Weird that, almost like turning your private renting stock into a nearly unregulated investment product was a terrible idea. I’m sure the people that use them aren’t already at a knife edge and totally not the backbone of the economy. /S
Build more fucking houses. And let councils replace council houses that they sell.
Maybe stop the very rich from owning 3 or 4 houses across the country, and all suddenly it will be more homes available 🤷♂️
I’ve seen Sunak and Starmer recently both talking about “antisocial” behaviour but nothing is more antisocial than not enacting policies that enable young people, families and anybody else really to be able to own their own home or have long-term security in renting so that they can feel secure and settle into a community, kids in schools etc.
It’s almost like letting in 1.1 million more people into the country, whilst only building a additional 204k houses would lead to such a issue.
Either we reduce immigration drastically or we have to start building even more houses on the limited green spaces.
This article is poorly titled since “The number of rental properties UK hasn’t actually fallen. In fact, it has barely moved since 2016.”
Interestingly: “We’ve seen a big increase in demand for rented housing from record high immigration, the economy reopening [after the pandemic],”
Record high immigration AFTER Brexit…what a great success!
And finally to the core of the problem:
“But at the same time, we just haven’t seen much new investment by landlords in rented housing. And that’s creating a real crunch in availability.”
Unfortunately, there’s been a clear strategy ove the past decade to make life hard for small landlords (lower interest relief, higher costs through regulation) and there’s potential for more negative news (lower protections, higher CGT, rent controls). No wonder there’s lower investment in rented housing…
> The number of rental properties UK hasn’t actually fallen. In fact, it has barely moved since 2016.
Same number of houses, more people that require them.
Thank fuck net migration was +500k last year, i was starting to get worried.
Not enough housing and rentals is a problem across a fair number of countries, most of which are just coming off property price highs as rates rise. Falling Capital gains & tighter lending criteria doesn’t encourage property development so unless Govt’s intervene with social housing projects it may be a slow road to recovery.
At the bottom of the article, in the ‘info panel’
>**Can a landlord refuse people on benefits?** No. DSS policies are unlawful discrimination. says charity Shelter. Some councils have lists of private landlords who rent to tenants claiming benefits.
When my previous landlord sold the property I was in the agents acting on behalf of the new owners, knowing I was in receipt of benefits, wanted pretty much my entire career history prior to falling ill and wanted a full breakdown of my income. The former I felt to be incredibly intrusive but the latter I was ok with.
I gave them a document with my full income / expenditure as was, added a secondary page showing how that would change with the change in benefit rates / increase in council tax etc. etc. and demonstrated quite sufficiently that I could cover the average rent in the area plus a percentage.
I also had an exceptional reference from the previous landlord and could provide proof I had made every rental payment I was responsible for since the age of 17.
They knew that saying ‘No DSS’ would be an issue… So after reading my documentation they proceeded to tell me that the property would be advertised and that prospective tenants must meet a minimum earnings threshold of £18k per year.
**Which obviously I didn’t.**
Couldn’t help but notice that it’s gone back on the rental market last week. This’ll be the 4th set of tenants they’re looking for since I moved out. The property is on the market for 49% higher than the LHA rate will pay for a 1 bedroom property.
Now of course it is absolutely the right of landlords to charge what they feel their property is worth. And the LHA / Housing element rate within UC is known to be significantly below the pricing in ‘the real world’ but that represents yet another property that has gone from a landlord who would accept someone in receipt of benefits, to someone who wouldn’t.
Also, with a minimum income needed of £18k it removed a nice but certainly very basic property, out of the reach of anyone who realistically worked local (as in, local within the scope of public transport).
Starmer has been approved by the establishment, so don’t expect any new rights for renters.
It’s gonna get worse.
Property market needs to be deflated combined with good quality & affordable new homes being built.
Although that’ll never happen because we’re seemingly fixated on the outdated idea that the solution is to have more landlords. Almost like arguing that nonces are necessary to keep people in jobs within the CPS and the justice system.
If you’re on a median salary and can still easily end up spending 50%+ on renting for yourself, and not a massive place at that, you know something’s _definitely_ wrong there…
Feels like the only way to actually make renting/owning affordable is to get hitched up then split costs (assuming both of you are in FT employment), but you shouldn’t really be forced into relationships purely by the market conditions and to make living costs bearable to an average person.
Isn’t this what this sub wanted? Less landlords. In every house price thread there are multiple people calling for an end of landlords.
NIMBYism is killing this country. Liberalise planning laws and allow for more houses to be built. Free up a proportion of the green belt – at some point we have to accept that a higher population = more land needed for development. Create incentives for developers to build build build.
Every day, I see a post that reminds me how lucky I am to have a brand new build, social housing flat, with a lifetime assured tenancy. Sure, I have reasons I was entitled to one, but it makes me feel so guilty when people I know, friends, and my on off (more off atm) girlfriend are paying extortionate rent for shoebox sized flats. It’s not right. My walk-in wardrobe has as much floor space as my gf’s kitchen ffs. Social housing should be the standard, and if you want something more fancy, you can pay a bit more to rent it or, even better, buy somewhere of your own.
Since when did the simple and basic need of a roof over our head feel like a luxury?
What happens when you can’t afford a house and there is nothing to rent near where you work or the rent proces are too high? Is it going to be a case of “welp, fuck you and go move to some shithole and work minimum wage since that’s all the work available around there”?
In my area, there is currently a whole 50 properties to rent. In a town of 50,000+ people. Sorrounding areas have less, 15 or less… What the fuck?
Not for long, either:
A – rent is going to have to go up massively due to these unchecked mortgage raises
B – landlords will start selling because only 1/5th of them will be putting their rent rates up this year 4/5ths won’t be.
C – hopefully it becomes a bit of a buyers market, but saving up the deposit given the soaring cost of living is almost impossible.
The housing crisis should be our number one election issue. The quality of life and future prospects for millions of people are being ruined because of the lack of affordable housing. But no, everybody’s pissing their knickers about small boats and trans rights instead.
I mean, this is what renters (atleast Reddit renter’s) wanted, isn’t it? For landlords to stop renting because then house prices would magically fall and yous all be able to buy?
It’s almost like there is a place for renting in society, whether you like it or not.
Currently BBC Radio 4 are airing a segment discussing this, and it comes across as pandering to the plight of landlords.
I have very little sympathy for landlords, whose supposed “plight” does not compare to that of millions of people who cannot afford a house, and many of whom have precarious situations regarding accommodation.
We are also in this situation because of a lack of available social housing. I’ve known people who are or were on social housing waiting lists for more than a decade. That’s frankly disgusting, and is certainly one of the most toxic legacies of Thatcher.
Would be interesting to see if there’s any correlation between the lack of housing and data found by the ons on less women having children by the time they are 30 (reduced in England and Wales for the first time).
Huge land lords. immigration. Folks owning a ‘home by the sea’ as well as the one they live in. Standard population growth. Not many houses being built.
It’s looking very… un-good.
the number of work sponsor visas [including dependants] has rocketed. i gather this must have some influence on available places to rent.
The bit in the article when the landlord says he is losing money on the rental and so is subsidising a good tenant. No, mate, she is subsidising you! Strewth!
I’ve been renting privately for 15 years. Rent has just gone up too. Unless I wint the lottery I’ll never be able to buy and I’ve got more chance of winning the lottery than I have getting a council house. Hate being stuck like this.
Even if they build more houses, most new builds are overpriced shacks. Most new build developments don’t even have pavements outside. Imagine paying 400k for a semi detached new build on a street with no pavement.
Wouldn’t be me 😂
Coinciding with the National Empty Homes Week, which starts today, February 27, Leeds Building Society has analysed government data and found that there are currently 676,452 empty homes in England.Feb 27, 2023
Let’s make it harder for people to invest in BTL.
Rents shoot up due to less rentals on the market. The government needs private landlords?
28 comments
Weird that, almost like turning your private renting stock into a nearly unregulated investment product was a terrible idea. I’m sure the people that use them aren’t already at a knife edge and totally not the backbone of the economy. /S
Build more fucking houses. And let councils replace council houses that they sell.
Maybe stop the very rich from owning 3 or 4 houses across the country, and all suddenly it will be more homes available 🤷♂️
I’ve seen Sunak and Starmer recently both talking about “antisocial” behaviour but nothing is more antisocial than not enacting policies that enable young people, families and anybody else really to be able to own their own home or have long-term security in renting so that they can feel secure and settle into a community, kids in schools etc.
It’s almost like letting in 1.1 million more people into the country, whilst only building a additional 204k houses would lead to such a issue.
https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/internationalmigration/bulletins/longterminternationalmigrationprovisional/yearendingjune2022
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/articles/ukhousebuildingdata/financialyearendingmarch2022
Either we reduce immigration drastically or we have to start building even more houses on the limited green spaces.
This article is poorly titled since “The number of rental properties UK hasn’t actually fallen. In fact, it has barely moved since 2016.”
Interestingly: “We’ve seen a big increase in demand for rented housing from record high immigration, the economy reopening [after the pandemic],”
Record high immigration AFTER Brexit…what a great success!
And finally to the core of the problem:
“But at the same time, we just haven’t seen much new investment by landlords in rented housing. And that’s creating a real crunch in availability.”
Unfortunately, there’s been a clear strategy ove the past decade to make life hard for small landlords (lower interest relief, higher costs through regulation) and there’s potential for more negative news (lower protections, higher CGT, rent controls). No wonder there’s lower investment in rented housing…
> The number of rental properties UK hasn’t actually fallen. In fact, it has barely moved since 2016.
Same number of houses, more people that require them.
Thank fuck net migration was +500k last year, i was starting to get worried.
Not enough housing and rentals is a problem across a fair number of countries, most of which are just coming off property price highs as rates rise. Falling Capital gains & tighter lending criteria doesn’t encourage property development so unless Govt’s intervene with social housing projects it may be a slow road to recovery.
At the bottom of the article, in the ‘info panel’
>**Can a landlord refuse people on benefits?** No. DSS policies are unlawful discrimination. says charity Shelter. Some councils have lists of private landlords who rent to tenants claiming benefits.
When my previous landlord sold the property I was in the agents acting on behalf of the new owners, knowing I was in receipt of benefits, wanted pretty much my entire career history prior to falling ill and wanted a full breakdown of my income. The former I felt to be incredibly intrusive but the latter I was ok with.
I gave them a document with my full income / expenditure as was, added a secondary page showing how that would change with the change in benefit rates / increase in council tax etc. etc. and demonstrated quite sufficiently that I could cover the average rent in the area plus a percentage.
I also had an exceptional reference from the previous landlord and could provide proof I had made every rental payment I was responsible for since the age of 17.
They knew that saying ‘No DSS’ would be an issue… So after reading my documentation they proceeded to tell me that the property would be advertised and that prospective tenants must meet a minimum earnings threshold of £18k per year.
**Which obviously I didn’t.**
Couldn’t help but notice that it’s gone back on the rental market last week. This’ll be the 4th set of tenants they’re looking for since I moved out. The property is on the market for 49% higher than the LHA rate will pay for a 1 bedroom property.
Now of course it is absolutely the right of landlords to charge what they feel their property is worth. And the LHA / Housing element rate within UC is known to be significantly below the pricing in ‘the real world’ but that represents yet another property that has gone from a landlord who would accept someone in receipt of benefits, to someone who wouldn’t.
Also, with a minimum income needed of £18k it removed a nice but certainly very basic property, out of the reach of anyone who realistically worked local (as in, local within the scope of public transport).
Starmer has been approved by the establishment, so don’t expect any new rights for renters.
It’s gonna get worse.
Property market needs to be deflated combined with good quality & affordable new homes being built.
Although that’ll never happen because we’re seemingly fixated on the outdated idea that the solution is to have more landlords. Almost like arguing that nonces are necessary to keep people in jobs within the CPS and the justice system.
If you’re on a median salary and can still easily end up spending 50%+ on renting for yourself, and not a massive place at that, you know something’s _definitely_ wrong there…
Feels like the only way to actually make renting/owning affordable is to get hitched up then split costs (assuming both of you are in FT employment), but you shouldn’t really be forced into relationships purely by the market conditions and to make living costs bearable to an average person.
Isn’t this what this sub wanted? Less landlords. In every house price thread there are multiple people calling for an end of landlords.
NIMBYism is killing this country. Liberalise planning laws and allow for more houses to be built. Free up a proportion of the green belt – at some point we have to accept that a higher population = more land needed for development. Create incentives for developers to build build build.
Every day, I see a post that reminds me how lucky I am to have a brand new build, social housing flat, with a lifetime assured tenancy. Sure, I have reasons I was entitled to one, but it makes me feel so guilty when people I know, friends, and my on off (more off atm) girlfriend are paying extortionate rent for shoebox sized flats. It’s not right. My walk-in wardrobe has as much floor space as my gf’s kitchen ffs. Social housing should be the standard, and if you want something more fancy, you can pay a bit more to rent it or, even better, buy somewhere of your own.
Since when did the simple and basic need of a roof over our head feel like a luxury?
What happens when you can’t afford a house and there is nothing to rent near where you work or the rent proces are too high? Is it going to be a case of “welp, fuck you and go move to some shithole and work minimum wage since that’s all the work available around there”?
In my area, there is currently a whole 50 properties to rent. In a town of 50,000+ people. Sorrounding areas have less, 15 or less… What the fuck?
Not for long, either:
A – rent is going to have to go up massively due to these unchecked mortgage raises
B – landlords will start selling because only 1/5th of them will be putting their rent rates up this year 4/5ths won’t be.
C – hopefully it becomes a bit of a buyers market, but saving up the deposit given the soaring cost of living is almost impossible.
The housing crisis should be our number one election issue. The quality of life and future prospects for millions of people are being ruined because of the lack of affordable housing. But no, everybody’s pissing their knickers about small boats and trans rights instead.
I mean, this is what renters (atleast Reddit renter’s) wanted, isn’t it? For landlords to stop renting because then house prices would magically fall and yous all be able to buy?
It’s almost like there is a place for renting in society, whether you like it or not.
Currently BBC Radio 4 are airing a segment discussing this, and it comes across as pandering to the plight of landlords.
I have very little sympathy for landlords, whose supposed “plight” does not compare to that of millions of people who cannot afford a house, and many of whom have precarious situations regarding accommodation.
We are also in this situation because of a lack of available social housing. I’ve known people who are or were on social housing waiting lists for more than a decade. That’s frankly disgusting, and is certainly one of the most toxic legacies of Thatcher.
Would be interesting to see if there’s any correlation between the lack of housing and data found by the ons on less women having children by the time they are 30 (reduced in England and Wales for the first time).
Huge land lords. immigration. Folks owning a ‘home by the sea’ as well as the one they live in. Standard population growth. Not many houses being built.
It’s looking very… un-good.
the number of work sponsor visas [including dependants] has rocketed. i gather this must have some influence on available places to rent.
[https://www.ft.com/content/27e77f3b-b50d-47f9-b5b2-278019f8e0f6](https://www.ft.com/content/27e77f3b-b50d-47f9-b5b2-278019f8e0f6)
The bit in the article when the landlord says he is losing money on the rental and so is subsidising a good tenant. No, mate, she is subsidising you! Strewth!
I’ve been renting privately for 15 years. Rent has just gone up too. Unless I wint the lottery I’ll never be able to buy and I’ve got more chance of winning the lottery than I have getting a council house. Hate being stuck like this.
Even if they build more houses, most new builds are overpriced shacks. Most new build developments don’t even have pavements outside. Imagine paying 400k for a semi detached new build on a street with no pavement.
Wouldn’t be me 😂
Coinciding with the National Empty Homes Week, which starts today, February 27, Leeds Building Society has analysed government data and found that there are currently 676,452 empty homes in England.Feb 27, 2023
Let’s make it harder for people to invest in BTL.
Rents shoot up due to less rentals on the market. The government needs private landlords?
*surprised pikachu face*