Registered with Property118.comTuesday 2nd February 2016
Old Mrs Landlord
Reply to the comment left by "Appalled Landlord" at "15/07/2017 - 14:09m
No problem, AL, they're all going to buy the properties sold off by landlords to create a "level playing field". George Osborne said so, so it must be true.
Reply to the comment left by "Jonathan Clarke" at "05/07/2017 - 19:06":
The institutional investment scenario you envisage in your first paragraph is not a bad idea and, provided they receive subsidies and are not subject to S.24 like individual landlords, could actually be made to work profitably as long as there's no element of the public/private initiative tie-ins which are bleeding schools and hospitals dry. I have yet to hear this idea floated by anyone in political power though.
If your argument regarding regulation is lack of enforcement, I am bound to agree. In many cases this is because local authorities' funds have been cut to the bone, with the result that they resort to superfluous licensing schemes whose main purpose seems to be raising revenue from compliant, law-abiding landlords.
What institutional investor is going to house tenants on UC? They are all aiming for the top end of the market to generate fat profits for their shareholders. And you're not seriously suggesting the PRS is "largely unregulated"? All except Shelter and Generation Rent seem to think it's already over-regulated. Landlords are leaving the sector because of the burden of regulation they have to comply with coupled with the tax changes which together mean for them "the game isn't worth the candle".
Reply to the comment left by "Gary Dully" at "27/06/2017 - 09:23":
But they're not simply a charity, are they? In addition to charitable donations from individuals and commercial entities such as building societies I understand they receive government support - taxpayers' money for their propaganda. Every landlord I know is a taxpayer, and increasingly so with the implementation of S.24 of the Housing Act, so we are all paying to be slagged off and have our lives made more difficult. Talk about rubbing salt into the wound!
Reply to the comment left by "Maria O'Neill" at "26/06/2017 - 13:36":
While the conditions of many BTL mortgages forbid letting to benefit recipients I don't see how this question can be outlawed. Having said that, my local newspaper does so for private individuals though not for lettings agents. Most private advertisers seem to get round it by stating they require proof of earnings.