Legal limits for rent rise?

Reply to the comment left by Rajeev Kanwar at 19/06/2023 – 18:55
HMRC could check, but they won’t find anything that benefits me indeed. So, the tenants are paying the rent to legal owners only. They also pay their tax and fill their own self assessment form every year

I hope Shelter are reading this. Many landlords are honest, hardworking people who strive to provide a good service to the community, often at their own expense.

Reply to the comment left by GLee at 19/06/2023 – 21:31
Hmm….then we’d be running a charity so let’s be real, we all looking to make a profit but that doesn’t make us bad landlords.

Charging a correct rent for the area and dwelling. Keeping in line or just below market value makes financial sense. Anything less you asking for trouble. Renting property is like a business. If you want to make it work, you need to always look into the future too to plan ahead for worst case scenario’s too.

Reply to the comment left by Rajeev Kanwar at 19/06/2023 – 18:55
We are ‘professional landlords’ with a limited company and a medium-sized portfolio, but we have not raised rents routinely every year as our mortgage costs have stayed extremely low for many years now – why would we have pushed rents up and added to the general image of greedy landlords getting every penny they can out of downtrodden tenants? I think the tone of your comment was unwarranted.

Thinking outside the box. If anyone is selling up but still wants to invest in rented properties there are companies you can buy shares in like Unite Group, a FTSE 250 company, which currently yields 3.6% and dividends should increase over time. It specialises in student accommodation and partners with 60 UK universities.. If you can be relaxed that share prices can go up but also down this might be a lot less hassle than your own BTL. The way things are going it seems that companies like this will be encouraged by governments rather than supporting nasty, greedy private landlords.

Only just joined this site
After 10 years of renting.
1 st tenant dealing drugs left property with all contents left for disposal due to money owed to drug gang.
2nd tenant left without reason left a tip again skip contents.
3rd had to evict as received asbo and non payment 4 months
Complete wrecked house all electrical sockets ripped out left crap furniture and bike shed full of wood and rubbish took a whole van paint on walls carpets ruined kitchen ripped out
Never will I ever be a landlord again. I know I’m not alone but heart breaking and so much hassle not worth it now selling up as house in need of complete refurb thnks to vandalism on a high level

Reply to the comment left by GLee at 19/06/2023 – 21:31
They probably are, but how often do they comment on landlords that try to do the right thing?