 months rent and waiting. No idea how long it will take to get them out and I will never get that money back. Government policies NOW allow people to ride the backs of private landlords. What is coming next is EVEN WORSE
I am a small landlord. My tenants do pay rent but do not look after the property. I let the estate agents manage my two rentals and yet despite visits describe the state of one as tired. It was immaculate when they moved in. I do not like to make tenants homeless but have asked for photos of the interior rooms to be taken. I then may move in myself, after notice is served, or else allow them to stay. The state of the exterior, piles of dog shit, broken back door and meter cover and overgrown drive, tinder dry fence, hedge reaching heavenward made me nervous. Of course it is a kick in the guts to a seventy year old who worked hard to make retirement easier, with no state help at all, now seeing those on pension credits stress free with a lot more help. I only saw the dreadful neglect due to getting a new door for the house for them. The last new back door had already been kicked in as I also spied through the dry as soapboxing fence at the back.
I am very sorry to hear this I hope it gets better for you soon
But that should be tenants liability. You have the deposit to cover the repairs and this can hardly be called "no fault" eviction, right?
I've stopped renting my property out due mistreatment of property and non payment of rent. Evictions taking 6months to year etc.
Was thinking of renting out again but unlikely now
Don't rent again it's a nightmare
Section 21 helped me get social housing. I was in private rental and the landlord served me a section 21, as a disabled person I went to the council and on the day I was evicted under the section the council had to accept I was homeless and that meant they had a duty of care to me and eventually after 18 months in temp accommodation I was able to get housed. If I had left on my own accord I would have been deemed to have made myself homeless and not eligible for any help.
My friend paid £7000 in legal fees to remove a tenant who knew perfectly well from the start the contract will not be extended beyond a year and was legally informed of this. My friend rented his home out as an interim measure before he sold. My friend had moved out to be with his new partner.
Well he paid for a very expensive solicitor, did no one tell him you can do it all on line yourself for under £1000, I just evicted a tenant of mine took me about 6 months
Then your friend is incredibly stupid.
@johnwhite2293 are you able to please share the link
This is the real life that kier stalin does not understand
Redistribution of wealth is underway. They will squeeze anyone they perceive as being slightly affluent even if you have worked hard and sacrificed all you life to achieve personal, monetary security and I am not talking vast wealth. The removal of the winter fuel allowance is more about getting pensioners to downsize especially if CGT is put on first homes. This is not a government for the people who have made their own way in life and not taken from the state.
Shame on those who voted for this government. "If I'm not well off, no one can either " like screw the whole lot of you!
I'm sure a lot of retirees would downsize.. If there was enough smaller properties Available.
@@jillhargrave-george4510 Not necessarily, many have very strong links to their family home and hope to leave it to their children if they have any. Also some can’t face the upheaval and don’t want to leave their local community and services. There is a lot of comfort in familiarity.
Yes, what you're describing is Socialism. This is about discouraging private property ownership as part of the current Socialist takeover of the West that we are witnessing, led by ruthless Reds like Starmer. When his Masters at the World Economic Forum say: 'You will own nothing' the implication is clear - _'because WE THE STATE will own EVERYTHING_ and you will have to hire/rent everything'.
Enterprise is finished under Labour, any young people out there, go work for the public sector if you want an secure well paid life and pension
You do realise, I hope, that " work" in the public sector has a completely different meaning than in the private sector.
@@ubaldobezoari8652 I sure do, a completely different meaning
I'd rather not have to sit through presentations about pronouns and white privilege.
I don't see how disincentivising rentiers would have that effect. A big problem with this country is that you can earn money too easily by owning stuff in this country and it is really hard to make money by actually doing something useful.
@@daveansell1970- If you demean investors as mere rentiers, then where would any business get finance from? The businesses that provide every bit of goods & services we need. The businesses that provide you with employment in the private sector, or generate the taxes to provide you with "employment" in the public sector.
And where would you get any return on your savings & pensions to pay for your post-work life, when you effectively become a rentier by default?
And since when was taking a risk of losing your investment, as well as potentially making money from it, an "easy" proposition? No-one in employment, not counting the self-employed, carries any such risk of financial loss by doing their job. There is no "easy" in a competitive world. And without a competitive world, there is no reward. Risk & reward go together.
Finally a potential 'end' to short term let's 🎉
All these new policies is good for who ,not the tenants,and not the the landlord!
was going to buy a rental property ,wont bother now
Why not? Forget about what solicitors tell you, they are very often wrong but never hold their hands up, it's your property let to a tenant under your terms, If they don't agree with your terms they can leave.
Wise move, the whole situation in the UK is turning into a total sh1t show. I sold my rental properties because it just stopped being worth the hassle.
@@Norfolkbiker50there will not be any 'your terms' ..it won't be worth doing it simple as that.
@@ph5056 won't it? I've been letting a property for 10 years, I've never used a solicitor, I've never used an agent and my tenant knows exactly where he stands, in 10 years the rent hasn't been late even once.
@@Norfolkbiker50 landlords are about to be stuffed..I've already sold my places. Look up ' 5 new labour policies for landlords '
If you destroy the private landlord you will end up with more homelessness and hardship! Private landlords provide a service that can never be replaced by governments!
Fair enough. The high. Rent. Especially. It. Just a room. They say it flat No. it not One. Bed rom flat. Greediness. Doesn't pay
@dawnbryan8102 come on tell us why rents are so high
Get a real job.
Not forgetting that banks will get into btl ,and the best is ,they'll be raising mortgages on said properties to THEMSELVES!!!!SCARY !!!
They already have you just didn't notice. Loads of build to rent around by me brand new homes just for rent you can't buy them.
Oh theve only just started,wait until they REALLY GET GOING,
That is why British people look for properries elswhere in Europe...and for less in comparision to properies in the UK, especially in the capital..
Houses in uk r cold cold again cold coz bricks only without any insulation...old windows too.. All heating going out thru old windows and cold walls...🤦
Please don't emigrate to Europe and price the locals out of affordable housing. They're getting pretty sick of British immigrants destroying their country
Why anyone wants to be a tenant is beyond me, this is all done to smash small mum and dad landlords. The likes of Blackrock and Lloyds bank will come in and Hoover everything up.
The EPC is the most insidious, the day will come when mortgage companies will refuse to remortgage your house( how many people are in fixed term) unless you meet a minimum of a C rating.
That will mean repossession of rental and private homes and more homelessness.
My advise, try and pay the mortgage up or sell and get a smaller house with no mortgage.
Don't think anyone wants to be a tenant! I owned a flat before. I would have rather just stayed with my my dad. Being a tenant has been the worst thing ever. Think I would rather live in a tent.
@@chrishart8548 What about a boat. If I was starting out that`s the way I would go even tho they are putting prices up for boats.
@@damianbutterworth2434 I have always been thinking about a boat. I've been out on boats a few times there is something very relaxing about being on the water.
So how would you incentivise landlords to improve the energy efficiency of their houses?
I guess you could say that if it is less than B it is illegal to rent it out without energy being inclusive.
The worst thing about the EPC is that they won’t take any evidence that you have insulation in place. So put up plasterboard and they won’t take your word or evidence. Pathetic.
I can see a spike in tax evasion in the UK.
I can see a spike in prison spaces for tax evasion then :)
@@Ternalin they won't have the room if they don't invest in prisons
@@Ternalinthey’re filling the prisons with political prisoners
I have got two rental properties that are let out, both with mortgages.
Last year it took me 10 months to evict a non paying tenant and I’m still left with a debt of over £8k that I’m not going to get back. Plus another £5k to tidy up the hell hole they left me with.
I’m going to save myself a whole lot of grief and sell both of them. Sorry tenants it just doesn’t stack up on paper anymore.
Could call police for this tenant...kick him out?
Police not allowed to get involved
@@susanrainville7834 🤦♂️
The BTL house next to mine is up for sale. The owner can't make it pay and doesn't want to be further disadvantaged by the Labour government. By my reckoning, the house price is about nine times more than the salary of the last tenant. Guess what's going to happen to rental availability?
I don't get how if you're a private landlord in the UK. You haven't exited and invested elsewhere. It just seems so risky.
I am beginning to offload properties. Both Labour and Conservatives are being controlled by corporations and eager to eliminate the small private Landlord with legislation.
@@jonh7054 I am using lodging as a way to have cash flow and be tax efficient.
The tenants can be evicted more swiftly and can be replaced soon if needed. Win-win for everyone paying their dues and me.
Just can't live off it as a full-time landlord. I think that time has passed and will never come back.
That’s exactly what I did 5 years ago, tenants know they are untouchable and can legally walk all over you
It only goes one way and if you want to know what that looks like look over the pond. You can't stop the consolidation at that level without major effort. Another one for the "I told you so pile".
When homelessness goes through the roof under this stupid government, they will wish that they hadn’t got involved in some of these regulations because I will decide what and when I dispose of any of my properties.
These governments make a bollocks of everything.
How should this trigger homelessness? Imagine you are a landlord. Will you remove property off the market and make zero money on it? Or accept some extra cost and continue earning but less?
Nuisance tenants cause problems for renters in adjacent flats. Section 21 has been a very useful way of getting rid of trouble makers in a block where I am a (voluntary) director. This is about renter/renter: the landlord isn’t the problem, the landlord is an essential part of a solution. Labour (as always) think in terms of envy with landlords being the bad guys. In my bitter experience the bad guys are renters who don’t behave appropriately, and those renters should be subject to a rapid penalty because of the nuisance they cause. The court system is far too slow.
Its like all new business policies, only made to get rid of the little man in favour of the big man. Nothing changes really ✌️🇬🇧✌️
You are starting to get more profit not even renting a house out. Best just to leave empty and go with the gains
@1:25 ... "the court system is an absolute shambles " is an understatement. We are going through a Section 8 rent arrears eviction and are on month 6 now and counting.
this is unfortunate and yet common, what we are seeing is more investor being very particular where they buy and what type of tenant they attract .
Tenants should be nervous too, where they live when landlords have had enough and sell off their properties?
And the bill will go to the renters
I was issued a S21 eviction for rent arrears when I was mistaken for tenant in same borough with same name .
Court costs etc
I’ve paid £8,000 back in six years .
I’m a full time carer on UC . My housing costs were paid direct yet they still say I had arrears of my own aswell !!
As a renter I agree we need some more rights but now they’ve basically giving nearly most rights to the renter . As a result even more landlords will sell up. You need a balance. When it comes to hardships for renters maybe if the government gave sick pay compulsory, gave a liveable amount if you lose your job and banned zero hour contracts it would hopefully eliminate most tenants not being able to pay the high rentals. I blame it on the government.
You speak a lot more sense than most of these lefty politicians. Why aren't people like you in politics!? Smh
Operation scatter will take all these rental properties. Serco are middle man £100 per room per night 7 year contract!! This is why they are doing this !
Im sure Blackrock and Vanguard will be much more understanding landlords than some local person who managed to buy a property or two.
You know it 😂 . You should be able to give the tax rate as a discount to a tenant. By taxing more you have to charge more . I’d gladly pass that to the tenant
Government backs massive Build To Rent investment by global finance firms ... www.lettingagenttoday.co.uk/breaking-news/2024/09/government-backs-massive-build-to-rent-investment-by-global-finance-firms/
The property market is broken and has been ever since Thatcher decided to allow council to sell of there housing stock.
We need more council properties and affordable. Is it far and reasonable for a Asylum seeker to put into a property where we have so many homeless people on the streets.
My tenant left today. I ended the tenancy, it’s for sale. My last one. Had 3. Selling my last one. My friends doing the same. No one I know keeping, or buying anymore
I agree
They should encouraging landlords not the other way round
I'm just outside London and I was forced to register as a landlord with my local Labour council about 4 years ago. It's free at the moment but I'm wondering how long it will be before they turn it in to a money making scheme.
Probably not that long, my local authority has a mutual exchange register, if residents want to put their names on the register they now have to pay
In Wales you have to do this, and also take mandatory dieversity awareness courses.
I rent 4 rooms in my big house. I also live downstairs in my converted comfortable garage which is connected to the house by a door.
When I advertise my rooms I never say 'tenents'. I ask for 'lodgers' on a month by month let agreement. This suits them because they can up and move quickly.
The PRS is finished
Sell up while you can.
They push private landlords to better there properties great. However council property from what I’ve seen is frankly appalling. My sister in law lives in a council house in Birmingham, the kitchen was felling apart so she had to purchase a second hand kitchen and the family helped fit it. The front door posts are crumbling away so she cut them off herself.before they fell down no maintenance what so ever.The kitchen pipework is from the 1940s the toilet has the original barn style gate with latch on it from when it was built in the 1930s. All frankly should have a complete refit but no the labour led bankrupt council just keep taking the rent money.
I inhereted a house was going to rent it out but i sold it. Did 50/50 split in s&s and brought gold for security.
Good video
Taking me to the one above and also in the description.
I started selling up I’ve told my tenants to leave a few years ago, let the government home them.
I have two friends that are being booted out because the landlords are selling up.
Boo hoo
@@v1sionary100 don`t worry the council have to house them taking homes off illegals.
@@damianbutterworth2434Unfortunately not any more they don't.
@@laviniasey I was winding the nasty person up boohooing. One has another house and I`ve not seen the other lad yet.
Outside investment will stop. People take risks and lose on investments.
Any good news. Is this one of the worst country's now in Europe. How to stay poor live in uk
Ya'll be happy earning nothing owning nothing WEF sponsored totalitarianism 🤑
now the Marxists are in, it really can get worse
Yeppp i am going back to Poland....
No point being a landlord now. So they stop being landlords, less properties to rent means higher rents and more homelessness
100% hit the nail on the head. More youngsters living with their parents - and they wonder why the younger generation are swinging hard right.
@4:35 ... OMG another disaster in the making. We have our EPC rating at D despite adding secondary glazing. We asked why it is still D and were told it is because of the thickness of our external walls !! . HELLO !!! We are leaseholders not freeholders. THERE IS NOTHING WE CAN DO ABOUT THE BUILDINGS' EXTERNAL WALLS !!!
Thinks he wants to sort the knife crime out first
I have just contacted my agent informing them I wish to issue a Section 21 to my tenants and sell the property. With these potential changes, the abolishment of Section 21, The EPC level C, the hardship test, Capital Gains etc., it's just not worth the risk. It's not my responsibility to house people, especially if they just decide to not pay the rent.
With the added mortgage interest rates it's just not worth it anymore, I could put the money from the sale in a fixed rate interest account and make more.
Plus I will be able to sleep a lot more soundly at night knowing I won't be continually hassled by tenants who moan about condensation, yet never want to open windows and dry their clothes on the radiators.
Good luck labour with housing all these people who are going to be evicted!
Landlords will simply sell up and create more homelessness
Let's hope so. That might encourage our government to return to building council houses and start reversing the horror of Thatcher's right to buy idiocy.
Dream on!@@grimsbyhackney479
Corporate state sponsored company's will take over all part of the NWO Technocracy agenda
Trouble is this government will be voted out in 5 years after this weeks events
If the sell then someone buys it and starts living in it. One in, one out. How is this creating more homelessness?
And DSS claimant's cannot be refused now as well!
( They will get legal aid to prosecute landlords,if they are refused the tenancy)
Coming for landlords, farmers and any that voice their frustrations on other matters... kier stalin
Won’t impact me, I kicked out the last tennant yesterday and I’m selling my last two. I have seven at one point
All hot air from Labour, nothing is going to change and I have been a Landlord for the last 50 years.
I was getting a bit worried and was thinking of selling my buy to let, after reading your comment I am going to keep calm and carry on 😅
Agreed, in 2 years we will look back and this will be of no major importance , LL and the market will adjust
@peternorman2563
power through @Lisa-vy4ty
@Lisa-vy4ty and make the necessary adjustments
How many will end up burning down their own properties as a result ?
STAY TUNED !!!
Homelessness is the responsibility of goverment. Enacting policy and legislation to reduce is is the job of goverment. Thats exactly what there doing. Section 21 has shifted the power balance to far in the landlords favour and left tenants totally at there mercy.
It's getting too risky investing in rental properties. Landlords will be selling up and moving on! Creating even more of a shortage in rentals. You can't make this $hit up!
Labour playing into the hands of large landlords such as Blackrock and the banks. Deliberately or incompetence?
It's called Babification. Responding to the wailing milksops by snatching other children's possessions and giving it to them
I wish somebody in the gov would have read a lovely book called Economics Facts and Fallacies.. it goes over rental control and so on about the rental market among other things……i bet if somebody would have read that none of this nonesense would have come about
He wants landlords to sell up to say he’s created more housing.
But he's gonna build 1.5m homes?
@aymachhunt67
I have a tenant who has subletting my property. Earning £3200 pcm while my rent was £1650 pcm.
Both Tories and Labour have had the same basic policy for the last decade - making it difficult for small individual landlords with a view to the PRS being the playground of big corporate landlords only.
Personally I am not too worried about the loss of s21 - the hardship test however scares me. The tenant may well suffer financial hardship by being evicted but if they are not paying rent then so is the landlord. This proposal is nothing more than paradise for bad tenants.
As for the EPC C requirements, this first requires that the EPC system to be fit for purpose. Personally I doubt it will be a problem to find a couple of builders who will provide quotes that exceed the maximum spend laid down in the law
This "hardship test" seems insane. So the tenant doesn't pay the rent, then when you finally try and evict them the hardship tests mean that they get to stay? What happens then? Are private landlords supposed to act as charities and effectively let their properties for free? What a joke. A typically ill thought out idea dreamt up by some metropolitan university MP that's been in the political system all their life.
Well said, @justinstephenson9360. Landlords shouldn’t be overly worried about the removal of Section 21. The focus should be on ensuring the court system can cope and strengthening Section 8.
Owning a studio flat I rent, I asked an agent to sell the property. They stated they have been inundated by small landlords wanting to sell. My biggest concern being if I wanted to sell, paying 40% CGT - but could I set up an LLC and then sell the property.
But you will be deemed to have sold the property into the LLC, so will pay the tax anyway. Same with putting property you already own into a limited company. You can only have protection from tax if you PURCHASE the property through an LLC or Ltd company day one.
Fine they can have all that and I’m a landlord…by the way I will put there rent up £1000 a month for this…so will every landlord or we sell and leave the country even more messed up than it is now.
My toilet is going to fall through the floor,,have told the landlord loads of times,,loads with text proof,,no draws in the kitchen,,mould in bedroom and kitchen, am private,,been here 14 years and its been like it the whole time ,i wash the mould off ,,ive jade a cutlery draw,,😅,,but worried to push incase told to go..😮 can i do anything? Help
I am not sure if it is legal but i would just pay less rent to the value you think it is worth until it is all fixed.
Hopefully new rules will mean rent is always subject to change downwards and landlords will only will be paid full rent each month if everything is working, no mould etc EVERY MONTH.
So essentially every month's rent has to be earned by the LL and any faults will be deducted each month 👍
Also, any houses not meeting insulation standards etc get say 50% reduction in rent until it is sorted or the equivalent extra the tenant has to spend on heating for the defective house/ flat etc.
Pathing way for Blackrock "intervention"
Ask Labour to sort out country s main problem first .
🇬🇧 politicians are landlords too.
Does this rule that the politicians wish to set out affect them also?
they will probably bring in a clause that makes them exempt, corruption at its finest.
Of course not
Im polisch i am thankfull what i got from uk ...but this country is going to 💩💩💩after 20 years i am going home my house is there all ready ....uk is not safe anymore and this new government....OMG😢😢😢
If EPC changes then I won't legally be able to house my tenants. what happens then? They become homeless?
No, you would have to do something finally to your barracks to be able to continue getting your easy money
Authority like criminals go for easy targets.
My advice to any small landlord is sell up and move on, it's just not worth the hassle.
Or........adjust, restructure and scale up to make it viable :-)
Can you do a video saying that S.21 is being called no fault eviction but should actually be called fault no stated.
CGT should be at 45% for all profits from asset sales etc.
Danny, are these labour laws applicable in Northern Ireland....or is this matter devolved to Stormont?
I was going to get into the private rent business definitely not going to now..🤢🤢
More pressures on landlords means increases in rent. Tenants will ultimately suffer even more with higher rent.
Or they just can't find places to rent because landlords are fleeing the market. And before anyone comes for me saying that they can just buy a place - what about all the young couples, professionals, or people in between that don't WANT the permanence of buying?
What about law controlling rising service charge ? . Is it possible to put a limit on it ? .
Can you move in to a BTL that you own, to live in it yourself?
YES THE UK is a new plantation ? has any government created any thing ? railways and India a take over bid , created by investors .
Who is responsible for damage to the house? If you rent it out to someone? I’m only asking a question.
Rental properties are in demand. But instead of making it easier for landlords they're making it difficult leading to fewer properties.
They don’t want people to own multiple properties and will make it far harder to make any money. Time to sell.
If landlords can’t evict bad tenants then less rental properties will be available. Why do the government not see this
Does it mean no more Airbnb? That will affect the travel industry/tourism too.