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  • In the Spotlight

    Section 21 - Are landlords under attack?



    The latest addition of LGR's Talking Property with Karl Knipe at the helm is of interest to tribesters.

    In this episode "Are Landlords and the Private Rental Sector Under Attack?" guests are:

    Investment commentator Graham Rowan

    RLA Policy Director David Smith

    Inventory Chair Danny Zane and

    London Housing Assembly spokesman Andrew Boff.

    The panel discuss the possible abolition of Section 21 no fault evictions:


    Graham Rowan says the Government has a vendetta against private landlords and also cites the lack of awareness and engagement by landlords on these issues as contributing to landlords getting a hammering!

    SEE ALSO  -         Section 21 - curated threads, news, & videos

    UP NEXT -             Graham Rowan - "BTL in 2019? I'm out!"

    DON'T MISS -        Are you preparing for "Corbygeddon"?

    NOW WATCH:

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    I went in the loft the other day and brought down my Grandfathers steel helmet and Gas mask from world war Two

    I put them on every time I read UK Landlord news

    Of course we are under attack we are not to be encouraged just like the rest of investors in the UK today 

    The question I need to know is Do I need to build and Air Raid Shelter in the Garden for more attacks

    I think I better start digging

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    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.

    An excellent debate that certainly highlights some of the current issues.

    I don't believe that landlords are under attack, its the AST that's under attack, borrowing for an AST was just the start.

    If I had a machine that manufactured widgets and the government were penalising widgets, they are not penalising all manufacturing, just widget manufacturing. If all my machine can make is widgets I have a problem, but if I adapt my machine to make gadgets instead, I no longer have a problem.

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    There's no vendetta and landlords are not under attack.

    What we are seeing are sensible policies rectifying decades long anomalies.

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    I think I most likly agree with you

    But Retrospective Taxation is unfair and  may cause more problems than it solves

    I agree with a lot of lending rules PRA ect  and I agree with Stamp Duty (The Property  Greed Tax)

    There is a lot of things the Govt and Now Councils are going to bring us

    But the question is will it provide better homes to rent and a better deal for our customers

    I am not sure the Govt has done one thing to make my Customers feel safer in there home due to the Taxation of Landlords and regulation of Landlords

    I think as more landlords are taxed more will sell  That causes a shortage and then one thing will happen Rents will rise and the Poor will have a problem paying the rent and then they go in arrears and then there evicted and then it falls on the Tax Payer for short term accommodation ect

    We need some joined up policy's from govt and some sensible  policy's so we can work with them in future years and make this sector better for all

    I know I am in a Minority but I support Rent Control








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    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.


    I think limiting LTVs to, say, 50% LTV would have been better than taxation changes, agree with you there.

    The retrospective thing doesn't bother me as landlords were given plenty of years of warning to get their affairs in order, I don't like the fact that it's effectively a tax on turnover rather than profit.

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    Agree that the sectors needs a reform - however the way the Govt have and are going about is poorly thought out

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    Four Examples

    • Section 21 has exposed a negligent / incompetent mindset issue within the Govt of this sector, they should look at the evidence of why S21 is triggered by LL in a majority of cases, come up with a better alternative and then propose that while ensuring stability for the tenants.
    • HMO Licensing - Agree with this, however it has to be fair, economically viable and enforceable. 1200 for a HMO license along with the red tape is not.
    • S24 - Hasty decision to Tax Turnover, it defies all business logic and the trickle down effect is significant, not just for the LLs (especially High Rate Tax Payers) but equally importantly for the tenants (customers) that the action was trying to help in the first place. If the goal is to reduce the risk of high leverage of LLs then they should ban LTVs of whatever the % they feel is the risk.
    • Universal Credit and impact on PRS

    It doesn't surprise me as past and present govt have messed up on countless number of issues.

    • Grenfell
    • M4 BUS Lane (yes, a bus lane on a motorway)
    • Promotion of Diesel Vehicles and then increasing Diesel Tax only to now force us out of Diesel cars.....(at our expense).
    • Cycle Highways, narrowing roads, double width bus lanes (Gridlocking major Cities like London and then complaining about air pollution).
    • Abolishing Feed-in Tariffs for Solar while apparently promoting a Green Agenda (ROI on Solar is now 40 years.....good luck with that).
    • Promoting a Green Agenda while pushing for the 3rd Runway at Heathrow.
    • The Debacle of many Infrastructure (infact I struggle to think of a handful of 1B projects that have come in on time and on budget)......

    This is off the top of my head...I am sure if we put our minds to it the list is endless.......so why would their treatment of PRS be any different.

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    they should look at the evidence of why S21 is triggered by LL in a majority of cases, come up with a better alternative and then propose that while ensuring stability for the tenants.

    They are aren't they? They're reviewing Section 8 procedure as part of this.

    I've long said I'd accept losing S21 if they sort out eviction process for legitimate reasons such as rent arrears or ASBO behaviour.

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    Lets wait and see whether Sec 8 will be fit for purpose...

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