Straw Poll to combat further government attacks – Please help

1. 40%
2. 2
3. 0
4.0

2 tenants....1 is over 50 , running his own business and living in a shared house....if he hasn’t already been able to afford / want a home of his own he won’t do in the future.
The other, living in the same house, is from NZealand and will return at some point.

1. 100% longer than 3 years
2. 4 properties
3. 0% would be able to buy, although all would like to own the property.
4. 0 properties
All my tenants are on benefits or benefit assisted.

I have 3 HMO's with 22 rooms and 6 flats in the London suburbs.
22+6=28

1.) 10%+100%=28%
2.) 2+6=8
3.) 0%
4.) 0

Whenever my tenants leave because they have bought it is always further out of London where they can afford to buy a larger flat to start a family in. 50%(3) of my tenants in flats want to buy and are saving up to buy but they too will buy outside London. As far as I know none of my current HMO tenants want to buy and none can afford to buy, anywhere. I can only think of 2 of my past HMO tenants who have left to buy. Over the years I have had quite a few eastern European tenants who already own property in their own country and a few have left just recently to return home. My tenants like the convenience of living close to work, they rent because they see it as temporary or because it is all they can afford.

I just completed the survey and by coincidence one from uPad too.

Whilst Landlords, agents and property organisations understand the detrimental effect government policy is having on the rental market, it is tenants who have the government's ear.

We need to involve our tenants. We need to educate them, motivate them and survey them. Then we have statistics that will be listened too.

I shall test the water with my own tenants and get back to you.
And I will be looking for someone who can take this idea and run with it.

I'm a one man band full time landlord and I am overrun by the ever increasing bureaucracy but I can't afford to sit back and let my industry be ruined.

I would not wish to sell to a tenant on this basis as like Mark I have moved overseas to reduce my CGT bill and would gain no benefit especially if I have to hand over 50% of the relief to the tenant as a deposit.

I have sold my two BTL properties (to owner occupers) in the last 12 months to beat a potential rush to exit the sector.

But to answer the questions based on the previous occupation:

1. 0%
2. 2
3. 0 - one claiming benefits the other looking for something cheaper to renovate.
4. 2. Explained in 3

1). 65%
2). 9
3). Want to is one thing. Afford is another as to get a mortgage for the balance required will prove difficult for many tenants, especially as properties in London & the 50% of CGT as a deposit would work out at at best to only a deposit of 5%. Therefore I have to say a big fat ZERO.
4). ZERO
The Government would do better if they considered buying the property outright from the landlord at X% below market value, in this example equivalent to the 50% CGT saving, and they then allow the tenant to buy from them piecemeal akin to shared ownership. The upside to the landlord is i) they don't have to sell and can continue renting out their property but of course continue to face the deluge of legislation/taxation thrown at them ii) they can still sell privately on the open market to get the full price but of course will have to pay the full CGT on the calculated gain, or iii) they can sell to the Government below market value equivalent to half the CGT liability aslong as the landlord has no CGT to pay on the balance of capital gain and the sale value arrived at is equitable & fair & carried out by independent approved valuers. The downside to the Government is a drop in revenue stream as the landlord / renters market shrinks and they meanwhile take on the management of the property / tenant until the tenant has totally bought the property, BUT this shrinking revenue stream & the pain of being a landlord (which we PRS landlords face daily) is the price they have to pay for their desire to increase home ownership and to get rid of PRS landlords.

1. 4%
2. 2 households
3. 0%
4. 0%

I have 6 properties with 12 households.
1) 25%
2) 6 ,12
3) none
4) South African family, just don't want to commit , I guess; second family, have another property elsewhere which they let out. So i guess they don't count any way.
I don't know why my long standing tenant in my hmo does not want to buy. I have never even met him, but he pays his rent on time. He has had the opportunity to save up.a hefty deposit in the time he has been there!!.

Surely, we Landlords have rights too, this is akin to a cpo.

Over the 40 years I have let my rooms and properties to hundreds of people, from all over the world, providing them with homes. I realised then the only way I would have a decent retirement was to provide for myself, and have done so. Now the govt, having not provided enough housing -even though it was apparent 40 years ago there would be a need for more housing ( and population has increased by 12 million since then)- wants to raid our pension pots. Can't wait to extract myself from this now I am at retirement age.

1. 50%
2. 4 of 8
3. 0
4. 0
My longest tenancy is a lady of 75 who has been with me since 1994. She used to work p/t as a cleaner and has always been on HB. She came to me with two young grandchildren (cousins) who she brought up with no help from their parents. She is now a p/t carer for three great grandchildren. (I could write a book about that family.)
Out of 8 tenancies, 7 get HB - variously not working or working part time. The one remaining tenancy with both working (with a child and one on the way) - she is in regular work but he is in and out of work. I think they might like to buy but do not have any savings and would probably not be able to get or afford a mortgage.