Person Of The People, Author at Property118

Person Of The People

I am reluctant to say 'I told you so' but for over a year the Person of the People has been saying the government was using the previously reformed 1977 Rent Act and associated legislation as their playbook when political...

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... has nobody considered applying for a statutory 80-year lease extension? Going forward, the ground rent is converted to a peppercorn... ... the leaseholder caps the capitalised ground rent cost at today’s value... ... if the existing lease is long...

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... and why is that the freeholder's fault... if your leasehold value reduces the chances are the freehold value has reduced too... the leasehold system does need urgent reform but mainly to protect leaseholders from themselves... further, legislation exists to...

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Reply to the comment left by Person Of The People at 05/04/2026 - 16:36... at the very least, to preserve values, Section 21 notices should be considered and tenants invited to reapply under enhanced credit and tenancy checks... ... it...

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... and there's comparatively little to lose... while they work there way through the broken legal system government will be forced to face the consequences... vacant possession will yield a higher sale price because an existing landlord or buyer have...

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Reply to the comment left by Denise G at 05/04/2026 - 08:11The last truly capitalist government was the early days of Blair when the Trade and Industry Secretary said: "We are intensely relaxed about people getting filthy rich, as long...

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Reply to the comment left by Mark Alexander - Founder of Property118 at 03/04/2026 - 17:38A good point Mark, but Rent Guarantee Insurance (RGI) will only remain available while risk can still be spread. Once the PRS is fully captured...

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The courts are aware of the imbalance but deliberately maintain it: Policy reasons include: • Housing is treated as a social necessity, not a pure commercial contract • Tenants are viewed as the vulnerable party • Courts avoid creating deterrent...

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P.P.S. A government valuer turns up, as under Right to Buy, puts a figure on the property, notes every alleged regulatory breach, and the fines come straight off the top. If the landlord wants to fight, it is years in...

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P.S. And why do you think the new fining structure is so punitive? Because if government decides to move towards the effective nationalisation of the PRS, it will do so: (a) at values depressed by the impact of new regulation...

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The property industry still keeps missing the point because it insists on answering this with rational argument and textbook economics. That is not what this is. This is an ideological push by a vote-chasing socialist Labour government. There are people...

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Rent control at so-called market rent is a deception in plain sight. A kindergarten economist will tell you that a free competitive market acts as a natural rent control, and supply and demand dictate the price. Goods and services rightly...

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The game plan: Stage 1: gain 9 million renters' votes by trashing landlords. Stage 2: use taxation and regulation to deflate capital values. Stage 3: give tenants 1977 Rent Act like rights to buy properties from landlords at deflated prices....

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This is all being choreographed... government wants it all ways... so first they'll want to be seen to support landlords, so those gullible enough will still support them 'for trying' after direct rent controls are brought in. Indirect rent controls,...

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... and you don't think politicians will morph that into 1.5 million new public sector properties. It can easily be coupled with outright council house type security and rent controls which will be a massive vote winner, even if economically...

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An open letter to Shelter Scotland

15th March 2026, 1 month ago

If this is an ideological battle rather than an economic one, no amount of economic reasoning will gain traction. Politicians and spokespersons will simply obfuscate. The only way ideological battles are resolved is at the ballot box or through the...

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An open letter to Shelter Scotland

13th March 2026, 1 month ago

Mark, I could say let’s not allow a few hundred miles keep you apart, but I can understand your reluctance to swap sunny Portugal for overcast Scotland — even for an overnight stay. Perhaps instead we should invite Gordon to...

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An open letter to Shelter Scotland

13th March 2026, 1 month ago

Mark, I thoroughly endorse everything you have said. Let us hope it might open up some positive lines of debate. After years of managed decline the economy is now in a full-scale doom loop, and politicians need to grow up...

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An open letter to Shelter Scotland

13th March 2026, 1 month ago

Mark, Unless Shelter Scotland have made statements that warrant the useful questions you have raised, it would be ungracious to place them in the frame as speaking for everyone seeking to dismantle the PRS. Gordon’s helpful response should be taken...

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An open letter to Shelter Scotland

13th March 2026, 1 month ago

Oops! : )

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Person Of The People

Person Of The People


Registered with Property118.com

15th January 2025

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“Uncomfortable action is the price of success” — Dean Graziosi, AI Advantage Summit, 10 November 2025.