Rent increases set to double in 1 year

aveatry

aveatry

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After the end of a 1 year rent freeze.

Rachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets.
Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated within government as part of a major cost of living package to be launched in the coming weeks.

Debate is on right now on LBC -James o brian
 
aveatry said:
After the end of a 1 year rent freeze.

Rachel Reeves is considering imposing a one-year rent freeze on private sector homes amid growing alarm in government about the impact of the Iran war on voters’ budgets.
Landlords in England would be banned from raising rents for a limited period of time under the proposals, which are being debated within government as part of a major cost of living package to be launched in the coming weeks.

Debate is on right now on LBC -James o brian
Click to expand...
Politicians spout bull.

Rebecca Long-Bailey was on Politics Live today where this was also discussed. According to her, those who bought their houses through right to buy then sold them to private landlords.

What, all of them?

So of the thousands upon thousands of properties bought through the scheme, 100% of them were subsequently sold by the (ex council house) owners to private landlords?

Source please Rebecca.

During covid, the great SNP put a moratorium on rent increases and evictions. Thankfully ended now. Because private landlords don't have costs and expenses to worry about ;)

I'm convinced Labour, SNP and Greens will continue to turn the screw on private landlords. The industry is trying to tell them more and more hoops means more and more landlords are leaving the sector (which is what they want of course). And because the social housing builds aren't keeping up, what does that mean? Less options for these people re where to live.

All falling on deaf government ears.
 
Now that the plan has been leaked the government are back tracking and pouring cold water on the plan.
Too late now all landlords are going to increase rent now instead of later and much more than they would have done to cover not being able to.
Every time they do something to "help renters" it just puts up the rent.
Some landlords are coming out of a fixed term 1% interest rate and facing a 4% one - coupled with the threat of not being allowed to increase the rent they will now joining the 1,000s of landlords already selling up, less houses to rent = higher rents.
 
blup said:
Considering a proposal or not giving it the time of day?
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being debated within government as part of a major cost of living package to be launched in the coming weeks.

The measure would be a significant reversal from the chancellor, who has resisted including rent controls in the government’s renters’ rights reforms, which come into force on Friday.

But sources informed of the government discussions say ministers are now sufficiently worried about what the conflict in Iran will mean for mortgages and household budgets that they are willing to consider exceptional measures.
 
Mind you, us private landlords shouldn't really complain. After all, we net at least £5k per month from each property and drive a Ferrari. So we shouldn't really grumble.
 
big-all said:
a well rounded well thought out reply based on a high level off effort to inject only fact into your comments ;)
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Private education. Now Private landlords. You saying it's not happening?

They're just a bunch of spiteful, jealous, no hoper trots, commies and marxists. Know how to spend other people's money, but not a clue about how it's earned. Their totalitarian Renters Rights Act has had the effect of making private landlords take flight and sell up in big numbers. As supply of available rental properties dries up and the costs and bureaucracy for landlords still letting properties rise - rents will naturally rise exponentially. Basic supply and demand and all the fault of pathetic Labour policies. Now they're clamping down on rent rises to try to had off the $h!tshow they created. Moronic!
 
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Up here we had a 'leaders' debate on the telly box last night ahead of the May elections.

The Scottish Greens guy was saying tenants shouldn't have to pay their rent if the property has damp.

Couple of things spring to mind.

Any damp? What would the threshold be for them to legally stop paying their rent?

And of course, it wouldn't give some tenants the idea of trying to create damp, simply so they could stop paying rent.

The thumb screws on private landlords continue.

I have three BTLs. One of them is currently being refurbed. I'm seriously considering just selling it because of the guff landlords are having to put up with.

The local council are contacting me now and again to ask if I'd consider leasing it to them long term. Any guesses who they'd be putting in it? So that'll be a no from me ;)
 
diy_fun_uk said:
Up here we had a 'leaders' debate on the telly box last night ahead of the May elections.

The Scottish Greens guy was saying tenants shouldn't have to pay their rent if the property has damp.

Couple of things spring to mind.

Any damp? What would the threshold be for them to legally stop paying their rent?

And of course, it wouldn't give some tenants the idea of trying to create damp, simply so they could stop paying rent.

The thumb screws on private landlords continue.

I have three BTLs. One of them is currently being refurbed. I'm seriously considering just selling it because of the guff landlords are having to put up with.

The local council are contacting me now and again to ask if I'd consider leasing it to them long term. Any guesses who they'd be putting in it? So that'll be a no from me ;)
Click to expand...
Sounds like a intended policy to "force " landlords to hand over the house for 5 years so they can empty the hotels and say - look we have emptied the hotels.
Do you have rent controls in scotland
 
aveatry said:
Rent increases set to double in 1 year
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That's an interesting but improbable claim.

Let's think.

Landlords are in business to make money.

Supply is limited. They charge as much as the tenants can afford.

Is something happening to make tenants twice as rich, so they have twice as much money that landlords can squeeze out of them?
 
diy_fun_uk said:
The local council are contacting me now and again to ask if I'd consider leasing it to them long term. Any guesses who they'd be putting in it?
Click to expand...

Since you ask, homeless people whom they have a statutory duty to house.
 
JohnD said:
That's an intteresting but improbable claim.

Let's think.

Landlords are in business to make money.

Supply is limited. They charge as much as the tenants can afford.

Is something happening to make tenants twice as rich, so they have twice as much money that landlords can squeeze out of them?
Click to expand...
No the idea behind it is that if a landlord cannot put up the rent for a year then when the ban is lifted they will just double the increase to make up for the lost increase last year.
And no the tenants dont have to be twice as rich - we are not talking about doubling the rent - just the increase in rent that was not allowed to go ahead last year.
 
JohnD said:
Since you ask, homeless people whom they have a statutory duty to house.
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There's no responsibility to house everyone.
Single men, with no kids, no specific vulnerabilities etc, only "get help and advice".

Immigrants generaly have a harder time than those with a history of living here, but once a person is given refugee status he's on a par with a Brit.
Then in all cases, such things as "having a local support network", or "having experienced trauma" come in. Those and probably other categories would lean provison towards groups like refugees, who are more likely to have issues there.
 
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