Rent reform bill

RHemmings

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

ReadySteadyPop

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

Sorry I  can`t see how this connects to the OP`s original point?

ReadySteadyPop

elsien said:

The Telegraph does seem to have an awful lot of “experts” commenting on vague stories about things  that Labour “could” do, at the moment.
There are a lot of things that most of us could do, were we so inclined.  Doesn’t  mean that we will.

True, but a few years ago some BTL borrowers would have laughed if you said interest rates would be where they are now, or that they would pay double council tax if they couldn`t find a tenant for a while?

RHemmings

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

Sorry I  can`t see how this connects to the OP`s original point?

It's relevant to this thread and your participation in it. I gave details for myself for the same reason. 

ReadySteadyPop

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

Sorry I  can`t see how this connects to the OP`s original point?

It's relevant to this thread and your participation in it. I gave details for myself for the same reason. 

Relevant to a thread about landlords selling up? Not sure I see how posters personal details are relevant to giving opinions on a general mainstream topic, but if it helps I used to be a landlord but I am not one any more.

ReadySteadyPop

newsgroupmonkey_ said:

gazfocus said:

However, to answer your question…yes, I think there will be a mass exodus of rental properties. The prospect of more fines/penalties, stricter requirements, making it more difficult to get tenants out, and then the capital gains tax going up, I think many landlords will try and beat the capital gains tax increases and sell up.

If, in November, capital gains goes up, you can be sure that it'll be immediate. Far too late now if you haven't already ditched your properties.

In fact, it's probably better off holding onto them, hope a Tory gov gets in in 2029 and reverses it.

Can`t see that happening really.

RHemmings

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

Sorry I  can`t see how this connects to the OP`s original point?

It's relevant to this thread and your participation in it. I gave details for myself for the same reason. 

Relevant to a thread about landlords selling up? Not sure I see how posters personal details are relevant to giving opinions on a general mainstream topic, but if it helps I used to be a landlord but I am not one any more.

Relevent when talking about deposits and how they have changed over time. Which you know. You just don't want to give the answer to my question. And, rather than just honestly saying that you don't want to give that information, you try and tap-dance around it. 

ReadySteadyPop

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

RHemmings said:

ReadySteadyPop said:

Herzlos said:

RHemmings said:

elsien said:

R200 said:

Notice Periods for Renters

• The Bill will increase tenants' notice periods from one to two months when they wish to vacate the property, helping landlords maintain better control over planning.

Many tenants will just stop paying rent for last few months that is their way of giving notice they they will be moving out soon 

You do have a bad habit of making sweeping statements based on no evidence whatsoever. 

As an ex-tenant, I would never have dreamed of stopping paying rent for the last few months. 

I probably would, but then when I last rented it was virtually unheard of to ever get a deposit back. Things may have improved a bit now but there's still a lot of queries come up here about unreasonable deductions and the reputation is still there.

If I thought there was a reasonable chance of getting a deposit back, I'd pay up until I'd left.

 The deposit becomes negligible the longer you stay in a property, it is pennies a month on the rent if you break it down after a few years, getting it back is neither here nor there for most people, the landlord is at a disadvantage though because the average deposit nothing like covers any serious damage.

Out of curiosity, how much was your deposit and how long have you been renting?

If a deposit is £2000 and a tenancy lasts for two years (not uncommon) then that's £83.33 per month which isn't tiny. However, if it was a deposit two decades ago, and it was £1000, then that's £8.33 a month, which is trifling IMHO. 

A deposit two decades ago would have been in the low hundreds in most parts of the country, and now with a sensible well financed private landlord it would probably be well under £2000 for many people, and even with your figures it is 2.70 a day or thereabout, and with all the legislation now very few people are not getting at least part of their deposit back after legitimate costs/damages..

My estimates were based on a current deposit sum as above. So, if it is £2000 now I think an estimate of £1000 two decades ago isn't going to be far off. And, keeps the numbers relevent to the OP.  The last deposit I paid in London was over £900, and that was over two decades ago.  I'm not sure that turning the figure into a daily amount is useful in any way. 

Can I ask how long you have been renting and how much your deposit was when you moved into rented? 

The OP is asking if even more landlords will try to sell up, I`m not clear on how your points refer to that?

You're right. The thread has wandered a bit more than I was thinking. 

However, as I pointed out, a £2000 deposit is entirely realistic for large parts of the country, and going back to £1000 two decades ago also. I don't see that you have raised any points that dispute this. And, spread over a typical length of a tenancy, that's a reasonable amount of money per month. It isn't negligible for many renters indeed. 

I note that you have just ignored my question about how long ago you moved into rented, and how much your deposit was then. 

Sorry I  can`t see how this connects to the OP`s original point?

It's relevant to this thread and your participation in it. I gave details for myself for the same reason. 

Relevant to a thread about landlords selling up? Not sure I see how posters personal details are relevant to giving opinions on a general mainstream topic, but if it helps I used to be a landlord but I am not one any more.

Relevent when talking about deposits and how they have changed over time. Which you know. You just don't want to give the answer to my question. And, rather than just honestly saying that you don't want to give that information, you try and tap-dance around it. 

 If tenants are moving around so much and shelling out these large deposits why are we hearing that landlord`s are trying to sell up? Is it because these things are not really happening on the scale you claim?