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  • Property-a-holics

    Stop scape-goating landlords RLA tells Tories

    ·         Pro-growth taxation to ensure enough homes to rent to meet growing demand.

    ·         A fair system for repossessing properties that protects tenants from unfair evictions whilst retaining the confidence of landlords to regain possession of their property where there is a legitimate need. This needs to be coupled with a dedicated, housing court to settle disputes swifter and easier.

    ·         Supporting vulnerable tenants by ending the Local Housing Allowance cap.

    ·         Rooting out criminal landlords by providing councils with more resources to better use the powers they already have.

    ·         Rejecting all forms of rent controls which serve only to dry up the supply of homes to rent, reducing choice for tenants and thereby increasing rents overall.

    David Smith, Policy Director for the Residential Landlords Association, said:

    “The new Conservative Prime Minister needs to reconsider the approach to the private rented sector. Otherwise the situation for tenants will just get worse as they face less choice and higher rents because of a growing shortage of properties.

    “We need a raft of changes that will encourage more investment in high standard homes rather than efforts to scapegoat landlords for failures by successive governments to build enough homes.”

    SEE ALSO  -          S24 discourages landlord expansion - £50K cap

    UP NEXT -              RLA warns of mass sell-off by landlords

    DON'T MISS -         Boris - raising higher rate tax threshold

    NOW WATCH:

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    Landlords are the collective punching bag for Successive Governments failure to build enough homes for First Time Buyers, or at least homes they want.

    Though the RLA is forgetting that Conservatives want a home-owning democracy, they dont mind landlords with a small market share. The RLA writing that Landlords are not expanding is music to their ears.

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    My posts are not financial advice but often me rambling - passing time on a coffee break.
    Our team at Bespoke Finance offers Limited Company Buy-to-Let and Cheap Life Insurance.

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    Reply to Adam Hosker. 
    Surely an essential factor in housing from a government perspective must or should be, the degree to which it is required to  subsidise rental housing. Whilst social, council and arguably private housing, are all subsidised to a considerable extent, the degree to which subsidy is provided for the PRS is far far less than in the other two tenures. I fail to see why the Gov would want to discourage the most cost effective form of rental tenure. We do it better and we do it more cost effectively

    Nonetheless our Tory  MPs are rather too inclined to listen to their London centric Socialist/Marxist civil servants, so yes, illogically, I must agree with Adam, the PRS will continue to be scapegoated.
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    Well, its like I said. They do not mind landlords with a small market share. What do they think of this article from the Independent: "the UK has experienced the largest fall in home ownership of any country in the EU. The proportion of people owning their own home collapsed from 73.3 per cent in 2007 to 63.4 per cent in 2016"

    Especially when it's in the Tory Ethos Home Owners Vote Conservative. 

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    _________________________________________________________________________


    My posts are not financial advice but often me rambling - passing time on a coffee break.
    Our team at Bespoke Finance offers Limited Company Buy-to-Let and Cheap Life Insurance.

    _________________________________________________________________________

    I've never seen the variety of reasons why the proportion of people owning their own home collapsed from 73.3 per cent in 2007 to 63.4 per cent in 2016 - do you know Adam?

    Did so many people bail out into rented accommodation due to the financial crisis in 2008 and never returned?

    Someone bought all those 9.9% of properties - can't all have been LL's???

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    Yes it fell to 63.4% in 2016, then started to climb the following year - https://tradingeconomics.com/united-king...rship-rate

    In actual numbers the number of owner occupied dwellings in GB peaked at 17,660k in 2008, dropped to 17,200k in 2014 and was back up to 17,619k in 2017 - https://www.gov.uk/government/statistica...ng-vacants

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    Re point one, exactly!

    Re point two, not sure I fully understand. Isn't it the small landlords with a small market share who are being driven out?

    Given how many Tory party voters must be landlords, quite apart from the drying up of supply for the population as a whole, I have been amazed at their recent policies re landlords

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