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Labour plans longer tenancies and rent control
Comments
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Dump HS2 and most of the foreign aid, and could build quite a few.
Foreign aid (directed carefully and monitored) will benefit us in the long term.
The economic benefits of HS2 appear highly questionable. And surely nobody believes it will be delivered on time and on budget.They are an EYESORES!!!!0 -
I've always said that the greater the number of private renters, the greater the chance of the return of the Rent Acts.
Perhaps that's the Cunning Plan.
If landlords can't let without granting a 29 month tenancy, and lenders won't lend on anything more than 12 months, cue the end of BTL as we know it.
In that case what is likely is that finance BTL will be repalced by equity BTL
One of the major mistakes of the bears is to think if only there was no BTL everyone would be a home owner. The reality is that of you made BTL illegal (so no one could own more than 1, nor could any company own a house) the result would likely be that a portion....say 70% of renters would become owners. The remaining 30% would have to fight for spaces under bridges0 -
The only thing from this I think really helps people out is stopping letting agents charging large fees for the contract.
Every time I've been evicted, and the same is true for my friends who have rented, it was because the flat was being sold or the owners were moving back into the place themselves which he's saying will still be allowed. I don't think there are actually that many landlords that evict people just so they can jack up the price. So really these changes will have a very minimal impact on renters.Starting Mortgage Balance: £264,800 (8th Aug 2014)
Current Mortgage Balance: £269,750 (18th April 2016)0 -
which bit of German housing do you want to bring us in line with
the only 55% of owner occupiers?
the very small social housing sector?
low mortgages availability?
high 'key' payment on rental property?
Germany is a special case due to the east communist side and what happened there. So it would be fairer to look at the way the market is going (ie new builds) rather than the historical stock makeup.
they are mostly building large homes for owner occupiers
also with a much larger stock of apartments that skews things greatly. For instance the Uk might be 65% OO but the porpprtions of OO of the flats/apartments stock is a lot lower.
Generally the overall good in the German housing market is its ample supply and much more affordable prices
It will be interesting to see what happens to the german market over the next two decades. My guess is that they will start to kmock down the poorer quality mass apartments and replace them with detached homes elsewhere.
Also with rents so low it doesn't make a lot of sense especi0 -
The only thing from this I think really helps people out is stopping letting agents charging large fees for the contract.
Every time I've been evicted, and the same is true for my friends who have rented, it was because the flat was being sold or the owners were moving back into the place themselves which he's saying will still be allowed. I don't think there are actually that many landlords that evict people just so they can jack up the price. So really these changes will have a very minimal impact on renters.
Indeed the impact with be small
most landlords would be haooy to give longer term ASTs and most landlords do not increase rents mid way or if you want to extend.
the fees to tenants is more tricky. A normal arrangement for agents is to seek about 50/50 from tenant and landlord fot fees. These could be for example £500 tenants and £500 landlord fees. If the agent cant charge the tenant anything he needs to charge the landlord the whole £1000. That will imo lead to more landlprds trying their hand at DIY lettings. Some will do a good job others will think a handshake is a contract and disputes from that will be a huge problem0 -
The biggest part of the problem there is that there is no money. There simply isn't a way for the Government togovernment r 400,000 houses a year for the next 8-10 years.
That is crazy talk
house buidling in the uk is highly 'value added'
The problem is that too high a poetion of this value added goes to the landowner for obtainIng a stamp and to make matters worse central government has put a leech on the arms of builders in the form of local government and their CIL/s106 bribes0 -
The biggest part of the problem there is that there is no money. There simply isn't a way for the Government to build, say, 400,000 houses a year for the next 8-10 years.
I know we're all supposed to have swallowed the line that we can't possibly borrow any more money, but simply put if they want to find the money they can.
Frankly I'd rather they borrowed the money to build council housing that will pay for itself over it's lifespan than continue to throw billions more at private landlords in the form of housing benefit.0 -
That is crazy talk
house buidling in the uk is highly 'value added'
The problem is that too high a poetion of this value added goes to the landowner for obtainIng a stamp and to make matters worse central government has put a leech on the arms of builders in the form of local government and their CIL/s106 bribes
Yup. Free up planning permission and you get rid of the huge land premium.0 -
The biggest part of the problem there is that there is no money. There simply isn't a way for the Government to build, say, 400,000 houses a year for the next 8-10 years.
I've questioned this before. There seems to be enough money to build HS2 and extend the budget as required as and when.
How many houses would £50bn build?
It's not even lost money. The built houses would provide a calculated income.
Add in the fact that money could be saved on housing benefits (by taking the tenant out of private and into the buildings we own) and the money goes even further.0
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