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  • Tax

    New report recommends more landlord taxation!

    LHA Rates are capped for the next five years

    so in the poor parts of the Rental sector Rent Control is here

    If you Take LHA Customers

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    Learn Change and Adapt ?????


    Err no rent control isn't here yet.

    Just because LHA rates are frozen means nothing.

    A tenant within the OBC can choose to spend some of their other benefits on topping up LHA to achieve a property more to their liking.

    What they spend their welfare on is up to them.

    Some might choose drink and drugs

    Some on better accommodation

    Those not subject to the OBC because they bother working 16 hrs pw could choose to afford more rent.

    Just because the LHA rate is set at a certain  level doesn't mean tenants can't  afford to pay more rent.

    They can but may choose not to and therefore  will find fewer  LL to rent from.

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    For a very rare change I actually find myself agreeing with most of Labour policy in that article.

    Stop the right to buy

    Stop council housing being sold

    Build another 1m council homes (though as per usual with Labour they don't say how it would be funded)

    I think they could even go further to help private tenants if they gave a bit in return. e.g. 12 month tenancies with automatic right to renew if there has been no substantial breach of terms.  This would give the stability they seem to want to offer tenants.  Even extend the notice we need to give to 4 months from 2 if it is a no fault eviction (for pre determined reasons such as sale).  In return they should make evictions for non payment of rent or substantial breach automatic in 2 weeks to be enforced by authorities if necessary.  I think most PRS landlords would happily accept changes like that in return for the better evictions.

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    Damn right the Govt should stop the Right to Buy, especially as the (less than market value) proceeds aren't put straight back into replacement housing.

    The sooner RTB is dropped the better for everyone.

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    Too right I'd sign up for what you suggest.

    I have NEVER wanted to get rid of a tenant quickly  apart from when the tenants defaulted on rent.

    I'd love a 2 week eviction process in cases of rent default only.

    The problem with building council houses is they don't go to British citizens of sole British nationality..

    So a bit pointless wasting taxpayer monies on those who aren't British citizens

    RTB should only be allowed where the property is sold for full market value and the sale proceeds are ploughed back into new social housing

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    When they make it harder for us Landlords, it inevitably makes it harder for tenants. And they end paying more. And then we get the blame again and then they make it harder for us again and it's a spiralling circle.

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    Your Logic is correct But

    Lets say you are a SE biased MP and your mail box and surgery has FTB who can not afford to live in the place they were brought up due to high

    house prices You as the MP would have sympathy

    BTL has a very bad reputation in the public eye just look at the Guardian this week to see how we are hated

    So BTL is a scapegoat for the filings of the past Govts

    so the result is the Govt have to do something for the FTB in the SE

    Reduce stamp  duty

    Help to Buy ect ect

    we  on the other hand are taxed more and more to put us off investing in the market

    so the idler is more houses for FTB to purchase

    There are two major flaws if landlords don't invest in the PRS

    Fewer homes to rent

    and higher Rents

    But in the face of the electorate its all honkey dory

    If the Govt were building houses to rent to take up the slack I could see its merit

    Again  no joined up thinking and just making things worse for everyone

    apart from the HMRC who are making a quick buck

    The market is going to stagnate but our leaders cant see it

    and possibly crash as Landlords sell up

    I have counted in the streets I buy in 7 new properties coming to the market for sale from Landlords that are not selling

    I ask the question why are FTB not filling the gap ?????


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    Learn Change and Adapt ?????


    They shoud use your words to see why they getting it all wrong.

    But as we know, they won't listen.

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