If not me then who?

by Readers Question

9:13 AM, 27th September 2017
About A year ago

If not me then who?

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If not me then who?

If I do not continue to let out homes as a result of section 24 who will provide the housing?

Are there other options for renters aside from council and social options?

I am Intrigued to know if there are any other groups, aside from private landlords in the market as I have never come across them.

Posted with a genuine interest in who else is providing rental accommodation.

Many thanks

Richard



Comments

david Brinsden

12:11 PM, 27th September 2017
About A year ago

I assume it's the owner of the magic money tree that Labour are going to shake in the future.

Monty Bodkin

14:12 PM, 27th September 2017
About A year ago

The demand is still there and it looks set to increase.

Corporate landlords aren't going to fill the void any time soon, if ever.

Drive out taxpaying landlords and someone will take their place.

Neil Patterson

14:55 PM, 27th September 2017
About A year ago

Big Corporates was the grand Conservative plan.

Especially as that is where they get their funding from!

NW Landlord

18:37 PM, 27th September 2017
About A year ago

Can't see big corporates buying up small 3 bed houses and renting them to low income families I embrace all competition but making it unfair due to s24 is a discrace that will be exposed one day.

Mark Alexander

20:37 PM, 27th September 2017
About A year ago

The policies seem to cater for 'out with the old, in with the new'

Those who can incorporate will do so. Those who can't will sell. Those with money in need of an investment 'as safe as houses ' will buy .... erm ... houses? The difference is they will buy in companies and will not be affected by the restrictions on finance cost relief. They might also invest their pension funds into EPUT unit trusts, which can invest into ..... guess what? ..... houses!

NW Landlord

20:45 PM, 27th September 2017
About A year ago

Hi mark it's just a case of adapting to the new environment as we are all doing in different forms. Do you think In your opinion limited companies could be next though ? I know it's a hard question to answer but it really wouldn't suprise me at all.
They could even implement s24 for smaller companies whilst exempting larger ones ? Or just incorporated portfolios ? All the uncertainty is without doubt hindering the PRS massively. I take the approach of just cracking on expanding, diversifying whilst keeping up to date as that's all you can do really.

Mark Alexander

20:59 PM, 27th September 2017
About A year ago

Reply to the comment left by NW Landlord at 27/09/2017 - 20:45
I have looked at whether it is possible for Government to do something as nasty as s24 to incorporated landlords and I cannot see how they can. That doesn't mean it's impossible, but they would need to be very clever to do it. I really don't think they are that smart though. Only time will tell.

If they do play cat and mouse there are other moves for incorporated landlords to make. I will keep my powder dry on those though, just in case!

NW Landlord

21:04 PM, 27th September 2017
About A year ago

That's great I have incorporated and wouldn't have known where to turn without this forum so thanks a lot it has helped 5 other friends / partners aswell and has allowed me to put that to bed and concentrate on other opportunities ! Knowledge is power as they say 😊

Richard U

11:42 AM, 28th September 2017
About A year ago

Good to see the various views on here. Is anyone aware of any corporates buying up victorian terraces, or city flats from private landlords? The only thing I have seen is corporate investment in Student halls.


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