TV – Landlord scare stories?

Whats all this rubbish about ‘the big boys’ buying up property, so what ! .. whats to fear from them, there are over 3 million rented properties and they certainly wont cover those. They also only want the best tenants not the rubbish that most of us have to put up with. If ‘the big boys’ want to come in fine, they can even buy my properties if they want.. There is more than enough tenant demand to go round.

Reply to the comment left by GlanACC at 23/12/2023 – 08:31
Well the theory is that the big, connected, boys will have a much easier time if there isn’t an independent small landlord sector against which their performance can be measured.

Think of Mone/PPE where UK firms that weren’t in the VIP chums lane didn’t get a look in supplying PPE. Then the connected could blame the ‘not fit for purpose’ masks on the world crisis while raking in vast profits.

That’s how I see btl going. Independent small landlords with their old housing stock will be overwhelmed by ever increasing EPC regulations and other hurdles subtly designed to favour large suppliers whose stock may be no better (new build cladding!) but who have a dedicated legal department and friends in high places to smooth the way.

Reply to the comment left by Darren Peters at 23/12/2023 – 10:27
Spot on Darren!

Reply to the comment left by Darren Peters at 23/12/2023 – 10:27
I am inclined to agree with you there, EPC and EICR regulation will be tightened and will impact the smaller landlord. certainly around where I live, big landlords are only interested in new builds with EPC ratings A or B and ‘professional’ tenants who can afford huge rents. Many of the smaller landlords are selling up. You can see that by driving around my estate and looking at the for sale boards, mainly for 1 and 2 bed properties. Happily there is not a selective licensing scheme, and unlikely to be one where my properties are

The plan failed when 1) banks tightened up lending requirements on first time buyers, reducing the numbers granted mortgages. 2) house prices rose because Council planners blocked house building and fewer new properties become available to buy and rent. 3) reduced rental properties available raised rents, making it harder for renters to save enough to buy.

Reply to the comment left by Easy rider at 19/12/2023 – 10:37
There is a deliberate intention to get rid of all landlords except the massive companies. Blackrock, Vanguard and Statestreet and other similar companies will end up owning ALL housing.

If they had any brains, of course, they would just change everything now and make it hunky dorey and LOADS of landlords would leave the sector because of their bad experiences heretofore. Then they could put back all the bad rules/regs and go for the war of attrition against any remaining landlords.

They won’t, of course, they will just make us all suffer, landlords and tenants alike until they get their wicked way.

Most councils are insolvent or bankrupt and shouldn’t be taking cash from, or presenting bills/invoices to, anyone. Now would be the time to set up our own councils as replacements for them. Look at what those people in Colchester are doing.

Reply to the comment left by Ian Narbeth at 19/12/2023 – 15:03
Well said Ian

Reply to the comment left by Peter G at 24/12/2023 – 15:29
Totally agree Peter

“There is a deliberate intention to get rid of all landlords except the massive companies. Blackrock, Vanguard and Statestreet and other similar companies will end up owning ALL housing” ….

What evidence

Reply to the comment left by northern landlord at 19/12/2023 – 11:22
Me too!