No Fault Evictions {Merged}

Yellowsub2000

Section62 said:

Yellowsub2000 said:

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?

They will sell to corporate landlords that have the resources and muscle to still make a profit despite the extra layers of work required to let property.

Therefore prices won't crash, and the other stuff in your post won't happen.

Yes someone has to do something with all these properties trying to be sold as all these LLs want to sell up.

whoever the new owners are they want someone to I’ve in there, the properties don’t just disappear 

ProDave

Dustyevsky said:

ProDave said:

Yellowsub2000 said:

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/

ending the abuse of “no fault”, or Section 21, evictions – a move that has wide support. Unscrupulous landlords have used the prospect of Section 21 to intimidate tenants into accepting substandard conditions – from damp and mould to other health hazards – or face losing their homes altogether.

There is a HUGE problem with the UK's old substandard housing stock. 

Suggestions on a postcard to the policy makers how to solve it?  They clearly don't have an answer.

I think they do. Have them condemned,bought up by a big corp like Lloyds, knock them down and then rebuild 10 times as many units on the same space to rent to the plebs.

We need something like that to massively upgrade the poor housing stock and build enough houses.  But there are not even any hints that anyone is considering any form of slum clearance and rebuild policy.

Yellowsub2000

ProDave said:

Dustyevsky said:

ProDave said:

Yellowsub2000 said:

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/

ending the abuse of “no fault”, or Section 21, evictions – a move that has wide support. Unscrupulous landlords have used the prospect of Section 21 to intimidate tenants into accepting substandard conditions – from damp and mould to other health hazards – or face losing their homes altogether.

There is a HUGE problem with the UK's old substandard housing stock. 

Suggestions on a postcard to the policy makers how to solve it?  They clearly don't have an answer.

I think they do. Have them condemned,bought up by a big corp like Lloyds, knock them down and then rebuild 10 times as many units on the same space to rent to the plebs.

We need something like that to massively upgrade the poor housing stock and build enough houses.  But there are not even any hints that anyone is considering any form of slum clearance and rebuild policy.

It is happening and will continue to happen.


these new LL changes mean huge numbers of LLs are going to try to sell.

who is going to buy all these properties? Well whoever it is they will need someone to live there as keeping it empty is very expensive 

Sarah1Mitty2

BikingBud said:

caprikid1 said:

"I think the idea that it will reduce supply is incorrect, though what it will likely do is increase costs at the bottom of the market slightly, but most good landlords already operate on this basis anyway."

You could be right but I highly doubt it , the only question will be how much it will decreases supply by, it certainly will do nothing to help the two biggest issues currently which is rising rents and a shortage of suitable property.

The houses/flats will not disappear but by taking people out of the chain that are only there for profit, landlords, property and estate agents, certain property repair service etc, it might catalyse a transition back to more owner occupiers.

That`s right, the house is still there, can`t see how landlords are going to "offload" properties though if it is harder to evict and the market for these properties now has to pay 3 times the mortgage debt costs they would have previously?

Yellowsub2000

Sarah1Mitty2 said:

BikingBud said:

caprikid1 said:

"I think the idea that it will reduce supply is incorrect, though what it will likely do is increase costs at the bottom of the market slightly, but most good landlords already operate on this basis anyway."

You could be right but I highly doubt it , the only question will be how much it will decreases supply by, it certainly will do nothing to help the two biggest issues currently which is rising rents and a shortage of suitable property.

The houses/flats will not disappear but by taking people out of the chain that are only there for profit, landlords, property and estate agents, certain property repair service etc, it might catalyse a transition back to more owner occupiers.

That`s right, the house is still there, can`t see how landlords are going to "offload" properties though if it is harder to evict and the market for these properties now has to pay 3 times the mortgage debt costs they would have previously?

Good points.

for a LL to sell a place with live in tenant they have to reduce the price even more.

and they find it very hard and costly to get the tenants out but there is a process for giving them notice that you want to sell.


the problem is if LLs upset the tenants in any then the tenants can make life very hard for the LLs.

” The costs of the Ombudsman will be borne by landlords and it’ll be free for tenants to use”


the tenants can keep bringing things up with the ombudsman which is free for them and going to be very costly for LL. even if it’s made up nonsense they could just say there is mold in the bathroom 


after that poor boy died due to mold any LL should be very careful or they may find a £25K fine

Sarah1Mitty2

MultiFuelBurner said:

MobileSaver said:

sevenhills said:

devoncop22 said:

Watch the supply of rented properties decline even further prompting more handwringing..

It doesn't matter if they are rented or for sale, there will still be the same number of houses.

It matters an awful lot if you are trying to rent; renting will without question become harder and more expensive unless the new laws are accompanied by other policies that encourage more rental properties to be built.

We expect this to add LL's being more choosey and 20% increase in rents as a finger in the air

That would go against the general policy at the moment of causing a recession to beat inflation, can`t really see 20% rises happening to be honest, drops are more likely, the landlords who planned their business models properly will survive, the less prudent will be forced to sell up for probably less than they paid.

eddddy

Sarah1Mitty2 said:

...can`t see how landlords are going to "offload" properties though if it is harder to evict and the market for these properties now has to pay 3 times the mortgage debt costs they would have previously?

It won't be harder to evict - if landlords want to sell the property.

I expect it will be exactly the same as today.

Yellowsub2000

Sarah1Mitty2 said:

MultiFuelBurner said:

MobileSaver said:

sevenhills said:

devoncop22 said:

Watch the supply of rented properties decline even further prompting more handwringing..

It doesn't matter if they are rented or for sale, there will still be the same number of houses.

It matters an awful lot if you are trying to rent; renting will without question become harder and more expensive unless the new laws are accompanied by other policies that encourage more rental properties to be built.

We expect this to add LL's being more choosey and 20% increase in rents as a finger in the air

That would go against the general policy at the moment of causing a recession to beat inflation, can`t really see 20% rises happening to be honest, drops are more likely, the landlords who planned their business models properly will survive, the less prudent will be forced to sell up for probably less than they paid.

Yes many LL will be forced to sell for less than they paid or be repossessed 

those who can keep their tenants happy will ride out the storm

a wise LL with good tenants won’t put the rent up they will keep the tenants happy and keep repair and maintenance up, keep up with their responsibilities as good LLs

Yellowsub2000

eddddy said:

Sarah1Mitty2 said:

...can`t see how landlords are going to "offload" properties though if it is harder to evict and the market for these properties now has to pay 3 times the mortgage debt costs they would have previously?

It won't be harder to evict - if landlords want to sell the property.

I expect it will be exactly the same as today.

You obviously have not read the rent reform bill.

you are so wrong and you don’t even know how wrong your statement is

Sarah1Mitty2

Dustyevsky said:

ProDave said:

Yellowsub2000 said:

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/

ending the abuse of “no fault”, or Section 21, evictions – a move that has wide support. Unscrupulous landlords have used the prospect of Section 21 to intimidate tenants into accepting substandard conditions – from damp and mould to other health hazards – or face losing their homes altogether.

There is a HUGE problem with the UK's old substandard housing stock. 

Suggestions on a postcard to the policy makers how to solve it?  They clearly don't have an answer.

I think they do. Have them condemned,bought up by a big corp like Lloyds, knock them down and then rebuild 10 times as many units on the same space to rent to the plebs.

The demand isn`t there for that sort of number, at the first hint of recession there will be empty units everywhere at the present numbers.