No Fault Evictions {Merged}

BikingBud

Murphybear said:

[Deleted User] said:

This is good news. Landlords can't be trusted with no fault evictions.

It will take time but as they leave the market better landlords will take up, and prices will fall so renters can buy.

Combined with 100% mortgages accounting for rent payments, hopefully many will be able to buy the place they are already in at a nice discount.

If that were to happen what would the outcome be?  My best guess is that no-one would be a landlord any more.  How would you feel if someone demanded that you sell them your house at a discount?  This would end up the same way that social housing has ie not enough to go round.  We need to keep rental properties in the system.  

Is there really a shortage of housing or is it the enforced musical chairs, due to S21 evictions, that makes it appear that there is insufficient

Chrysalis

BikingBud said:

Chrysalis said:

The problem is housing is already broken, some have started to come round to it and thinking its only recently got broken, but its been broken for a while, the roots of the problem been thatcher's decisions.  

Whilst I don't disagree that this was the catalyst, let us not forget that there have been many opportunities since to address that policy and correct the situation, but successive politicians of all different cloths have enabled the situation. The nouveaux riche and their champagne socialism were all very happy to allow it to continue. 

Too many VIs, all with their stubby, grubby little fingers in the cookie jar, how big is Bliar's family property empire now?

Dont disagree, New Labour did absolutely nothing about it.

Ultimately this will be affecting the wider country now, because the more people spend for a roof over their head, the less they have to spend in the rest of the economy.  

Chrysalis

BikingBud said:

Murphybear said:

[Deleted User] said:

This is good news. Landlords can't be trusted with no fault evictions.

It will take time but as they leave the market better landlords will take up, and prices will fall so renters can buy.

Combined with 100% mortgages accounting for rent payments, hopefully many will be able to buy the place they are already in at a nice discount.

If that were to happen what would the outcome be?  My best guess is that no-one would be a landlord any more.  How would you feel if someone demanded that you sell them your house at a discount?  This would end up the same way that social housing has ie not enough to go round.  We need to keep rental properties in the system.  

Is there really a shortage of housing or is it the enforced musical chairs, due to S21 evictions, that makes it appear that there is insufficient

On a national level not sure, but there is LA's that have horrible supply problems.

Leicester for example has 2 universities worth of students filling student accommodation and has a huge shortage of housing.

For social housing it cant be treated as a national stock, as people can only apply in their own area, or in areas they have ties to.

For private housing stock I expect likewise it varies from area to area, but I think at the very least in big parts of the country now, especially in city areas the demand is outpacing the supply, according to a news article its lower end housing worst affected such as terraced housing.  Flats have long been under more pressure than larger houses as well.  A reason we have the bedroom tax problem.

The country should have never got itself into a position where its relying on private landlords to house people.

LegallyLandlord

Here’s a blog post about what the potential abolition of s21 means for landlords and renters alike. 

https://theindependentlandlord.com/section-21-abolition/

sevenhills

Chrysalis said:

What I have observed is my rent increase in the last 2 years combined is almost 35%, an absolutely massive increase, the scary thing is, this is happening city wide.

Large rent increases will be the new S21 by stealth, although S13 protects against that to a small degree.

Should a Government set maximum rent increases?
CPI inflation has been 14+% and some foods have increased by double that. Will increasing rents make renting more profitable and lead to more houses being built?

BikingBud

LegallyLandlord said:

Here’s a blog post about what the potential abolition of s21 means for landlords and renters alike. 

https://theindependentlandlord.com/section-21-abolition/

Doesn't really say anything new or startling, merely someone else with a keyboard speculating about perhaps and maybe.  

Although I do wonder what the caveat, (profit margin) on this statement might be:

"The Renters’ Reform Bill will profoundly change the relationship between landlord and renter in England. By and large, giving renters more security is good for wider society, and it’s something I personally support."

BungalowBel

[Deleted User] said:

This is good news. Landlords can't be trusted with no fault evictions.

It will take time but as they leave the market better landlords will take up, and prices will fall so renters can buy.

Combined with 100% mortgages accounting for rent payments, hopefully many will be able to buy the place they are already in at a nice discount.

Landlords like me will just sell up.  I am a good landlord who complies with all the legislation.  It will be landlords like me who suffer from these new rules.  If I can't get my property back for eighteen months  because a tenant won't leave, then I would rather not take the risk of renting it out.

Rogue landlords don't comply with the legislation anyway so new legislation won't make any difference to them.

lookstraightahead

I think landlords will just decide it's not worth it and will sell up. This will push up rents and decrease availability. I think it's an awful idea. Bad landlords will always be bad landlords. 

Yellowsub2000

lookstraightahead said:

I think landlords will just decide it's not worth it and will sell up. This will push up rents and decrease availability. I think it's an awful idea. Bad landlords will always be bad landlords. 

With all these LLs trying to sell, who are they going to sell to?

the property doesn’t disappear it is still there?

if it’s harder and more expensive to get mortgages and property is crashing in value then it’s unlikely someone will buy it to live in.


whoever owns it has to rent it out even as rents fall, because the council tax and other costs of it sitting empty are very high.

it’s better to rent it out even at lower rents than have it sit empty keep losing the price trying to sell it

ProDave

sevenhills said:

Chrysalis said:

What I have observed is my rent increase in the last 2 years combined is almost 35%, an absolutely massive increase, the scary thing is, this is happening city wide.

Large rent increases will be the new S21 by stealth, although S13 protects against that to a small degree.

Should a Government set maximum rent increases?
CPI inflation has been 14+% and some foods have increased by double that. Will increasing rents make renting more profitable and lead to more houses being built?

They already do in Scotland, currently limited to 3% or in exceptional circumstances 6%.  Not very helpful to a LL with inflation at 10% or more.