Anti-landlord nonsense steps up a gear – thank you Labour and Generation Rent

Anti-landlord nonsense steps up a gear – thank you Labour and Generation Rent

9:20 AM, 21st June 2024, About 3 weeks ago 12

Text Size

I’ve tried to ignore the manifestos and was doing well but then up pops my old friend Angela Rayner with some more nonsense about landlords in the private rented sector (PRS).

Labour doesn’t understand housing and it certainly doesn’t understand landlords – and why we have invested time and money in providing housing for others.

It’s not like the properties we rent were gifted to (most) of us, but that doesn’t stop Labour and its acolytes from thinking we are leeches.

Indeed, it’s hard to believe that we should take whatever they say seriously, but the self-inflicted implosion of the Conservatives means we will have to face some uncomfortable truths.

Tribulations that landlords face

Leaving aside that there’s no mention of the trials and tribulations that landlords face, there’s also no mention of encouragement of new investment either.

It’s all about renter rights and making it more difficult to evict.

That’s all well and good when you are playing to the stalls, but what happens when the homeless numbers go up?

I’ve said before that there’s no chance of Labour delivering 1.5 million homes without major legislation being put in place.

Oh God, I hope they do and those middle-class right-on areas that are so woke, and so left-wing get overrun with new social houses.

Social houses that people who have just turned up the country are in the front of the queue to get, natch.

No appreciation for Section 24

There’s no appreciation for Section 24, rising interest rates and a court system that sees an eviction taking years, not months.

Talk of a four-month notice period made me laugh out loud.

A dedication to abolishing Section 21 to make renters more secure and lower homelessness numbers is pure fiction.

I say let’s get rid of Section 21 and move to Section 8 so the courts and Shelter can see why we are evicting.

I’m guessing that route will be blocked pretty quickly.

Also, still no explanation of how section 21 will be abolished on day one – nothing.

They can’t be using emergency legislation, can they?

Part of me hopes so because they’ll have to stymie evictions as landlords finally wake up to the huge issue facing all of us.

There will be a ticker tape parade of section 21 notices flying through the air and we’ll be regaled on BBC news about landlords abusing the system.

Not tenants not paying rent.

Law to end tenant bidding wars

But the biggest laugh has to be a law to end tenant bidding wars. What?

A result of (high) demand and (low) supply is that those who can, will offer more rent to secure a home.

That isn’t the fault of landlords.

And as Labour gets its feet under the table, more landlords will see what a precarious situation is developing and might join the throng.

More homes for sale mean fewer homes to rent.

Fewer homes to rent means higher rents to pay.

Higher rents mean tenants offering over the advertised rate.

Do you see where I’m going with this, Ange?

Just do some joined up thinking for once.

Talk of ‘unscrupulous landlords’

There’s also plenty of talk of ‘unscrupulous landlords’ but nothing about bad tenants.

Nothing about our homes being trashed, rent not paid and the courts actively working against us.

Labour’s la-la land sees tenants as paying rent on time, having pets that don’t need to wee and homes being left in a pristine condition.

Tenants don’t commit anti-social behaviour but, obviously, in selective licensing areas that is the responsibility of ‘unscrupulous’ landlords.

Landlords dream about quality tenants – it’s why we don’t evict them!

The writing is starting to appear on the wall for landlords – Labour wants to destroy the PRS.

It has believed the sound bites from the likes of Shelter, Generation Rent and Crisis.

Sadly, the Tories have done nothing to help the sector. Nothing.

That’s why we are going to see a true political episode when the election result is announced.

A self-inflicted injury by a party that doesn’t care, has lost its way and doesn’t know what it stands for.

What a state of affairs when we have two insipid, uninspiring men to choose from.

Financially rewarding being a landlord

In the coming months, we’ll see whether it’s going to be financially rewarding being a landlord and many will be preparing for the worst.

If we can’t make the numbers work, I imagine that the landlord exodus in the first 12 months of a Labour government will be on a scale we haven’t seen or imagined before.

Great tenants will lose their home and we’ll have to explain that ‘Labour did this’.

Spell it out. Make sure tenants understand. Urge them to put the reason why on social media.

The other upshot is that landlords will need to protect their business.

That means market rents and taking tenants who can pay – tenants with guarantors and who look after a property.

That will leave a lot of renters to struggle – but that won’t be our problem.

Labour has fired the first shot in its anti-landlord war and there will be causalities.

The war of words will get messy. But then, we didn’t start this fight.

Hoping for a hung Parliament

I’m still hoping for a hung Parliament, or Reform holding the balance of power.

It won’t happen. Things have gone on too long.

Landlords need to work together, tenants need to work with us and ignore the empty, angry words coming from Labour.

As the new laws and regulations come in, there will be lots of people celebrating the struggles of landlords – even our demise.

And as the investment we worked so hard for slips from our fingers, as homeless numbers rocket, just appreciate that we did our best.

It was our political leaders that let us down.

Until next time,

The Landlord Crusader


Share This Article


Comments

Mick Roberts

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:29 AM, 21st June 2024, About 3 weeks ago

Yes she mentioned those landlords charging high rents.
But failed to mention those landlords charging low rents. You come after us too, what do you think will happen to those low rents Angela?

I've just done a video for Angela: https://www.property118.com/landlords-message-to-angela-rayner-and-generation-rent-banning-section-21-will-leave-tenants-unhappy/

Paul

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:40 AM, 21st June 2024, About 3 weeks ago

Tenants can't afford rents? Well Landlords and property owners can't afford their mortgages. Such is life, maybe they should blame the BOE for high interest rates and the government for high energy costs and inflation and the banks for how they craft their mortgage products for large profits, instead of a landlord who is trying to make a few £100 extra on top of his mortgage a month...

Beaver

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

10:27 AM, 21st June 2024, About 3 weeks ago

Reply to the comment left by Mick Roberts at 21/06/2024 - 09:29
I agree with this 100%...the various UK governments have also been attacking landlords charging low rents and have driven them up.

It was nice to hear someone say something informed and intelligent about that here:

https://www.property118.com/more-than-a-third-of-renters-cant-afford-rents-tds/

Gromit

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

8:20 AM, 22nd June 2024, About 3 weeks ago

I've been saying for quite some time that thing have to get worse before they'll get better. Under the Tories it was too slow - death by a thousand cuts. Potentially under Labour it'll get worse quite quickly then realisation will break............

John Grefe

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

10:45 AM, 22nd June 2024, About 3 weeks ago

I don't think any government understands the private renting business. Labour & others use it to on the pretence "it's to help the working class"! We are all working class just some of us wear different clothes?

Stella

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

19:14 PM, 22nd June 2024, About 3 weeks ago

Reply to the comment left by Gromit at 22/06/2024 - 08:20
Relisation may not break while the Labour party are in power.
It took Margaret Tatcher to come along to turn around the fortunes of tenants and Landlords with the 1988 housing act.
At that time the old system of regulated tenancies had been around for donkey's years.
I am dreading what Sadiq Khan and Andy Burnham will do with a Labour government.
I don't suppose that the BTR brigade will be very happy and if they start pulling out then change might be quicker.
Of course BTR night well be exempt from these regulations.

Crouchender

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

19:50 PM, 22nd June 2024, About 3 weeks ago

Reply to the comment left by Stella at 22/06/2024 - 19:14
It took the SNP a long time to work out their policies for LLs were duff so we LLs will probably get a lot of pain before we achieve any minor gain (in 5 years time assuming Labour is a one hit disaster)

Gromit

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

20:03 PM, 22nd June 2024, About 3 weeks ago

Reply to the comment left by Stella at 22/06/2024 - 19:14They will probably realise but will not want to lose face by admitting they got it wrong, especially as it might well be just before the next GE.

Beaver

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

17:55 PM, 24th June 2024, About 3 weeks ago

Reply to the comment left by Crouchender at 22/06/2024 - 19:50
The SNP never did realise that their rent controls were duff:

SNP rent controls may be in place for 5 years:

https://www.lettingagenttoday.co.uk/breaking-news/2024/6/no-explicit-pledge-to-spread-rent-controls-further-in-scotland--snp

And a recent headline says:

"Scotland a 'no-go' zone for investors under SNP rent controls."

https://www.telegraph.co.uk/business/2024/06/16/snp-rent-controls-scotland-no-go-zone-investors/

But I cannot see any controls here that would stop one tenant outbidding another tenant by offering a higher rent whenever a property comes up to be let. So it seems to me that this will policy will continue to produce dramatic rent increases in Scotland for any new let that comes onto the market.

Tom Jenkin

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:17 AM, 25th June 2024, About 3 weeks ago

Reply to the comment left by Paul at 21/06/2024 - 09:40
Building more affordable housing is not the answer, we have to get away from this nonsense everyone should own their house.
We need to either end the right to buy or amend it sp councils build social housing for every social housing brought under right to buy.
Local councils have to manage their social housing stock a lot better, root out the sub letting problems and get the % of social housing not in use down from the 13% , Holland for instance only 3% of social housing is not used and they are very pro active regarding tenants who sublet .

We need more social housing not shared ownership or subsidies to people to buy a house.

1 2

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now