1 million additional renter's to be made homeless(evicted)?

BungalowBel

noitsnotme said:

Yellowsub2000 said:

So you don’t disagree with my assessment of how the rents and ombudsman system will work

it sounds like you are frustrated and unhappy maybe you should go see someone about that?

I mean this with all sincerity life is too short to be all bitter and twisted 

better to be happy 😁

Well yes I do disagree, you’re wrong about how the ombudsman will deal with rent disputes.   This is what I’ve posted on the other thread…

According to government page I have already quoted several times, the ombudsman won’t manage rent disputes.  That will remain the responsibility of the courts.…

”The First-tier Tribunal is part of the courts system. Disputes which will still require judgments from the First-tier Tribunal include rent disputes, appeals by landlords against financial penalties imposed by local councils and applications to recover prohibited fees under the Tenant Fees Act.”

Here’s the link (again!) https://www.gov.uk/guidance/private-rented-sector-ombudsman-renters-reform-bill

I’m certainly not bitter and twisted.  All these changes are great for good landlords like me.  I’ll be able to purchase more properties at cut down prices and I’ll be able to charge higher rents for the best tenants out there.  No mortgages will mean no worries about interest rates and no worries about void periods.  It’s all looking rather rosy from where I’m sitting.

Do you really think there is not a problem for good  landlords with a single property with no mortgage (genuine question)?

I know there probably isn't with the forthcoming legislation.  I just think it might be the start of the slippery slope and I am worried about finding myself in a position with future legislation where I can't get my property back.

Maybe I am worrying about nothing?

caprikid1

"The ombudsman will be great thing and will save many tenants lots of money with rents."

All of the recent legislation has achieved that ???

At best the ombudsman will reduce some of the enormous rent rises caused by this legislation, the Tenant will still be worse off. Just stuck in a property because they cannot find anywhere else to go.

As a landlord I never raise rents between tenants but with the speed of rent rises the gap sometimes gets almost embarrassing between what they are paying and what the market rent is.

As has been mentioned avoid following single objective social media influencers and try and take a wider view. If you keep repeating the same arguments it does not mean they are true.

noitsnotme

BungalowBel said:

noitsnotme said:

Yellowsub2000 said:

So you don’t disagree with my assessment of how the rents and ombudsman system will work

it sounds like you are frustrated and unhappy maybe you should go see someone about that?

I mean this with all sincerity life is too short to be all bitter and twisted 

better to be happy 😁

Well yes I do disagree, you’re wrong about how the ombudsman will deal with rent disputes.   This is what I’ve posted on the other thread…

According to government page I have already quoted several times, the ombudsman won’t manage rent disputes.  That will remain the responsibility of the courts.…

”The First-tier Tribunal is part of the courts system. Disputes which will still require judgments from the First-tier Tribunal include rent disputes, appeals by landlords against financial penalties imposed by local councils and applications to recover prohibited fees under the Tenant Fees Act.”

Here’s the link (again!) https://www.gov.uk/guidance/private-rented-sector-ombudsman-renters-reform-bill

I’m certainly not bitter and twisted.  All these changes are great for good landlords like me.  I’ll be able to purchase more properties at cut down prices and I’ll be able to charge higher rents for the best tenants out there.  No mortgages will mean no worries about interest rates and no worries about void periods.  It’s all looking rather rosy from where I’m sitting.

Do you really think there is not a problem for good  landlords with a single property with no mortgage (genuine question)?

I know there probably isn't with the forthcoming legislation.  I just think it might be the start of the slippery slope and I am worried about finding myself in a position with future legislation where I can't get my property back.

Maybe I am worrying about nothing?

I think that comes down to personal approach to risk.  With a single property and no mortgage, you have no worries about interest rates.  Voids could be a problem if you rely on the rental income to supplement your main source of income.

The new legislation to remove so called “no fault evictions” already proposes that landlords will be able to get their properties back if they want to sell it which is the most likely reason for a single property landlord to want theirs back.  So you should be safe there.

The new ombudsman service proposes that all landlords will be required by law to sign up and will have to pay a small joining fee.  If you’re a good landlord you should have no further interaction with the ombudsman.

It’s the bad landlords that I believe are a minority that will suffer and rightly so.

Ignore some of the posters here who post with little to no evidence to support most of their outrageous claims.

BungalowBel

noitsnotme said:

BungalowBel said:

noitsnotme said:

Yellowsub2000 said:

So you don’t disagree with my assessment of how the rents and ombudsman system will work

it sounds like you are frustrated and unhappy maybe you should go see someone about that?

I mean this with all sincerity life is too short to be all bitter and twisted 

better to be happy 😁

Well yes I do disagree, you’re wrong about how the ombudsman will deal with rent disputes.   This is what I’ve posted on the other thread…

According to government page I have already quoted several times, the ombudsman won’t manage rent disputes.  That will remain the responsibility of the courts.…

”The First-tier Tribunal is part of the courts system. Disputes which will still require judgments from the First-tier Tribunal include rent disputes, appeals by landlords against financial penalties imposed by local councils and applications to recover prohibited fees under the Tenant Fees Act.”

Here’s the link (again!) https://www.gov.uk/guidance/private-rented-sector-ombudsman-renters-reform-bill

I’m certainly not bitter and twisted.  All these changes are great for good landlords like me.  I’ll be able to purchase more properties at cut down prices and I’ll be able to charge higher rents for the best tenants out there.  No mortgages will mean no worries about interest rates and no worries about void periods.  It’s all looking rather rosy from where I’m sitting.

Do you really think there is not a problem for good  landlords with a single property with no mortgage (genuine question)?

I know there probably isn't with the forthcoming legislation.  I just think it might be the start of the slippery slope and I am worried about finding myself in a position with future legislation where I can't get my property back.

Maybe I am worrying about nothing?

I think that comes down to personal approach to risk.  With a single property and no mortgage, you have no worries about interest rates.  Voids could be a problem if you rely on the rental income to supplement your main source of income.

The new legislation to remove so called “no fault evictions” already proposes that landlords will be able to get their properties back if they want to sell it which is the most likely reason for a single property landlord to want theirs back.  So you should be safe there.

The new ombudsman service proposes that all landlords will be required by law to sign up and will have to pay a small joining fee.  If you’re a good landlord you should have no further interaction with the ombudsman.

It’s the bad landlords that I believe are a minority that will suffer and rightly so.

Ignore some of the posters here who post with little to no evidence to support most of their outrageous claims.

Thanks for your reply.  My husband and I are still considering what to do.  The rental income is nice, but we could manage without it.  

Maybe we should do nothing at the moment and sell it if and when our present  tenants leave of their own accord, which I think they will when their child is older, as I think they will want a place with a garden.

I really don't want to give good tenants notice unless it is absolutely necessary.

noitsnotme

BungalowBel said:

noitsnotme said:

BungalowBel said:

noitsnotme said:

Yellowsub2000 said:

So you don’t disagree with my assessment of how the rents and ombudsman system will work

it sounds like you are frustrated and unhappy maybe you should go see someone about that?

I mean this with all sincerity life is too short to be all bitter and twisted 

better to be happy 😁

Well yes I do disagree, you’re wrong about how the ombudsman will deal with rent disputes.   This is what I’ve posted on the other thread…

According to government page I have already quoted several times, the ombudsman won’t manage rent disputes.  That will remain the responsibility of the courts.…

”The First-tier Tribunal is part of the courts system. Disputes which will still require judgments from the First-tier Tribunal include rent disputes, appeals by landlords against financial penalties imposed by local councils and applications to recover prohibited fees under the Tenant Fees Act.”

Here’s the link (again!) https://www.gov.uk/guidance/private-rented-sector-ombudsman-renters-reform-bill

I’m certainly not bitter and twisted.  All these changes are great for good landlords like me.  I’ll be able to purchase more properties at cut down prices and I’ll be able to charge higher rents for the best tenants out there.  No mortgages will mean no worries about interest rates and no worries about void periods.  It’s all looking rather rosy from where I’m sitting.

Do you really think there is not a problem for good  landlords with a single property with no mortgage (genuine question)?

I know there probably isn't with the forthcoming legislation.  I just think it might be the start of the slippery slope and I am worried about finding myself in a position with future legislation where I can't get my property back.

Maybe I am worrying about nothing?

I think that comes down to personal approach to risk.  With a single property and no mortgage, you have no worries about interest rates.  Voids could be a problem if you rely on the rental income to supplement your main source of income.

The new legislation to remove so called “no fault evictions” already proposes that landlords will be able to get their properties back if they want to sell it which is the most likely reason for a single property landlord to want theirs back.  So you should be safe there.

The new ombudsman service proposes that all landlords will be required by law to sign up and will have to pay a small joining fee.  If you’re a good landlord you should have no further interaction with the ombudsman.

It’s the bad landlords that I believe are a minority that will suffer and rightly so.

Ignore some of the posters here who post with little to no evidence to support most of their outrageous claims.

Thanks for your reply.  My husband and I are still considering what to do.  The rental income is nice, but we could manage without it.  

Maybe we should do nothing at the moment and sell it if and when our present  tenants leave of their own accord, which I think they will when their child is older, as I think they will want a place with a garden.

I really don't want to give good tenants notice unless it is absolutely necessary.

That sounds like a reasonable approach.  As you could manage without the rent, there’s no real need to raise it.  It’s probably worth keeping decent tenants until they’re ready to leave and then make a decision to sell or not at that point.

2 lots of our tenants have both been in place for over 4 years.  We have not increased the rent at all in that time, even through the recent interest rate rises.  They’re both great tenants who look after the properties like it’s their own, so it seems daft to potentially have them leave by raising rents.  Like you, we don’t need the rental income for day to day living (it’s just increasing the pension war chest) so in our situation both tenants and landlord are winners.

BungalowBel

noitsnotme said:

BungalowBel said:

noitsnotme said:

BungalowBel said:

noitsnotme said:

Yellowsub2000 said:

So you don’t disagree with my assessment of how the rents and ombudsman system will work

it sounds like you are frustrated and unhappy maybe you should go see someone about that?

I mean this with all sincerity life is too short to be all bitter and twisted 

better to be happy 😁

Well yes I do disagree, you’re wrong about how the ombudsman will deal with rent disputes.   This is what I’ve posted on the other thread…

According to government page I have already quoted several times, the ombudsman won’t manage rent disputes.  That will remain the responsibility of the courts.…

”The First-tier Tribunal is part of the courts system. Disputes which will still require judgments from the First-tier Tribunal include rent disputes, appeals by landlords against financial penalties imposed by local councils and applications to recover prohibited fees under the Tenant Fees Act.”

Here’s the link (again!) https://www.gov.uk/guidance/private-rented-sector-ombudsman-renters-reform-bill

I’m certainly not bitter and twisted.  All these changes are great for good landlords like me.  I’ll be able to purchase more properties at cut down prices and I’ll be able to charge higher rents for the best tenants out there.  No mortgages will mean no worries about interest rates and no worries about void periods.  It’s all looking rather rosy from where I’m sitting.

Do you really think there is not a problem for good  landlords with a single property with no mortgage (genuine question)?

I know there probably isn't with the forthcoming legislation.  I just think it might be the start of the slippery slope and I am worried about finding myself in a position with future legislation where I can't get my property back.

Maybe I am worrying about nothing?

I think that comes down to personal approach to risk.  With a single property and no mortgage, you have no worries about interest rates.  Voids could be a problem if you rely on the rental income to supplement your main source of income.

The new legislation to remove so called “no fault evictions” already proposes that landlords will be able to get their properties back if they want to sell it which is the most likely reason for a single property landlord to want theirs back.  So you should be safe there.

The new ombudsman service proposes that all landlords will be required by law to sign up and will have to pay a small joining fee.  If you’re a good landlord you should have no further interaction with the ombudsman.

It’s the bad landlords that I believe are a minority that will suffer and rightly so.

Ignore some of the posters here who post with little to no evidence to support most of their outrageous claims.

Thanks for your reply.  My husband and I are still considering what to do.  The rental income is nice, but we could manage without it.  

Maybe we should do nothing at the moment and sell it if and when our present  tenants leave of their own accord, which I think they will when their child is older, as I think they will want a place with a garden.

I really don't want to give good tenants notice unless it is absolutely necessary.

That sounds like a reasonable approach.  As you could manage without the rent, there’s no real need to raise it.  It’s probably worth keeping decent tenants until they’re ready to leave and then make a decision to sell or not at that point.

2 lots of our tenants have both been in place for over 4 years.  We have not increased the rent at all in that time, even through the recent interest rate rises.  They’re both great tenants who look after the properties like it’s their own, so it seems daft to potentially have them leave by raising rents.  Like you, we don’t need the rental income for day to day living (it’s just increasing the pension war chest) so in our situation both tenants and landlord are winners.

Our tenants have been in about four years.  We raised the rent by £35 pcm this year, which they happily accepted - mainly so we don't fall too far behind the market rent (although we are still lower).

They do look after the flat well.  We couldn't wish for better tenants.

MultiFuelBurner

Ignoring the repeater in the room thanks to all that have responded so far with their varying amount of properties.

Yes it's obvious there won't be a million properties on the market but it will be interesting how this all pans out. We are certainly keeping a keen eye on properties we could snap up and add to the portfolio especially as we anticipate rent rises across the board for the foreseeable future.

What is clear however is that a lot of LL's will be very choosey over their next tenants and this is something we are going to have to do as well to protect ourselves.

Once the clouds clear the rent reform bill may prove just to be a little bit of extra admin for good landlords but a good way of weeding our the bad LL's.

Yellowsub2000

BungalowBel said:

I really don't want to give good tenants notice unless it is absolutely necessary.

There will be no provision at all for giving tenants notice once the legislation come in.

A LL can’t give notice at all. They could ask them to please make plans to leave but I would expect it would have to have some kind of payment to the tenants this would be negotiated.


tenants will be in very powerful positions once this comes into play 

I can see payouts of a few thousand pounds to get tenants to leave, this has actually already been happening and it’s cheaper than going through the courts but I can see the prices going up

Sunsaru

Yellowsub2000 said:

BungalowBel said:

I really don't want to give good tenants notice unless it is absolutely necessary.

There will be no provision at all for giving tenants notice once the legislation come in.

A LL can’t give notice at all. They could ask them to please make plans to leave but I would expect it would have to have some kind of payment to the tenants this would be negotiated.


tenants will be in very powerful positions once this comes into play 

I can see payouts of a few thousand pounds to get tenants to leave, this has actually already been happening and it’s cheaper than going through the courts but I can see the prices going up

This is factually incorrect.

Is this new RRB made out of hemp?? If so, have you been smoking it??

noitsnotme

Yellowsub2000 said:

BungalowBel said:

I really don't want to give good tenants notice unless it is absolutely necessary.

There will be no provision at all for giving tenants notice once the legislation come in.

A LL can’t give notice at all.

Wrong again…

”Recognising that landlords’ circumstances can change, we will introduce a new ground

for landlords who wish to sell their property and allow landlords and their close family members to move into a rental property. We will not allow the use of these grounds in the first six months of a tenancy, replicating the existing restrictions on when Section 21 can be used. This will provide security to tenants while ensuring landlords have flexibility to respond to changes in their personal circumstances.”

Plus improvements for the landlords…

”Landlords have raised concerns that some tenants pay off a small amount of arrears – taking them just below the mandatory repossession threshold of two months’ arrears (which must be demonstrated both at time of serving notice and hearing) - to avoid eviction at a court hearing. Where tenants do this repeatedly it represents an unfair financial burden on landlords in lost rent and court costs and indicates that a tenancy may be unsustainable for a tenant. We will introduce a new mandatory ground for repeated serious arrears. Eviction will be mandatory where a tenant has been in at least two months’ rent arrears three times within the previous three years, regardless of the arrears balance at hearing. This supports landlords facing undue burdens, while making sure that tenants with longstanding tenancies are not evicted due to one-off financial shocks that occur years apart.”

…and…

”In cases of criminal behaviour or serious antisocial behaviour, we will lower the notice period for the existing mandatory eviction ground”

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1083378/A_fairer_private_rented_sector_web_accessible.pdf

This is all looking a great step forward for the good landlords and good tenants.  What’s not to like 👍