Landlords to blame for Britain's rising house prices

stator

somethingcorporate wrote: »

Really?

So you think that a student that moves somewhere to go to university should be buying a house?

You think there is no natural demand for rented properties outside of one stimulated by supply?

There are plenty of landlords who actually own the houses they rent out rather than just BTL them. There are plenty of student housing blocks owned by companies like Unite.

CLAPTON

stator wrote: »

There are plenty of landlords who actually own the houses they rent out rather than just BTL them. There are plenty of student housing blocks owned by companies like Unite.

love it

big corporations renting properties funded by loans = good

small rental businesses funded by loans = bad

lots of students freely choose small rental businesses because of the excess charges of the large corporations

chucknorris

stator wrote: »

There are plenty of landlords who actually own the houses they rent out rather than just BTL them. There are plenty of student housing blocks owned by companies like Unite.

BTL means 'buy to let', they have been 'bought' so they are owned. I suspect that you are making some distinction between owning with a mortgage and being mortgage free, it doesn't make any difference, they are still owned. I have mortgages on all of my properties (except my home), but I still own them all.

antrobus

michaels wrote: »

Is there any data on whether rented property has more or fewer residents per room than OO?

Not specifically that I've been able to find.

I know that average household size is slightly smaller for tenanted households compared to owner occupied ones, but then that might be because tenanted homes tend to be smaller than owner occupied ones.

There is England and Wales data on 'Households: overcrowding and under-occupation: by region and tenure by household size' which does show that tenanted properties are more likely to be overcrowded and less likely to be underoccupied, suggesting that tenanted properties are more intensively occupied.

antrobus

stator wrote: »

There are plenty of landlords who actually own the houses they rent out rather than just BTL them. There are plenty of student housing blocks owned by companies like Unite.

The UNITE Group plc (UNITE), the UK's leading developer and manager of student accommodation, has today announced the completion of a £405 million refinancing that provides a new debt funding platform for the UNITE UK Student Accommodation Fund ("USAF").


HSBC and Lloyds Bank Commercial Banking played a key role in the deal, acting as Lead Arrangers. The new secured debt funding platform includes £380 million raised though a 10-year sterling fixed-rate bond issue, priced at 3.4%, an £8 million liquidity fund provided by HSBC and a £25 million five-year Revolving Credit Facility (RCF) provided by Lloyds Banking Group.
The finance package allows USAF to refinance its existing mortgage-backed security bonds and reduce bank debt.

http://www.newsroom.business.hsbc.co.uk/press/release/hsbc_backs_400m_refinance_of_u

What were you saying about BTL?:rotfl:

jjlandlord

chucknorris wrote: »

BTL means 'buy to let', they have been 'bought' so they are owned.

I think that some commenters on these threads (and the threads themselves) are hopeless: At this point either they are unable to understand anything or they have decided not to.
Either way, it is hopeless.

ruggedtoast

jjlandlord wrote: »

this is why we need more investment in education in this country, from primary school.

The irony is that the people making such claim would also be quite angry if called "stalinists". Or perhaps not ironic at all...

Homes for people not parasites!

IronWolf

There's only one thing to blame for rising house prices - not enough house building. There's no need to go after BTL if we just built enough houses.

wotsthat

Graham_Devon wrote: »

I checked out the rightmove article and indeed it does mention the fact that BTL is taking a larger chunk of the properties available, and indeed, they suggest they will take even more as pensioners start entering BTL too.

The first line of this month's Rightmove release...

Structural housing shortage results in not enough sellers and rising prices

http://www.rightmove.co.uk/news/files/2015/02/february-2015.pdf

tom9980

Pixie5740 wrote: »

In Scotland landlords must be registered with the local council before letting out a property. It is a criminal offence to let out a property without being registered.

Shelter Scotland estimate that only 75% of landlords are registered. My last landlord wasn't registered despite letting out 3 properties in the council area. I reported her to the council and do you know what they did? They sent her a letter. Big deal. One year on she is still letting out 3 properties, still isn't registered and still hasn't been prosecuted. Licencing landlords is all well and good but it has to mean something.

Regulation in this country is toothless always has been and is destined to always be. One of the reasons i said that a BTL mortgage can only be granted to a Landlord who has a license was to help prevent this. It wont stop those properties like mine that is owned outright of course but then we could always confiscate those and force a sale with the fine being loss of all equity when it has been discovered they are an unlicensed LL.

Lets be honest though any solution you or i come up with will cost tenants more money in the long run because the cost is always passed on.