Scumbag Developer LL's and Lettings Agents

wifeforlife

Greed wrote:

All the more reason why 1 normal wage should be able to afford 1 normal house. It should be a basic human right.

I agree, I just want to own a home, not make money, not climb the so called 'property ladder' just a home for myself and my dd. Instead I'm stuck renting a property as where I live and I must say this is just my locality, all the big landlords have a monopoly on the housing market

Cath

mr.broderick

Been a lot of posts recently regarding people selling their home and renting properties in the wake of an imminent price crash, this thread cements my view that id never rent, nothing against people who have no option mind.Happy new year to every one by the way.

btloptingout

Gorgeous_George wrote:

I know neither the LL nor his motivation. I do know that BTL is not a get rich quick scheme.

I also know that house prices are high and that by increasing the number of houses available, the upwards pressure on prices will reduce thereby benefitting everyone.

I have a friend who once owned a pawnbrokers....it's not a pleasent business. He "sold" it to himself and his friends as he was "doing society a service" by "providing assistance to those most in need". Odd that his viewpoint changed upon selling the business.

I know many LL's and developers utalise similar denial.

I do actualy think a decent rental stock and upgrade of properties is a good thing. Also I applaud people for getting out there and making themselves a living....but please spare us the "doing society a service" it does your credibility no favours.

Greed

I posted a graph the other day, it showed the reduction in social housing.
It seems that landlords are doing society a favour (doing the councils dirty work for them).

jyonda

silvercar wrote:

You are making a lot of assumptions. Surely the best thing to do would be to speak to the landlord?

There is a long way to go before building work would start; planning permission has not yet even been obtained.

The landlord could just be trying to increase the value of the property to release equity.

If you wanted a long term let, that is what you should have looked for rather than signing a 6 month term.

I really think you should keep communications open rather than get aggressive before you have found out the facts.

The council have a duty to either approve or decline planning permission within 8 weeks. If it goes ahead the will want to start building immediately. They're developers, that's what they do.
If the LL wanted to release capital then they would sell up once the PA was granted and the works complete.
Every rental contract I've ever had is 12months with a 6 month breaking clause. This is standard, if I could get a 2 year no LL breaking clause I would have asked but then they would laugh me out of the LA's.

I have not spoken with them yet as it's New Year. I will be communicating calmly and civilly tomorrow having vented my disbelief here first.

jyonda

Gorgeous_George wrote:

Whilst I would love to have long term tenants, I fear that I would not like tenants with your attitude towards their landlord. Respect is a two-way street.

I wish you well and suggest that you ask future potential LLs if they have any plans to develop the property.



GG

And what attitude is that? People who would do to you as they would have done to themselves?

btloptingout

Greed wrote:

I posted a graph the other day, it showed the reduction in social housing.
It seems that landlords are doing society a favour (doing the councils dirty work for them).

I agree....I'm all in favour of it.....and i'm not one of these proponents of taxing BTL'ers further or banning them.....I say the more availability of private leased housing stock the better for consumer.

But when those in the business give a "charitable" spin to the discussion it does come accross as a bit like the Smashy&Nicey Harry Enfield sketch.

Jonesya

Greed wrote:

I posted a graph the other day, it showed the reduction in social housing.
It seems that landlords are doing society a favour (doing the councils dirty work for them).

Seems a bit rich, landlords are no different from any other business in providing a service or product for payment with the aim of making a profit. I don't consider that Tesco are doing me a favour when they let me buy their products or BP when they sell me petrol.

Gorgeous_George

jyonda wrote:

And what attitude is that? People who would do to you as they would have done to themselves?

You referred to your LLs as scumbags. They haven't done anything yet and I find your attitude disrespectful. You will be treated better if you treat people better yourself.



GG

Gorgeous_George

mr.broderick wrote:

Been a lot of posts recently regarding people selling their home and renting properties in the wake of an imminent price crash,

You can only have a wake after something has happened.

There has been talk of sell to rent but this is dangerous. People were doing it years ago and the crash never came. Similar things happen on the stockmarket when people sell shares with the intention of buying them back at a cheaper price later. I can understand people doing this but I would not gamble with my home.

I have one BTL and my tenants can stay as long as they wish. However, I can only ever offer a maximum of a two-year tenancy. I'll be offering gas central heating to replace the night storage heaters this summer. This will cost me £000's but my tenants will not be paying a penny. Of course, I'll be doing this solely for my benefit!



GG