Is your MP a landlords champion?

Is your MP a landlords champion?

17:59 PM, 30th October 2014, About 10 years ago 105

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With the 2015 elections coming up in six months time it’s time for landlords to start lobbying their MP’s. We need them to realise that over 1 million UK based landlords have a voice and have needs. Is your MP a landlords champion?

I am urging all landlords to write to their MP with a letter similar to my own (see below in italics).

You can be sure that tenants and lobby groups such as Shelter will be doing the same, so if we landlords keep quiet, as the usually do, the only voices MP’s will hear in terms of issues surrounding the PRS will be from those who despise landlords.

My letter to my MP (sent by email) ……

SUBJECT:- Forthcoming elections

“Dear Mr Freeman

As a resident of your constituency, and along with more than a million landlords operating in the residential private rented sector, I am beginning to consider who to vote in the forthcoming elections. I want to be certain that you will support landlords in parliamentary debates so I would be interested to understand how you feel about the following issues which are of primary concern to myself and my peers..

Like me, most landlords are simple hard working folk who invest into property to fund their retirement and who ask just 3 basic things from their tenants:-

  1. Pay rent on time
  2. Respect your neighbours
  3. Respect your home (my property)

No landlord enjoys periods when rent isn’t coming in! That’s why we want our tenants to stay long term. The cost of refurbishment between tenancies and re-letting far exceeds the cost of maintaining our properties and relationships with our tenants.

What landlords need is a quicker system to evict tenants if they don’t do any of the 3 basic things listed above.

Job mobility necessitates a larger PRS, it’s growth must not be allowed to be stifled in any way.

No tenant lives in poor conditions out of choice, increased availability of PRS property will create competition and resolve problems without the need for regulation. Supply and demand is basic economics.

We need Councils to use their existing powers to close down the rogue operators who tarnish the reputation of the private rented sector.

What we don’t need is more regulation (local or National) to be funded by stealth taxes on landlords (AKA licensing or registration fees). I doubt tenants would vote for this either when they realise it puts an upward pressure on the rent they pay and there are thought to be around 5 million tenants in the UK. 

The powers granted to local authorities to implement Additional and/or Selective licensing need to be removed. These powers negatively effect property values and insurance premiums for all property owners, regardless of whether they are owner occupiers or landlords. Also, there is no strong evidence to suggest that licensing reduces anti-social behaviour, which is why these schemes were introduced in the first place.

CGT rollover relief is applicable to landlords who invest in commercial property, but not residential property. That is counter intuitive! Tax reforms are needed to encourage residential landlords to trade up and to create more churn in the property market.

Please let me know which of my above comments you agree or disagree with so that I may consider how I will vote at the next election, and so that I may publish your reply at Property118.com for my fellow landlords within and outside your constituency to read.

One final question please; do own one or more residential properties yourself which you let to tenants? A simple yes or no to this question is all that is required.

Yours sincerely

Mark Alexander”

Important footnotes to Property118 members

You can find details of your MP here

You MUST quote your address in correspondence.

When you have sent your letter please post a comment below.

When you receive a reply from your MP please post that below too. If it’s a long letter please email to mark@property118.com and I will get it linked to your comment so that it can be opened in PDF format.

 


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Comments

user_ 1346

16:48 PM, 25th November 2014, About 10 years ago

Obfuscated Data

Colin Dartnell

18:18 PM, 25th November 2014, About 10 years ago

Reply to the comment left by "Neil Patterson" at "25/11/2014 - 13:10":

HI Neil No worries just pasted it 🙂

user_ 1346

11:02 AM, 26th November 2014, About 9 years ago

Obfuscated Data

Mark Alexander - Founder of Property118

11:05 AM, 26th November 2014, About 9 years ago

Reply to the comment left by "CaZ " at "26/11/2014 - 11:02":

Hi CaZ

It would be great if we could persuade him to be an active member of Property118.

I would be happy to give him as much exposure as he wants, i.e. sharing his reports etc.

Plymouth is too far for me to travel from Norwich but I would be happy to meet him in London if he sees any value in it 🙂
.

user_ 1346

11:53 AM, 26th November 2014, About 9 years ago

Obfuscated Data

Dr Rosalind Beck

14:08 PM, 26th November 2014, About 9 years ago

This sounds excellent and very promising. It's nice to hear something positive. I wonder if he could give us an idea of who else is on the Committee and what they propose to do vis-a-vis the vote on the Bill on Friday?

user_ 1346

14:47 PM, 26th November 2014, About 9 years ago

Obfuscated Data

Mark Alexander - Founder of Property118

15:14 PM, 28th November 2014, About 9 years ago

LACK OF SUPPORT HALTS REVENGE EVICTIONS BILL

Commenting on the failure of the Tenancies (Reforms) Bill to progress past second reading in Parliament today, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said:

“The NLA has always been concerned that there is not the weight of evidence to justify the need for additional legislation.

“It seems the majority of MPs share these reservations given that so few were present to vote for it.

“Retaliatory eviction, if and where it does happen, is an unacceptable and completely unprofessional response. Tenants should be able to raise issues with their landlords without the fear of losing their home. However, the Tenancies (Reforms) Bill is a response more to the fear of it happening than widespread experience”.

Dr Rosalind Beck

15:23 PM, 28th November 2014, About 9 years ago

Hi Mark.
Does this mean it is completely shelved?

Michael Barnes

15:31 PM, 28th November 2014, About 9 years ago

Reply to the comment left by "Rosalind " at "28/11/2014 - 15:19":

Debate was 11:30 to 2:30. It continues next Friday.

All a second reading realy means is "do we agree with the principal aims of the bill and should it go forward for detailed scrutiny?"
There is the Committe stage next (detailed assessment and ammendment).
Then the Report stage (detailed debate by all interested MPs)
Then the Third reading (no amendments; vote on whether or not the Bill is acceptable as a whole)

After all that, it goes to the Lords where there is further scrutiny and amendment.

The bill is going to proceed because all the major parties support the principles.
What we need to ensure is that it is not unfair to good landlords and does not stifle the PRS. That means we need to alert our MPs to everything that is wrong (not just we don't like) with the bill, and it's potential for misuse and unintended consequences.

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