Privatisation of the Private Sector Landlord?Make Text Bigger
Make No mistake both The Conservative Party and The Labour Party intend to Nationalise The Private Sector Landlord. The scrapping of the Section 21 Notice, which both are committed to, means just one thing. Lifetime tenancies!
For the Private Sector Landlord (PSL) he will never get his money out and we will be back in the Pre 1989 situation of Lifetime Tenancies which can be passed onto the next generation of tenant. A vote for either of the two main parties means precisely that!
You might say well you are exiting so why bother? Well I did sell a number of houses yesterday, but I must have some concern for other property investors. I still have tenants who moved into houses purchased off plan 15 years ago who still live in the same house and want to stay. Those houses are being sold to other bulk investors who wish them to stay another 15 years. Their children have now grown up and fled the nest.
It is a fallacy that tenants are given a Section 21 at the end of six months. The vast majority are not.
The average tenant lives in a house 4½ years and it is he that gives the landlord Notice not the landlord giving a Section 21.
The word Politician is a ‘dirty word’. You cannot believe a word politicians say. When they speak think of Pinocchio. You are swimming with sharks!
After 30 plus years as a PSL my advice is do not believe a word anyone tells you. The European Elections are on 23rd May 2019. Exercise your vote.
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