Charity calls for stronger protections in Renters (Reform) Bill as renter costs soar

Give the Landlords some protection from

Selective Licensing (which will save Councils £ millions more in homeless than it collects in Licensing Tax fees)

Section 24 Tax (which probably costs more in homeless than it rips off Taxpayers)

Benefit tenants not using the UC money to pay Landlords rent (this could save the Taxpayer £6 billion on its own, never mind plus the associated homeless costs

2 years of zero income, but still the mortgage outgoings when Landlord can't get THEIR OWN PROPERTY back

Many more protections please.
And you will find your renters rents wun't be the extortionate cost they are now. I am charging AS MUCH AS I CAN GET to any new tenants as I don''t know when the next attack is coming from.

Keir Starmer in Sep 2021 (many missed it) called for 1% Wealth tax on Landlords. Does he not think tenants are paying enough already. Where does Keir think Landlords get their money from?

https://www.bbc.co.uk/news/uk-politics-58516799

Reply to the comment left by Mick Roberts at 23/05/2024 - 09:47
The property a person rents may well be his home, but it is inherently temporary and is not his own, it belongs to the landlord.

Please rebuff all use of the following phrases,

'secure in his own home' : secure within the terms of his lease.
It is the fault of the government that there is only one form of lease in common use. Several years ago Mark Alexanded proposed another forrm of providing security, provided the terms of the lease were observed and compensation if early termination was required by the landlord.

'no fault eviction: no reason given, usually to avoid damaging the character of the tenant n any future reference

Please add more.

How many properties have been added to the rental market since the advent of the AST, and what proportion of the total rental market is now provided by the PRS compared to 1970, when I first consdered being a landlord, and declined to the risks of not gettng the property back.

Reply to the comment left by Chris Brown at 23/05/2024 - 10:32
Yes,

Renters groups keep forgetting this, we normal human beings like the renter. We lending them something, not giving them.

Reply to the comment left by Mick Roberts at 23/05/2024 - 09:47
Mick, I regularly quote your wise words: "At the end of the day, the tenant pays for everything."

Reply to the comment left by Ian Narbeth at 23/05/2024 - 10:56
U gonna laugh Ian,
I've got one from you years ago:

Part of Ian Narbeth saying here & great words as sums it up exactly:

They have succeeded in driving private landlords out. Now they see the results of their actions.
They should be listening to these words we'd like to say to Govt, Councils, Shelter, Generation rent etc.
"How can you ensure the people who provide desperately-needed accommodation get paid so that they continue to house those who would otherwise be homeless?"

Reply to the comment left by Mick Roberts at 23/05/2024 - 11:09
Mick, stop, stop! People will think we are a mutual adoration society 🙂

Reply to the comment left by Ian Narbeth at 23/05/2024 - 11:28
The proposals will only serve to make renting even more unaffordable (or will see the rental option disappearing altogether).

The Renters (Reform) Bill isn't enough to ease the financial strain on private renters, says StepChange. With rents rising by 8.9% in a year, many renters are struggling and using credit to pay rent. StepChange suggests more protections against eviction, increased affordable housing, and better support for renters in debt to improve the situation.

Tax up,finance fees up, selective licencing 100% increase in some cases, certification fees up repair costs up , RENT FREEZE, RENT CAP , CAN SOME ONEFROM THESE CHARITIES TELL ME IS THIS BUSINESSMODEL SUSTAINABLE?

I cannot understand why landlords are constantly being vilified and made out to be the bad guys.
It has been proven that the majority of private landlords are like us, responsible, want to do the best for our tenants; are responsive to issues raised and ensure the property is of a high standard. I reply by return to our tenant and sort issues immediately.
We bought our property in 2007 with the hope that the equity made would supplement our pension.
A year later we had the crash of 2008 and the property decreased in value by almost a half. Fast forward 16 years it has still not reached the value we paid for it. We have only had a couple of years where it has made a profit.
For the last two years we have made a loss.
We are horrified by the implications of the renters reform bill. It seems to be weighted in favour of tenants.
Periodic tenancy remove security of tenancy for us and the tenants. It costs us a month's rent to rent out our property to a new tenants. Our tenants have always been happy and have said what a wonderful landlady I am.
Now we are being told that tenancies will likely be 6 months. This is going to be catastrophic, we need to sell our property because we can no longer afford to keep it. We are being told that we won't be able to sell our property for 2 years of a new tenant moving in.
What tenant will stay if they know the landlord wants to sell. They will likely move out and we will be left with an accumulating debt of over £1000 every month. The current rhetoric is making every landlord out to be bad. We need to sell because our investment is just an accumulating debt and is a weight around our neck and a constant stress.
No allowance is made in the renters reform bill
Do other landlords share our concerns?