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?
Click to expand...
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.
 
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