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  • Property-a-holics

    The end of Section 21 - insider insights



    As Section 21 continues to trend across social media, ​Property Tribes is pleased to present this interview with David Smith, Policy Director of the Residential Landlords Association.

    David has spent the past few days undertaking a media tour, giving the landlord's view of the Government's intention to consult on the end or dilution of Section 21 in the PRS. 

    David has also been having discussions with Government and is therefore perfectly placed to give us a clear indication of where the Government is heading in respect of Section 21:



    As mentioned, the RLA will be issuing their Section 21 survey tomorrow and we urge all landlords to complete it.  

    SEE ALSO  -         Government announce dilution of Section 21

    UP NEXT -             Section 21 and 6 month tenancies

    DON'T MISS -        End of Section 21 - "butterfly" effect

    NOW WATCH:

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    I think we need to take a leaf out of tenant's groups book.

    As demonstrated by the traction and action they have got - what they are superb at is controlling the public media narrative, once public opinion is set the government then has to respond with "consultations" and policy announcements, which have been driven by the public opinion - as directed by the tenant's groups. The policy and direction of travel is already baked in.

    We need to get out there with our own concrete proposals for reform - and get the public debate going over what is reasonable - the government will then be on the back foot and when it writes it's 'consultation' surveys and will have to respond in some way to the public debate we have already triggered.

    Remember this 'yes minister' sketch - whoever writes the survey completely controls what the response outcome will be !

    https://www.youtube.com/watch?v=G0ZZJXw4MTA



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    DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.

    I agree with Owen — the tenant advocacy coalition has been very effective and very impressive in how it's gone about achieving a list of goals. It has won major policy victories in the past few years, despite a well-entrenched industry counter-lobby (for example, ARLA is the Secretariat for the PRS APPG) and a legislature with a significant amount of landlords - and even a few letting agents!

    The tenant advocates do have a lot on their side, however. Reframing the PRS in terms of homes and human stories about eviction is much more evocative than industry arguments that rely on the conception of property as an investment, not a home. The tenant coalition have used this really effecitvely. 

    I suppose this is what happens when all the policy analysts and advocates live in London's unaffordable PRS!

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    The UK's largest letting agent. No admin fees for tenants, first listing free for landlords!

    Proud OpenRenter, reluctant lead tenant.


    I am not clear that "Tenant Advocacy" is a good term, as they are now arguing for measures that will make things significantly worse for tenants.

    Consider the impact of the No Fees bill on pet tenancies for example, with their nutcase 5 week deposits. In Germany - allegedly paradise - they are up to 3 months.

    They have also broken a lot of business models. I dropped 3 year no-rent-increase clauses after Osborne I, having charged no routine fees whatsoever for 15 years+ I now have to examine how I will manage the risks, and the prospect of rent controls mean that increases below inflation or zero in-tenancy increases are about to get canned as well.

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    I'm not sure, the "Do that and we sell up" has got to bear fruit eventually. Its been the default policy for a long time now. It's strange that FTB's high five each other when we say it but im sure it will catch on. /S

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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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    Well, Adam Hosker, according to the EHS the PRS in England was down by about 150k units in between (2016-17 to 2017-18) - I wonder what the number is for 2018-19 - despite the Housing Minister simply lying (or being pig-ignorant) about the numbers produced by his own department in an article 2 weeks ago (para 2, sentence 1).

    So it is happening and appearing in the Government statistics.

    There was a poignant and ironic article in the Graun this week about someone who says she is proud to be involved with the likes of the London Renters Union, who go about harrassing landlords and lobbying for attacks on the PRS, then having a whinge about there not being enough PRS properties in London for her to find one.  I wonder why they have gone?

    https://www.theguardian.com/commentisfre...d-sky-news

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    Perhaps all that is accurate, my point was "we're packing up!" is not a constructive argument.
    The government thinks we have too large % of the housing market, First Time Buyers think we get in their way and their Parents think we bump up house prices.
    We need a different mantra, as the image of a policy having landlords packing their bags is celebrated.
    This is why each election cycle we see some other landlord bashing policy, they think its a vote winner.

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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.

    _________________________________________________________________________

    The political parties want to stay in power and they will get more votes supporting tenants than landlords.So the trend of bashing landlords will continue regardless of how professional landlords become or how big their advertising budget is.

    For the landlord, they have nobody to vote for. Corbyn will be an even worse option than the Tories.

    If you want to survive financially its best to invest in things that are actively encouraged.Diversification is the key to financial survival.

    For new money BTL is best avoided if you ask me.Holiday lets are a far better option until its attacked as well.

    I would have thought bed and breakfasts will be in very high demand as people on benefit have no where to live.


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    the PRS in England was down by about 150k units 

    Who bought the 150k units?

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    Everyone reading this - PLEASE take the RLA Survey and help shape the future for landlords.

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    Filled in couple days ago. Please all fill in and have your say .

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