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Gap in the Market

1246

Comments

  • gabby71
    gabby71 Posts: 191 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    https://themill-canton.rentals/faqs/#1543506513508-38c8a3c4-25f2
  • BigD74
    BigD74 Posts: 44 Forumite
    Second Anniversary 10 Posts Name Dropper
    edited 13 December 2020 at 8:07PM
    Slithery said:
    Slithery said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.

    Yep. Been in mine 50 months now and no sign of the landlord wanting to kick me out. No rent increase in all that time either.
    Trouble being that could all change at the whim of your landlord. 

    Not saying it will but it could.
    In which case I'll find a new rental, it's no bother. I've owned property before for less time than I've lived here and I was forced to move then because of a relationship breakdown. I've never once been served notice from a LL in 5+ rentals, I've always ended the tenancies when I wanted to move.
    Over the past 4 years, I have had to move out of my rented house 4 times - 3 times because the landlord was selling, only once because I chose to go. I can tell you it is definitely a bother, as well as expensive and upsetting to move out of house you start to call a home. All the times I had to move out I was classed as a perfect tenant. The one time I did chose to move, it was from a house that was also sold by the landlord, but the buyers wanted a rental property, and were only interested if I remained in the property as a renter. I stayed living there after for another year. 

    The rental market in this country is seriously screwed up. There are way too many what I call "accidental landlords" - homeowners that are looking for a (quick-ish) solution while deciding what to do with a property, with little or no regard for tenants and what it does to their life when selling a home. It has also created the evil that is letting agents, who's main business goal is creating as much churn as possible - tenants staying in their properties for multiple years is no good.

    How to solve this? Any new tenancy has a 6 or 12 month probation period, to prove the tenants pays the rent on time and looks after the property, after which time the tenant is offered an "open ended" tenancy without end date. The landlord needs to give 6-months notice to end it, the tenant 3 months. 
  • RelievedSheff
    RelievedSheff Posts: 12,930 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    You perhaps want to read that further. The rental properties are managed through a housing association which is no different to any other new build development which has an element of affordable housing. 

    The developers sell the affordable housing to the housing association at cost.
    Part of it is through a housing association (Cadwyn) the other rental properties are through Tirion Homes - private long term rental properties 
    Tirion Homes are a private property management company. To all intents and purposes a landlord. You will have no better rights than if you rented from any other landlord. 
    Tirion Homes are highly unlikely to make someone leave their home as they died/got divorced/need the money etc - the whole point of my post was how difficult it is to find somewhere secure to live whilst privately renting
    A private landlord won't make you leave if you get divorced so long as you pay the rent. 
  • RelievedSheff
    RelievedSheff Posts: 12,930 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    Might take a while to find that!
  • RelievedSheff
    RelievedSheff Posts: 12,930 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    https://themill-canton.rentals/faqs/#1543506513508-38c8a3c4-25f2
    So they can evict you for quite a number of reasons then if you don't adhereto the terms and conditions of your rental agreement. Much the same as any other landlord. 

    And if you are short of money. Guess what? They still want their rent.

    Nothing unusual there then.
  • gabby71
    gabby71 Posts: 191 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    You perhaps want to read that further. The rental properties are managed through a housing association which is no different to any other new build development which has an element of affordable housing. 

    The developers sell the affordable housing to the housing association at cost.
    Part of it is through a housing association (Cadwyn) the other rental properties are through Tirion Homes - private long term rental properties 
    Tirion Homes are a private property management company. To all intents and purposes a landlord. You will have no better rights than if you rented from any other landlord. 
    Tirion Homes are highly unlikely to make someone leave their home as they died/got divorced/need the money etc - the whole point of my post was how difficult it is to find somewhere secure to live whilst privately renting
    A private landlord won't make you leave if you get divorced so long as you pay the rent. 
    😂😂 sorry I didn’t mean the tenant divorcing - I meant the landlord - happened to me previously, they divorced and had to sell the house I rented from them (I guess to facilitate the divorce settlement)
  • gabby71
    gabby71 Posts: 191 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    Might take a while to find that!
    No - i’ve already posted the relevant section above, Spiderlegs clearly missed the part that states you can rent the property for as long as you wish, as long as you pay your rent and adhere to their t&c’s 👍🏼
  • Such a system would have disadvantages in inflexibility for the landlord over a normal tenancy - so I would expect rent charges to be higher, which in turn would make them less attractive for the tenants...
    Exactly.

    You can't get something for nothing. OP thinks there's a gap in the market for renting more security for tenants - OK. So what does the landlord get in exchange? If the answer is "nothing" then I'm afraid you don't know how markets work. If the answer is "something," then do tenants actually value the increased security more than what they are giving up?

    Speaking purely for myself, but when I was renting I resented the forced "increased security" that the government enforces through the legal system. I would have very happily agreed with my landlord that he could give me notice at any time without need for an s21, or evict me without notice if I fell behind on the rent, if the rent was lower in return. And I suspect there are a lot of renters and landlords who feel the same. That, I suspect, is the true gap in the market. 
  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    Might take a while to find that!
    No - i’ve already posted the relevant section above, Spiderlegs clearly missed the part that states you can rent the property for as long as you wish, as long as you pay your rent and adhere to their t&c’s 👍🏼
    No gabs I saw that bit. It doesn’t say you can never be evicted, as you have just alluded to in your comment above. I’m not really sure where you’re going with this. All you’ve found is a property developer who rents out their properties on the same terms as any other landlord.
    granted you probably have a bit more implied security due to their size, but this is still fixed term followed by monthly periodic.







  • gabby71
    gabby71 Posts: 191 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    gabby71 said:
    For people who are unable to buy a property and have a slim chance of getting a housing association property (or don’t want to live on a housing association estate) the only option is private renting where you are at risk of getting notice to leave at any time, can’t really make it your own or put down roots...I’m surprised the government/developers haven’t realised there are many out there who would jump at the opportunity to have the chance of a guaranteed long term tenancy
    The average tenancy length is around 4 years.
    I’m unsure how that comment relates?
    What length do you consider to be a long term tenancy?
    As long as you want to stay, a place you can settle in, improve, not worry about the landlord selling up
    What you are suggesting is pure fantasy.
    Seems not - previous poster Amandacat has confirmed there are developments specifically for long term renters- seems like some developers are jumping on 👍🏼
    Amandacat has told us a nice little story with no actual evidence.
    I’m sure when we do see the detail we’ll be able to judge whether these schemes allow the ‘renter’ to stay there ad infinitum with no ability for the ‘landlord’ to seek repossession.
    How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know.

    FYI Rent to buy schemes have been around for quite a while and are generally more expensive ways to end up buying a house. They are the housing equivalent of PCP car finance. What they are not is an everlasting rental scheme.

    Do you specifically troll these forums waiting to berate and belittle people for their queries and questions??

    ‘How you think what amandacat described is the same as your OP or your follow up nonsense I don’t know’

    pathetic 😴 bore off
    Well to be fair I just asked you how long you considered a long term tenancy to be. Your response was ‘as long as the tenant wants’.

    I can say with reasonable confidence that most people would consider that to be nonsense.

    Ok mate 👍🏼 If you feel the need to continue spouting your words of wisdom here at least ensure your knowledge is up to speed - another member has very kindly sent me some information that very clearly shows you have absolutely no clue what you are talking about 🙄
    http://www.themill-canton.co.uk/
    brand new homes for rent or sale direct from the developer - in Wales
    Thanks. I’ve been through the website but I can’t find the part where it says you can rent a property and never be evicted. Can you point it out for me?

    https://themill-canton.rentals/faqs/#1543506513508-38c8a3c4-25f2
    So they can evict you for quite a number of reasons then if you don't adhereto the terms and conditions of your rental agreement. Much the same as any other landlord. 

    And if you are short of money. Guess what? They still want their rent.

    Nothing unusual there then.
    I would think normal decent people would have no problem adhering to the t&c’s - they aren’t exactly restrictive are they? And the same with paying rent, normal decent people pay their rent every month would you believe 🙄
    I think you are clutching at straws now mate - just admit you didn’t know this type of scheme existed and it is a great way for decent people to rent a home for as long as they wish 
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