So are Landlords finished?
Discussion
https://publications.parliament.uk/pa/bills/cbill/...
The final list of amendments to the Renters (Reform) Bill has been published by parliament ahead of tomorrow’s third reading of the legislation, during which each will be discussed and voted on.
Several new amendments have been added which may cause alarm among some BTL investors, while some have been designed to ‘bolster landlord confidence’ as Michael Gove put it recently.
The new ones that will raise eyebrows the most are from Labour. These include banning bidding wars, the latest idea from the party’s shadow housing minister Matthew Pennycook and also prohibiting landlords or agents from insisting on a ‘rent guarantor’, this time from Labour MP Alex Sobel.
Research reveals that approximately a fifth of tenants are asked for a guarantor.
Another somewhat baffling amendment would see student landlords banned from signing up tenants months before the academic year begins, as proposed by MP Paul Blomfield.
And finally, Green MP Caroline Lucas wants to use the legislation to raise the minimum EPC level for all rental properties to a C, a measure Rishi Sunak U-turned on last year.
The final list of amendments to the Renters (Reform) Bill has been published by parliament ahead of tomorrow’s third reading of the legislation, during which each will be discussed and voted on.
Several new amendments have been added which may cause alarm among some BTL investors, while some have been designed to ‘bolster landlord confidence’ as Michael Gove put it recently.
The new ones that will raise eyebrows the most are from Labour. These include banning bidding wars, the latest idea from the party’s shadow housing minister Matthew Pennycook and also prohibiting landlords or agents from insisting on a ‘rent guarantor’, this time from Labour MP Alex Sobel.
Research reveals that approximately a fifth of tenants are asked for a guarantor.
Another somewhat baffling amendment would see student landlords banned from signing up tenants months before the academic year begins, as proposed by MP Paul Blomfield.
And finally, Green MP Caroline Lucas wants to use the legislation to raise the minimum EPC level for all rental properties to a C, a measure Rishi Sunak U-turned on last year.
Edited by Good Plan Ted on Tuesday 23 April 20:14
NerveAgent said:
Careful, landlords are a very fragile people.
Many, sick of the incessant attacks, have got out of BTL. This has caused shortages & rent rises. Ireland is several years ahead of us on this path and is now beginning to realise the consequences of their actions against landlords.The solution for UK is not to continue the attacks.
Biggy Stardust said:
NerveAgent said:
Careful, landlords are a very fragile people.
Many, sick of the incessant attacks, have got out of BTL. This has caused shortages & rent rises. Ireland is several years ahead of us on this path and is now beginning to realise the consequences of their actions against landlords.The solution for UK is not to continue the attacks.
Biggy Stardust said:
Many, sick of the incessant attacks, have got out of BTL. This has caused shortages & rent rises. Ireland is several years ahead of us on this path and is now beginning to realise the consequences of their actions against landlords.
The solution for UK is not to continue the attacks.
Maybe if so many landlords weren’t scummy there wouldn’t be an issue.The solution for UK is not to continue the attacks.
The whole thing should have regulatory oversight rather than any other messing around. Licences to be a landlord with revocation if standard fall below acceptable levels.
NerveAgent said:
Biggy Stardust said:
NerveAgent said:
Careful, landlords are a very fragile people.
Many, sick of the incessant attacks, have got out of BTL. This has caused shortages & rent rises. Ireland is several years ahead of us on this path and is now beginning to realise the consequences of their actions against landlords.The solution for UK is not to continue the attacks.
gotoPzero said:
How is she not a risk to the public given she glassed some random bloke in the face?
Virtually any woman can be a mother, so what?
Virtually anyone can work a job, so what?
We are way too soft these days. Everyone is seen as some sort of hero or special person for doing just normal day to day stuff.
Was she a landlord? Virtually any woman can be a mother, so what?
Virtually anyone can work a job, so what?
We are way too soft these days. Everyone is seen as some sort of hero or special person for doing just normal day to day stuff.
Dingu said:
Maybe if so many landlords weren’t scummy there wouldn’t be an issue.
The whole thing should have regulatory oversight rather than any other messing around. Licences to be a landlord with revocation if standard fall below acceptable levels.
I think the scummy tenants massively outweigh the scummy landlords- as an example, how many decided that covid restrictions on eviction meant that they didn't need to pay rent?The whole thing should have regulatory oversight rather than any other messing around. Licences to be a landlord with revocation if standard fall below acceptable levels.
Licences are simply a mechanism for local authorities to make money- the licences fund a few inspectors to make arbitrary decisions often based on whim rather than law but the bulk of the money goes to funding the LA's vanity projects.
Facts are indisputable- LLs are leaving the market due to government attacks in the name of 'helping' tenants. (I'm one of them, btw) This is causing shortages & driving up rents yet the government feels that more of the same is the way forward. Later they will complain that these foreseeable consequences were totally unintended and the b
d LLs should be penalised for allowing the problem to happen. It's already happening & people such as yourself are joining in with the "scummy landlord" schtick.eta- "Regulatory oversight"? Really? Did you fall for Corbyn;'s lies that it was an unregulated sector? At last count there were over 110 statutes & over 400 regulations related to the sector. Last count was a few years ago & I doubt there has been any reduction in regulations. Rules & regulations are one area in which there is no shortage, although they seemingly only apply to LLs, not to tenants.
Edited by Biggy Stardust on Tuesday 23 April 21:02
Biggy Stardust said:
NerveAgent said:
Careful, landlords are a very fragile people.
Many, sick of the incessant attacks, have got out of BTL. This has caused shortages & rent rises. Ireland is several years ahead of us on this path and is now beginning to realise the consequences of their actions against landlords.The solution for UK is not to continue the attacks.
White-Noise said:
It's a serious problem. Landlords are moving out of the rental market increasingly due to the changes being made and its helping push rents up. Folks can't afford to rent let alone buy. A lot of people are not laughing on both sides.
Agreed, but a solution has got to be found, personally think a lot of the problems are rooted in the Thatcher years and the great sell off. Downward said:
Less hopefully.
That’s a pretty naïve view.Ben Beadle, the chief executive of the National Residential Landlords Association, said the government’s proposals were “spooking the bejesus” out of his members. If implemented they would force even more landlords to quit, further reduce the size of the private rental sector, and prompt higher rents for tenants.
As reported in that well know capitalist rag, The Guardian.
The answer is we need to bring down house prices.
We need to build more. Proper development plans with appropriate public infrastructure.
We need to regulate and set stringent standards of upkeep on homes for let.
We need to tax corporate ownership of housing properties more. Tax exemption for co-operative housing societies that operate on a not for profit basis.
I don't think we'll get anything like that, much as I wish Labour would.
I think assets will continue to be bought up by the very wealthy, and there will be very little ownership of property by the middle clases down.
We need to build more. Proper development plans with appropriate public infrastructure.
We need to regulate and set stringent standards of upkeep on homes for let.
We need to tax corporate ownership of housing properties more. Tax exemption for co-operative housing societies that operate on a not for profit basis.
I don't think we'll get anything like that, much as I wish Labour would.
I think assets will continue to be bought up by the very wealthy, and there will be very little ownership of property by the middle clases down.
You should get tax relief if as a btl landlord you build the properties yourself. Ie increasing the supply with converted offices, buildings and or plots.
Landlords all claiming "i provide a much needed service is bks imo. most people renting would be happy to buy a place instead of paying rent.
You would likely also see an improvement in the economy and or quality of society as a whole as if you have a stake in society you are more likely to care and or be more productive.
Obviously people need short term rentals for students, short term jobs etc.
Landlords all claiming "i provide a much needed service is b
ks imo. most people renting would be happy to buy a place instead of paying rent.You would likely also see an improvement in the economy and or quality of society as a whole as if you have a stake in society you are more likely to care and or be more productive.
Obviously people need short term rentals for students, short term jobs etc.
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