10:38 AM, 4th June 2021, About 3 years ago 17
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Anyone knows anyone else in the same boat, please spread. Many many tenants have done nothing wrong, but imbecile Govt and Councils are making it so hard for those that haven’t got a problem.
I have offered to pay my tenants’ deposits so they can buy their homes after becoming disillusioned with the PRS. I blame government policies, licensing schemes and a tortuous Universal Credit system with the latest EPC regulations as the final straw
Text to my tenants:
Please ring me about this text and read to the end before u panic.
We’d like to sell your house within 10 years for the reasons below. We can sell it u and pay your deposit for u, if u r able to buy it. Sell it to someone u know who would keep u in. We have people who may buy & keep u in.
A lot of Landlords give tenants 2 months notice. We recognise this is your home, and would never contemplate selling on u if you’ve done nothing wrong, however, the Council’s and Govt are making it really difficult for the good Landlords-All to get back at the bad Landlords.
We are only in this position cause the Council’s and Govt are bringing that many rules in retrospectively, they make it extremely hard for good landlord that’s abiding by the rules and is getting older, to carry on.
We are doing 4 times the amount of admin, paying out thousands in unnecessary costs-Nothing which makes your home better.
U should all really be writing and meeting your MP and Councillors and Govt and Council and telling em what they are doing to people who didn’t have a problem before.
The latest rule they are now proposing to bring in in 2025 is EPC to a C. I’ve already got the Combi boiler, UPVC etc., so it’s external wall insulation. Approximately £10,000 each house, but they not bringing it in for Council houses or Owner houses-Only to Private Landlords.
I never thought we’d be in the trap we in now where Councils and Govt have made it that bad for Landlords, that it’s made it extremely hard for Benefit tenants to move house.
Years ago, u had a choice to move, and then I’d have sold your house as u moved on. We all in a trap where u can’t move now if u want to. Govt and Councils has done this to u. Landlords packing up in their droves due to Licensing and Universal Credit.
It’s also the bad tenants some of these rules are being bought in for, which makes it unfair for u good ones.
I used to be able to give u keys, service your boiler and u tell me when something needs doing. I’m now doing courses at 4am just to keep u in your home. And many of u aware, I don’t want the houses anymore, only keeping them to keep u in your home.
U can buy it now if u or your buyer can arrange it. Also happy to wait for u up to 10 years. I’ll pay your 5% deposit if u can buy it.
Please work with me and let’s find a Landlord that is younger and not weary of the all the latest rules, who’s happy to keep u in for 10+ years. I’d get a lot more selling it empty, but I’m mindful that it’s been your home for years, so am prepared to lose £20,000 to sell to discount Landlord to keep u in your home.
I may have a few people now who wish to buy and keep u in if u wish to go ahead now.
Some of u have been with me 24 years and I don’t take this decision lightly.
Some of you’s kids are also getting older and your Housing Benefit towards the rent will drop massively when your kids are 18 or leave. I used to have affordable flats for u to move into. Now the people aren’t moving from my flats anymore.
Govt & Councils are making far too many retrospective changes when the tenant has already lived there years & the Landlord bought the house years ago. If people have not had a problem for years, Govt & Councils should be rewarding them and lower costs, not penalising them and higher costs.
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Fobbed off by my local authority?
Mick Roberts
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Sign Up12:41 PM, 6th June 2021, About 3 years ago
Reply to the comment left by Rennie at 05/06/2021 - 19:58
I think Licensing has covered everything with regards to Trust & also UC, it's all down to the Landlord. Trusts can't beat Stupid people in Councils.
Mick Roberts
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Sign Up12:42 PM, 6th June 2021, About 3 years ago
Reply to the comment left by Glenn Ackroyd at 06/06/2021 - 10:03Thanks for the advice Glenn, Mortgage broker had found few lenders that would take Gifted Deposit, but yet your words may make sense & open them up to more Lenders. Seems great simple idea if do-able.
Mick Roberts
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Sign Up12:45 PM, 6th June 2021, About 3 years ago
TrevL had left a comment (jokingly I know about I may put prices up by 10% to cover deposit), but some comments are disappearing again which I've told 118 about. My reply to this:
Agreed, prices have gone up by 10% in the time I've been offering them. But I have been offering them at these lower prices. And still may if they take the plunge. But I ain't gonna charge more than what it's worth and mortgage valuer will stop that too.
I've also had some people spend £15000 of their own money on their homes, bars and hot tubs in gardens and all sorts. And I'm even gonna take that off their spend if they moved in 20 years ago and have now made it like show home from their own money. If they've put the value up by 20k, I can't claim that as my own.
Those that's renting say 10 years off me have no deposit, started off on Benefits, gradually now doing enough hours to qualify for the mortgage.
Some notes below I replied to some Landlord Haters elsewhere.
Don't think I'm Mr Samaritan. I'm just doing the right thing where many do the wrong thing.
If someone has lived in house 10+ years and I pay their deposit, that's not a lot for me to give away, but yes I get it, that can be a big start for the person buying that may otherwise be unable to buy.
What I do gain is in time though. I buy myself some time. As anyone not a Landlord now with multiple houses in the Licensing and Universal Credit areas has no idea at all the bureaucracy and idiocracy we have to put with now, with the most stupid people on the planet in Govt and Council's who make 5% of houses better, but wreck tenants lives in the other 95%.
Agreed. I have made enough from the rent over the years. I have also lost on many houses in the early years. And paying someone's deposit ain't gonna hurt me, but might help them massively. Agreed too, many of mine can't afford to buy, but SOME CAN.
And in Nottingham, houses are still affordable, but that's reducing as time goes on.
But if u don't wish to help anyone, that's your choice. I will do what I can.
And here's another thing for u, I don't want most of my houses any more. Someone offered to buy the whole lot yesterday, retire with enough to do what I want the rest of my life. What should I do? Sell and screw the tenants who have done nothing wrong? Would that be diddums enough for u? Or shall I have morals and conscience and be loyal? Problem is when u give it Diddums to good Landlords that's lost money and time to keep people in their homes, u then make it worse for tenants going forward. This is why we're where we are today with extortionate rents and no supply. The good Landlords are packing up.
Christopher Rogal
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Sign Up10:09 AM, 9th June 2021, About 3 years ago
Reply to the comment left by Beaver at 04/06/2021 - 11:50I’m not convinced that this minimum C rating will happen. I doubt the government currently knows how many properties might be lost to the sector.
From a landlord’s perspective, it’ll have to be a calculation of the investment required to protect the rent, vs the return that could be achieved with the sales proceeds elsewhere.
That’s assuming you have the cash to make the capital investment.
As far as selling to tenants is concerned, I doubt most of mine could pass the strict ‘stress tests’ that lenders apply. It’s a frustration to some tenants to see that they pay more in rent than they would pay in mortgage payments. But that’s because interest rates are very low at the moment.
It’s obviously a non-starter for benefit claimants, who wouldn’t get mortgages.
Christopher Rogal
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Sign Up10:13 AM, 9th June 2021, About 3 years ago
Ironically, gas central heating is one of the things that helps get a flat to a C.
That’s also a long-term issue.
Christopher Rogal
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Sign Up10:20 AM, 9th June 2021, About 3 years ago
Reply to the comment left by Mick Roberts at 06/06/2021 - 12:45
If you want to sell honourably, you can look for a buyer you consider trustworthy. There are plenty of decent landlords.
That’s not for your tenants to decide.
I bought a portfolio of 23 flats in 2001, mostly with tenants in situ. I managed the transition in a re-assuring manner.
Some of those tenants are still with me 20 years later.
Mick Roberts
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Sign Up16:24 PM, 9th June 2021, About 3 years ago
Reply to the comment left by Christopher Rogal at 09/06/2021 - 10:09Christopher,
U would think this C rating wun't come in. Cause we know how many will be lost. I reckon Govt will think we will somehow get em done. Who in their right mind could have bought in Section 24 Tax.
Who in their right mind invents a Universal Credit UC System where if Landlord sells house, UC keeps paying him & has acknowledged there is no way for Landlord to tell UC Please stop paying me.
Who in their right mind brings in Selective Licensing to charge Landlords £900+ when they & tenants din't have no problem before & admits they must fill in forms if limited time & that must replace boiler buying for the tenant.
The Council & Govt are obsessed with doing things they believe/know the tenant will give them votes for. If I was a tenant & heard u gonna' make Landlord make my property more efficient/cheaper bills, u can have my vote Mr Boris. Again not talking to us Landlords to find out the side effect. Action has a consequence as we know.
Yes, as soon as any of my tenants start work & lose benefits, I tell em u need to be buying, cheaper long run. Some of the tenants parents say Blimey he's a good un. I tell 'em Listen, thousands more tenants want a house or I can sell, but u get one off limited opportunity to get yourself on the property ladder.
I've got latest boiler etc. I have been told though that my EPC man may have been over zealous for me to have D's & the odd E.
Yes that's the thing, finding the super decent quick repair Landlord. I have to let long standing tenants have a choice. That's good of u to buy 23 in 2001 & keep them in. Like to hear any tips on that. However I bought 18 houses in 2008, but I doubt I could do that now with the paperwork/due diligence the solicitors now make us do, gives me headache when I sell one now with the stuff they ask & if I fitted a door in 2008 when I fit 20 doors a year & not got a clue what I did last week.