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  • Property-a-holics

    Empty MOD Homes

    Just saw on the BBC news that there are more than 11,000 MOD Homes left empty costing tax payer over £25 million per year in rent and maintenance.

    As previously stated today there is not a housing shortage in the UK.

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    There is not a house volume shortage per se - but there are issues around affordability/location.

    For poorer households there are many cheap homes in more deprived locations around UK - especially so for those households without workers - eg DWP says only 23% of the 4.7 million HB/LHA claimants are in working households.

    Beyond that if UK society wishes to return housing choices to poorer households - a big increase in LHA is needed - perhaps along with reversal of the Nov 2016 major cut to OBC - a reduction of £6000 pa outside London where 7/8ths of UK pop reside.

    MOD occupied properties are notoriously poorly maintained (which is a scandal) so non occupied ones will likely needs tens of thousands spent to bring them backmin to use. Another issue is that many sites may have little in way of jobs/infrastructure.



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    This is the hypocrisy of the system in this country:

    11000+ empty homes

    £25m which taxpayers are paying for going up the swanny every year (average £2,200pa per property)

    Some of those homes empty for 10+ years and deteriorating!

    Thousands of families in TA across the UK.

    As has been said elsewhere, LL's are getting the blame for taking homes when there is the above option literally going to waste.

    The link to this BBC story should be posted as the default 'here's your answer right here' link to GR, Corbyn etc. 

    11000 FTB homes right there!

    Hey, why not give them away at £1 each lol.

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    My guess is MOD hopes to make a fortune via land sale to developer at some stage - but right now with price stagnating will not be the right time for selling off.

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    MOD was given that land, didn't purchase it, probably WW1/WW2 time.

    They're mis-management deserves no financial reward while there's thousands homeless!

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    Agreed - but once in receipt of the land as a gift MOD became the new owner

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    Landlords bein blamed for the UK's "Housing Crisis", it is all "Smoke & Mirrors".  There is certainly no shortage of housing but certainly an affordability issue due to lack of wage growth, and cuts to benefit system.

    The above factors coupled with years of quantative easing and near zero interest rate policy have added fuel to the affordability fire, none of which is the fault of the landlord.

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    Rooms In Cardiff info@highyield.property | Guaranteed RentLow Cost Management £50/month |Pay As You Go HMO Management | Cardiff Letting Agents & Property Managers | Delivering Double Digit Net Property Returns

    Rent Smart Wales Agent Licence Number: LR-37010-29907

    The Property Ombudsman: E1405 

    ICO: #ZA276375

    We operate Client Money Protection