London rental market booming!!! Rents going through the roof!!

breadlinebetty

http://www.overseaspropertymall.com/regions/european-property/uk-property/london-property/london-rents-rising-steeply-with-high-demand-for-flatshare-and-affordable-properties/


Rental prices in london are rising steeply......for every one room to let there's 8 people chasing it.

It's ironic that the rental costs aren't just paying the landlord's mortgage - they're leaving the landlord with a load of dosh over!

Funny old world......

Thermidor

That's true, rents are soaring in London, including Greater London and parts of the south east. It was bound to happen, demand always outstrips supply and there's a lot of people out there who need a roof over their heads.

tiny_tear

breadlinebetty wrote: »

It's ironic that the rental costs aren't just paying the landlord's mortgage - they're leaving the landlord with a load of dosh over!

Funny old world......

Why can't landlords have, as you put it, *a lot of dosh over*?
It's their business for many and they need to put money aside to pay tax, void periods, fixing the boiler and agency fees.

Why should the rent just cover the mortgage and nothing else? Should landlords subsidise tenants to live in the flats?

Are profits not allowed on a business? Or should it all be a charity?

breadlinebetty

I never said it was wrong. Aanyone would do the same if they had half a chance, and anyone who says they wouldn't is lying

breadlinebetty

I discussed this last night with a friend and he pointed out about profit........I never thought of that. Why not profit from renting out a property? You're doing someone a service.

Gwhiz

breadlinebetty wrote: »

I discussed this last night with a friend and he pointed out about profit........I never thought of that. Why not profit from renting out a property? You're doing someone a service.

Are you on drugs?

breadlinebetty

What, you offering?

Gwhiz

breadlinebetty wrote: »

What, you offering?

You appear to have had far too many already, so no.

Thermidor

What a weird thing to ask.

Back to the topic...............of course landlords make a profit. They're not a charity.

brit1234

Lots of landlords are making huge profits at the tax payers expense. Housing benefit payments have gone through the roof as the tax payer is being ripped off by the landlord. The sooner these rent caps come in the better.

Why should landlords be charging sky high rents when in reality they have been given a massive gift of 0.5% interest rates at the expense of savers. The interest rate cut was meant to plough money into the economy not the landlords pocket.

I wouldn't like to be a landlord though with rising interest rates, crashing house prices, housing benefit cuts, increased investigation, higher other costs, greater tenant unemployment etc.

After all landlords make the biggest proportion of repossessions by group percentage.

socrates

brit1234 wrote: »

Lots of landlords are making huge profits at the tax payers expense. Housing benefit payments have gone through the roof as the tax payer is being ripped off by the landlord. The sooner these rent caps come in the better.

Why should landlords be charging sky high rents when in reality they have been given a massive gift of 0.5% interest rates at the expense of savers. The interest rate cut was meant to plough money into the economy not the landlords pocket.

I wouldn't like to be a landlord though with rising interest rates, crashing house prices, housing benefit cuts, increased investigation, higher other costs, greater tenant unemployment etc.

After all landlords make the biggest proportion of repossessions by group percentage.

Loads of drivel as usual.

You do not want them to make a profit but are happy when rates go up and they will be making a loss.

How do you know what each individual LL's mortgage rates are and if the 0.5% is helping them or not?

Whats your solution?