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SarahBell

Ha Rents To Fall But...

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Just caught a snippet on the news.

Inflation means HA rents have to be lowered, which then leaves them out of pocket to build more much needed social housing.

http://news.bbc.co.uk/1/hi/uk/8206310.stm

Millions of housing association tenants may be asked to give up rent reductions because of financial pressures facing landlords, it is warned.

The National Housing Federation says even a small reduction in rental income could have a big impact on their programme for more social housing.

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...Millions of housing association tenants may be asked to give up rent reductions because of financial pressures facing landlords, it is warned.

Will this will be voluntary? <_<

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Less council houses mean my house will go up more. Demand outstripping supply.

Thanks for posting great news.

Ever thought of getting help for your acute short-sightedness?

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Ha,

Less council houses mean my house will go up more. Demand outstripping supply.

Thanks for posting great news.

That factor is relatively insignificant compared to reduced yields on BTL.

As I'm sure you'll agree, first-time buyers do not buy houses anymore, investors do. Reduced yield on that investment makes it less attractive.

There will be a knock-on effect on house sales as people start to realise that the BTL gravy train doesn't guarantee yearly above-inflation rent rises out of the government pocket anymore.

As for the "because of financial pressures facing landlords" reason, people are not going to buy that the person they've been giving 50% of their income to in rent is somehow "poor".

Edited by DementedTuna

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Is this like the train operators trying to wriggle their way out of inflation linked fare reductions?

The way they've done that is to impose swingeing increases in unregulated fares to try to make up the shortfall.

I suspect that housing associations will try a similar tactic, e.g. recouping the money through service charges, regular inspections followed by big repair bills for any 'damage', etc. etc.

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The way they've done that is to impose swingeing increases in unregulated fares to try to make up the shortfall.

I suspect that housing associations will try a similar tactic, e.g. recouping the money through service charges, regular inspections followed by big repair bills for any 'damage', etc. etc.

this is not past tense...the rises /adjustments are next January.

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inspections followed by big repair bills for any 'damage', etc. etc.

You can't charge someone for damage during their tennancy itself, only when they move out.

A tennant can strip all the plaster from the walls, paint them black and nail dead animals to them if they wish, it's none of the landlord business. As long as the property is returned to the landlord in the same state (less wear and tear) that it was in when the tennant moved in, it's none of the landlords business and nothing the landlord can do about it.

Landlords inspections are not a legal entitlement and under the tennants rights to "quiet enjoyment" of the property they can refuse them.

Lots of landlords like to think they can put what they like in the AST and do what they like, but none of it is legally enforcable. The most the lardlord can do is give the tennant 2 months notice once the 6/12 month assured period is up.

The landlady in yesterdays paper who threw out her pop-star tennant for having sex-parties could go to prison for what she did and certainly could be sued by him. She turned up and let herself into the property with her spare key and started throwing out his mostly female party guests then threw his out as well.... "evicting him" as she called it with no notice. Harrassment, criminal tresspass, threatening behaivour, Assult, Burglary, Criminal Damage. The list is endless. If it went to court they'de throw the book at her and she'de almost certainly spent time inside.

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She turned up and let herself into the property with her spare key and started throwing out his mostly female party guests then threw his out as well.... "evicting him" as she called it with no notice. Harrassment, criminal tresspass, threatening behaivour, Assult, Burglary, Criminal Damage. The list is endless. If it went to court they'de throw the book at her and she'de almost certainly spent time inside.

I agree. The landlady could well end up having to let the tenant back into the property at the very least.

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