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The other issue is that this will mean much less supply available at any one time. All good when you get to stay for three years, but happen when you are given notice after 3 years and there's nothing available?0
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Plenty of reasons for a LL wanting to evict a good tenant e.g.
LL wants the property for their own family to live in.
LL returning from living away and wants to move back in.
LL not wanting to do repairs. e.g. would rather sell then install a new boiler.
LL is retiring and doesn't want the hassle of letting.
LL doesn't find letting economically viable.
LL doesn't like the new tax regime.
LL getting divorced and needs to sell and split assets.
LL was only letting as couldn't sell when wanting to move so really wanted to sell.
LL wants to sell for many other reasons such as needing the money invested in the property to use elsewhere.
LL wants to do a full refurbishment or other building works so wants the property empty.
Most of those are either sell or move back in, of what I have been hearing that would still be allowed... It makes little business sense to do a refurbishment while a tenant is in place...0 -
So where are the people who can't afford to buy going to rent if the number of private rental properties available drastically reduces? This whole thing has not been thought through. It doesn't benefit anyone apart from the politicians suggesting it and they probably are not renting in a situation where they can't afford to buy.
I would imagine that the glut of properties you forsee coming onto the market would reduce selling prices and increase rents. Some of those unable to buy would then be able to buy; and some of the current crop of professional landlords would take the opportunity to expand their business. Then things would settle down again.0 -
Rosemary7391 wrote: »I would imagine that the glut of properties you forsee coming onto the market would reduce selling prices and increase rents. Some of those unable to buy would then be able to buy; and some of the current crop of professional landlords would take the opportunity to expand their business. Then things would settle down again.
In most of the country those people who want to buy can afford to do so. It is only the South East where prices are very high where there is a problem.
However those people who don't want to save up for a deposit are going to suddenly find that there is nowhere for them to live. Those who are choosing to rent will have a smaller choice of properties.0 -
In most of the country those people who want to buy can afford to do so. It is only the South East where prices are very high where there is a problem.
However those people who don't want to save up for a deposit are going to suddenly find that there is nowhere for them to live. Those who are choosing to rent will have a smaller choice of properties.
And someone else will buy those properties and rent them to those people... they're quite unlikely to just sit empty while other folk sleep outside.0 -
You know, if anyone has a problem with a potential type of landlord, such as having only one property, they can take steps to try and avoid that particular situation if they wish.
As for s.21, in my limited experience it has been an absolute lifesaver, S.8 really does not do the job of enforcing all the tenant's responsibilities in the Tenancy Agreement, in fact nothing does and so your only resource is s.21. I can't believe that landlords of any size would regard s.8 as any kind of substitute for a s.21, perhaps the most telling will be if lenders go for it. I think the whole idea of getting rid of it is completely fanciful.0 -
Plenty of reasons for a LL wanting to evict a good tenant e.g.
LL wants the property for their own family to live in.
LL returning from living away and wants to move back in.
LL not wanting to do repairs. e.g. would rather sell then install a new boiler.
LL is retiring and doesn't want the hassle of letting.
LL doesn't find letting economically viable.
LL doesn't like the new tax regime.
LL getting divorced and needs to sell and split assets.
LL was only letting as couldn't sell when wanting to move so really wanted to sell.
LL wants to sell for many other reasons such as needing the money invested in the property to use elsewhere.
LL wants to do a full refurbishment or other building works so wants the property empty.
Nothing to stop a landlord selling a property with a tenant in situ. They may not get as much money as they would with vacant possession, but IMO that's a right they should be prepared to sacrifice when deciding to let the property out.
S8 eviction notices already contain grounds for eviction for renovations or for the landlord to re-occupy.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
Small landlords are not necessarily ubusinesslike but do suffer from problems of a small business in that problems are magnified as they are more vulnerable to things that a larger business can withstand. Like a little shop could be devastated by one very bad season or shoplifters.
There are many accidental landlords around as well at the moment though who it is fair to say may not be professional at all but it is unfair to regard all small landlords like this and somehow put them in a completely different category to larger landlords. It shows rather a lack of understanding of them also as they face the same issues that matter to them as well.0
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