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  • FIRST POST
    • Former MSE Helen
    • By Former MSE Helen 3rd Dec 12, 11:11 AM
    • 2,324Posts
    • 971Thanks
    Former MSE Helen
    MSE News: Landlords planning rent freezes in 2013
    • #1
    • 3rd Dec 12, 11:11 AM
    MSE News: Landlords planning rent freezes in 2013 3rd Dec 12 at 11:11 AM
    "Nearly two-thirds of landlords are planning a rent freeze in 2013, a survey shows..."

Page 1
    • Percy1983
    • By Percy1983 3rd Dec 12, 11:48 AM
    • 4,941 Posts
    • 7,648 Thanks
    Percy1983
    • #2
    • 3rd Dec 12, 11:48 AM
    • #2
    • 3rd Dec 12, 11:48 AM
    Of course landlords costs are increasing with these low interest rates and everything... oh wait...

    Nevermind, I suppose you can't stop greed.
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    • YoungBusinessman
    • By YoungBusinessman 3rd Dec 12, 1:14 PM
    • 1,226 Posts
    • 3,369 Thanks
    YoungBusinessman
    • #3
    • 3rd Dec 12, 1:14 PM
    • #3
    • 3rd Dec 12, 1:14 PM
    As above, its due to cheap mortgages, that two thirds most likely raised them this year and will in 2014.
    • sablelady
    • By sablelady 3rd Dec 12, 3:53 PM
    • 31 Posts
    • 24 Thanks
    sablelady
    • #4
    • 3rd Dec 12, 3:53 PM
    • #4
    • 3rd Dec 12, 3:53 PM
    I think this has more to do with HB cuts now that payment for rent increases can no longer be guaranteed by the taxpayer. Great news!
    Last edited by sablelady; 03-12-2012 at 6:45 PM.
  • gayleanne
    • #5
    • 4th Dec 12, 5:14 PM
    • #5
    • 4th Dec 12, 5:14 PM
    My sister works in the benefits office, and she has said that the amount of people that are going to be homeless due to the new housing rule, is going to affect a lot of these landlords, because they just won't be able to let. It will be only people that are working, or if there rent is at the value of the LHA.

    When people are on the benefits if they have to make up the rent themselves, they just can not do it. If they have a spare bedroom or a dining room that can be turned into a bedroom that is even more they have to pay. And there are not many with a couple of thousand pounds which is almost as much as it costs to move, IE agency fees, deposit, advance rent. There are thousands of people in the South Wales area, that are facing eviction from private lettings, because they can not pay the rent. Then when they go to the council, the council will not help, because they have intentionally made themselves homeless because they have rental arrears. There are thousands of council house tenants also being evicted due to rent arrears, but the stupid thing is, if they have children, they have to have somewhere to live, so they are being put up in places like travel lodge, miles from the areas they come from, and then the council have to provide a taxi every day to get there kids to schools, so instead of the government saving money they are having to spend out even more.
    • johnbusby
    • By johnbusby 4th Dec 12, 5:28 PM
    • 140 Posts
    • 298 Thanks
    johnbusby
    • #6
    • 4th Dec 12, 5:28 PM
    • #6
    • 4th Dec 12, 5:28 PM
    As above, its due to cheap mortgages, that two thirds most likely raised them this year and will in 2014.
    Originally posted by YoungBusinessman
    Only if the market will support it. There has to be a point where the market will not sustain any more rent increases, whether we are at that point as the minute is debatable but I find it hard to believe that we are not close.

    I do agree with other posters that the impending HB changes will reduce rents across the market (good thing in my view)
    Last edited by johnbusby; 04-12-2012 at 5:58 PM.
  • Turnbull2000
    • #7
    • 4th Dec 12, 9:42 PM
    • #7
    • 4th Dec 12, 9:42 PM
    Only if the market will support it. There has to be a point where the market will not sustain any more rent increases, whether we are at that point as the minute is debatable but I find it hard to believe that we are not close.

    I do agree with other posters that the impending HB changes will reduce rents across the market (good thing in my view)
    Originally posted by johnbusby
    We're probably approaching that level in London and some parts of the SE, but everywhere else, rents still scope for large rent hikes - say up to 50% of tenants earnings.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
    • Sharon87
    • By Sharon87 6th Dec 12, 2:42 AM
    • 3,354 Posts
    • 2,798 Thanks
    Sharon87
    • #8
    • 6th Dec 12, 2:42 AM
    • #8
    • 6th Dec 12, 2:42 AM
    I don't see how some rents can get any higher. Landlords may price themselves out of tenant's affordability, only then will they have to lower rents.

    Housing benefits aren't good in the short term for people who live off benefits especially. But it might help set lower rents in the near future. Although the rule about having a dining room to convert into a bedroom - therefore charging the tenant for an extra room seems to be ridiculous. Some houses can't even convert their dining rooms due to the layout of the house, without a lot of work at least.
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