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( See Also: Liberal Democrats Housing Manifesto )Leaked Labour 2017 Housing Manifesto includes:
Looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance. The above is not financial advice, its me rambling - just passing time on a coffee break.
I cant see any problems with that actually.
I had assumed that rent controls would have meant dictating the rate we could charge but it seems to just mean capping rises as the rate of inflation.
Am I missing something?
Is that you run your business!?
So you only increase rents based on this simplistic measure?
You don't factor in other costs etc?
What about if a S24 type tax was introduced for corporate LL!?
What about if costs of Service charges etc massively increase?
Restricting business to increasing charges to that of a CPI would result in many businesses going out of business.
Rent controls are simply the most stupid thing known to man.
Rent controls would reduce supply and those remaining would ignore such rent caps, they would simply take cash top ups.
Tenants are so desperate they would pay cash to retain or attain a property.
You only have to look at the example of Stockholm which had a rent control regime which simply doesn't work because cash is used to pay proper market and not controlled rents.
Anyone who votes Labour needs their head examining as they would clearly be bonkers!!
Lol, for the record I wont be voting Labour, nor will I be voting selfservative, if I thought there was any point I would always go for the green option but as I live in Doncaster it will be Labour that get in here as sure as eggs are eggs.
Maybe I should think and word my sentences with more clarity, I agree with more or less all that you say on PT Paul, although Im perhaps a little more tolerant.
Of course I need to factor in all that you mention.
But I actually try not to increase rents as I think tenants have it hard enough already (scumbags aside) but there are limits obviously if my own costs continue to escalate.
Also I would choose to retain a good tenant by keeping their rent a tad under market value, than risk driving them away, suffering a void and then maybe getting a bad tenant.
I was really just trying to express relief that Labours stated position wasnt worse.
I think its beyond doubt that the selfservatives have favoured their party donors and the controlling elite to the cost of the ordinary people and that just cant be allowed to continue.
But the idea that Labour will tax the rich to improve the lot of the poor is unlikely to materialise in a fair and balanced way either.
I would imagine that the real villains will remain untouchable whereas the good old scapegoat landlord is an easy target.
So if Labour win I am fully expecting to be hung out to dry.
So on the subject of the housing market who could argue that things are fine as they are.
We need more houses or less people and as less people seems to mean isolating ourselves in the world then we need more houses.
We also need a steady state not repeating boom and bust cycles.
So if and when Labour (or whoever) do get lots of houses built and accordingly lots of tradesmen doing business and all adding to speeding up of the money go round, what we dont need at that point is the whole thing asset stripping again.
Not realy LayLa - the caps are relation to ensuring no rent rises during three year term and that is fine.The issue I have is that there will be more reliance on Section 8 to evict bad tenants (we know section 8 has its faults) and wont be able to use Section 21 with three year tenancies.So that can be fixed, but do we think Labour will make it easier for investors to evict people when they have this line in there manifesto:"housing is for the many and not investment purposes"
For property investors that should be one scary sentence.
Its also good to see Labour is looking to not implement its policy of Forced Sale of Investment Properties to Tenants (Private Sector Right to Buy).
I don't see how private rental property is provisioned unless done so by private investors seeking PROFITS.
WHY would any LL bother otherwise!
Yes Adam I understand and agree, I just expected it to be far worse, tenant RTB @ BMV for example.
I don't see a huge problem either
as a NE Landlord I have not see rent rises for 10 years
A Two bed flat £450 pcm in 2007 and its roughly the same now ??? maybe £475pcm in 2017
I lived with it when I first became a landlord I could live with it today a
Learn Change and Adapt ?????
A rent increase , that would be a first !
10,000 new police for the class war,
Increase Costs/Tax all businesses into oblivion/ relocation, at a time of Brexit uncertainty
Stifle any hints of entreprenership.
Encourage people not to strive to provide for themselves as reliance on the state is encouraged.
Anyone remember the good old days in the 70's/ What could possibly go wrong...