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  • Property-a-holics

    Guardian delivers fake news to bash landlords



    The Guadian has launched an attack on private sector landlords blaming them for evicting tenants and making them homeless.

    Emotive sub-headlines such as "Nurses are among those ending up with nowhere to live after being evicted by private-sector landlords" were used.



    Full/source article

    But the reality is that the social housing sector evicts far more many tenants than private landlords do!

    During Prime Minister’s Questions recently, Jeremy Corbyn referenced a woman who had lived in her private rented home for ten years who faced having to leave her property. He used it to call for three year tenancies and warned that tenants were living in fear of eviction.

    Official statistics however show that private sector tenants have lived in their homes for an average of over four years.

    Figures from the Ministry of Justice also show that in the most recent period for which data is available, 62 per cent of all claims to repossess a property by landlords were in the social rented sector, compared to 16 per cent in the private rented sector.

    Further figures show that just a tenth of all tenancies in the private rented sector are ended by a landlord or letting agent.

    RLA Policy Director, David Smith, commented:

    “The figures speak for themselves. The vast majority of tenancies are ended by the tenant, and not the landlord and the very fact that the person quoted in today’s exchanges has lived in their rental home for ten years shows the sector is already providing long term stability.

    “Many tenants have a perceived fear of eviction because tenancies will often be on the basis of six or one year periods which are, in the vast majority of cases, renewed. It is disappointing that the Leader of the Opposition has needlessly played to such fears.

    “We welcome the Government’s plans to consult on barriers that make it difficult to offer longer tenancies which will provide an important opportunity especially to address the problem of mortgage lenders preventing landlords from offering them.” 

    This tweet from twitter:


    I'd also love some granular detail on where private landlords are raising rents.  My personal experience is that they have been flat for the past two years, with some rent reductions seen in our London portfolio.

    SEE ALSO  -          Corbynomics and the impact on Buy to Let

    UP NEXT -              Homelessness - you ain't seen nothing yet!

    DON'T MISS -         EXCLUSIVE - "Tax changes for landlords could lead to homelessness" says Fergus Wilson

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    Typical Guardian BS.

    The line they printed "...placed in often squalid and unsafe temporary accommodation by local authorities." should be more worthy of a story?

    Where are these squalid and unsafe TA the local authority is peddling, and why is that AND the cost of it to the taxpayer not being reported instead?

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    Exactly. The cost to the tax payer of temporary/emergency accommodation is massive.

    When we recorded our videos with local authorities, Enfield had 1500 people in temporary accommodation and Croydon had 726 on their waiting list.

    The Guardian article mentions that there are 79,150 homeless households in temporary housing, including 6,400 in bed and breakfast accommodation.

    So there is not enough social housing, and private landlords are being deterred from providing accommodation due to Section 24, and local councils are so desperate for landlords they are offering them incentives ....

    Local government is only dealing with a problem created by central government. It is sheer madness and it's only going to get worse imho.

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    S24 or Universal Credit do you think Vanessa?  Or both?!

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    I think it will be Universal Credit actually!

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    You use my tweet about Bolton and falsely extrapolate from this and also issue fake news yourself as the private rented sector does evict more than the social rented sector which you claim the reverse in your article.  There are more PRS than SRS evictions and proportionally too with PRS having 53% of all rented properties and accounting for 54% of all evictions according to MoJ figures.  It is also known that many PRS tenants leave when issued with a s21 and so do not come under the possession statistics from the MoJ.

    You also, perversely, claim that letting agents evict and this is not the private landlord yet letting agents are engaged by private landlords and so such a claim is perverse as they are doing the bidding of the private landlord owner.

    I would also like to see any source for the claim that the average 4 year length of stay in the PRS as I also believe this to be false and can find no source or report that says the average length of stay is any more than 20 months.

    I do say and have said that the media does portray landlords as the private one being nasty and the social one benevolent and that is wrong and needs changing by this superficial and lazy analysis and have also said that the number of evictions in proportion reveals a major problem that is going unseen with SRS evictions especially as they need to have grounds to evict unlike PRS landlord.  BUT your article above asserts a media fake news story to which you have responded with much bigger fake news


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    " There are more PRS than SRS evictions "

    Are you sure Joe? Official Figures (from Ministry of Justice’s Mortgage and Landlord Possession Statistics) show something different:
    Evictions 2016: 20k PRS / 82k Social
    Evictions 2015: 20k PRS / 94k Social.
    Evictions 2014: 23k PRS / 105k Social.

    In every year in the last 3 years social landlords have evicted three times more people than private landlords. Despite there being many more Private Landlords.

    "I would also like to see any source for the claim that the average 4 year length of stay in the PRS as I also believe this to be false"

    The English Housing Survey for 2015/16. The average length of time a tenant has been in their current private rented property is now 4.3 years.

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    _________________________________________________________________________


    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


    _________________________________________________________________________


    Adam

    You are comparing apples with pears by conflating evictions with possessions and they are very different terms.

    The number of seeking possession cases is in proportion and slightly higher than in SRS. 

    SRS landlords have to get an outright or full possession order when in PRS you do not as the tenant often leaves after a s21 is issued as they have little if any chance of legally defending an outright possession (aka eviction as recorded in eviction stats)



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    If we want to compare outright evictions, the SRS instructs more bailiffs than the PRS.



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    _________________________________________________________________________


    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


    _________________________________________________________________________

    Yes it does and always has - which is precisely my point above that PRS tenants more often than not leave after s21 and make a bailiff unnecessary when bailiffs executing a warrant of possession are needed by law in the SRS.  The figures simply reflect the legal position

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    Rather than concern yourself with the stats fro evictions etc you would do better to concentrate on the reasons why LL  are evicting

    That is the nub of the issue.

    The reasons for many LL  evicting are recent Govt onerous  tax policies and the introduction  of the UC benefit. .

    The media persistently incorrectly reports on homelessness being caused by LL  evicting.

    Well yes that is bleedin obvious; but WHY are LL  evicting?

    The vast majority  of LL  evict due to non-payment of rent.

    This occurs when market rents outpace rent that a tenant has been used to paying or they suffer a loss or restriction in income.

    This is what the OBC; LHA freeze and UC has caused.

    Of course nobody ever mentions that the OBC can be avoided by the tenant wiring at least 16 hours per week

    Witness the woman with 6 children who is on £850 benefits per WEEK!!!!!!!!!!!!

    It is Govt policy that is forcing leveraged LL  to leave the sector or get rid of the less well paying tenants

    Private rental property is a highly costly and still highly marketable asset.

    As such a LL  seeks to maximise income for that asset which for a mortgaged  LL  now costs substantially  more to service since the advent of the iniquitous  S24

    If you wre taxed on fictitious  income might you nit think of giving up and leaving the PRS!!!!???

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