New EU mortgage rules to hit btl

John_Pierpoint

macaque wrote: »

Speaking as a long time renter myself I certainly 'wish for' larger more professional landlords. Amateur landlords are not all bad by any means but what we need is the Sainsburys or Morrisons of rental properties. Sustainable rents, better certainty of tenure and no surprise visits when the family are having dinner.

Good OP Geneer.

Generali wrote: »

I thought that setting up as a corporate landlord would be a great idea. You could standardise places to get economies of scale on repair and maintenance costs and as JulieQ suggests you could average out void periods. Ah well, there's still time.

Are you lucky enough to qualify for the semi subsidised property on offer from local authorities or outsourced to Housing Associations?

I've not seen a rush of big businesses to get into the private rented short-hold market.

I think the problem is caused by people with a Greek attitude to the contracts they sign; the slightest thing goes wrong with their lives and "Can't pay, won't pay" gets trotted out. The roof over your head is a "right" innit.

What do you expect the private owner, who is offered a 12 month contract in another area of the country to do.

"Don't you dare rent out you house to someone who needs a roof over their head; just leave it empty and get it squatted?"

We need less regulation not more - well at least simple clear legislation, not a rag bag of politically inspired laws that require a phd in land law for both tenant and landlord to understand. How is it that places like Germany and Switzerland seem to manage without the continual them and us sniping. I know that both those countries have higher housing standards.

Turnbull2000

Non story. The FSA want the BTL market exempted.

BTL is playing a large role in supporting transaction levels, underpinning (or even boosting) prices and providing a pension alternative to many, many people. There's now too many folk with their noses in the landlord game or looking to take part to begin regulating the market in such a manner. Heck, even secure tenancies will remain a non-starter thanks to the make-up of UK landlords.

nollag2006

Interesting idea.

Anything that drives rents up and keeps them there would get my vote.

Can't imagine that it would go through in the UK though. As pointed out by Turnbull, it would not be politically palatable.

ILW

nollag2006 wrote: »

Interesting idea.

Anything that drives rents up and keeps them there would get my vote.

Can't imagine that it would go through in the UK though. As pointed out by Turnbull, it would not be politically palatable.

I would not be so sure, I would suspect that there are a lot more renters and wanabee owner occupiers who could beneifit than there are BTL landlords who may be disadvantaged.

Turnbull2000

ILW wrote: »

I would not be so sure, I would suspect that there are a lot more renters and wanabee owner occupiers who could beneifit than there are BTL landlords who may be disadvantaged.

It's not always about numbers. It's about who's the most vocal. Who has the ear of the politicians. Lenders, landlords, developers and property interests are all more politically influential than renters and wanabee buyers.

And then you have to consider the self-interest of the political class. They don't want house prices to fall. They don't want tenants to be secure.

heathcote123

geneer wrote: »

renters = voters heathcote.
The more renters, the more powerful the lobby.

The right to buy has done enormous social damage to this country.
I can readily see social housing making a comeback.

I think you'll find homeowners far more likely to vote than renters.

Where do you readily see all this money coming from for a massive social housing expansion?

Are you realigning your aims to social housing now?

geneer

heathcote123 wrote: »

I think you'll find homeowners far more likely to vote than renters.

haven't you heard fubs.
homeowners are a dying breed.

heathcote123 wrote: »

Where do you readily see all this money coming from for a massive social housing expansion?

where does it usually come from?

heathcote123 wrote: »

Are you realigning your aims to social housing now?

eh?
Realigning?
My aims?
What?

geneer

Jimmy_31 wrote: »

Social housing could make a comeback but it wont be for a long time.

The HAs i work for cant afford to build any new houses because they are constantly paying out to repair and maintain their existing properties.

Lots of HA housing stock is coming to the end of its life, lots of them need to be demolished and rebuilt but where do the tenants live whilst they are being rebuilt.

The government would do well to start sorting this countrys housing problems out FAST as its only a matter of time before people say enough is enough and revolt against them.

Do BTL landlords think people will keep paying whatever price they come up with for rents. Like i have said before, its got to the stage in some places that tenants have to decide what bill to pay from their shrinking wage packet. The landlord gets paid last as far as i can see.

It seems to be a growing social problem at the moment.
Now the banks have rightly turned off the money traps, those who might have managed to buy can't.

The government has a lot of work to do to correct the mess they made of things with right to buy.

In addition, economically things look to be getting worse not better.
The gov may well decide that a programme of infrastructure construction is required.

heathcote123

geneer wrote: »

haven't you heard fubs.
homeowners are a dying breed.



where does it usually come from?



eh?
Realigning?
My aims?
What?

Where does a massive load of money for social housing usually come from?

Dunno, don't recall it happening recently. Do you?

I was just wondering if you're now pinning your hopes on social housing, rather than the massive crash you've been waiting 6 years for.

geneer

heathcote123 wrote: »

Where does a massive load of money for social housing usually come from?

:rotfl:Where did the motorways come from. Where did the new towns come from. Wheres the high speed rail network going to come from.

Tell you what Fubra, UK didn't come out of world war 2 flush exactly. Look at what we managed when we set our minds to it.

heathcote123 wrote: »

Dunno, don't recall it happening recently. Do you?

Welcome to the world that the bulls made.

heathcote123 wrote: »

I was just wondering if you're now pinning your hopes on social housing, rather than the massive crash you've been waiting 6 years for.

:rotfl:You kid only yourself heathcote. I waited just over a year and a half for a crash. Once which has been at least - at least mind - as significant as the previous crash.