BREAKING NEWS - Renters Rights Bill Announced - Bad News Landlords

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Property Accelerator - James Nicholson

Property Accelerator - James Nicholson

Күн бұрын

Пікірлер: 1 700
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Grab the FREE Renters Rights Ebook here - marketing.property-accelerator.co.uk/rentersebook
@mcgillyface
@mcgillyface 2 ай бұрын
@@propertyaccelerator I will thank you
@TedNLouTherapy-cs8ly
@TedNLouTherapy-cs8ly 2 ай бұрын
I’m fighting social landlord kept us in a slum for 5 years we lived with rats, they moved us to temporary housing changed locks and kept raising rents to only find out we’ve been charged bedroom tax on a reception room not a bedroom lol now their trying to evict me on 27th on their adversary bs now tgeir preventing housing claim due to this they’ve even lied to court saying I don’t get benefits when I do and they know it, I’m also training to be foster carer so their acting in such a criminal and Housing Onbudsman can’t do anything with them lol 😂 they’ve zero complaints tgeir criminals to the core
@peacefulsleep7052
@peacefulsleep7052 2 ай бұрын
Big corp's going to buy it all up. That's the plan and the point.
@gregking8356
@gregking8356 2 ай бұрын
Can’t download this. Is it because I’m trying on iphone?
@Pangie77
@Pangie77 2 ай бұрын
Well, I'm a renter. After being told by my landlord (verbally) that I could indeed stay here and retire, I spent over £20,000 doing the house and garden up. I assumed that it was an investment. Landlord rep visited regularly and was very happy with everything I'd done. Three years in and I've been told that they want the house back, whilst congratulating me on being an exemplary tenant. So, the new rights will protect me from landlords who take advantage of renters like me. I wasn't going to mention this because I was too embarrassed to do so but, what the hell! This is the second time that this has happened to me - makes me feel like a fool.
@BeingEmilie
@BeingEmilie 2 ай бұрын
Why not use that to buy your own place?
@Pangie77
@Pangie77 2 ай бұрын
@@BeingEmilie I'm too old. It's ironic because I've never missed a month's rent (which is the same amount you would spend on a mortgage), have disposable money to spend on the house to make it a home but I can't get a mortgage because of my age. There are lots of renters like me. We are decent people who treat the rented home as if it were our own (looking after it) but we have absolutely no safety and have sleepless nights because of the Section 21 rule. I've been served twice. In both cases, I was promised that it would make a great retirement home only for the landlord to change their mind a couple of years in. So, once again, I have to uproot myself and start again. People who have never had to live under the shadow of Section 21, have no idea of the impact it has on our health and well-being.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I dont think any protections would help with what you spend on the property. That is a risk you would always take so be cautious on your next place. But you are right the other parts will protect you more.
@Pangie77
@Pangie77 2 ай бұрын
@@propertyaccelerator Yes, I realise that now. I just wanted somewhere to put roots down. Basically, I'm left with little choice - live in a house as if it was a hotel (not decorate or improve) or risk spending on it to make it nice. Hopefully, the new rules will protect me now.
@BeingEmilie
@BeingEmilie 2 ай бұрын
@@Pangie77 I'm really sorry to hear that
@Alf-Garnish
@Alf-Garnish 2 ай бұрын
Bring all the rules you like, if landlords are bailing out, there isn't going to be property to rent any more.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@Chipchap-xu6pk
@Chipchap-xu6pk 2 ай бұрын
That would be quite an achievement, freeing up housing stock for social housing and reducing home prices for first time buyers. Middle men, scalpers and touts buying up stock of graphics cards, concert tickets and housing pushes up the prices for honest buyers. Rents being higher than mortgages is proof of a market that is not functioning. Nobody but landlords will mourn their loss.
@paulgbar666
@paulgbar666 2 ай бұрын
​@Chipchap-xu6pk You are deluded if you seriously believe any of what you have so naively stated. You clearly are economically very naive As you are probably aware many hundreds of thousands of letting properties have been sold. Few have reduced in price and few have been bought by former tenants or FTB. So basically everything you have stated is wrong
@barmy_irooni
@barmy_irooni 2 ай бұрын
@@Chipchap-xu6pkokay Abdul what ever you say…NOT!
@meggriffin4802
@meggriffin4802 2 ай бұрын
@@Chipchap-xu6pkHow will that free up housing stock especially for social housing. It will just flood the market and even if prices come down you will still have to be able to get a mortgage which is not the easiest. All it will do is corporations will buy up stock and that is not a good thing as it won’t be social. The demonisation of landlords will come back and bite people. And no I’m not a landlord
@dr.impossibleofcounterpunc1984
@dr.impossibleofcounterpunc1984 2 ай бұрын
The government don't want a middle man between the person renting the property. In the future, the state and private trusts will be the biggest landlords in the UK. Housing Associations already make up a considerable proportion of ownership in Britain. This is about gaining more control over renters without having private, independent landlords. There's a significant shift happening, and state is making certain they have all the say over those individuals who are renting properties. I suspect that in the next 20 yrs in the UK, the UK state and housing association trusts will be the dominant landlords across the country. This is all about economic control.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@tedthesailor172
@tedthesailor172 2 ай бұрын
After the end of WW2, the property rental sector became largely dominated by local authority housing in order to replace homes for so many destroyed by bombing and at the same time promote slum clearance. `Corporation' housing took up many of the brownfield and inner-city locations. There is no reason to suppose this was done for "economic control", but just to house people - especially those who may not qualify for a mortgage. It was an ill-wind that blew when Margaret Thatcher sold much of the stock off for a fraction of its value in the hope that traditional Labour renters would be bribed into voting Tory. All that ultimately happened was a collapse in affordable rental housing availability. Compound that with soaring immigration in the decades to follow and another ideologically-driven diktat to prioritise remaining affordable rental stock for immigrants and we've turned full-circle to pre-war conditions. So long as people are comfortably and safely housed in a way that is not subsidised by public/private-sector taxation, what does it matter if there's a "middle man"...?
@dr.impossibleofcounterpunc1984
@dr.impossibleofcounterpunc1984 2 ай бұрын
@tedthesailor172 You are looking at two very different periods of time. I'm well aware of what the Labour government did, then the Tories. Today, a different model and objective is being developed that won't ultimately benefit the renter, but ultimately will benefit the state and the third sector Housing Associations where owning a property is impossible. The future for Britain will be more and more people priced out of the housing market and shoved into properties that they no longer own. The Housing Associations will become more like feudalistic barons who will have the ability to put up rents significantly on a house or flat you don't own. Home ownership is becoming more and more difficult for younger generations, and mortgage rates are going up. It's apparent that third sector organisations with the state are muscling in and deliberately destroying the landlord lord sector so they can control the leavers of social housing. To reset a sector and destroy it deliberately indicates the agenda being developed. Economic control over housing through two avenues like the state and third sector Housing Associations demonstrates where Britain is heading. You will own nothing and enjoy it. 😉
@tedthesailor172
@tedthesailor172 2 ай бұрын
@@dr.impossibleofcounterpunc1984 Actually, I drew upon 3 periods - the post-war austerity period, the Thatcher period and the Blair period. You raise some interesting points, but I don't think the future of home ownership need necessarily be as dystopian as you suggest. Private house-building continues and there seems to be no shortage of buyers. Housing stock is less of an issue than land, as the latter is a finite resource. House building could be made much cheaper than traditional methods allow. For example, private studies have demonstrated that the whole structure can be pre-programmed into robotic builders literally able to `print' them from the ground up. That may sound far-fetched but the technology is already established. alternatively, they may be purchased ready-made on a modular basis, so that your house enlarges as finance and family dictate. Limits upon available land may mean future generations come to terms with smaller houses - rather like the post-war emergency "prefabs". Though I certainly agree that urban densities may require more detailed oversight...
@wecandothiswarriors
@wecandothiswarriors 2 ай бұрын
Absolutely. You will own nothing but you will be happy. Apparently
@666bernadette
@666bernadette 2 ай бұрын
If a landlord would never live in a substandard property why should they expect a tenant to.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
True
@IamSoAdorable-lh7ob
@IamSoAdorable-lh7ob 2 ай бұрын
@666bernadette Most tenants bring the properties to that substandard after moving into that property. If properties are of such bad standard, then why would a good caring renter take that property in 1st place.
@LouLou10000
@LouLou10000 2 ай бұрын
Exactly
@tobymaltby6036
@tobymaltby6036 2 ай бұрын
@@IamSoAdorable-lh7ob There is something called *natural wear and tear* A lot of LLs don't seem to grasp this.
@IamSoAdorable-lh7ob
@IamSoAdorable-lh7ob 2 ай бұрын
@tobymaltby6036 If you are a perfect tenant, i would like you to be my tenant, bro. I give my properties absolutely on top candition and i am always on top of maintaining it. I pay hefty amounts to British gas for all gas, drainage, heating, etc. covers along with all repairs done within 48 hrs mostly..as usual all electric and gas certificates, etc, in order. Do i get my property back in the same or near the same condition? Never. Mind you, i have 2 tenants who are not willing to leave, not because of any other reason but because i am a very good LL they are there since 7-9 years. I don't increase rent unnecessarily and leave them alone. So, not all the tenants are bad (in my experience, mostly are). Similarly, not all the LL are bad (knowing from a big circle, most of them are good). People who are not the LLs dont know what LLs has to go through to make a few pennies after paying for the mortgage and repair and court bills, etc. LL has a very little right, and they are determined to take those away as well.
@kmack5799
@kmack5799 2 ай бұрын
I'm a responsible landlord who's always looked after my properties and tenants and had a portfolio of 7 properties. Due to government's attitude towards landlords, I've sold them all off and just put the last one up for sale this week! If they want to screw me as a landlord, I won't bother and add to the housing shortage in this country. These complete fuckwits in charge haven't got a clue or the foresight to see they are creating a huge rental crisis in the years ahead!
@nicholaswood1301
@nicholaswood1301 2 ай бұрын
That’s what they want lol 22:30
@kmack5799
@kmack5799 2 ай бұрын
@@nicholaswood1301 You're probably right although I don't understand why when theirs a house shortage!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@schrodingerscat1863
@schrodingerscat1863 2 ай бұрын
I did the same as soon as they started talking about this, no way was I willing to take the risk of a bad tenant that I can't get out of the property for months. Even higher rents just aren't worth it now because there have been so many changes that have impacted profitability on rental properties. In the end, for me, it just stopped being worth it. It was clear that this would cause a mass exodus so getting the properties on the market early meant I sold at the top of the market rather than now where there are a glut of rentals being sold off.
@fizywig
@fizywig 2 ай бұрын
We have the empirical cases of Ireland and Scotland with regard to rent controls and their effect IN THE ABSENCE OF A MAJOR RDCORD BREAKING HOUSE BUIKDING ORIGRAMME.
@jan-marie
@jan-marie 2 ай бұрын
Good finally justice for renters
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@TrevorAngel
@TrevorAngel 2 ай бұрын
Greedy landlords abusing section 21 is the cause of these changes - tenants are not just the lowest form of pond life whose sole purpose is to pay the landlords mortgage - tenants are people that want a home not just a roof to keep the rain off until the landlord decides it’s time for them to do one! This is the perfect bill to deal with greed!
@BillsAllotmentDiary
@BillsAllotmentDiary 2 ай бұрын
No it's not it's all part of an agenda to steal land and property from the little man check out agenda 2030 and agenda 2050 this is a massive scam. Most poor housing is run by social housing authorities controlled by local government not landloards although there are some bad landloards.
@garydully3455
@garydully3455 2 ай бұрын
@@TrevorAngel section 21 was used to avoid a mandatory court case, now all evictions will involve dragging a tenant into court for a CCJ and its associated costs. That’s why it was called a no fault eviction, it didn’t affect a tenants credit rating, but now that’s about to change.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@TrevorAngel
@TrevorAngel 2 ай бұрын
@@garydully3455 you missed my point - landlords abused it, they used it to increase rents, that’s the problem. The professional landlords understand the letting business but there are too many amateur landlords that genuinely believe it’s their right to throw a family out because it’s their property and they can do what they like whenever they want. Those landlords are in the wrong business and thankfully now will either sell or learn how to be a proper landlord the hard way.
@phillipchapman169
@phillipchapman169 2 ай бұрын
It may well be the some private landlords abused section 21, but some don’t. Unfortunately no law is entirely equitable for either party all of the time. Landlords and renters need to negotiate where rent increases are on the cards where a landlord may be compelled to increase the rent to cover their inflationary costs, then the renter has to evaluate and negotiate whether that is manageable. However, I wish to disabuse some renters from the feeling that private landlords are a form of social housing. They are not. And any renter good or bad (and I think we can agree they are those of equal measure as with landlords), need to appreciate a landlord is in effect running a private business. A renter agrees and signs a contract with the landlord to stay at the residence for a period for a fee. Both parties are obliged by that contract. There may be a genuine change in the landlords circumstances where Section 21 is enacted and the renter knowing of section 21 accepts all these rules when they sign the tenancy agreement. Renting is not permanent residency hence the term ‘Assured Shorthold Tenancy’. I had to rent a flat I owned while I looked after my mother until her death. The first tenants were excellent. The second tenant later stopped paying rent after a few months. I persuaded (legally and considerately) that tenant it was time to go and I sold up and would bother letting a property ever again as government seem intent on taking rights away from landlords in favour of renters. In reality governments are ducking out of their promises to build affordable housing not to mention that if they continue to allow all and sundry entry to the UK, it is no surprise there will be forever shortages of housing.
@slomofs
@slomofs 2 ай бұрын
If they get rid of Section 21 they need to replace it with something else that offers the landlord the same protections - the landlord is the OWNER and as the owner he or she is ENTITLED to have the property back.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I think they might, right now nothing is included but that might change.
@ricardosmythe2548
@ricardosmythe2548 2 ай бұрын
The landlords right to get there property back has to be balanced with the tenants right to security. Landlords have had it to far there own way with section 21 to the detriment of the tenants security. Any fair rebalance is going to feel unfair to landlords after having section 21 previously.
@Jacky5299
@Jacky5299 2 ай бұрын
​@@ricardosmythe2548hardly balanced if you have to go to court for reposition when you own or have a large loan against.
@allykhan8594
@allykhan8594 2 ай бұрын
​@ricardosmythe2548no worries, landlords are leaving prices going up and tenants now cant save for deposits, all winners!
@bobjames6622
@bobjames6622 2 ай бұрын
Starmer and chums are Stalinist Communists. They HATE the "ordinary" people owning private property, so your wish/suggestion will NEVER happen.
@simon-k7m
@simon-k7m 2 ай бұрын
I bailed on rentals in 2018 , after being told by an estate agent that my rent was going up and there was nothing I could do about it (sec21) and if I didn’t like it I could do the other thing . Bought a motorhome job done . Renting is a nightmare and unaffordable!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@allykhan8594
@allykhan8594 2 ай бұрын
@@simon-k7m fractional reserves banking, the money system it is the west creating endless money chasing finite commodities.
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
They want you all homeless... so the banks can cut out the middleman, the wannabe turd burglar setting up backstreet corporations like Rodney you plonker associates ltd to store all their little cheap debt loans secured on property...hoping all the little desperate renters pay all the debts for them..
@dianeshannon7988
@dianeshannon7988 2 ай бұрын
Tell me more
@simon-k7m
@simon-k7m 2 ай бұрын
@@dianeshannon7988 More of what ?
@IvanAmbrose
@IvanAmbrose 2 ай бұрын
Many tenants don’t want to become landlords themselves, they just want to go from being a tenant to a property owner.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@chris-vn6sw
@chris-vn6sw 2 ай бұрын
How about removing Statmer from No10 under section 21 🤔 Asking on behalf of the nation 😜
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@marklawrence8517
@marklawrence8517 2 ай бұрын
My personal experience! A Tennant wanted to keep a pet (stick insect), no problem with that. Then months later I get a call from the council about damp in my property so I investigate. Turns out the Tennant has been keeping 3 snakes, some rats and an iguana. He has the heat lamps on all day and no windows open anywhere. You can feel the humidity as you walk in. The council came down on my side thankfully but it could have been expensive! .
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Wow not great but I get it I have heard similar stories.
@Christoff8188
@Christoff8188 2 ай бұрын
Sounds like this wouldn't be a no-fault eviction though, had you wanted to kick them out? So irrelevant to the change? Unless I'm mistaken?
@eyresr
@eyresr Ай бұрын
The bill is very vague on pet insurance and on the whole pet question. What if the tenant has to get pet insurance, but doesn't keep up payments. The landlord will never know. Personally I'm going to claim on every pet insurance at the end of a tenancy. Theres no way of knowing that their pet didn't pee on the carpet unless every carpet is lifted.
@austinswallow
@austinswallow 2 ай бұрын
There is nothing in there about the TENANTS responsibilities, such as due care of the property and PAYING the rent on time. I know a number of landlords that have had enough (local councils are now wanting landlords to be licenced) and are ending tenancies and selling up - a case of unintended consequences, where are all the tenants going to go? Some may buy, the majority will not be able to do so, Labour are creating a massive problem for themselves, well done Keir Starmer - I hope when you get served notice to quit you vacate quietly!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@alexeyluzhnov1615
@alexeyluzhnov1615 2 ай бұрын
To be fair I'm agreeing with all of the points. We do this as a landlord anyway, in fact I always thought that, this is already in place. Absolutely supporting this.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@elainefisher747
@elainefisher747 2 ай бұрын
We had an apartment we rented out. I always said I wouldn’t expect anyone to live in anything I wouldn’t.
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
@@elainefisher747 No, you just got a good deal on cheap debt, you really don't give a turd what people have to live with...
@jendrizzyy
@jendrizzyy 2 ай бұрын
If only everyone had that point of view - sadly they don’t
@schrodingerscat1863
@schrodingerscat1863 2 ай бұрын
It will destroy the rental market what little there is of it left. Personally got out as soon as they started talking about this.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@motodudu
@motodudu 2 ай бұрын
So if there’s a record numbers of landlords selling up, do you reckon that big companies / corporations will fill that void, buying up these properties and renting them?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I dont, I think the big companies will build new build blocks of flats. Easier to manage, one roof all the maintenance split between the flats.
@dmobanton
@dmobanton 2 ай бұрын
I've seen this done already, 70+ properties in a new build ​@@propertyaccelerator
@wicked-witch-of-the-west
@wicked-witch-of-the-west 2 ай бұрын
@@propertyaccelerator Do you think they will also do HMO's as wel.
@paulgbar666
@paulgbar666 2 ай бұрын
No they won't. Corporates are only interested in blocks of flats that are EPC C compliant They are NOT interested in individual properties few of which are EPC C status.
@barmy_irooni
@barmy_irooni 2 ай бұрын
They’ve got bigeee fish to fry!
@kennethausten
@kennethausten 2 ай бұрын
Many years ago i remember my grandparents paid a pittance in rent as land lords were not allowed to increase the rent. Landlords were selling up fast . Eventually it all changed. Many sold to the tenant at a reduced price. Seems were heading that way again.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@willowvc1910
@willowvc1910 2 ай бұрын
In the process of buying the property for a reduced Price quick sale,I've been renting for over a decade! My landlord has had enough of all the government's rules he's selling 9 of his properties x
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
2 ай бұрын
Impact on tenants seeking accommodation in the future will be: 1. Reduced housing supply 2. Increased rents 3. Stricter tenant screening 4. Reduced investment in rental properties 5. Shift towards short-term rentals 6. Deteriorating property conditions 7. Reduced flexibility 8. Increase in 'Informal' rental arrangements 9. Regional disparities 10. Longer waiting times Well done Labour.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Great points
@JennyGavinWear
@JennyGavinWear 2 ай бұрын
why point 6, please?
2 ай бұрын
@@JennyGavinWear You'll do the bare minimum to renovate a property because doing any more won't benefit you one jot. It's what happened in the 60's to 70's, home standards will slowly deteriorate, year on year. You'll have no incentive to keep tenants happy other that being threatened. I've rented to (mostly) really lovely people (at all stages of life) over 30 years and, without a thought, done everything I can to keep them happy. That will all end when the threats are so high of loss it's just not worth doing at all. In the last 3 month I paid for new mattress, £200 to replace one that was only 2 years old (and perfectly clean but the tenant found "uncomfortable" - and suggested it was causing health problems..subtle manipulation?) and £800 to for a small roof leak that was supposedly guaranteed - but the roofer that did it vanished. Tenants are clueless about the real cost of living in property that they're shielded from - they will soon find out.
@zrymill
@zrymill 2 ай бұрын
That's what the Labor party in New Zealand did between 2018 and 2023. They destroyed the rental market and pushed up prices. Labor party thinking is probably the intelligence of a 14 year old, they just don't understand markets and how to make things work. In the UK this will just produce less properties = higher prices.
@lesleysmith8300
@lesleysmith8300 2 ай бұрын
Yep, l think it will be a nightmare. That's what the wealthy want, as they want to own everything.
@coolperson456
@coolperson456 2 ай бұрын
They did a simular thing in new zealand a few years ago and it caused rent to go through the roof because landlords abandoned the market. Supply and demand. The same will happen here.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I agree
@fionadale1011
@fionadale1011 2 ай бұрын
There are so many homeless people in NZ now, it's so sad and I consider so unKiwi. When I left 17 years ago homelessness and begging was unheard of , except for a handful of street kids.
@cdeford2
@cdeford2 2 ай бұрын
The way to stop that is to abandon the market rate test, which is no test at all, since landlords can act as a cartel, and do. Rent controls are the only short-term solution, while the long-term solution is to increase housing stocks.
@IK-yx2gj221
@IK-yx2gj221 2 ай бұрын
You are very good at articulating things James! - It will be interesting to know what's your personal take on private renting? Like you said you have been a landlord for 20+ years but would you want to carry on being one in situation like this? Perhaps a video for new & existing landlords with Dos & Donts to sustain in this market would serve like hope & positivity in this decade. many thanks and keep up the good work!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I will continue to be a landlord and will not sell any properties. I understand why a lot of landlords will quit but I think its still a good business. In fact the bad landlords will be gone which will be good for me and tenants.
@JennyGavinWear
@JennyGavinWear 2 ай бұрын
@@propertyaccelerator this is the post i was looking for and it is exactly what I am thinking. I noticed the difference in attitude of the landlords in this channel between those for and against these changes in the law and I am pretty sure whose properties i would be happy in!
@jendrizzyy
@jendrizzyy 2 ай бұрын
Aren’t we in a housing shortage ? How is less rooms better? Gov will buy up homes and control who and when gets to live somewhere - this age old bad landlord good landlord game is tired and even the government knows it! How embarrassing
@scienceevolves4417
@scienceevolves4417 2 ай бұрын
​@@jendrizzyy😂😂😂😂😂😂😂😂😂😂😂😂😂😂 Govt will buy homes eh?
@coolco1619
@coolco1619 2 ай бұрын
A big Thank you for these information.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Glad it was helpful!
@jamesm90
@jamesm90 2 ай бұрын
I got out of the rental market, sold my rental property, too much power to tennants that decide not to pay.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@andrewcadman951
@andrewcadman951 2 ай бұрын
Three things if I may: 1. No hardship clause by the sound of things - a massive relief. 2. Section 21 - what happens if you want to sell your property? Will this still be rolled into Section 8? 3. I think you are wrong to assume the rise in CGT will only apply from the next financial year - it will be put up immediately from the day of the October budget to avoid a massive fire sale by landlords selling up to avoid the deadline. Finally thanks again so much for this great channel and the guidance you give.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
If you want to sell your property you will still be able to, I guess a new Section Something will come out. I think they will give some time for CGT but I do agree a massive sell off will happen.
@gigas302
@gigas302 2 ай бұрын
Thanks James for your work. England is starting to feel the pain wales is enduring.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@paule7921
@paule7921 2 ай бұрын
A friend of mine is swerving all the rules by renting to family. Great move imho
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Nice one
@barmy_irooni
@barmy_irooni 2 ай бұрын
It will probably end up being regrettable decision as they say sorb go into business with family or friends! Most of the horror stories that I’ve heard from landlords (accidental one)or people in general is that they’ve rented out to family/friends!!!
@yousefshokir6481
@yousefshokir6481 2 ай бұрын
Not until the tide turns against him and his family start messing up 😂
@tonysanders536
@tonysanders536 2 ай бұрын
As a long term renter, I am not sure that this is necessary, the only thing that needed to change was 2 months for section 21. If that was moved to 6-9 months that was all that was needed. I have always found lanlords to be reasonable, once I realised that I should only deal with professional Landlords not single property landlords. To much regulation is not necessary.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Great points.
@Christoff8188
@Christoff8188 2 ай бұрын
Opposite case for me. I've found landlords with 2-5 properties are worlds apart from landlords with large portfolios and failing a human touch. To be honest, I think the tenant's handling of the home and their rapport with said landlord is what truly makes the difference.
@pauljones3073
@pauljones3073 2 ай бұрын
It will be the end of small landlords, leaving large companies in control, there will be no compassion. Fewer properties will be offered for rent. I am a renter, house is below par, but the rent is lower to reflect this.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
True
@AnneTraynor-n6s
@AnneTraynor-n6s 2 ай бұрын
Who'd want the hassles of being a landlord. A family member has just given up on it. Two tenants is all she has had and they both left her with a total mess. She is now out of it. The stress, costs etc where too much. All this even before this new bill.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
Never a lender or borrower be! Its the mark of the beast! And you have just experienced the beast and lost!!
@tobymaltby6036
@tobymaltby6036 2 ай бұрын
@@AnneTraynor-n6s OK, well, not everyone is cut out to be a Landlord. There are other ways to earn a living.
@eyresr
@eyresr Ай бұрын
I've been a landlord for 25 years and never had a problem until recently. In that case the tenant didn't heat the property in winter and caused mould damage which cost me £7k to put right. Arbitration sided with the tenant. I've since decided to sell up
@allykhan8594
@allykhan8594 2 ай бұрын
Thing about mold, if you do not turn the heater on you likely to get mold! And because many are struggling with costs they not heating the houses properly.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Agreed some mould is tenants fault, will be hard for landlord to prove.
@DC-uf6ve
@DC-uf6ve 2 ай бұрын
Yes I've already had an idiot going mad over standard condensation mould that the slovernly twat refused to wipe away but also refused to open a window or turn on the heating. Had experts in who diagnosed it as condensation mould, he then got environmental health involved who also told him the same. Tenants now are a disgrace compared with ten years ago. Entitled and grubby but soon you'll just have to let anyone in to ruin your investment for as long as they want to stay.
@QBR1234
@QBR1234 2 ай бұрын
This can be the case sometimes. Poorly designed and outdated housing stock is more often to blame.
@Bubbles77418
@Bubbles77418 2 ай бұрын
​@@QBR1234 we rented a house that was only 10 years old and it was full of mould. Very badly built by persimmon (surprise, surprise)
@allykhan8594
@allykhan8594 2 ай бұрын
​@@QBR1234that is also true, the tenants leave so house can be redesigned?? Rushed legislation looks like.
@brianlopez8855
@brianlopez8855 2 ай бұрын
In the early 1980's there was no new active rental market in the UK, it had been killed off in the 1960's. The tenants either had rent controlled tenancies from private landlords or secure tenancies from Councils and housing Associations or shared accommodation with landlords. We are headed back that way again. So those who aren't lucky enough to have a tenancy - where is everyone going to live ?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
It does not seem like they have thought this out.
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
@@propertyaccelerator The rental sector has never been thought out... as a landlord I think you know this...
@jonathanjonathan7386
@jonathanjonathan7386 2 ай бұрын
this is the question that none of the landlord haters can ever answer.
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
​@@jonathanjonathan7386 Landlord haters you say? Are you one of those people who have been brainwashed and indoctrinated to believe that Landlords provide a service.. Sorry... I mean virtual landlords provide a service called housing? Excuse me... I think I'm going too... I'm........ going to BURST OUT LAUGHING!!! HAHAHAHAHAHAHAHA
@jonathanjonathan7386
@jonathanjonathan7386 2 ай бұрын
@@legalfictionisfraud and so you too failed to answer the question...
@brianbosomworth7555
@brianbosomworth7555 2 ай бұрын
The bigger landlords won’t have an issue with this new bill. The smaller landlords like myself will be massively affected so selling up is an option. To me this bill is the first step to push the smaller ones out of the PRS.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
2 ай бұрын
Upwards 'Bidding war' ban? No problem. Advertise the property for 25% or 50% more than you ever expect to get, and ask for closed bid's. Closest to the asking price wins; they'll be bidding DOWN, not up. Pet insurance? who pays first for damage in excess of the deposit? When will pet insurance pay, to whom and how much? "Decent Homes Standard"? OK..so tenants must insure the Landlord again litigation as a condition of the lease? Probably. All this will hammer tenants and PRS supply.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@priiyoo
@priiyoo 2 ай бұрын
Decent home standards 😂😂😂😂 should be a 2 way streak. They should give it back decent too when they leave the rented property. Secondly, so many privileges then why not increase the deposit needed to 8 weeks for the rental. Sometimes the damage is so much 5 weeks of rent does not cover it. Or say they have arrears
2 ай бұрын
@@priiyoo Absolutely. Th * I've had to clean up after every tenant leaves..paint work scuffs, filth behind cookers, stains on mattresses' even though they've been given protectors , toilets etc etc.
@priiyoo
@priiyoo 2 ай бұрын
Don't get me started. Just done a checkout today. Had walls painted last year and you should see the state now. Plus the oven is dirty, scruffy cooker.
@robertdavies8305
@robertdavies8305 2 ай бұрын
Sell your rentals and invest overseas. Enelgand is not good for investments. In County Durham, because of the two-tier system, the council has a private landlord licensing system. This council has split the communities into zones. Those who have licensing and those who do not. In their newspaper, they bragged that they did 40% of landlords licensed. However, they did not tell people that all areas within the county are split into zones. The county council made 52 million this year by forcing licensing on landlords who are within their zones. This is a Labour Council been in office for 108 years.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@mcgillyface
@mcgillyface 2 ай бұрын
My friend is a landlord for one house but he let to a couple but now finds there is 15 people living there with family members. What can he do he hasn’t yet done anything he’s worried that he’s unable to doing anything.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
He can serve Section 21 and Section 8 notice to get them out. He should speak to a solicitor.
@mcgillyface
@mcgillyface 2 ай бұрын
@@propertyaccelerator it was his first property and is getting worried things could escalate with how many people are living in the property. I will pass it on to him thank you
@barmy_irooni
@barmy_irooni 2 ай бұрын
You can only increase the rent once a year provided that the tenancy was for 12 months initially at the start! If landlords are increasing rents continuously during a year it’s illegal & I recommend tenants report the landlord/agent for this! By the way I’m a landlord & deal with many many tenants!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@huramshahz6844
@huramshahz6844 2 ай бұрын
Report to who mate my house has mold and it has water leakeage in kitchen landlord not repair it he refuses he just saying leave the property but i cant find house what should i do plz answer? I reported in council but no one come to see a problem we have what the suggestion?
@brianlopez8855
@brianlopez8855 2 ай бұрын
different "communities" have different standards of dealing with housing and tenants.
@BeingEmilie
@BeingEmilie 2 ай бұрын
Well, it's not illegal if the tenant agrees but realistically it all should be done on a sec 13 which can only be increase once a year. Of which the tenant can challenge it a tribunal. So really nothing has changed here
@GabrielLeni
@GabrielLeni 2 ай бұрын
It's going to be painful for a couple years but it's a great way to start a transition to a more balance and realistic market. It will pull the dirt from under the carpet and greedy scammers will be forced out of the housing market. This will also make the housing offer problem incredibly painful and obvious forcing the need and interest in building better houses.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@StellaDeleuze
@StellaDeleuze 22 күн бұрын
I'm in a situation as a renter in a very sought after (now) area. I've lived in this flat for 3.5 years and I'm paying below market price. Now I should also mention that my landlord keeps ignoring my (very reasonable) repair requests. And if he does a repair it's a 'band air over broken bone' kind of botch job. He came today because I told him my bathroom window is going to fly out of its frame in the next storm. His 'repair' made the job worse and now I can't close it. When I told hm that I really think it needs a new window he said that he thought I wanted to move out. When I told him I can't afford it, he basically just said he's going to increase the rent. Thing is had I not 'criticised' his awful repair job today, he'd never said anything like this. How can a tenant be protected by this? I've never met a good landlord in the UK. All have been negligent and greedy, down to abuse, calling me names, etc. I hate this place. He's never helped me with the noisy neighbours, nor done any repairs, including a leak that drips heavily into a socket. I pay my rent every month on time, I don't party, I'm quiet, don't have visitors often, and no telly. I'm a good tenant but keep getting those landlords who are all nice when keeping the head down, but if you dare to ask for something you're treated like a rat. He literally was annoyed at me today and said it was a waste of time to come. Seriously? I fixed the mouldy (someone had painted over old mold, which I assume was him) silicone on the bath tub. I got so bad, I just couldn't take it anymore, so fixed it myself. I'm not paid for it, nor do I get the cost of the silicone back. I fixed the kitchen window where I could see daylight through the frame. Same in the front room. The list goes on. I've now drafted a firm email listing the repairs I want done with a deadline, will get environmental health involved and from now on will fight him on everything. I've had enough of bully landlords who get away with murder. Where are all those good landlords? Where?
@propertyaccelerator
@propertyaccelerator 21 күн бұрын
Sounds like you are having a nightmare sorry to hear that. Always pick a property with an agent then they can push the landlord to get stuff done.
@StellaDeleuze
@StellaDeleuze 21 күн бұрын
​@@propertyacceleratorI wish that were true. My friend is renting through an agency who doesn't do any repairs, despite her asking for it for years. They only ever raise the rent..she resulted doing a lot of work herself for the past 12 years. I just wish we could take landlords and agencies like that to court for free.
@BillsAllotmentDiary
@BillsAllotmentDiary 2 ай бұрын
House across from me in Manchester is up at £1500 per callender month. Most people in my area dont earn £1500 per month so how the hell are locals suposed to rent? Are the council going to use tax payers money to house illegals and others who've never paid tax in this country ever?????
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@kkaur3489
@kkaur3489 2 ай бұрын
I run a small agency in London, and most of my landlords have decided to sell their portfolios because of these 'one sided' rules just for landlords, when it's their hare earned money, they sacrificed so much in order to buy even one investment property, this is super frustrating :( This is going to put many many people out of work too, well done, Labour!!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Its not great for sure. So many in the comments here doing the same.
@JASuperflex1
@JASuperflex1 2 ай бұрын
But they are not one sided laws, it was only yesterday when landlords were not returning renters deposit so they introduced the deposit protection scheme. Now they want to protect renters rights to rent more because of the rogue landlords. Personally I think most of you are psychopaths and reading some of the arogant comments here just shows. No pets no children no dss that is discrimination which most of you refuse to acknowledge Good luck to you
@Christoff8188
@Christoff8188 2 ай бұрын
Sounds good. More stock, lower house prices, fewer people priced out of buying and thus not needing to rent. Continue selling if you're that afraid of your tenants. The decent landlords vet their tenants, so aren't afraid of these changes. At least, not the ones I've spoken to.
@jendrizzyy
@jendrizzyy 2 ай бұрын
Open your eyes ffs more control is not the answer - labour bum lick
@andyquelch5754
@andyquelch5754 2 ай бұрын
I know 3 landlords who sold all their properties because they knew what was coming would ruin them. That's twelve good homes no longer on the rental circuit. If this is replicated across the country there will be a shortage of rental properties which will drive up rental costs. This is another of those policies that will be self defeating and very destructive.
@ramfan010
@ramfan010 2 ай бұрын
How do you know the houses sold are not still being rented out?
@andyquelch5754
@andyquelch5754 2 ай бұрын
@@ramfan010 Because they are my friends. As I said, I know them. They were sold to private buyers who now live in them.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Agreed
@bethzolin6046
@bethzolin6046 2 ай бұрын
Mine us up for sale for this reason too.
@jakelister5152
@jakelister5152 2 ай бұрын
​@@andyquelch5754so basically the house is not an empty air bnb, that's good
@StephenHowe-o6q
@StephenHowe-o6q 2 ай бұрын
Silly Labor, jumping without thinking it through yet again. Their will be no rental properties left in 12 months. Then What.....
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Exactly
@paulgbar666
@paulgbar666 2 ай бұрын
@@zrymill And canal boats
@DD_11111
@DD_11111 2 ай бұрын
Then British people will be at the back of the queue for social housing
@paulgbar666
@paulgbar666 2 ай бұрын
@DD_11111 Rayner has already stated that British citizens will NOT be prioritised for Social Housing Those deemed to be in most NEED will be ..That means ANYONE entering the UK illegally.
@lyndagore1029
@lyndagore1029 2 ай бұрын
​@@DD_11111 We already are.
@simonquy896
@simonquy896 2 ай бұрын
Being very choosy about selecting good tenants will become even more important - we could do with a register of some description
@123prestolee
@123prestolee 2 ай бұрын
I’ve been saying this for years - what has anyone got to hide?
@allykhan8594
@allykhan8594 2 ай бұрын
10 letters of good character!!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Agreed
@priiyoo
@priiyoo 2 ай бұрын
Digital register for tenants too 😂😂😂 the law is becoming one sided in favour of tenants.
@paulgbar666
@paulgbar666 2 ай бұрын
No Govt will EVER permit a tenant register as it knows how many togue tenants there are If private LL are deceived into getting to the wronguns then it will be Councils having the housing costs.
@Mantakev
@Mantakev 2 ай бұрын
How the hell can you treat a mould problem in 14 days. It’s going to take longer than that to find someone who can assess it. Also if the tenant doesn’t open windows and cooks and showers all day why would that be my problem? One builder I employed fecked off with 3k so how am I supposed to find a trusted person. Worlds gone mad.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I agree someone commented on here you already have companies with 2 month waiting lists. Once this is law those waiting times will be 6 months.
@paule7921
@paule7921 2 ай бұрын
After 25 years IM OUT OF IT. I just rented for my last 6 months and zero return. Hopeless !!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@Chipchap-xu6pk
@Chipchap-xu6pk 2 ай бұрын
That's great news! One more house freed up for an owner/occupier!
@bobgriffin316
@bobgriffin316 2 ай бұрын
@@Chipchap-xu6pk Ownwer/occupiers have less people in each house. That means there will be an even bigger housing problem. Then the rents will go even higher because there is less places to live in. Angela Rayner will have to build 2 million homes in tis Parliament of 5 years instead of the 1.5 million that she promised. The 1.5 million won't happen. The latest government figures are that house building has slowed in the 2 months that Kabour have been in power.
@jaccar2020
@jaccar2020 2 ай бұрын
@@Chipchap-xu6pk new owner occupiers are in for a shock when they have to pay for all the upkeep, especially on older buildings.
@meggriffin4802
@meggriffin4802 2 ай бұрын
@@Chipchap-xu6pkit won’t work like that. There is way more 1 and 2 beds on the market for sale rather than rent. If you cannot get a mortgage now you certainly won’t in a years time when you are having to pay higher rents. You are dreaming if you think this is a positive for anyone. Watch landlords panic and either sell or put up rent at every opportunity
@mathewbayley1770
@mathewbayley1770 Ай бұрын
No fault eviction should never have been allowed a long time ago
@propertyaccelerator
@propertyaccelerator Ай бұрын
👍
@Jason-hl8uj
@Jason-hl8uj 2 ай бұрын
Rental market in this country (on multiple fronts) is an absolute out of control disgrace. I didn’t think it could get any worse, Jesus Christ I was wrong.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@hazelmaymcclelland
@hazelmaymcclelland 2 ай бұрын
Why take the name of the Lord Jesus Christ in vain. This is so disrespectful.
@legalfictionisfraud
@legalfictionisfraud 2 ай бұрын
Its out of control due to 14 years of tin pot conservative rule and Johnny come lately thinking they are Johnny big banana landlords, but really they are just bankers debt mules.....
@KashifAli-qv1xo
@KashifAli-qv1xo 2 ай бұрын
The question is from which date new changes will be effective? I am a tenant and Landlord asking me to move by issuing 2 months notice by article 21 " No Fault eviction " It means if new law is in place they cant do it . But not sure when it will become a law and when will it start its implantation ..i mean "efective from" date..
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Sadly this will be at least a year
@TGNWR98UD
@TGNWR98UD 2 ай бұрын
I have a large portfolio of properties and have decided to sell. No way am I taking the chance of being of being stuck with bad tenants.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@jakelister5152
@jakelister5152 2 ай бұрын
Send me a link to your fire sale
@chrishaps6846
@chrishaps6846 2 ай бұрын
Well presented video , great content and well explained .
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Thanks Chris.
@justmusic3441
@justmusic3441 2 ай бұрын
So many landlords are selling up now no longer worth it. Party is over
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@IamSoAdorable-lh7ob
@IamSoAdorable-lh7ob 2 ай бұрын
@justmusic3441 party is over for the landlords, but what about the renters?
@justmusic3441
@justmusic3441 2 ай бұрын
@@IamSoAdorable-lh7ob party maybe over for them too as small time landlords exit the private market on mass and mega rich banksters and the WEF sort buy up the properties and put up the rent prices across the board.
@Silverswitch1
@Silverswitch1 2 ай бұрын
@@IamSoAdorable-lh7obgood for them because they would now be able to own their properties for cheaper. The increase in housing would result in housing becoming very cheap.
@JASuperflex1
@JASuperflex1 2 ай бұрын
Good F off we need only good landlords
@whatsupchannel3047
@whatsupchannel3047 2 ай бұрын
We have a property that is empty and it stays empty , never had any mould for 14 years unfortunately the risk outweighs anything positive . If its left without air and good cleanliness I am almost certain it could start . Then how on earth do you get past it ?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@BulletProof_Viking
@BulletProof_Viking 2 ай бұрын
Abolishing section 21 makes no difference to the tenant because I know from experience nearly all evictions are nonfault anyway where landlord is selling the property or claiming to want to sell it. Of course after the eviction they don't have to, it's their property
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@Shay3356
@Shay3356 Ай бұрын
What about this, moved in on September 2020 with rent of £1675, then bumped it right up to £1950 just a year later. The property is dissolving with black mould in the bathroom and no extractor fan. It’s falling apart and the garden looks like a dumping ground with his old nackered furniture and we have no storage. The she has all his junk in it and the shed door has water damage AND broken.
@propertyaccelerator
@propertyaccelerator Ай бұрын
Does not sound great.
@Shay3356
@Shay3356 Ай бұрын
@@propertyaccelerator it’s awful
@sharonliddy9439
@sharonliddy9439 2 ай бұрын
The worst houses we've and my sister have lived in have been council ...damp with nothing done except adivice on leaving the windows open and heating on....in winter and a housing association delays on repairs. Freeing up stock...lol ..some councils are the worst landlord ever. You've got to protect both tenants and landlords ..
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I agree, so many want small landlords gone but councils in my experience are the worst landlords.
@nigelcheeseman3369
@nigelcheeseman3369 2 ай бұрын
Another well-thought video James. I would perhaps put a different emphasis on some aspects, but overall I agree with nearly all your points. I have come a cropper once or twice, but that experience counts. When it comes to renters cynically renting and giving notice straight away, surely a thorough vetting process would obviate the risk. What I look for in a new tenant: employers reference giving salary, previous landlord reference. Ability to very easily cover the rent. Back story e.g. why this house or flat, what are your circumstances etc. any potential tenant showing reluctance or leaving glaring gaps, can be discarded straight away. Ask a rent at the top of the market. Any applicant squirming at the rent can also be rejected. As you say, you’re looking for good tenants who stay, and pay the rent on time without damaging the property. Due diligence by the landlord is essential. When it comes to capital gains tax, I’m not bothered, I have bought the properties as a long term investment and have no intention to sell. The thing that would worry me is if legislation were to bring in rent caps like they did in the 1960/70s, which devastated the private retail sector, reducing the value of rented properties to pennies in the pound. Mind you, even then they were a good buy for the long-term investor.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Im sure the tenants leaving after 2 months will be rare. But it will be the stories you see in the paper like it happens to everyone.
@cunawarit
@cunawarit 2 ай бұрын
If the rental market shifts too heavily in favor of tenants, landlords may respond by selling their properties, converting them to holiday rentals if feasible, or opting to take in lodgers instead. Landlords hold capital in the form of their properties, and British rental properties are not their only investment option. They can choose to invest in properties abroad and exit the UK market altogether. In the short term, this shift could lead to a decrease in the number of available rental properties and a rise in rental prices. And potentially renters risking homelessness.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Its already happening.
@cunawarit
@cunawarit 2 ай бұрын
@@propertyaccelerator :( more homelessness is the last thing this country needs. I hope that somehow the market stabilises soon and that politicians learn that tinkering with the market too much always causes unintended havok.
@info7854
@info7854 2 ай бұрын
That's the problem... people having capital is the detriment to others = landlords
@realitychick4502
@realitychick4502 2 ай бұрын
Dehumidifiers are absolutely crucial for British damp weather and condensation in winter… I use one over heating most days in the winter 😊
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
True
@John-c4r1o
@John-c4r1o 2 ай бұрын
What happens if you list with a rent high, and prospective tenants offer lesser amounts? Isn't that a bidding war?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Haha it is, but that would be allowed.
@yellowbelly5982
@yellowbelly5982 2 ай бұрын
I was served a section 21 last year and then the property was turned into an Airbnb. Paid my rent every month over the 5yrs without fail. I guess some landlords opt for the money grab with less restrictions and you only have to visit the lake district to see the direct impact of Airbnb on local communities 😷😷
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@allykhan8594
@allykhan8594 2 ай бұрын
I think rents will increase by 25% because of this Bill.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I think they could for sure.
@waitwhat-qg9bc
@waitwhat-qg9bc 2 ай бұрын
No. Big, multinational companies will buy up all the bargain properties at a price that will give them enough room to maintain rents.
@DeadlyDizzle-yn1vz
@DeadlyDizzle-yn1vz 2 ай бұрын
@@waitwhat-qg9bcand you think they’ll be buying out of charity and not to return a profit? Commercialising any market typically drives prices in one direction. They’ll be driving up rents faster while also escaping the same level of scrutinised taxation. Ultimately, meaning less money available for government and making it harder for renters to actually get on the property ladder themselves. Huge win.
@brianlopez8855
@brianlopez8855 2 ай бұрын
look at what happened in Scotland
@risenshine2783
@risenshine2783 2 ай бұрын
Then they bring in laws to stop you raising rent …look at what happened in Scotland!!
@DaveAppleton
@DaveAppleton 2 ай бұрын
My sister's step son and family as renters already fell foul of this. The landlord suddenly out of the blue recently said he wants the property back, they were paying the rent on time with no issues. He's struggled to find somewhere else and they are now living with my sister. As someone that's about to buy a narrowboat to live on and cruise, then in a few years a buy a flat(so my monies in the ever increasing market) to rent out with a view to eventually moving to the flat when I get too infirm for the boat maybe 10 years down the road, this is all concerning.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@JC-un4bg
@JC-un4bg 2 ай бұрын
I’m Just going to be very choosy who I rent to .
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@avacadman2155
@avacadman2155 2 ай бұрын
Can you imagine the impact this will have in Blackpool?! I visited once to collect a car, stayed overnight, What a dump?! It made me question why? So I investigated. 80% of “Residents” are “Transient”! 80%!!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@apiscator444
@apiscator444 2 ай бұрын
My property is off the rental market.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@weirdwolf888
@weirdwolf888 2 ай бұрын
With more landlords giving up their properties, will that also mean more properties for sale, and house prices will come down?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Possible yes.
@ary6039
@ary6039 2 ай бұрын
Not just pets, landlords also say no kids allowed. Law needs to change here. You must not be able to rent out if you cannot accept kids. Their reason seems so stupid like kids cry and make noise. This is just inhuman.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@ary6039
@ary6039 2 ай бұрын
@reilly-vc1rm im thankful to the government to bring out this new bill, you will have no choice now :)
@elenash1030
@elenash1030 2 ай бұрын
No kids or pets in shared houses. Other tenants will be disturbed
@user-xs9lx2vb9m
@user-xs9lx2vb9m 2 ай бұрын
Being a landlord should be about nothing other than housing people. So there should be no right to evict people for no reason. This is a great bill.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@DD_11111
@DD_11111 2 ай бұрын
Mould can be caused directly by the tenants habits such as not opening windows and using equipment that creates humidity like grow tents, aquarium etc. Also there is a massive problem with mould in some areas such as Cornwall. I live near the sea and the humidity in my home is permanently above 80%. Not my landlords problem, its mine.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@IamSoAdorable-lh7ob
@IamSoAdorable-lh7ob 2 ай бұрын
@DD_11111 Thanks for sharing, mate. For some people it's very hard to understand this simple logic.
@Christoff8188
@Christoff8188 2 ай бұрын
In my experience, mold is usually caused by neglect from the landlord. All but one property I've lived in has had mold issues that are ignored, left to fester and get worse despite multiple reports. Most people I know have had similar issues. Lived in my current property for 3 years, great landlord, well looked after property (by me also, as I always do), and no mold to be seen in the 3 years living here.
@hArtyTruffle
@hArtyTruffle 2 ай бұрын
Ofcourse it’s a landlords responsibility to provide adequate air circulation, particularly in humid environs. 🙄
@Dazuk2023
@Dazuk2023 2 ай бұрын
Clothes on radiators and windows closed causes it as well. We get damp in winter but own the house so have to sue myself lol. Dehumidifier is best for indoor drying.
@bajwakanjar7184
@bajwakanjar7184 2 ай бұрын
Did any body ask any of the parties about Palestinian rights?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@carguyuk7525
@carguyuk7525 2 ай бұрын
No bidding wars so list at a high price and consider offers.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Correct
@ScoobieDee
@ScoobieDee 2 ай бұрын
Hi James , thanks very much for this . I have been a landlord for 20 years and was looking to stay renting out the one property I have for another 20 years . Over the last year I feel I am getting long in the tooth with it all for many reasons and now looking at staying for 10 years more if I can . Tbh I would rather sell up sooner but I can’t
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@1ForTheShieldz
@1ForTheShieldz 2 ай бұрын
How long until the government tell landlords you have to provide free housing. The tax situation is utter nonsense, 7000 for mold scares me. One of my properties always gets mold, always my whole life, it was my childhood home. Time and time again I had to explain to my family to open the windows but still it comes back. The neighbours have the same problem. 7,000 is more than the rent for the year there!!!
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@BozidarZabavnik
@BozidarZabavnik 2 ай бұрын
@@1ForTheShieldz use have to strip off the old paint and paint afresh with paint containing inorganic thickeners.
@bobgriffin316
@bobgriffin316 2 ай бұрын
I had mould on a property for years. I insulated ALL the walls in the flat. The problem stopped immediately. The cold wall where the mould collected was not cold anymore. I don't know if that will work for you. I also double glazed the property and insulated only some of the walls but that did not fix the problem by itself.
@sajjadyb
@sajjadyb 2 ай бұрын
my tenant leaves on 1st oct! listing the very same day and have estate agents already lined up. Can not wait to get my property sold. Its only going to get worse for the renters
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@LouLou10000
@LouLou10000 2 ай бұрын
Landlords having been taking the utter puss recently. Houses that two years ago were 1100 a month now are 1700 a month, letting agents have landlords phoning them telling them to kick out perfectly hood tenants do they can watch the rent up sn extra 500 per month. Rents are supposed to be in line with the value of the house, now they’re way above thst , fully paying renters with children are being booted out in made up reasons just so the landlord can immediately re let the house on way above its worth. This will stop the unscrupulous landlords doing this
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@carolineharris7956
@carolineharris7956 2 ай бұрын
I was a tenant for many years and I always looked after the property that I lived in as it was my home for my daughter and I. Unfortunately, after 13 years of renting from my ‘friendly’ landlord, she wanted us out because her daughter wanted to move in until she could find a house to buy. She gave us three months but back a few years ago, it was hell finding any property. So, abolishing Section 21, I can see why, but it has to be replaced with something else that is fair to tenant and landlord.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@LeeKirkman88
@LeeKirkman88 2 ай бұрын
You will own nothing but be happy everything is gearing towards that
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@JanetPearson-i9j
@JanetPearson-i9j 2 ай бұрын
I’ve just paid five hundred pounds on a new shower fitted and the toilet fixing on my rental property that was my home for twenty years. The tenants are two weeks late with the rent and ‘landlords’ are the baddies ?? Also the property was / is in really good shape much much better than I lived there. As a rental property I realise it has to be of good standard
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@AKcoxy
@AKcoxy 2 ай бұрын
They should not be able to increase rent if interest rates go up, they should have looked forward and incorporated this into the price of the house when they brought it. Are they going to drop the rent? Don't think so
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@KUTTNGRI
@KUTTNGRI 2 ай бұрын
Finally !! Government had to control this mess . During the years, landlords took advantage badly. Being landlord is not a PROFESSION. ITS NOT A JOB !! Well done labours❤
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@mermilena
@mermilena 2 ай бұрын
As a private landlord, I am letting my property at approx 300 pounds below the market value and paying huge amounts for maintenance, replacing appliances etc. etc. I would be better off - just selling it.
@bethzolin6046
@bethzolin6046 2 ай бұрын
I’m selling up. I’m a good landlord, and have a gorgeous house I’ve been letting to a family. They have been great tenants for the last two years but have now bought their own home and left last week. I’ve done a lot to keep the property in the best possible condition, plus done lots of upgrades. However now my tenants have left I’m selling up - entirely because of all this legislation. I might just as well invest the cash - with current interest rates I’d get more than I’m currently getting from letting - so why let with all this legislation?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@andrewstevens7453
@andrewstevens7453 2 ай бұрын
I've had bad tenants and a bad landlord so I know both sides. The previous no fault eviction was unfair, there has to be a reasonable reason for evictions. In any case, all landlords should get suitable insurance
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@davidtuffin6993
@davidtuffin6993 2 ай бұрын
6 months of being a landlord and I'm out just getting ready to serve notice for tenants within next few days and get it up for sake . Bought house a year ago well below market value and renovated it to EPC rating of c but had enough. No money to be made unless you are wealthy 😢
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@nancyhood8395
@nancyhood8395 2 ай бұрын
Time in the market is what counts ,don't sell you will regret it ,
@barmy_irooni
@barmy_irooni 2 ай бұрын
Unfortunately there’s no way anyone can make living by renting out JUST one property unless you’ve got a very good main source of income from something else! Also it takes a lot of of sacrifices & hard work to expand in the property market! Good luck with your sale 👍
@glenoxman7904
@glenoxman7904 2 ай бұрын
​@@barmy_irooni agree 100% the ship for single property landlords sailed years ago
@Bazchu1
@Bazchu1 2 ай бұрын
Being a landlord is a long term wealth game, flipping properties is a short term game but higher risk. Both are equally a headache, but then again there’s no such thing as easy money
@ary6039
@ary6039 2 ай бұрын
Some landlords are good but very hard to find. Most of the landlords misused section 21 to basically just kickout for no reason inspite of being a good tenant and paying rents on time. Basically they want to kickout tenants, do just a bit of refurb and increase rent 2 folds for new tenants. This is basically a scam. Tenants are not supposed to bear your mortgage, they are just a means to help. Landlords have been taking advantage
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@TF-mc6yj
@TF-mc6yj 2 ай бұрын
Are you sure we can't still choose a 1 year AST if all parties agree?
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I am sure they dont want periodic tenancies, I dont really see why they are a problem.
@Nora.........
@Nora......... 2 ай бұрын
Of course not, that would be too sensible.
@juliehicks1165
@juliehicks1165 2 ай бұрын
I had Indians move into one of my properties that had never had mould problems when they left the bedrooms was full of mould.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
😬
@Jimbo23107
@Jimbo23107 2 ай бұрын
This is intended to help tenants, it will do the opposite, in order for it to be worth the risks of renting Landlords will increase the rents as much as will be legal other will leave and supply and demand will put up the cost of renting. Politicians are actually just thick when it comes to business and clearly lack life experience. They will not understand why this hasn't worked and things get worse for tenants.
@DeadlyDizzle-yn1vz
@DeadlyDizzle-yn1vz 2 ай бұрын
I get the impression most of them have not got to their positions of power through operating successful businesses, but rather through meritocracy and connections. It means they have very little real world experience in maintaining anything with economic consequences. Yet, they combine that with an inability to listen to the people so we’re left at the mercy of luck.
@justmusic3441
@justmusic3441 2 ай бұрын
@@Jimbo23107 you'll find alot of the MP's are shareholders of mega rich cooperate companies and landlords. So they stand to benefit in any govt policy introduced. So if rents will be increased to cover change in policy then that is what the intention was. Self serving rats alot of them.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I agree.
@Maria-0017
@Maria-0017 2 ай бұрын
I’m sure they know exactly what there doing, haven’t you heard of the “new world order”? Which is where, You will own nothing and be happy.
@kevinrobinson291
@kevinrobinson291 2 ай бұрын
So if landlords sell up wont other people just buy and rent them out or House prices start going down and the average person will be able to afford to buy there own home. Can only see unscrupulous landlords selling and the good ones still leasing.
@maxtelero4904
@maxtelero4904 2 ай бұрын
I’m out, tenant left this mornin . Now for sale. No longer for rent . Had enough
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@Daisy-tl2lh
@Daisy-tl2lh 2 ай бұрын
No talk about sorting out the Court system ... where eviction can now take a year it might now be two! LL make sure tenants are good worthwhile before even letting them get a foot over the threshold
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Correct they have no plan for court reform.
@NightCycleGames
@NightCycleGames 2 ай бұрын
All landlords in England should be marching to parliament now with a petition before this gets out of hand . Really ridiculous. I was hoping one day I will be a landlord but with this no way 😢
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@dec3142
@dec3142 2 ай бұрын
Landlords are parasites 😂
@Benzknees
@Benzknees 2 ай бұрын
You'd have to be daft to remain a landlord with all the pro-tenant legislation in recent years, and with interest rates having now normalised from very low levels post-2008.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@longgone6100
@longgone6100 Ай бұрын
Thank you for this... My gut feels on this as a responsible landlord (5 properties) is that we're moving to a standard where the govt or large Blackrock style organisations own the properties - not private landlords, it may also be that the govt needed a large influx of Capital Gains Tax paying to bridge financial shortfalls ? I had to sign up to a 'Good landlord' scheme or whatever its called in one area in my town - cost me £700... the other property in this town isn't in this area... so not in the scheme ? One thing that I didn't hear you cover which has caused me a huge headache... The section 24 tax scheme - so in effect i'm paying tax on income i haven't even had...?! Wtf is that all about and in the law of unintended consequences - as rents rise and inflation devalues the currency many more landlords with say one or two properties and a job are going to find themselves in the higher income bracket whereas before they would have been nowhere near it....
@propertyaccelerator
@propertyaccelerator Ай бұрын
🙌
@lulabellegnostic8402
@lulabellegnostic8402 2 ай бұрын
There is far more risk to the landlord because it’s going to be far more difficult to evict non payers.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@robertdavies8305
@robertdavies8305 2 ай бұрын
They may start the process of selling up. Like many landlords have already done.
@JASuperflex1
@JASuperflex1 2 ай бұрын
That is BS the section 8 will still be in place
@JennyGavinWear
@JennyGavinWear 2 ай бұрын
Being unfairly made homeless would seem risky, too ?
@rsmith8113
@rsmith8113 2 ай бұрын
Unfortunately most landlords just evict people for no reason. Feel sorry for the normal landlords though
@maxinedyer8368
@maxinedyer8368 2 ай бұрын
Hi James, I’ve had to move from a lovely flat once already through no fault of my own because the amateur landlord wanted to sell the property. This was done under Section 21. I complied within the required timescale (2 months) but it was a horrible experience. My question is: if a tenant is served with a Section 21 before the new law takes effect next summer, if they just sit tight will they be covered by the new law when it takes effect? Thank you.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
I think any section 21 served before the date can be enforced sadly.
@maxinedyer8368
@maxinedyer8368 2 ай бұрын
Thank you.
@stevenhull5025
@stevenhull5025 2 ай бұрын
My wife and I ploughed our combined pension lump sums into a two bed long leasehold apartment so no need for a mortgage. We toyed with the idea of renting but have now decided to go down the government's 'rent a room scheme'. This allows an annual income of £7,500 tax free. Initially we considered renting it out and was advised the market rent was £900 per month (£ 10,800 pa). After paying management fees of 10%, plus having to pay tax on the total rent we came to the conclusion having a lodger was a better option than renting. Now the new Renters Rights Bill is upon us and the section 21 notice is no longer available to protect landlords. I feel taking a lodger allows more flexibility with our own property and only 28 days notice is required to remove a lodger. My wife and I will take turns to sleep at the apartment overnight.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Nice work
@BeingEmilie
@BeingEmilie 2 ай бұрын
Make sure one of you are registered there as your primary residence
@billy3sheds
@billy3sheds 2 ай бұрын
Pariah
@jonathanjonathan7386
@jonathanjonathan7386 2 ай бұрын
interesting. How often do you have to sleep there for the law to recognise that it really is your residential property? any idea? thanks
@BeingEmilie
@BeingEmilie 2 ай бұрын
I don't think the govt could monitor how many nights you slept there. The way to prove that it is your home is that you have to officially change all your addresses on all your accounts to that address. Get your name on the electoral roll and council tax at that address. It has to be your official address
@truthsleuth945
@truthsleuth945 2 ай бұрын
When I first started renting and saw all the rules I had to sign up to in the TA it felt a bit daunting. By the same token it must feel a bit like that when Landlords are suddenly subject to new rules or even managing existing responsibilities and 'grey areas' of law. Overall, I think that consideration has to include whether letting a property can yield a reasonable return for the Landlord, thereby making it worth their while to provide the service versus other kinds of investments, balanced with the vulnerable position tenants are placed in. This includes keeping up with rent payments, rising cost of living, threats of eviction and living in sub-standard accommodation where private renting may feel like the only option available to them.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
Great points
@graemebarriball303
@graemebarriball303 2 ай бұрын
No government has the ability to beat the market, landlords will just massively increase asking rents and wait for tenants to offer on the asking price. This has the same effect as bidding up rents. the market will set the level in the end.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
👍
@mokarol5852
@mokarol5852 2 ай бұрын
All for having a fair rental bill, but this needs to be fair for both landlords and tenants. We get good and bad on both sides so it was essential the bill should have had protection for landlords from bad tenants. Recently went to see a property ruined by the tenant. It was disgusting. To put that back to good the landlord will end up in negative equity.
@propertyaccelerator
@propertyaccelerator 2 ай бұрын
🙏
@suegray6284
@suegray6284 2 ай бұрын
James, I’m very worried about the mould issue…I’ve been a landlord for over 20 years and in my experience the only time any property developed mould was as a result of the tenant not opening windows to air the property, not opening the kitchen window when boiling pans on the stove and refusing to put on any heating because they claimed they couldn’t afford to 🤷‍♂️
@AbsSh4
@AbsSh4 2 ай бұрын
absolutely agree. It's one of my main issues too. They will shower, dry clothes, cook, heat but never aerate the rooms. Sorry, but unless there is an obvious ongoing and unresolved leak, 99% of the time it's the tenants fault.
@Bereadyalways123
@Bereadyalways123 2 ай бұрын
Mould is due to not opening the windows , to let fresh air circulate, very simple, I had this with tenants, trying to educate them , in the end I sold up, thank god …
@meggriffin4802
@meggriffin4802 2 ай бұрын
It could be used as a tactic NOT to pay rent. I have never been a landlord but I worked in a housing unit with young people. They done this all the time kept all windows shut dried loads of clothes in a small space and then refused to pay the rent when mould developed. I also worked for a housing association (under the maintenance side) and 99% of problems were due to tenants not maintaining or cleaning their properties. It was an eye opener into the rental market. Honestly I would sell up while you have some rights left. This is going to be devastating
@CosmicLightSource111
@CosmicLightSource111 2 ай бұрын
​@@Bereadyalways123 My windows are open most of the year, especially the bathroom. I still have to clean the mold off the walls twice a year with Borax. My landlord takes MONTHS to respond to anything, never answers questions and ignores all text messages. I'll be interested to find out if this bill covers Scotland too.
@Bereadyalways123
@Bereadyalways123 2 ай бұрын
@@CosmicLightSource111 That is very unusual then…10 years night a day my bathroom window is open not fully, never ever had mould….even my bedroom windows the same , winter and summer ..PERFECT..
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