Sick of this Nanny State

lookstraightahead

I would sell no one will like your house anyway if you still see it as your home.

Crashy_Time

Sammypooler wrote: »

You own a £700k asset and meaning because you have to spend a five to get a key cut. You will also get that key back so it’s not like you will have to spend that money again.

Wait until a tenant scuffs a wall, breaks something or the house is more “lived in” when you get the keys back.

Sell the house.

Getting harder to do....

https://www.newsgroove.co.uk/uk-home-sales-down-16-5-per-cent-suggest-hmrc-figures/

The chances of it actually being worth 700k are minimal IMO.
Rules for landlords changed because there are loads of votes in being seen to be tough on landlords and the causes of landlords, nobody really believes that the political "elite" care if some renter`s roof leaks in heavy rain do they?

BoiledBreadTomatoSauce

undetterred wrote: »

Oh no, copped by the grammar police,PC Wayne Kerr, I suspect.

From an ageing, bigoted bumpkin like yourself I'll take that as a compliment.

lookstraightahead

So op, when do you go abroad and have you got the ball rolling to rent it out? Might be worth getting a realistic assessment of its value too. All the rentals in my recent Home Counties village have cone down (the big houses are standing empty). People have such high expectations and don't think tenants are savvy when they are being ripped off.

silverwhistle

Or you could do what I did when I rented out my house to a housing association when I went to live abroad for a number of years. I needed the guaranteed income as I was renting the other end and the HA took care of all the legal niceties Would you like me to tell you all about the rental laws where I went? You'd get very upset.

I wouldn't recommend renting via the housing association I used , that's another matter, but I'm back in the house again as planned.

If the OP is going to the US, as someone else has noted from one of his other rants I presume, I do hope he has good health insurance and has budgeted for it.

letitbe90

The free market sounds good in theory, but without regulation, it is full of abuse. Naturally things are biased towards landlords as having a place to live (like water or food) is a necessity so even under duress people will comply. How else do you think people get away with paying people 50p/hour in some sweat shot factory in the UK? That is why we need legislation.

I don't however believe the legislation is perfect, it is still too easy for tenants to abuse the system, maybe more than landlords. There are forums now dedicated to tenants and how to get away with not paying and other stuff really - it is like landlords are free picking to rinse!

FBaby

If you criticise one poster's admittedly appalling grammar and spelling, you really should spread the love, don't you think? "Selfisher"?

Really not a matter for his thread but just to point out that 'selfisher' is grammatically correct, if rarely used.

Smodlet

FBaby wrote: »

Really not a matter for his thread but just to point out that 'selfisher' is grammatically correct, if rarely used.

OK, FBaby, it is not in the Chambers but I realise that is not a patch on the OED, which I no longer have. According to Wiktionary (:eek:) it is "frowned upon".

Thank you for your post to the OP. It came as a pleasant surprise. Thank you.

richyj

ok, I am back...

I assume from all the moans, that the majority of you are all tenants, wishing to be owners but priced out of the market (never being able to raise a deposit to buy)

What I am saying is purely contract law. I write a contract, if you agree.... sign it and be bound to the conditions. You are free not to sign and look elsewhere there is no one pressurising you to sign. If you cant find anything suitable to rent then you have to move to a different area where the prices are cheaper. This is just the rules of supply and demand.

Yes, I know the sales market is bad and that nothing is really moving in the market. I have no intention of selling. I know a few people who have tried to sell and are either receiving offers 40k below the asking price or people messing them around. They have all removed their places off the market.

Due to the changes alot of Landlords are looking at other opportunities to invest, so there will be a shortage of properties available.... and then we have the supply and demand situation again.... demand will be high and the supply low... Landlords will be able to cherry pick...

In regards to the referencing costs.... lets imagine the tenant offers, but has to pass referencing, they advise they have good financial history, no ccj's, earn 70k per year etc... When they are referenced this tells a completely different story... they have wasted the landlords time and money referencing someone that is not suitable.

BrassicWoman

richyj wrote: »

ok, I am back...

I assume from all the moans, that the majority of you are all tenants, wishing to be owners but priced out of the market (never being able to raise a deposit to buy)

I'm a homeowner and I don't think you are well suited to a business which has such a great impact on others' well-being. Being in a society means taking care of each other.

Maybe put your money into tracker funds instead?