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The Scots are looking at Rent Control
I have just been up to Scotland looking at some forestry
And the Land Agent sent me some info about Rent Control in Scotland
I have always thought it would come to the UK
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Not sure it would affect us too much in the NE DL, rents are not high on ratio to earnings I wouldn't say
I agree I think we are safe in the NE
if they bring in rent control we might get an increase in rent
Disclaimer: I have no legal expertise nor am I a qualified advisor on any subject. A humble landlord using an open forum to exchange ideas and experiences.
Rent Control has to come
Its all part of the professionalize the PRS long term
I personaly think we are going down the road of the Taxi Industry
Im sure at one time Taxis were not regulated just as BTL has been in the past
so take a Que from Taxis
CRB check (Fit and Proper person )
I think the above list has to come to BTL
we are providing homes Broadband ect is not a must have
More regs are going to happen and some of it I agree with to be honest
I know landlords would not welcome rent control but what has our opinion got to do with anything ?
If you were looking for votes, I think Rent Control would be welcomed by voters
Of course we had it before when I started out in the game of Monopoly in the early 1980s
Buses, Taxi rides are all controlled. I just think its a matter of time before we have it in one form or another ...
Hi DL. My brothers are looking at getting into BTL in South London, ironically as I am slowly getting out. They think I am mad (based upon their spreadsheets). My youngest brother pointed out to me today that even in the London Borough he is offering in the rents are really cheap, ie studio flat £800pcm. (I don't see that as cheap because I remember them being £350, but he does.) However the flats in question, like a lot of one beds, can accommodate a couple so that would be £400pcm each. He, and his peers in their late 20s, think £400pcm is peanuts and too cheap. His girlfriend is a teacher and she is earning nearly £40k pa and as he pointed out could quite easily manage that on her own, I use her as an example because I didn't think teachers were known for being highly paid. So what do you think is the pressing need for controlling rents, out of interest?