Selective Licensing fails with Newham homeless crisis!

Selective Licensing fails with Newham homeless crisis!

8:35 AM, 4th January 2018, About 6 years ago 17

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Readers of Property 118 will be familiar with my opposition to Selective licensing. A revenue raising exercise for Bankrupt Councils.

The onslaught on the PRS is now bearing fruit.

The Sky News report in to the homeless crisis in the UK has today released a startling statistic. The Borough with the most acute Homeless problem, where one in twelve of its residents are homeless is the same Borough which was first to introduce selective licensing for the entire borough.

This nonsense together with Section 24 and the generally hostile attitude to Landlords who are called Criminals day in day out by Government and Council honchos.

Yes The London Borough of Newham wins first prize for having more of it’s residents homeless than any other borough. Newham however, will soon have many other Boroughs following its enlightened lead and putting tenants on the streets as landlords, sick of the vilification and constant tax raids, exit the market.

Landlords why bother.

Other jurisdictions outside of the UK offer opportunities. Let us leave the Councils to find accommodation for all PRS tenants. Lets take our hard earned cash elsewhere, to jurisdictions where we are not taxed to death while being called criminals.


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Comments

Anon

13:06 PM, 6th January 2018, About 6 years ago

Reply to the comment left by NW Landlord at 06/01/2018 - 11:05
>> It is extortion end of story and a stealth tax because councils are bankrupt.

Newham has £800million in debts. Newham Council decided to buy themselves a £110million new luxury waterfront council offices complete with palm trees. They moved all their staff there, but then decided their old town hall in East Ham needed a refurbishment and spent £36million. In 2016, 80% of their Council tax went to paying the bank interest. They took out sophisticated (LOBO) loans. They gambled the financial markets. They believed interest rates would go up, but after the financial collapse interest rates went down. They then had the cheek to blame the banks, rather their decision to take out these risky loans.

Whilst their residents suffer public service cuts. Newham Council have just spent £120m on buying a private rented housing scheme in Brent. They expects yields of between 4% and 5% on the investment in the Collective Old Oak, a 546-bedroom co-living scheme (basically an super-sized HMO!).

This is humouris, as Newham Council are anti-HMO. They introduced Article 4 and Additional Licensing. So why invest in a HMO?

Newham Council took out a £40million loan which and setup a new venture company. This was to pay for converting the Olympic stadium for use by West Ham Football, who would pay some rent, but according to Newham Council, that loan has become impaired and they suggest it will never get repaid.

Sir Robin Wales, who has been Newham's elected Mayor. It is time he stood down. He ha done nothing for the Borough. He has been a Mayor for 20 years. He wants to stand again in 2018. There are 59 Labour councillors and 1 independent councillor and there is very little scrutiny. Sir Robin runs the place like a dictatorship.

Sir Robin's war on private landlords, has ended up in increased homelessness. Most good landlords, don't want to be associated with smear campaign and propaganda from Newham Council. Nor want to deal with all the bureacracy, which Licensing involves. This is on top all of new taxes on private landlords.

How can a Borough which is the 4th cheapest place to live out of 32 London Boroughs, have a huge problem with homelessness???

Chris @ Possession Friend

16:23 PM, 6th January 2018, About 6 years ago

I suggest you send that to the Newspapers ?

Larry Sweeney

17:35 PM, 7th January 2018, About 6 years ago

This is excellent and most informative. Shame on the government for allowing the renewal borough wide instead of limiting it to 20% as per the legislation. Liverpool council using an off shore vehicle have just purchased the Strand shopping centre in Bootle. The Chief executive of Liverpool Council was suspended on full pay as he is being investigated by the Police. These councils are absolutely appalling. In March Sefton Council start raping landlords for licences for their sham scheme.

NW Landlord

17:37 PM, 7th January 2018, About 6 years ago

Is Sefton council introducing licensing ?

Larry Sweeney

19:30 PM, 7th January 2018, About 6 years ago

Correction. It was Sefton council who purchased the Strand Shopping centre and not Liverpool as I stated.
In reply to NW landlord, Yes Sefton held a consultation. These consultations are sham consultations, only held as the HA 2004 mandates them prior to the introduction of licensing. Sefton went through the charade and Licensing due to come in march 2018, although not borough wide. More easy cash for the useless Authorities.

Heather G.

17:19 PM, 8th February 2018, About 6 years ago

Reply to the comment left by Chris Daniel at 06/01/2018 - 16:23
I agree, especially Evening Standard and any local papers, and to The Guardian just for the hell of it. Journalists seem incapable of joined-up thinking.
Bad LL = S24, Licensing, tougher lending, reduced allowances - that'll sort it!
Homelessness = How did that happen?

Mick Roberts

10:46 AM, 4th July 2018, About 6 years ago

Can you Landlords please sign this & forward to all your contacts.
A small hope, we have to try anything & everything.

I'm sure we not get 10k signatures, but the more Licensing & Govt start to see these things, who knows.

“Petition calling for a review of Nottingham City Councils Selective Licensing."
https://petition.parliament.uk/petitions/223039

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