15:22 PM, 8th June 2023, About 2 years ago 86
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The Renters Reform Coalition is encouraging tenants across England to contact their MPs to support the Renters’ Reform Bill.
The coalition, which includes housing sector organisations, charities, and partners like Big Issue, aims to bolster tenants’ rights and bring about ‘meaningful change’ in the rental market.
To garner support, tenants are encouraged to email their MPs, requesting their attendance at the Bill’s second reading.
According to Shelter’s Polly Neate, the coalition has recommended several amendments to the Bill to fortify tenants’ rights and ensure the legislation possesses the ‘teeth needed for real change’.
And part of the call includes having landlords pay the tenant TWO MONTHS rent to find somewhere new to live AND move home.
The coalition is also calling for the imposition of a one-year ban on re-letting a property after a landlord uses a no-fault eviction – rather than the planned three-month ban.
Introduced last month, the renter reforms seek to abolish section 21 ‘no-fault’ evictions so landlords cannot possess a property without providing a reason.
The Bill also aims to grant tenants more power to own pets and enhance the quality of privately rented homes.
However, the coalition proposes that judges should have full discretion to determine whether an eviction is justified.
They also recommend instituting a cap on in-tenancy rent increases, tied to the lower of inflation or wage growth, to prevent rent increases being used as a covert eviction tactic.
Landlords and letting agents might also be surprised at the demand from Generation Rent that a landlord pays their tenant two months’ rent to help them find a new place to live and move home.
And the groups says that landlords who want to sell will have to list the property for sale with a sitting tenant for six months before seeking an eviction.
As part of the campaign to get support, Shelter has launched a campaign for 5,000 supporters to email their MP and urge them to turn up for the Bill’s second reading.
The charity’s campaign page states: ‘By contacting your MP, you’re showing them just how important this bill is to you.
‘As their constituent, you have their ear, so adding your own story about why renting must be fixed will make your email even more powerful.
‘We need as many MPs as possible to turn up to the debate and demand for it to be focused on renters’ rights and as strong as possible.’
On Twitter, Ms Neate said: “This is not the time to relax on reform of private renting.
“There’s real danger of loopholes in the Renters Reform Bill that could undermine benefits of ending no-fault evictions.”
Along with improved tenant protections, the coalition is also calling for an extended eviction notice period of four months instead of the current proposal of two months.
It also suggests shielding renters from section 21 ‘no-fault’ evictions during the first two years of a tenancy, as opposed to the proposed six months.
According to the coalition, these changes would offer a significant improvement over the existing system.
Reluctant Landlord
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Sign Up9:28 AM, 12th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 11/06/2023 - 21:27
if you look at the land registry for the houses you say are being picked up by LL's you will most likely find they are corporates.
Why is your existing LL selling? Ask them. You might be enlightened to their point of view.
The bottom line is it comes down to supply and demand end of.
Reluctant Landlord
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Sign Up9:32 AM, 12th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 11/06/2023 - 21:27
Actually having read your post again I see your LL has made you what I suggest is a fair offer. He obviously wants to sell and is willing to make you an offer. He doesn't have to, he is under no obligation. Your mortgage provider can see if you have been paying rent on time and if its higher than what your mortgage payments will be then they will offer you a mortgage. You might not like the rates but that's a different thing.
Sounds like you have an option of buying from a LL that others may not have so I would take more time to explore this option perhaps.
Ian Narbeth
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Sign Up10:02 AM, 12th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 11/06/2023 - 21:27
What thoroughly irresponsible proposals. Millions of rental properties coming onto the market at the same time. Prices crashing, affecting not just landlords but everyone. Millions more people going into negative equity and then being unable to move home. Lenders becoming insolvent because the security for their loans will be worth substantially less than the loans. If you wanted to cause mayhem in the country, you would struggle to find a better plan.
Gromit
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Sign Up10:24 AM, 12th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 11/06/2023 - 21:27
As you say the houses don't disappear. Landlords will often be providing them to Les well off people many of whom will never be able to afford to buy. But you're more in favour them being sold to more wealthier people.
It's also likely to be disproportionately higher as Landlords often make more efficient use of the space in the house (e.g. by using it as an HMO).
TheMaluka
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Sign Up10:30 AM, 12th June 2023, About 2 years ago
Reply to the comment left by Ian Narbeth at 12/06/2023 - 10:02
In general terms government interference in any free market usually results in tears for all involved..
PAUL BARTLETT
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Sign Up18:01 PM, 13th June 2023, About 2 years ago
Reply to the comment left by Gromit at 10/06/2023 - 19:37
Cracking post Gromit!
I couldn't stop with just 11 so here are the dozen brief points:
Rental Reform Bill
An unfolding disaster of successive Chancellors making
1. Rental Reform has unrepresentative bias to an activist agenda.
2. Section 24 is not a fair tax on profit rather unfair tax on costs > Landlords Exit
3. EPC ‘25 has unrealistic costs vs savings > Landlords will Exit (MoJ: +70% YoY)
4. Monetary Policy Committee meet every 3 week vs Annual rent reviews
5. Rent increases driven by BoE Inflation not Landlord greed
6. 12th rate rise – highest Base Rate in 15 yrs – Banks pile on SVR cost, legally
7. Section 21 removal means having to price for Risk > Unaffordable rents
8. Court process is slow (MoJ: 22wk) and the Ombudsman doesn’t even exist
9. Mortgage Stress Test reduces choice, increases cost > Renter Stress Tests
10. PRS Landlord Exit means less supply and higher prices > Market economics
11. Residential planning applications hit 10-year low so very low supply
12. No rational (points) immigration system means unsustainable demand
You may wish to add a point on Pets!
JeggNegg
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Sign Up8:44 AM, 14th June 2023, About 2 years ago
Reply to the comment left by Tracy Fewtrell at 09/06/2023 - 13:33
Thank you for being honest to the many landlords on this forum. what are the chances of Tenants persuading the likes of Shelter to listen to you a tenant, who seems to have built up a good relationship with your Landlord.
has anyone carried out a survey of tenants or Landlords where the same tenant has been renting the same property for more than 2 years or 5 years or 10 plus years.
in these periods what has been the increase in rent in %. compared to a suitable index ie inflation or even increase in rates over the same period.
or maybe ask Shelter to suggest a suitable benchmark
JeggNegg
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Sign Up9:26 AM, 14th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 11/06/2023 - 21:27
it is interesting to read a tenants problems trying to move from a renter to an owner. i understand some of the arguments made, but dont necessarily agree.
point 1. are you suggesting if i have any of my tenanted properties with a B2L mortgage i have to repay mortgage? which will probably mean i have to selling 3 properties and keep just 1 in 4. (not that i have that many properties to start with). if i should still wish to be a landlord, and have to follow your suggestion that LL can no longer obtain a B2L mortgage of any LTV, then what property do you think i am going to be able to afford?
YES the cheaper ones!! so that could give you even more competition.
i understand your frustration, but small LL also suffer from the large LL buying in bulk pre auction. that's the market. i your example of being out bid, i suggest the 8 properties were being sold possibly by a LL leaving the PRS, so from the vendors point of view selling 8 to 1 buyer achieved their objective.
have you ever considered attending a property training course to learn the different ways you might be able to achieve your ability to buy your own home.
i wish you luck in your property search.
ok so i sell
Warren Morrison
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Sign Up12:01 PM, 14th June 2023, About 2 years ago
Done being a Landlord. Selling up and out of the rental market. Problem solved. Last one out, turn the lights off.
Crouchender
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Sign Up14:20 PM, 14th June 2023, About 2 years ago
Reply to the comment left by James Watkins at 14/06/2023 - 13:46
As I mentioned to you earlier. WHY is your LL selling???
If you do a route-cause analysis you will easily understand the supply side and demand side economics within a free market economy.
As I said GOVERNMENTs have not built (allowed building) enough houses. A healthy and competitive PRS would drive up quality as LLs compete for tenants but this dynamic has changed as Governments control the supply side.