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  • Buy-to-Let

    Rent controls to be reintroduced into the UK



    Just when you thought that there could be no more bad news for landlords, it seems that Scotland is leading the way with the re-introduction of rent controls!



    Full/source story - Property Industry Eye 

    This comes in the wake of the news that the Scottish property market continued to progress during July, with prices growing month-on-month and rental yields again performing strongly.

    As the Scottish Housing Minister mentions below, Scotland is often looked to as an example of raising standards in the private rented sector, so this could be an indicator of things to come for the rest of the U.K.

    SEE ALSO  -          5 threats that should be on landlords' radar

    UP NEXT -              The REAL reason for Government attacks on LLs

    DON'T MISS -         Return of rent controls?! 

    NOW WATCH: 

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    Have I not said this before

    It will come as sure as the leaves fall off the tree in Autumn

    Landlords don't want it But I bet everyone else would be for it

    This may sound silly but this Topic and other Taxation Issues I believe BTL is finished and I have to invest elsewhere

    Can I rely on BTL to give me a good retirement No I Cant ?

    I thought BTL would see me through retirement and old age

    I just don't have the faith now in our sector

    If S24B comes and Rent Control we will be sunk

    Give me pensions and ISA investments over BTL anytime

    Its only a matter of time.

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    Learn Change and Adapt ?????


    The Landlords I have discussed Rent Controls with do not see it as being a problem.  They see it as a benefit whereby they can blame the Government for regular rent increases and they currently only increase rents every 2 to 3 years so annual increases would be great.  They also say that 1% above CPI is higher than they are increasing rents by at present

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    You make a very good point

    as an old NE Landlord Rent control was not an issue and we had regular reviews

    I did a little bit of checking the facts on this

    In 1982 the rent I charged was around £28.00 per week if I use the Bank of England inflation calculator the rent today is around £100

    This is identical to the LHA rate of today

    If the Govt brings in Rent Control and uses the rent data it has from the LHA rates

    You now can see what level of rent the Govt would use

    The North has not got an issue But The South its a very different matter

    in the NE we have not had rent increases in 10 years

    so what is the result ???  

    Don't forget S24 was retrospective there is nothing to stop the govt doing similar

    Just think how happy the Jams would be with a rent drop in the SE

    If there was ever a vote winner for the young renters this is it

    I am 99% certain this will happen now


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    Learn Change and Adapt ?????


    Rent increases via CPI are all very well, but it can't cope with increases from things like S24!!!

    LL must always be allowed to charge what they wish.

    The market should control rents!!

    There will be heavy use of brown envelopes and LL moving to self management and RENT COLLECTION.

    There is simply no way rental property would be viable with controlled rents.

    There would have to be a mass sell off

    Nobody could afford to buy. It will cause a bank run when banks realise their properties ate substantially reduced in value

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    You talk sense

    but when did a govt ever have sense

    Tories Need votes what better way of getting them

    If I was renting and could see a cut in rent I would vote for it

    would you not

    This is why I just don't depend on the PRS to fund my old age paul

    BTL as we know has a shelf life of I would say 4 years and then it will come in to get votes

    so stash your cash now that's what I am doing and have done for two years

    I have worked out using my pension plans and my ISA funds I can give myself a good income away from BTL

    and if the worsted happens I will be OK

    Landlords need a plan B and a Plan C I have been saying this for the past two years

    Big Company Landlords will plan around this if they have sense

    When Rent Control comes it will hit Landlords much harder than S24 and PRA in the SE of England

    The North is a different kettle of fish we have not had rent inflation so it may work out ok

    But I am not taking the chance






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    Learn Change and Adapt ?????


    Tories Need votes what better way of getting them

    I am puzzled. Are you calling the SNP Tories?  Or Labour? Those are the parties proposing rent controls.


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    nice reply same 2 you

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    The conservatives have moved more left than ever before so I can see them taking this policy from Scotland

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    Learn Change and Adapt ?????

    This is a policy that appeals to the benefit of working class who cannot afford to buy their own homes and get ripped off by greedy landlords. This isn't a bad idea as long as each property itself is individually valued based on the location and quality of the accommodation being sold. Just like hotels they should be given a star rating and valued under certain bands.

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    It would be a very bad idea if the government were to try to determine rents, but that is not what is proposed, which is just a percentage limit on how much rents may rise.

    See https://www.edinburghnews.scotsman.com/ou...-1-4412109



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