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Ash4781

Landlords Should Be Treated Like Homeowners

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http://www.mortgageintroducer.com/mortgage..._homeowners.htm

The National Landlords Association (NLA), the leading representative body for residential landlords, has lent its support to a recent article published at lovemoney.com which suggests that landlords should not be treated like pantomime villains.

The article, written by John Fitzsimons, says: "We need a strong rental sector...our blasé attitude towards the plight of landlords is not a good thing. Too often we overlook the fact that a strong rental sector is essential. Home-ownership is not a right, nor is it right for everyone. And while the social rental sector does a good job, I think it is vitally important to have an equally strong private rented sector, to help take the pressure off the state."

He continues: "I like the idea of a buy-to-let version of the Homeowner Mortgage Support Scheme. Under the current scheme, mortgage owners are able to defer interest payments on their mortgages for up to two years. Why not extend this to buy-to-let landlords?...Landlords on the whole do a great and invaluable job, and our property market needs them - there are currently more than one million buy-to-let mortgages in place. That's a lot of landlords at the mercy of circumstances beyond their control."

David Salusbury, Chairman, National Landlords Association, speaking about the article, said: "This recession has already claimed a growing but small number of landlords who have faced severe financial difficulty. The bigger picture is of a rental sector which is growing and making an ever-more important contribution to the overall housing mix. The UK needs a strong rental sector and this article makes a clear case for offering landlords sufficient space to try and deal with their financial problems. By moving quickly to repossess properties owned by buy-to-let borrowers, the problems of pressure on social housing and increased homelessness will not go away.

"NLA research published in March 2009 indicated that in the previous six months around 44 per cent of landlords had experienced some form of rental arrears. Although during economic turbulence many people struggle financially, this level of non-payment of rent can have direct and severe consequences for both landlords and their tenants."

:)

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Home-ownership is not a right, nor is it right for everyone.

Exactly, nuffink wrong with being a traveller, roaming from city to city leaving a trail of memories and some litter.

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landlords can f*ck off and go bust. tough. business risk, init.

+1

"That's a lot of landlords at the mercy of circumstances beyond their control"

What, market forces? Cash flow? Resource management? Basic principals of every capitalist business venture ever conceived?

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The National Landlords Association (NLA), the leading representative body for residential landlords, has lent its support to a recent article published at lovemoney.com which suggests that landlords should not be treated like pantomime villains.

I agree we should not throw fruit at landlords and shout 'he's behind you' etc.

Estate Agents - maybe

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Then where would you live?

In my own flat, which I would be able to afford to buy once it is no longer viewed as a get rich quick scheme for some over leveraged moron.

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+1

"That's a lot of landlords at the mercy of circumstances beyond their control"

What, market forces? Cash flow? Resource management? Basic principals of every capitalist business venture ever conceived?

+2

And cut the f**kers Morgage interest .... Its a business or is it not a business...you cant have it both ways...put them to the wall as they have destroyed my opportunity to buy a house at average price for 10 years...

And raise interest rates while your at

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Same place, different landlord.

+1

And one with some sense of business that realises the tenant is gold and to be appreciated.

Like mine, actually. She's a diamond.

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In my own flat, which I would be able to afford to buy once it is no longer viewed as a get rich quick scheme for some over leveraged moron.

That may suit you, but not every tenant want's to own the apartment that they rent (or a similar one)

tim

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Then where would you live?

If it weren't for the extra million homes sold to landlords with massive tax breaks then prices wouldn't be where they are and people would buy. Of course people like you are too stupid to realise this.

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Then where would you live?

You seem to be under the strange impression that without landlords and property speculators, houses and the land they stand on would vanish into a black hole.

I can assure you this is not the case and is merely FUD created by the National Landlords Association.

In fact the houses and the land would still be there exactly as they are now. They would just cost £60,000 instead of £600,000.

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Am I alone in finding Osborne Gono to be the most ignorant and hence irritating bull we have at the moment?

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Then where would you live?

One small point.

Oh.....same as the point above. Property does not vaporize when the landlord hands back the keys to the lender.

Edited by ingermany

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Landlords aren't scum, they're capitalists.

Capitalists shouldn't be looking for bailouts. Take the risk and make the money, but accept the risk is part of the equation.

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Landlords aren't scum, they're capitalists.

Capitalists shouldn't be looking for bailouts. Take the risk and make the money, but accept the risk is part of the equation.

+1

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Landlords aren't scum, they're capitalists.

Capitalists shouldn't be looking for bailouts. Take the risk and make the money, but accept the risk is part of the equation.

No they are complete scum.

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