Tenants – It’s getting worse unless you see both sides and write your MP

Apart from inflation running at at least 6%, there are huge government created problems with flats after Grenfell. Insurance for these has increased tenfold, not just by 6%. Another issue that will cost billions. And we have huge taxes coming for the environment, which all will get badly and wastefully spent on the wrong things by idiot politicians and mediocre lazy civil servants. The sinister "you will own nothing and you will be happy" is coming......

Reply to the comment left by Mick Roberts at 22/10/2021 - 11:02So Shelter think S.21 has already been banned? Wait til the Bill is passing through its first reading and look at the figures again if they don't think the current shortage of rentals has anything to do with the threat of S.21 abolition. Green and Lib.Dem. policies have already been adopted by the current government and some conservatives are also in favour of Labour's rent control demands.
When there was a choice of properties for renters market forces operated and if a tenant was not happy wiith the condition of a property they could leave and find somewhere more to their liking, so bad landlords had to up their game or accept rock-bottom rents. Now people are made homeless because their room is 1cm below the minimum dimensions arbitrarily decided by their local authority or part of the room is below the minimum height. From a tenant's point of view a small bedroom at a proportionately lower rent is surely preferable to being on the streets. From what you say, Mick, it seems Shelter's lobbying for licensing and regulation plus claptrap about nearly half of tenants suffering anxiety and mental health problems because they are terrified by insecurity of tenure in PRS accommodation have created the very situation they were bleating about.

1% tax - on what ? Can someone clarify

Reply to the comment left by Old Mrs Landlord at 23/10/2021 - 12:53
Yes, we did have to up our game previously as u say when tenants had a choice.
Yes, my tenants don't know what day it is when they see all their mates can't get anywhere & sky high rents.

Approx up to 2014, my tenants could leave if they weren't happy with me or builder or house. I don't get anyone leave now which is good for finances, but not good for slowing down.

I was doing these video's quite regular, now no one can leave, not had time do any for years:

https://youtu.be/i_HKaqYlHi4 Tenants from Hell Bulwell.

https://youtu.be/OzqVVRlZzE8 Tenants from Hell Bestwood Park

https://youtu.be/QcENHbgfMR4 Tenants from Hell Top Valley Nov 2010

https://youtu.be/_UvO8dmxGQQ Tenants from Hell May 12th 2010.

https://youtu.be/DzRIyfLHRn0 Tenants from Hell May 10th 2010.

The rest are on http://www.youtube.com/mickroberts2006
I han't done any for years.

Reply to the comment left by Accommodation Provider at 23/10/2021 - 14:07
1% tax on the value of each house a Landlord owns.

1% is not a lot. It would be a very fair tax, if implemented.

Well now I've done it! Yes I put it off for as long as I could. The rent was a reasonable £1000 pcm for a 3 bed bungalow. Well all the new regs have now forced me to do it. So now the old tennants have moved into their new house they bought, I decided to give it a try. So I phoned up several estate agents and picked a good one. It cost me £750 to get new tennants, but get this...the rent is now £1400pcm and will be going up next year and every year. It's not even the top rent I could have got. Best of all, the estate agents fees are all tax deductible. Not only am I
£400 better off per month but I dont have all the hassles of being a landlord, because it's all done by the estate agents.
I wish I had done this years ago. It would have saved my nerves and stress levels.
I get an invoice every month, I get no midnight phone calls and anything that does need repairing is done quickly and efficiently, by quality well vetted tradesmen, by the estate agents. The new tennants love their new home and want to stay long term, which is fine by me.
I'm going to do this for the rest of my properties now. It does mean rent increases, but I leave it to the estate agents to decide what is fair. Life is fantastic again. No worries, no hassles. Roll on the extra rules and legislation, it will only increase rents and profits for landlords and increase quality and standards for tennants. The non paying slob tennants will not get a look in, and neither will the slum landlords.
(PS I speak as one who has spent half his life in rented bedsiters, so I know what's it's like on both sides of the issue. I remember when I had to pay rent AND put £1 coins in the electric and gas meters that were highly rigged so £1 would last about 2 hours. Happy days- Not!)

1% may not sound a lot to you but that could easily be 30% the annual profit from a rented house in the south. Don't forget a tax is not an expense so it would come from net income as well.
It would certainly result in significant rent rises.

Reply to the comment left by Paul Essex at 24/10/2021 - 09:30
My AST says
"RENT £xx.xx payable in advance every calendar month, plus any taxes or fees imposed by central or local Government"

A tax on top of another tax is not legal. It is called economic double taxation. Calculate it out - with mortgage interest on 70 to 80 percent LTV thus 1% means wiping out most of landlords profit. A house runs at 3% yield and mortgage is 2.5% on average and after Osbourne's already illegal disallowance of interest - he wrongly thought to make it similar to house owners not renting out - forgetting he has here made expenses for one business not deductible. Exceptional discrimination. Trying making cost of bread not deductible for sandwich makers! But back to the 1% - they cannot do that as a very large proportion of landlords will stop causing acute further shortages of rented property available. That will probably cause nationalisation meaning expropriation of our property. The UK government is then the same as African dictators.