Jump to content
House Price Crash Forum


  • Content Count

  • Joined

  • Last visited

About spacedin

  • Rank
    HPC Regular

Recent Profile Visitors

1,600 profile views
  1. That class action lawsuit against these fees seems to have disappeared. It was being co-ordinated by Casehub who it appears no longer exist. I was hopeful of getting some fees back myself.
  2. Should post this on the anecdote thread but I'm seeing a lot of former HMOs going on the market where I live.
  3. I'm not sure but call me pedantic but that first part of the first sentence doesn't make sense. There's never an 'agreement' for a tenancy to go periodic. It just goes periodic and then if they want to kick the tenant out it's obvously much easier. You actually have a right to a periodic tenancy in this sense. There's nothing in statute that says you have to agree to a new term. It's interesting how some agents must be trying to call peoples bluff, in the knowledge that the landlord probably wouldn't evict the tenant in this scenario. Have you spoken to the landlord? You can search the land registry to find him but you will have to pay a couple of quid for this. If you get hold of his address you could also get his number through the BT Phone book if it's not ex-directory and he still lives wherever it is. Probably wouldn't make that much difference anyway but would be funny if the landlord sided with you. " 5. Renewal fees: a fee to renew a tenancy agreement This is a hugely controversial issue – and agents charge this sort of fee not only to tenants but to landlords too. So far as tenants are concerned, the threat behind this fee is that if the tenants fail to pay it – the tenants will not be allowed to stay on in the property. There are two issues with this: The tenants are entitled to stay on anyway under a periodic tenancy (which will be subject to the same terms and conditions as the preceding fixed term tenancy agreement) – this is something which happens automatically (under s5 of the Housing Act 1988), with no need for any special paperwork It is the landlord who would bring any claim to evict the tenants, not the agents. I suspect that few landlords will want to evict good tenants simply because they baulk at paying £300 to the letting agent. Agents are not entitled to evict tenants without the knowledge or concurrence of the landlord." https://www.landlordlawblog.co.uk/2016/07/07/letting-agent-fees-illegal/
  4. 'These tax changes mean that buy-to-let investors will face significantly higher tax bills when they come to sell their properties after April. Initial estimates suggest the average landlord will have to fork out an additional £20,000 in capital gains tax. With this being the case, it looks to me as if time is running out for buy-to-let investors to exit the sector without incurring hefty tax charges. In my opinion, it would be better to exit the sector now and take advantage of the capital gains tax loopholes before they disappear and the same goes with the mortgage interest tax relief.' https://www.fool.co.uk/investing/2019/10/06/warning-time-is-running-out-for-buy-to-let-investors/
  5. Regards that cleaning fee scam, when you move in I'd maybe take pictures of the place, or maybe even get someone else in to do this for you. Legally, you only have to leave the property in the state you found it. This requirement that a place be professionally cleaned has been found an unfair term in a contract by the OFT. So if you ever encounter demands like that and you've covered your tracks above, then I'd just make it very clear to the DPS of this. I guess it's difficult as the DPS/Mydeposits/Crapita may not rule in your favour. But I dunno, if it were me and that happened I'd take them to court as this kind of shit needs to stop.
  6. How can your credit rating be affected if the debt is not regulated under the consumer credit act? I suppose they're referring to a county court judgement, which would go on your file I guess. And interest? Sounds a bit dodgy to me, like they're making it up as they go along. Also, did they include VAT in the fees? https://propertyindustryeye.com/many-agents-breaking-rules-vat/
  7. I've been following the occasional property thread on Facebook and there seem to be a lot of angry landlords out there, telling everyone how much they should feel sorry for the way the government are unfairly targetting ;decent hardworking' landlords.
  8. Doesn't the term 'negative growth' play into the narrative they're trying to portray? Sure growth can be negative, but in other walks of life we don't talk like this. I mean, for example you wouldn't say your cancer is growing if you're in remission.
  9. And what are we to learn from anecdotes? Maybe they suggest there's serious problems in state schools, maybe they don't. I think we should try and learn from the experience of other countries. What for example, makes the Finnish education system so good? For one it's well funded but more importantly, equal access to educaiton is a constitutional right. It's a good starting point and is kinda the opposite to the class based ******** that happens here. https://bigthink.com/politics-current-affairs/how-finlands-education-system-works
  10. I know of one or two landlords who've known about it for a year or so and some of their properties have now been converted into Airbnbs. Also no disrespect to asian landlords but I think some of them are in for a real shock as I think the rate of computer literacy is lower in their communities than others.
  11. Tax advisers have warned landlords to consider selling their buy-to-let properties now before a slew of new rules coming in April take a bigger bite out of their already squeezed incomes. The incoming tax changes means property investors could be better off selling now, experts have said, despite the current weakness in the market. House price growth has slowed to 0.7pc, its lowest level in almost a decade, according to figures released by the Land Registry last week, with prices falling by 2pc in the South East and 2.9pc in the North East. Property transactions have dropped by 12pc since this time last year. Come the new tax year in April, however, the scrapping of valuable tax reliefs that have been available since the Eighties will result in landlords paying tens of thousands of pounds in additional duties when they eventually decide to sell. This is the latest in a string of buy-to-let reforms that have weighed on landlords’ profits. These include the phasing out of tax breaks on mortgage interest payments, dilution of the valuable “wear and tear allowance” and tighter regulation of the eviction of problem tenants. Read more
  12. Why is there this presumption that anyone with a health, developmental or personality disorder is somehow faking their symptoms to get social housing? Living in social housing is hardly a bed of roses anyway but it's important that people who do have these issues have good security of tenure and affordable rents. That actually saves the government/councils money in the long run. And the big elephant in the room is the PRS, that's the big problem. Believe it or not, many people who live in social housing would be more than happy to live in the PRS if it wasn't like the wild west.
  13. There may be a fair amount of workless households in social housing but being out of work doesn't get you any more priority on waiting lists. Regarding rents, it depends what part of the country we're talking about. The historical rents, i.e.- those where a secure tenancy is in place, aren't far off market rents, maybe £100-£150 off them. edit: actually I'm not sure about houses but 1-2 bedroom flats are generally how I described.
  14. I think it's more a case of them wanting to cling onto their social housing, it's revealing people would rather live in overcrowded accommodation than give up their tenant rights and subject themselves to the conditions of the private rented sector.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.