Every seven minutes a private renter in England is given eviction notice even though they have done nothing wrong.

www.google.com/amp/s/www.dailyrecord.co.uk/news/scottish-news/scots-gripped-rent-crisis-soaring-23941570.amp

Not at all. Sell with vacant possession to an owner occupier. Invest the proceeds in something else. One fewer rental property available.

Or Germanshephersmum market forces would force down the value of property, if letting weren't so profitable. It would also mean that spare cash could be invested in productive industry.

How much have you actually spent on the property Smileless? Are you claiming that you haven't made a profit?

Germanshepherdsmum

None so deaf as those who won’t listen Smileless. ?

Totally agree ?

Indeed GSM

None so deaf as those who won’t listen Smileless. ?

Tax relief on BTL mortgages was virtually scrapped several years ago and at that time a lot of private landlords sold their properties.

BTL are also more expensive as the lender factors in the fact that the owner of the property is not the one who'll be living there, so an increased risk that the property won't be looked after. Buildings insurance is also higher.

It's wrong for LA's to encourage a tenant who has been given a date by the courts to 'sit tight' until the bailiffs arrive. This means even more expense for the property owner as bailiffs have to be paid and don't come cheap.

It's easy for anyone who doesn't rent out a property to view those who do as charities GSM. Of course there are some landlords who charge exorbitant rents but we're not all the 'devil incarnate'.

The rent on our flat hadn't been increased for 7 years and the rent for our commercial premises increases at the beginning of June for the first time in 10 years, and is still below the 'going rate' for the area.

You seem to think that private landlords should act as charities and not charge the market rent nadateturbe. Have you not read the posts upthread about the actual yield on rental properties after provision is made for maintenance, repairs and replacements? And whilst you say a landlord’s mortgage is no concern of the tenant, if that mortgage has not been taken out that rental property may not have been available, sold instead to an owner occupier with far greater means than the tenant.

Frogs it's not only pensioners who have problems paying high private rents. Housing allowance often won't cover it. It causes so much hardship.
You say it’s not the private landlords problem. Oh but it is. If you can't afford to rent out property at a reasonable rate then you shouldn't be doing it. It's ridiculous what some private landlords charge.

I'm glad you brought up how letting a property you own, and asking a tenant to leave, affects a landlord emotionally tooALANaV
No point in having a conscience if you don't act on it.

Frogs

Daft question JaneJudge if this is the case does it mean that all us tax payers would then be indirectly paying the BTLs mortgage payments for the property in question ???

hmm yes and that is also the case if working people cannot afford to pay their full rent too. Housing benefit is one of the biggest benefits paid out

This is exactly why we all need to think ahead when we are younger and working, by starting to pay into a pension scheme as soon as possible once we start work.
This will ensure we are cushioned against the many ‘what ifs’ which can arise over the years.
Many companies these days match what their employees pay in.

Daft question JaneJudge if this is the case does it mean that all us tax payers would then be indirectly paying the BTLs mortgage payments for the property in question ???

growstuff

ALANaV

Sadly this is the reason I never bought a house or flat to rent out when I was fortunate (or not fortunate, since it was through a death) to inherit a house which Probate sold ....I decided to buy to let BUT then was concerned if I ever needed, (I say needed, not wanted necessarily, or if my situation changed or i needed to live in it ) but I had a good tenant, WHAT would I do ? if I had to ask them to leave I would have felt terrible ....and there is no social housing available any longer for a tenant to go, so I had to reluctantly take the decision not to do so ....which means another homeless family ....of course there is less 'sympathy' for a landlord, and now so many restrictions it must put alot of people off renting out a property sadly ....

No, it doesn't mean another homeless family. A property would still be there and would be bought by another BTL landlord or an owner-occupier.

What needs to happen is for more money to be invested in industry, but people know that property is poorly regulated and can provide a "quick buck". If people didn't invest so much in BTL properties, there would be less inflationary pressure and housing would become more affordable for potential owner-occupiers, especially if building/conversions received more support from the state.

Actually, they don't necessarily receive enough to cover all of the rent, if on state pension. They receive Local Housing Allowance, which more often than not is not enough to pay the rent in full. There is still the issue that if they are evicted, despite never having done anything wrong, they are unlikely to pass the financial tests set by letting agents and might struggle to pay the upfront fees.

Frogs

As a matter of interest I just wondered what happens to people in privately rented property when they reach retirement age if they can’t afford the rent? Ive been watching Council house Swap and the rents they mention in the programme are at least half of what private renters are paying. Round where I live they’re asking £850 a month for a privately rented one bedroomed flat and £1000/£1,200 upwards for a modest three bedroomed family house.
It must be really scary for people approaching old age and possible failing health in this position when they also know they could be given notice at any time as I’m thinking housing benefit wouldn’t cover the high rent.
I do realise this isn’t the private landlord’s problem.

They receive housing benefit to cover the rent if on a state pension

Sadly you’re probably right growstuff.
One of my friends daughters was recently trying to get on the housing ladder and kept getting beaten to the post by BTL buyers.

ALANaV

Sadly this is the reason I never bought a house or flat to rent out when I was fortunate (or not fortunate, since it was through a death) to inherit a house which Probate sold ....I decided to buy to let BUT then was concerned if I ever needed, (I say needed, not wanted necessarily, or if my situation changed or i needed to live in it ) but I had a good tenant, WHAT would I do ? if I had to ask them to leave I would have felt terrible ....and there is no social housing available any longer for a tenant to go, so I had to reluctantly take the decision not to do so ....which means another homeless family ....of course there is less 'sympathy' for a landlord, and now so many restrictions it must put alot of people off renting out a property sadly ....

No, it doesn't mean another homeless family. A property would still be there and would be bought by another BTL landlord or an owner-occupier.

biglouis

Most councils will not rehouse evicted tenants or even offer them temporary accommadation if they leave before the bailiffs throw them out! If the T goes of their own volition the council will regard them as having "made themselves homeless".

If the LL hands a section 21 then its is in the tenants interest to stay put until the bailiffs arrive. The tenant has absolutely nothing to lose. That can take 12-15 months with current court delays. If there is any technical fault with the section 21 and the tenant hires a lawyer who knows their stuff then they can get it thrown out. The LL then has to go to section 8 which is much harder to enforce. And the process begins again.

In the interim the tenant may decide to simply stop paying the rent and save the money for a deposit on a house.

Getting rid of a tenant who knows their way around the system (particularly if the LL or the agent has boobed in some way like not protecting the deposit) can cost the LL 15 K or so. Then they have the added cost of refurbishing the property.

They'd have to stay for a hell of a long time to save enough money for a deposit!

I've had to carry on working beyond state pension age, mainly to pay my rent at a time when most people have paid off their mortgages. I also applied for council housing.

PS. In my case, I'll be OK because I'm planning to move in with my partner once my cancer treatment has finished and I can move area. For most people, it must be a worry. Some will be able to apply for council tax rebate and pension credit, which will leave them with the bare minimum to live on.

As a matter of interest I just wondered what happens to people in privately rented property when they reach retirement age if they can’t afford the rent? Ive been watching Council house Swap and the rents they mention in the programme are at least half of what private renters are paying. Round where I live they’re asking £850 a month for a privately rented one bedroomed flat and £1000/£1,200 upwards for a modest three bedroomed family house.
It must be really scary for people approaching old age and possible failing health in this position when they also know they could be given notice at any time as I’m thinking housing benefit wouldn’t cover the high rent.
I do realise this isn’t the private landlord’s problem.

I'm glad you brought up how letting a property you own, and asking a tenant to leave, affects a landlord emotionally too ALANaV.

Most councils will not rehouse evicted tenants or even offer them temporary accommadation if they leave before the bailiffs throw them out! If the T goes of their own volition the council will regard them as having "made themselves homeless".

If the LL hands a section 21 then its is in the tenants interest to stay put until the bailiffs arrive. The tenant has absolutely nothing to lose. That can take 12-15 months with current court delays. If there is any technical fault with the section 21 and the tenant hires a lawyer who knows their stuff then they can get it thrown out. The LL then has to go to section 8 which is much harder to enforce. And the process begins again.

In the interim the tenant may decide to simply stop paying the rent and save the money for a deposit on a house.

Getting rid of a tenant who knows their way around the system (particularly if the LL or the agent has boobed in some way like not protecting the deposit) can cost the LL 15 K or so. Then they have the added cost of refurbishing the property.

Sadly this is the reason I never bought a house or flat to rent out when I was fortunate (or not fortunate, since it was through a death) to inherit a house which Probate sold ....I decided to buy to let BUT then was concerned if I ever needed, (I say needed, not wanted necessarily, or if my situation changed or i needed to live in it ) but I had a good tenant, WHAT would I do ? if I had to ask them to leave I would have felt terrible ....and there is no social housing available any longer for a tenant to go, so I had to reluctantly take the decision not to do so ....which means another homeless family ....of course there is less 'sympathy' for a landlord, and now so many restrictions it must put alot of people off renting out a property sadly ....

According to their website, NI housing executive rent averages £70 per week. They say this is £30 less than the average in GB.
Private rentals for similar properties in NI are £500 plus.