Good news for landlords???

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Күн бұрын

Пікірлер: 210
@sukhvindertiwana586
@sukhvindertiwana586 Жыл бұрын
Small landlords who typically go into this as a pension investment are being driven out to make way for large corporates to come in and dominate the rental sector.
@slyteen2197
@slyteen2197 Жыл бұрын
All part of the plan I'm afraid
@iandougall7169
@iandougall7169 Жыл бұрын
I thought that may be the real reason behind the potential change in policy.
@antrich7377
@antrich7377 Жыл бұрын
💯
@lesleysmith8300
@lesleysmith8300 Жыл бұрын
I think that's it. It's not right. I have decided to sell up anyway, as l have had enough. It's not a business for the faint hearted but there is no longer any joy in it.
@pyellard3013
@pyellard3013 Жыл бұрын
But large corporate investment won't happen unless the government provides tax concessions to build whole estates for letting.. (ie the tax relief would have to be paid back if the newly built estates wern't let on Assured Tenancies for a minimum (say) of 20 years. The present highly fragmented PRS will simply shrink if current government policies against small landlords continue.
@nicolaw2930
@nicolaw2930 Жыл бұрын
I never really understood why the government made those tax changes. It has only had a negative effect on the rental market and resulted in many landlords with small portfolios exiting the market and increased rental prices for tenants. Not all landlords are evil. Some provide good quality properties for tenants to rent.
@matthewfoley3929
@matthewfoley3929 Жыл бұрын
Not all are evil. But all are economic parasites.
@pyellard3013
@pyellard3013 Жыл бұрын
The evidence is the vast majority of small landlords are good landlords and that larger ones, including social landlords, are much worse...
@pyellard3013
@pyellard3013 Жыл бұрын
@@matthewfoley3929 Emmm... Why? Is it better to invest in Carbons, Military hardware or junk food? Is investing in hotels OK but not private housing? You may hate capitalism but calling landlords parasites is ridiculous... Am I a parasite if I buy a car and rent it out?
@matthewfoley3929
@matthewfoley3929 Жыл бұрын
@@pyellard3013 cars are not a finite and shrinking resource. The analogy is poor.
@pyellard3013
@pyellard3013 Жыл бұрын
@@matthewfoley3929 All resources are finite.. The difference with residential property and investing in hotels or food or being a "trust" baby is whether one is a jealous hypocrite or a geuine socialist.. I disagree with but respect genuine socialists but most supposed socialists would soon change if they suddenly came into wealth including property...
@hughmuir3063
@hughmuir3063 Жыл бұрын
It is hard enough to get non paying tenants out of properties at present. The law should be changed so that non paying or anti social tenants should be able to be evicted quickly.
@pyellard3013
@pyellard3013 Жыл бұрын
Most landlords don't want to have to prove anti social behaviour.. It's hard enough just to have anti social tenants.. Fixed term contracts give landlords peace of mind and most small landlords will/do want the security of fixed term contracts.. Periodic tenancies could /should be abolished but not fixed term tenancies . If one owns a property one should be able (legally) to agree a fixed term contract with a (tenant) mature adult.
@johnmore4155
@johnmore4155 Жыл бұрын
Have you noticed it's called The Renter's Reform Bill NOT the Renter and Landlord Reform Bill??? I think this kinda tells you who will be favoured.
@Billy-The-Goat
@Billy-The-Goat Жыл бұрын
@@johnmore4155 Yes true but it’s a ticking time bomb it will explode in their face when even more shortage of decent housing and rents going sky high. It’s already high as is. Government need to work with good landlord and only target bad one. Same with the tenant, support good tenant and fine those who take the piss
@diamonddiamond5047
@diamonddiamond5047 Жыл бұрын
The Government can not dictate whether or not they want individuals to be able to own more than one home. It’s not the Government’s role to crush social ambition.
@tochukwunjoku
@tochukwunjoku Жыл бұрын
Exactly! Seems the government are constantly using ridiculous laws to stifle social and capital growth. Hard work no longer pays - just sit on a$$ and collect the peanut they give as government handout. If you dare work a lot and you'll be taxed like there's no tomorrow.
@diamonddiamond5047
@diamonddiamond5047 Жыл бұрын
@@tochukwunjoku yes, my Igbo bros 😁
@tochukwunjoku
@tochukwunjoku Жыл бұрын
@@diamonddiamond5047 yes o 😃
@diamonddiamond5047
@diamonddiamond5047 Жыл бұрын
@@tochukwunjoku 😁
@jamesbarbour8400
@jamesbarbour8400 Жыл бұрын
Actually it is - can't have commoners getting ideas above their station and doing better for themselves, the Government won't like it. They want to keep their jackboots firmly planted on our faces as we lay on the ground, because of some misdemeanour or other
@boarderwoz
@boarderwoz Жыл бұрын
Great video, you just won a new subscriber. I’m one of the hated small portfolio landlords, now in the process of selling the 2nd of my portfolio of what was three very high quality rental properties. I’m now using the cash from the other two to pay down the mortgage on the one I’ll keep. I’ve been selling up as my tenants naturally move on. The house currently up for sale was tenanted at rent at least 25% lower than the market rent for a property of the quality and type, having not put the rent up in 5 years or so. Alas being taxed on revenue instead of profit (I.e. section 24), increased interest rates, pending EPC rules, forthcoming removal of section 21, and just the vilification of good landlords, plus the fact I can earn the same return in a good interest account, has led me to the conclusion, renting a property is no longer worth the risk of a bad tenant who can string out an eviction for a year or more. The big picture is that good landlords are leaving the market in droves, creating a shortage in rental properties and the inevitable rise in rental pricing. Bad for tenants and bad for the government with loss of rental tax. Go figure!
@antonioklashinkov
@antonioklashinkov Жыл бұрын
With regards to tax, they obviously want to push the small landlords out in favour of the big dogs like Lloyds Banking group and John Lewis and the coop who stayed they will move into the sector and want to be the big players there......
@richardharkness9427
@richardharkness9427 Жыл бұрын
If the Government continues on it's current course and continues to treat landlords punitively it's going to have serious problems. Corporate landlords will not be the tenant friendly that you might expect. Only landlords with small portfolios look after their property and tenants with care and respect recognising that to do otherwise may damage their financial income. The government has not invested in social housing and will be unable to house those who will become homeless if the do not act sensibly with the introduction of legislation and taxes.
@pyellard3013
@pyellard3013 Жыл бұрын
👍
@cathihargaden1608
@cathihargaden1608 Жыл бұрын
Agree totally- don’t rent your property to SERCO it’s black rock in disguise 😮 I could have put rent up as advised by Lettings and I didn’t because I have a conscious if u think some corporations with CEO. Sitting in the Caribbean is going to care about social community deteriorating think again 😮
@limyrob1383
@limyrob1383 Жыл бұрын
The attitude to small portfolio landlords is interesting. Before Brexit the EU was making some very aggressive statements about wanting what they referred to as "accidental" or "amateur" landlords out of the sector and wanted private rental to be restricted to large companies. its was never clear why but then Brexit came along and there was no need to the UK to adopt the same antagonistic small landlord position. I'm pleased to see that the committee also can see no reason. If you look at recent damp and unfit properties these are often large operators and even local authorities so there is no case that big is better for tenants.
@pyellard3013
@pyellard3013 Жыл бұрын
Where is this "EU policy" and what EU laws have/were proposed or passed? I can understand that the UK government thinking that large "professional" landlords with 10,000s of homes on the German model are desirable.. But the German situation was created over a very long time. The only way the UK can emulate it is by giving generous tax concessions to investors to build whole estates for letting and that will still take years for such a valuation modatiin to be be built. . In the meantime forcing small landlords out of the market reduces supply of badly needed rental accommodation.
@limyrob1383
@limyrob1383 Жыл бұрын
@@pyellard3013 I recall it from a news item. What caught my attention was the term "accidental landlords" which were deemed undesirable. They didn't like people inherited houses and let them out. They (Brussels) seemed to be trying to equate this to poor quality but had no evidence. I got the impression it was big business.
@pyellard3013
@pyellard3013 Жыл бұрын
@@limyrob1383 I am not aware of "Brussels" having any policy on this.. Residential property laws and policies vary from EU country to country..
@limyrob1383
@limyrob1383 Жыл бұрын
@@pyellard3013 Agreed, my impression was that is was another attempt at top down harmonisation.
@jennam8401
@jennam8401 Жыл бұрын
I am a renter in London and have a great relationship with my landlord over the past few years - I think it makes no sense for Landlords to be forced to allow tenants to have pets etc - if it were my house I wouldn't want that.. a previous flatmate of mine was allowed to keep cats because the landlord was kind and allowed it ...and my god... the mess they created... managed to get them to leave in the end and ban pets again but that wouldn't be resolved under these news rules
@LoveLearningInDorset
@LoveLearningInDorset Жыл бұрын
Thank you Rob, I do enjoy your videos and positivity. It all boils down to fairness and a bit of sense
@gjl96
@gjl96 Жыл бұрын
Thank you so much for this video Rob! It’s incredibly informative! If the government will go through with even one of the recommendations it’ll improve the private rented sector for both tenants and landlord in a happy medium
@michaelburnhill123
@michaelburnhill123 Жыл бұрын
Ltd companies have a big advantage over sole traders which is totally unacceptable as many Landlords are sole traders as advised by their accountant. But what is a small landlord when some of these sole traders have become bigger landlords and this is their sole income and a long term investment of over 20 years. Surely this is what Britain needs when so much of our investment s short term ! It seems we are being penalised for doing the right thing! Government must have a rethink or see more Landlord sell up creating even fewer rented properties and driving up rents even further which no one wants to see!
@davewright4059
@davewright4059 Жыл бұрын
I think there should be something in writing that allows a landlord to move tenants out to do major repairs to get the property up to EPC standards etc..
@hereagain8344
@hereagain8344 Жыл бұрын
Yeah I selling up and claiming asylum in Russia in this upside down world
@sandrastewart2450
@sandrastewart2450 Жыл бұрын
Can I come with you this country isent worth living in
@michaelsangha8367
@michaelsangha8367 Жыл бұрын
@@sandrastewart2450 This is the best country in the world to make it and become very successful, it’s the land of immense opportunities.
@Macaroni1479
@Macaroni1479 Жыл бұрын
😂😂😂😂😂👍
@younginvestor9657
@younginvestor9657 Жыл бұрын
@@michaelsangha8367 don’t think it is the government don’t want us to be rich from property, states laws are way better wish I could go there than this negative country
@andrewcheatle4691
@andrewcheatle4691 Жыл бұрын
Russia - you're welcome. Don't let the door hit you on the way out...
@mikefleming9710
@mikefleming9710 Жыл бұрын
I never thought I would feel hope again
@tonyfkingdom
@tonyfkingdom Жыл бұрын
Amazing and detailed content. More of this type please
@karenmcrobb3105
@karenmcrobb3105 Жыл бұрын
Great Video. Very clear on what's happening. More please.
@PropertyHubUK
@PropertyHubUK Жыл бұрын
So glad you enjoyed it! We can add more to the list
@PabloTBrave
@PabloTBrave Жыл бұрын
The government hatred to landlords over the last few years would have destroyed the rental market and damaged tenants far more than before the laws changed. Landlords don't have to be landlords and could invest their money elsewhere , then where will the tenants live, most rent as they can't buy .
@EtonieE25
@EtonieE25 Жыл бұрын
The government have shaken the tree and many landlords have fallen off the tree and their properties being hoovered up by the BIG boys. AKA. Friends of the government 🤔
@andrewrobinson9054
@andrewrobinson9054 Жыл бұрын
I’ve been a small landlord over the last 20+ years Twice I’ve had to go to court (section 21) to evict non paying violent property damaging tenants I’ve only two properties let at present and although I have done very nicely over the last twenty years this is an investment for my future if the new rules on section 21 come in then I will be leaving the industry and reinvest the money elsewhere Landlords like myself provide social housing to those that would of had government social housing in the past We feel disrespected by the changes and will leave in droves unless things change for the better. I have been a good fair landlord but I’m quite happy not to be a landlord and to use and enjoy my money to enhance my own life and not that of others! The tax situation should be reversed
@a_hongkonger
@a_hongkonger Жыл бұрын
Government is so bias to tenants!! Landlords are all spending more and more without reasonable income. Better to sell it and put it in Barclay to get 4% interest.
@sirrodneyffing1
@sirrodneyffing1 Жыл бұрын
Where are we when its amazing that someone in Govt says something rational? Govt. meddling in the private rental sector has created a total mess for Tenants and Landlords; they're just chasing tenants votes, that’s all it's been about from Osbourn stupid tax changes on. Interesting article today. ‘Telegraph: Deregulating Rental Market Saved Finland Offers Blueprint.’ - "When Finland faced a similar rental supply crunch in the 1990s, policymakers did not introduce more regulation. Instead, they scrapped it altogether in a move that has been hailed by the Organisation for Economic Co-operation and Development (OECD) as a housing policy success story."
@johnmore4155
@johnmore4155 Жыл бұрын
I'd be interested to know what the report says about a Tenant Register so Landlords can see what a tenant is like before agreeing a let. And, by the same token a Landlord Register. I've been renting for the past 18 years and would have absolutely no problem with Landlords being able to see my history.
@knowitall3503
@knowitall3503 Жыл бұрын
Great idea for both sides.
@exwhyz33
@exwhyz33 Жыл бұрын
Can a landlord offer a series of time limited tenancies e.g. 1 yr or 2 yr at a time. After such time, I might want to not let out the property for a while but then resume re-letting at a more convenient time as it's my asset.
@cathycooper7933
@cathycooper7933 Жыл бұрын
Is there anything on the EPC ratings? Some properties will need thousands spent on them to increase from a D to a C, with no real benefit to anyone, except contractors.
@PropertyHubUK
@PropertyHubUK Жыл бұрын
The document says this on EPC's: Under the regulations enshrining the MEES, any domestic property that does not require an energy performance certificate (EPC) is not classed as a private rented property, and therefore is not subject to the requirement to comply with the MEES. Stand-alone properties with a total floor space under 50 square metres are exempt from the requirement to have an EPC, however, which means they are also exempt from the MEES.139 As a result of this exemption, an unknown number of homes in the PRS can have EERs below band E.
@cathycooper7933
@cathycooper7933 Жыл бұрын
@@PropertyHubUK so for any property larger than 50 sq meters will still require an EPC of C or above to let? This means putting in solar panels at £10k a pop to allow the property to go from a reasonable D to a C… will agents not be able to let or will tenants have the choice? I’d understand if properties were F or worse, but D is more than reasonable…
@user-gz6tx6yp3v
@user-gz6tx6yp3v Жыл бұрын
​@@cathycooper7933 It does not take much to get to a C from a D. And if you've recently put new windows and had that free cavity insulation a few years back you may already be at a C. Also if you get a top tier boiler like a Veisman at around £2k that will get you there. Solar panels you can do a mid range package at £4.5k. Other options include fitting Kingspan in your attic to line the roof. Fairly inexpensive.
@markhesp4268
@markhesp4268 Жыл бұрын
All designed to break the landlord and make them sell up.the banks and big corporations will then become the landlords.
@user-gz6tx6yp3v
@user-gz6tx6yp3v Жыл бұрын
@@markhesp4268 No it's not. Banks are not interested in individual properties, quite the opposite. These funds only want full projects to blend the returns and make them easier to manage. The changes on small landlords are to stop people being able to draw equity tax free offsetting the interest cost. They want people to sell to get that CGT, or set up limited companies so any equity drawn being subject to dividend tax. It's all about tax.
@gregjones92
@gregjones92 Жыл бұрын
Great info, many thanks. Balanced report from the Government, I am truly shocked.
@lhefe85
@lhefe85 Жыл бұрын
Thanks for this, great video! The recommendations sound good to me and work for both sides. The government need private landlords so I don't understand why we are constantly being penalised.
@acxezknightnite1377
@acxezknightnite1377 Жыл бұрын
Because it wins votes. Governments aren’t motivated by doing the right thing, they are motivated by staying in power. It’s that simple.
@stephengreen2626
@stephengreen2626 Жыл бұрын
Fellow landlords, I urge you to write to your MP plus other MPs who think might be helpful in this regard. This report would go a long way towards helping both tenant and landlord because it understands the problem in a way that is fair and sensible for all concerned.
@jt1738x
@jt1738x Жыл бұрын
Doesn’t make a difference. A single mp can’t challenge the status quo of big banks and them replacing landlords
@NY-Dani
@NY-Dani Жыл бұрын
A government's purpose shouldn't be to interfere in the ownership of property owners.
@BeaIEngio
@BeaIEngio Жыл бұрын
To a degree. Insisting on basic living standards and safety, yes. But if I can't prevent kids and animals living in my house, I'll stop renting it out and move home.
@SoloSi2024
@SoloSi2024 Жыл бұрын
So you can't remove your tenants and become an owner occupier, forcing you to make the improvements required for a C energy rating by 2025? Could be a lot of empty Victorian houses.
@mosheridan7016
@mosheridan7016 Жыл бұрын
All thanks to the wef causing this original mess
@LOGOASSASSIN
@LOGOASSASSIN Жыл бұрын
I've been housing people in my very nice 2 bed Wimbledon garden flat for 16 years and had two sitting tenants. Two too many. The first was two middle eastern men who trashed my flat and garden and stole fittings and furniture and stopped paying the rent, provided to me by a housing association through Kinleigh Folkard & Hayward. And a Brazilian man, wife and son who got my flat at a low price just before the covid BS then had the rent pegged for 2yrs (which I agreed to) and didn't want to leave at the end of a far too long 3yr contract. It took me 8 months to get them out, they said they were looking but this was a lie. They got a dog in my flat which annoyed neighbours and was not allowed by the contract. Luckily it didn't have flees but hair made redecorating harder. Both evictions cost me c£2000. With section 21 being removed and the government/cabal wanting to fill the UK with economic immigrants I left the market. As MANY others are doing for all these reasons and more. If you buy to let these days I'd think twice! Just saying. For example waiting 12 months to be able to sell your property is way too long given the current, very uncertain state of the world.
@fizywig
@fizywig Жыл бұрын
Will there be a U turn on imposing EPC C rating on rental sector?
@pault3705
@pault3705 Жыл бұрын
No because this is how they will make small scale landlords exit the industry and have us all sell our rentals to big corporate...
@KevinColt
@KevinColt Жыл бұрын
ALL I need to know is if a license agreement signed with a liveout landlord is a tenancy or have basic rights OR NOT?
@jackiethomas8200
@jackiethomas8200 Жыл бұрын
They do not value small landlords this is true, we are being pushed out. My tennant is better off than me. It’s a planned system against the landlord. But we all are aware, we don’t have to conform to detrimental laws and legislation, as this is criminal. So I am looking at selling m8ne
@FlyingFun.
@FlyingFun. Жыл бұрын
No room for small landlords now, big banks etc will take over and they won't care half as much about each property. What a mess.
@jasonjohnbindon7783
@jasonjohnbindon7783 Жыл бұрын
Quick question , I currently rent and when we viewed the property the shop below was empty , now there's a restaurant that's open till 11.30pm and can get noise, they also have a shisha bar at the rear , the music plays pumping bass and vibrates in my bedroom , we have put noise complains too the local council , but it's not every night, my question is would MY landlord have been told like in advance ie planning permission as its directly below this property , and should they have declared it too us when we viewed , many thanks
@kevinu.k.7042
@kevinu.k.7042 Жыл бұрын
Good vlog - Thanks - subscribed. In terms of tax - I suspect they are just squeezing more tax from a sector which has little power to resist.
@voiceoverguyharris
@voiceoverguyharris Жыл бұрын
Great video. And perfect reaction. Completely agree as a landlord who built a portfolio based on your thoughts and advice from the podcast.
@pyellard3013
@pyellard3013 Жыл бұрын
You ignore that small landlords are bound to want to be able to limit a tenancy to a fix period. Fixed period tenancies require Section 21 or similiar. Post WW2 abolishing of fixed term tenancies crippled the PRS.. Is that what the government now wants? Section 21 should be reformed so that periodic tenancies become roll over tenancies unless a new contract is signed or a Section 21 is served before or shortly after expiry of a fixed term contract. Any such section 21 that is served time expiring if not enforced (by court summons) and a new roll over tenancy being created on expiry of the Section 21. Such a reform would ensure that Section 21 would only be served by Landlords who really want possession.. I note that "socialist" France has fixed term tenancies albeit at a minimum of three years.. Most small UK landlords could live with that. The government could also encourage Assured (long term) Tenancies by making such Assured Tenancies tax advantageous. Eg each AST contract could be taxed ar £500. The tax being self enforcing as a licence (similiar to car licence) having to be obtained online or at the post office and attached to the AST contract. Small landlords would most probably pay the tax but for larger landlords a AST over a AS has few advantages..
@andrewhartley3
@andrewhartley3 Жыл бұрын
Yet Serco is now desperately searching for any landlords to support the governement's policy on immigration.
@EtonieE25
@EtonieE25 Жыл бұрын
Yep I’m approached weekly by them!
@DonPavardenis
@DonPavardenis Жыл бұрын
So much good and useful information. Thanks Rob
@chired6851
@chired6851 Жыл бұрын
thanks Rob. a glimmer of hope.
@HypocrisyLaidBare
@HypocrisyLaidBare Жыл бұрын
As a private tenant for many years, and now, thank God within the housing association and social housing sector. I would love the government to end the private rented sector. There is no place for lord no-body to laud it over tenants, and be a miserable, controling, authoritarian, and bullying pos. The sooner the government ends the PRS, the better. Those properties should be someone's secure home, not another's nest egg at the instability of another. My brother in law is a PRS landlord of four properties and he seems to think he's better than those he let's too. That they are beneath him and that his word is law, IN THEIR HOME. PRS landlords are not a service to society they diminish the society by constantly breaking it up, forcing or enabling community to crumble. All communities need solid invested citizens and PRS landlords disrupt this process for their own gain often in communities where they themselves do not live. Properties should be let by larger companies that are registered businesses, with multiple staff and repair teams etc proper insurance and back up properties for tenants requiring alternative accommodation in emergencies. PRS cannot and does not and will never supply this. The tenant, good or bad, is a human being first and foremost. The choice of whether tenant should stay or leave should not be an individuals choice but a board vote to remove bias and personal emotions from choices made by landlords. The PRS is awash with unscrupulous bags if s*#t for landlords. Many tenants come from poor and disadvantaged backgrounds who probably won't be able to check a database of a good or bad landlord to check or in such a poor situation only the bad landlords are available creating a two tier rental market. Better ranked charging higher rates with greater rules and less interested in poorer more disadvantaged possible tenants, while the badly rated would seek any tenant and provide these people with the worse service not the best to help them. The answer is simply END landlordship for rental homes, holiday homes is a different sector so why don't these landlords pursue this? Because of greed and power. Not an income from helping others or providing a genuine service to a community. I hate smug fucks like you sitting there talking shit without acknowledging the harm PRS and prs landlords do to lives, families and communities for their own gain. You arrogant greedy twats. Who gave you the right to charge the cist of a property to a tenant or series of tenants to pay the mortgage on a property you cash in on later when selling it, when you didn't buy it, you simply did the paperwork. That is greed. That is immoral and disgusting. A home a family could have bought for themselves and been secure in, lost to a greedy selfish bastard landlord for gain. Outlaw Private landlords
@MrUkbeats
@MrUkbeats Жыл бұрын
My lord landlord wants another rent increase, within six months of the last one, and with two weeks notice. if I question what i know is illegal. he just says move out, just like that. its not that easy. and he is a posh young twat that had a good start in life. i do not believe in making a profit from a humans basic need shelter.
@1804Property
@1804Property Жыл бұрын
Do you not think that Build to Rent is the Gov't driving force? They are selling it to the market almost as an ETF by attracting the major corporates into the sector. Increasing rents is generating greater yields making it even more attractive. In addition they are almost entirely new builds meaning the EPC is B+ and meets another of their back door rules. Trouble is if you live in a market town Build to Rent is not attractive, it is about intensive 'farming', people in smaller conurbations will find it impossible to rent a property, either because it will not meet the EPC or be so expensive it is outside their budget. The Government is blind to any other form of housing.
@chriswiles8617
@chriswiles8617 Жыл бұрын
As a small landlord I agree this report seems very sensible, but this seems like a corrupt and incompetent government that has no regard for small business. Good video and well done to true committee
@diamonddiamond5047
@diamonddiamond5047 Жыл бұрын
A year is too long from a practical standpoint; 9 months is a reasonable compromise.
@brianlopez8855
@brianlopez8855 Жыл бұрын
By comparison commercial property lettings are still subject to the Landlord and Tenant Act 1954 which proceeds little changed. The housing rental sector is so highly publicised and politicised the Government overreach will never end. Get out of residential and into commercial storage/ workshop lettings.
@stephen6262
@stephen6262 Жыл бұрын
Thanks rob great video Be great if they reversed some of the taxs on small landlords
@slyteen2197
@slyteen2197 Жыл бұрын
They'll likely give with one hand and take with the other
@terryjackson517
@terryjackson517 Жыл бұрын
This is an abuse of government power. You should be able to give notice to anyone on your property you want.
@geocospan
@geocospan Жыл бұрын
The big question nobody addresses is who determines what is the market rent when a landlord needs to increase the rent in line with inflation after the first 12 months? Then,m how do they calculate the new rent level? Surprised Rob and Rob didn’t pick up on this!!!
@ProWhitaker
@ProWhitaker Жыл бұрын
Thanks for the video
@justthecat7
@justthecat7 Жыл бұрын
Thanks Rob Great info. I have only ever owned one property and I have had it for 24 years and it has been let out almost the complete time I have owned it. It used to be that if you owned just one property then that was your primary residence, and there would not be any capital gains tax on selling. But they changed this and I would have to pay. This is really unfair - I didn't buy a property to make a profit - just to get on the ladder - could this change back at all any time? Have you addressed this issue any time? Are there any videos who have done anything on this? Grateful for any advice or links to any videos on this issue. Thanks
@singletrackmind84
@singletrackmind84 Жыл бұрын
You only pay CGT if you sell. Assuming you have a very low LTV after 24 years, you could keep renting it out but take out additional borrowing on the mortgage.
@The_Unintelligent_Speculator
@The_Unintelligent_Speculator Жыл бұрын
Recycle tax free cash out of it. Strategy = hold until deed ☠️
@lucyilly428
@lucyilly428 Жыл бұрын
I’m in the same position. I live at work so rent my house out. It doesn’t seem fair. I don’t make any money and keep the house in good repair.
@BertWald-wp9pz
@BertWald-wp9pz Жыл бұрын
You cannot force landlords to rent properties if there are better uses for their money.
@EtonieE25
@EtonieE25 Жыл бұрын
My plan NOT to give the thieving, robbing, lying government (no matter which liars are in power) a penny is, to sell my main residence and then move into one of my renters and stay there for 2 years. Then after that period sell that property and pay NOT a penny in CGT at all!! Toooooo many swear words to put here what l think about the UK governments ( plural) I’m afraid!! 😠😠😠😠😠😠💩💩💩😠😠😠😠😠😠😠💩💩💩💩💩😠😠😠😠😠💩💩
@yzhang9265
@yzhang9265 Жыл бұрын
Many small landlord invest in B2L for their pension. What Government want these people to do to plan for their own pension with their hard earned savings?
@johnswift1736
@johnswift1736 Жыл бұрын
The government should guarantee all unpaid rent. Seems fair if they are making the rules.
@chrislambert9435
@chrislambert9435 Жыл бұрын
If Tenants dont want to move out after Six months, then why do they opt for a Six month Tenancy contract ? ?
@ShaneJackson
@ShaneJackson Жыл бұрын
Fantastic video fingers crossed the adopt it all
@st4rch1ld
@st4rch1ld Жыл бұрын
As an agent i hope they do. The flooding of properties on the sale sector is not going to go to go well for anyone. Stupid increase of rental values due to limited stock, landlords who need money sitting with empty properties and lack of movement until interest rates drop. A big muck up by this summer
@mattanderson6672
@mattanderson6672 Жыл бұрын
Thank you
@KevinBlake-sc5zc
@KevinBlake-sc5zc Жыл бұрын
How likely is the new tax on private landlords to become law?
@chriswatkin5476
@chriswatkin5476 Жыл бұрын
Make tenants pay rent through bankers standing orders and make housing benefit paid directly to landlords.
@jarvismckenzie776
@jarvismckenzie776 Жыл бұрын
Agree.
@Digseys
@Digseys Жыл бұрын
These MP’s must have houses
@David-ci1vn
@David-ci1vn Жыл бұрын
To really be correct, the Section 21 procedure is wilfully mispresented as a "no fault eviction", no landlord can end a tenancy even under existig legislation, only a court can do that following due process, the Secion 21 process is simply the MANDATORY notification to be provided to a tenan INFORMING that legal action MAY be taken in the event of their remaining in the property after the EXPIRY of their current CONTRACTED tenancy, in other words, all tenancie shave two components, contarct law and housing law. it is entirley appropriate that a atennat who has not agreed a renewal should be provided a "heads up" of the need to make a decision, we are more concerned abou the potential ending of fixed terms as it makes cashflow and void management extremely difficult.
@Jeffybonbon
@Jeffybonbon Жыл бұрын
Lets hope some sense returns to BTL
@BeaIEngio
@BeaIEngio Жыл бұрын
We rent out our home and pay rent for another, because my job needed us to relocate. We don't want our primary home degraded by kids, pets, students. If we can't select the people we want in our home, we'll have to stop renting it out.
@michaelburnhill123
@michaelburnhill123 Жыл бұрын
Some common sense spoken. Its time we had a time limit to get courts working properly and within a reasonable time limit . It ocost just short of £3000 to ivict a tenant who refused to leave or pay anything despite getting thousands a month in benefits . The cost was over £10000 in lost rent and fees before i got my property back down to waiting for a court system that inst fit for purpose!
@sikugord03
@sikugord03 Жыл бұрын
If they have changed their minds it would only be because it benefits them in some way.
@gloriathompson4010
@gloriathompson4010 Жыл бұрын
What is reasonable circumstances? How can government dictate what people do to their property. People just won't let then the burden will be on the social service. Be aware that they wilfully cause serious damages to your place.
@urbanverificationist
@urbanverificationist Жыл бұрын
There are two possible futures. One in which your country becomes a neo-feudal nightmare replete with a stinking landed gentry. The other is one in which housing is built, like roads, for people to live in rather than a playground for investor/speculators. You know, like in Vienna.
@SiriusXAim
@SiriusXAim Жыл бұрын
The horror of not being able to force people out of their homes with 2 months notice just to jack up rent, and to be registered in a database like any other business. Oh the humanity.
@Garce227
@Garce227 Жыл бұрын
Great content
@marlej23
@marlej23 Жыл бұрын
Even if it will take gov years to do any moves.
@DameAndThatGame
@DameAndThatGame Жыл бұрын
Im a tenant, paying for 5 years, i asked for repairs 3 months ago, got my section 21 less than 24 hours after asking for repairs... I have ZERO rights about it. I don't think you should be able to abuse the 21 like that, but you can,
@michaeljackman1046
@michaeljackman1046 Жыл бұрын
What repair did you ask for out of interest?
@awhisperedbeing
@awhisperedbeing Жыл бұрын
3 months you say? You're Section 21 is now invalid and needs to be re-issued.
@DameAndThatGame
@DameAndThatGame Жыл бұрын
@@michaeljackman1046 i aksed for compensation on an a garage not under my tenancy agreement for the past 5 years, (iv been paying its energy and never had use of it) also asked for damp/mold/ extreme cold repairs.
@DameAndThatGame
@DameAndThatGame Жыл бұрын
@@awhisperedbeing citizens advice does not seem to thinks so, iv been told, i need an order from a environmental officer first to stop a 21 for repairs, which cant take months, so he got me out before i could even do that. im waiting for a warrent of possiona atm.
@awhisperedbeing
@awhisperedbeing Жыл бұрын
Oh understood. Your section 21 was valid but you've chosen to ignore it and fight to the bitter end. Question for you? Is the CCJ you'll have against your credit file once you're finally evicted worth this hassle to you? You do know it'll make it exceptionally difficult for you to find another tenancy because you'll fail every credit check?
@bluesteele2235
@bluesteele2235 Жыл бұрын
This is the only country on the planet where politicians hate landlords, no matter who is in power. Landlords should withhold their properties for a year or two and see what happens and cause a housing crisis then they will get the message
@ashbohgan2022
@ashbohgan2022 Жыл бұрын
We need laws for eviction . Takes 6 months nd the money you lose on rent is added up.which you'll never get back. If tenants not paid in a week then out get someone who can pay. We not a charity
@StarRosieStar
@StarRosieStar Жыл бұрын
why are landlords so afraid of doing a bit of extra work and spending a bit of extra money if they truly beleive that being a landord is a legitimate job or business
@maureenbudgen474
@maureenbudgen474 Жыл бұрын
We need to vote the M.P out. They are supposed to be working for us. But they are not for us the people.
@robwebster2250
@robwebster2250 Жыл бұрын
As a small scale landlord renting to the student sector I very much welcome the report discussed in this video. My question is .........Who are the numbskulls who proposed this new legislation? I need names. Put them in the stocks on the village green. I have my rotten tomatoes ready.
@TheDonzizo
@TheDonzizo Жыл бұрын
Dubai had all of this years ago..
@wildbillharding
@wildbillharding Жыл бұрын
Tell us more!
@vasiliualexandru4725
@vasiliualexandru4725 Жыл бұрын
Ok landlords have been played as fools 😂 nothing new they accepted it , and wonder why they complain now? How about the tenants whom rent the house and the landlord doesn't invest money in the house at all ? I lived in a house with moldy wood ( bed bugs bed) an old boiler that even the tech engineer told there aren't any parts on the market for the boiler, the pipe line so many f issues, pipe leakage, shit popping out true sewer canal, how to make Land lords accountable for their shit property to be more severe on them
@davidsears7845
@davidsears7845 Жыл бұрын
Sounds like a committee with common sense!
@John-se7rc
@John-se7rc Жыл бұрын
It's because most mps are landlords profiteering from the poor vulnerable people it has created.
@lotus8576
@lotus8576 Жыл бұрын
What about if something happened to the owner and they have to sell you are not addressing any of that , maybe the owners daughter run away from her husband with 2 children and the owner father needs to give roof over his daughters head and his grandchildren
@tobsstone
@tobsstone Жыл бұрын
ufff, you are super cute
@5688gamble
@5688gamble Жыл бұрын
Evict the landlords, more social housing, less exploitative leeches, squat now, then seize all homes from those who are greedy for those who are needy! Take everything back for the people and jail the criminals who extort those with nothing!
@marcwareham9351
@marcwareham9351 Жыл бұрын
Sounds like something a loser would say.
@milkybar6276
@milkybar6276 Жыл бұрын
Don't have a clue, do you?
@mickusdickus168
@mickusdickus168 Жыл бұрын
You mean steal from people who’ve made something of themselves? That’s the only way you can get ahead in life. Not going to happen, you entitled little boy. Landlords have left - because they’ve had enough of entitled little boys - and now your rent is higher and you have fewer properties to choose from. You deserve it.
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