Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About 4 days ago 39
We launched our landlords survey just minutes after the Chancellor had delivered his 2016 Autumn Statement in the House of Commons.
Hundreds of landlords have already completed the survey, which can be seen below.
Next to the ‘Submit’ button there is a link to enable you to view the survey results.
Our goal is for at least 1,000 landlords to complete the survey. The results will then be shared with National Media as part of our ongoing campaign against to #AxeTheTenantTax.
Major letting agents including Foxtons and Countrywide have already seen sharp falls in the value of their shares.
However, one agent has impressed the founders of Property118 so much over recent years that we acquired 26% of their shares. They have reported their best day ever for new landlord enquiries!
Chris Sheldon. Managing Director of LettingSupermarket.com said ….
“It was only a matter of time before the legislation introduced in Scotland would filter into the rest of the UK so our business model was already prepared and ready for implementation. Our new fee scale to landlords will continue to be the most competitive in the Country offering full management for just 5% of rent (6% for properties inside the M25) and letting fees of just £100 per new tenant (£150 inside the M25). We will not charge for renewing tenancies for existing tenants. We anticipate a substantial increase in business as many landlords will be looking to reduce costs to in order to compensate for continually squeezed profitability, not only as a result of this announcement but also the tax changes announced over the last 18 months to mortgage interest relief and additional stamp duty.”
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