This will ultimately do nothing to decrease rents but will decrease the rentable housing supply and quality. Other than that, fantastic law.
Some good ideas, e.g. limiting up front rent, reducing bidding wars, required to consider pets.
Some absolutely terrible ideas, e.g. it taking a whole court process plus 4 months to evict someone for anti-social behaviour.
We’ll see how it goes. Thinking you can regulate your way to cheaper rents has a very long track record of failure in many cities, but unfortunately it’s very hard to undo because there’s always a minority who benefit massively to the detriment of everyone else.
Its time to de-londonise the London housing market. Why should the cleaners have to clean the house
Fear not renters, the corporations will gladly look after you in their lifestyle blocks in Hayes, which will be the only ones that are remotely affordable.
> It also rules that tenants will no longer be asked for more than a month’s rent upfront to secure a property
How will this work for people with no credit history?
For example people arriving in the UK for a job or international students?
Landlords are going to be extremely reluctant to rent to them.
Insurance wouldn’t cover missed rent as it requires that you rent to people passing credit referencing.
i wonder if we will see a load of section 21’s being served before they end in may?
It’s basically going to screw over anyone without high earning relatives who own their own property.
I’ve already seen how the guarantors needed are basically the new renting hurdle.
It’s also going to screw over people who are starting out in life. Because the requirements for the perfect tenant.
Also unintended consequences, I’m pretty sure it’s going to become a thing where it becomes harder to move to another property if you’ve ever taken a landlord to tribunal.
It’s basically taking out churn from the rental market and rightsizing is going to be slower
>here’s what it means for London tenants
1. rents will increase
2. a guarantor will be required by landlords
4 months to address eviction? That will be an awesome time for london. As an American in my state eviction takes anywhere from 6 months to a year we had a lady move into my grandmothers old house stopped paying rent eviction took 8 months and in the mean time she destroyed the house intentionally so badly that it had to be renovated.
A lawsuit to get damages was pointless when she was broke.
This will cause landlords to be even more picky and arbitrary about who they rent to. Will end up require guarantors and increasing rents from the looks of it.
You cannot regulate your way to a better rental market. Unfortunately Labour and the British public are pathologically obsessed with regulations.
This is taking us back to 1978, when I left home and moved to London as a teenager.
It was a fucking disaster then, and will be a fucking disaster now.
When does the 2 month notice period come into effect?
As a single male, renting a bed flat in London is now not possible!! Landlords won’t give me if there is a couple for that property!! Sucks to write letter to landlord to give me the property wtf can’t even overbid now! I guess I need to move outside London!!
“No more than one month’s rent upfront to be paid by tenants”
Does this mean I can no longer pay rent upfront? I don’t have a stable job or income (self employed), and usually pay rent upfront for 6m / 1y.
You can see the naivety in the comments here. This is just going to make renting harder. The real answer is building more, but we’re failing at that too. Rental market is only going to be further screwed.
Landlords and bootlickers out in force in the comments today
16 comments
This will ultimately do nothing to decrease rents but will decrease the rentable housing supply and quality. Other than that, fantastic law.
Some good ideas, e.g. limiting up front rent, reducing bidding wars, required to consider pets.
Some absolutely terrible ideas, e.g. it taking a whole court process plus 4 months to evict someone for anti-social behaviour.
We’ll see how it goes. Thinking you can regulate your way to cheaper rents has a very long track record of failure in many cities, but unfortunately it’s very hard to undo because there’s always a minority who benefit massively to the detriment of everyone else.
Its time to de-londonise the London housing market. Why should the cleaners have to clean the house
Fear not renters, the corporations will gladly look after you in their lifestyle blocks in Hayes, which will be the only ones that are remotely affordable.
> It also rules that tenants will no longer be asked for more than a month’s rent upfront to secure a property
How will this work for people with no credit history?
For example people arriving in the UK for a job or international students?
Landlords are going to be extremely reluctant to rent to them.
Insurance wouldn’t cover missed rent as it requires that you rent to people passing credit referencing.
i wonder if we will see a load of section 21’s being served before they end in may?
It’s basically going to screw over anyone without high earning relatives who own their own property.
I’ve already seen how the guarantors needed are basically the new renting hurdle.
It’s also going to screw over people who are starting out in life. Because the requirements for the perfect tenant.
Also unintended consequences, I’m pretty sure it’s going to become a thing where it becomes harder to move to another property if you’ve ever taken a landlord to tribunal.
It’s basically taking out churn from the rental market and rightsizing is going to be slower
>here’s what it means for London tenants
1. rents will increase
2. a guarantor will be required by landlords
4 months to address eviction? That will be an awesome time for london. As an American in my state eviction takes anywhere from 6 months to a year we had a lady move into my grandmothers old house stopped paying rent eviction took 8 months and in the mean time she destroyed the house intentionally so badly that it had to be renovated.
A lawsuit to get damages was pointless when she was broke.
This will cause landlords to be even more picky and arbitrary about who they rent to. Will end up require guarantors and increasing rents from the looks of it.
You cannot regulate your way to a better rental market. Unfortunately Labour and the British public are pathologically obsessed with regulations.
This is taking us back to 1978, when I left home and moved to London as a teenager.
It was a fucking disaster then, and will be a fucking disaster now.
When does the 2 month notice period come into effect?
As a single male, renting a bed flat in London is now not possible!! Landlords won’t give me if there is a couple for that property!! Sucks to write letter to landlord to give me the property wtf can’t even overbid now! I guess I need to move outside London!!
“No more than one month’s rent upfront to be paid by tenants”
Does this mean I can no longer pay rent upfront? I don’t have a stable job or income (self employed), and usually pay rent upfront for 6m / 1y.
You can see the naivety in the comments here. This is just going to make renting harder. The real answer is building more, but we’re failing at that too. Rental market is only going to be further screwed.
Landlords and bootlickers out in force in the comments today
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