Angela Rayner wants to ‘work in partnership’ with PRS landlords

Reply to the comment left by PH at 23/09/2024 - 10:41
“ and here we have it -- ''“Because we cannot build at any cost. These new homes must be warm, secure and most importantly safe.” -- the get out clause.”

This is a good comment but I think it’s wrong, have you ever built houses? You have to jump through so many hoops to make sure they’re up to building regs…so all new houses have to be warm, secure and safe or they won’t get signed off. There’ll be an excuse but not this one!

We have two plots and for over a year have failed to get planning…one will fit 5 houses and the borough council has an overage whereby they get 50% of the uplift in value if planning is granted…yet the local council is throwing up obstacles at every turn (newts, noise, surface water, biodiversity, landscaping, drainage…all legitimate, but the biggest block is that we’ve proposed car parking in front of the houses…they don't like that the cars can be seen from the A road! We’re next to a garage with over 300 cars on the forecourt. How many developments have hidden parking?)

Planning reform is needed for sure. But even then you can’t force the big builders to deliver. What then??

I don't think "partnership" means what she thinks it means.
She means partnership in the way slaves and slave masters are partners working together on a plantation.

Reply to the comment left by Neil P at 23/09/2024 - 13:03the rest of my reply was cancelled. Yes I have built houses from buying the land to completing the builds. I eventually obtained planning on another site and decided it was not going to be profitable. Not for me - not enough contacts or whatever to make it work. sold for a good profit though!. Its still not built on. The statement was made to encompass the whole issue of building. Rayner has several reasons she could quote not to build. cost/ value for money/ location not required for work/ road infrastructure/ lack of schools/doctors/dentists/hospitals. the list goes on. Therefore the 'get out' clauses are already on the table. Its all empty promises from a clueless government.

So many things to unpack here.
I am a landlord first and foremost and have been for nearly 20 years.
I have had 2 evictions in that time, both within the last 18 months. The combined cost is around £25,000. The stress of the situation is horrible and the court system isn't fit for purpose. The Council were, in both cases completely useless. I remained on civil terms with both the tenants. Because of this I know that in both cases the not only didn't they abide by, but also weren't aware of the homelessness reduction act of 2017. I can also prove that the housing officer in one case repeatedly lied to the tenant. So much for working with the PRS.
So now as mentioned in a previous post as my houses become vacant I will look to sell.
I am fortunate that a swathe of mine are near an American airbase. So Americans are now the tenant of choice as I know I will always be able to get my house back. If I do rent then I would rather the property sits empty while I wait for a military tenant. So the very system that is supposed to help renters has alienated me to the point where I don't want to rent out anymore.
I have a second smaller company that I am trying to get off the ground. That is a property development and building company. We have recently purchased a plot with outline planning, some 4 months later we are still trying to get detailed through for a bungalow with the same footprint as the outline.
Add to that a CIL ( community infrastructure levy) charge of £18,800 and BNG ( biodiversity net gain) of nearly £30,000, neither of which are payable if you are a self builder, and I'm wondering how the hell anyone can afford to build houses.
This is a project that should sell for £600,000 and at the moment projected costs are at £540,000. Now I can't get watertight before the winter, so costs will rise.
Myself and my business partner will make the decision this week on whether to sell it on or not.
As a footnote to this without a hole being dug in the ground the Council Tax people are chasing to know when they can start charging me.
Angela needs to go right back to grassroots I think.
Politician promises just don't work in anyway in this.

Reply to the comment left by Martin at 23/09/2024 - 13:31
for what its worth I would not do it on a 10% margin. Its too tight. 10% is only a contingency amount and in the current climate that's not even practical.
your project is small - you cannot get economies of scale. Even if it took you only year to complete and sell your already down to 8% at best.

hahahahahaha!!!!

AR wants to talk NOW?

Reply to the comment left by Reluctant Landlord at 23/09/2024 - 13:52
yes. so does my local authority. I have 2 going through as sales. then last week the LA sends me an email asking if I want to rent them out - via them. LOL
Are they really that stupid!
done it before - got stitched up and lost money. Twice - yes made a big error on the second by actually believing they had changed. no they have NOT!!
They even told my tenants to stay put until the bailiffs called - apparently - no proof only the tenants word but as they wanted to be evicted to get a subsidised LA home they had no reason to tell me that.
rather pay their CTAX and standing utilities costs than ever go with them again.
reap what you sow!!

Reply to the comment left by dismayed landlord at 23/09/2024 - 13:39
I am totally with you, the only reason we were entertaining it at that margin was that it is a second business for both of us and he is actually a medium size builder.
My point on the forum though is we are desperate for housing as a country and yet the rules, regulations and taxes actually prevent it.

Reply to the comment left by Martin at 23/09/2024 - 14:07
yes understood - LA make it hard work and even if HMRC give you the VAT back on new builds the builders know this and add it back in!! Its a circle that needs to be broken.
The red queen will have a better chance!! they can circumvent the rules (they already are) and get massive leverage on the sheer number involved - all those homes in only 5 years. Builders be rubbing their hands.
Nope I do not think so!

Reply to the comment left by TheMaluka at 23/09/2024 - 11:46
It's the Renter's Right Bill, which says it all. Labour wont discard but will make things harder and more complex for Landlords