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Dispatches: Britain's Nightmare Tenants

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Yet more landlords who don't realise that renting out houses is a business arrangement and that people not paying are a risk of running the business.

Plus, I see that the usual "I'm running a social service" argument has come out already. What a philanthropist!

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I felt sorry for the couple who had a tenant who refused to pay... until I realised that they had 5 or 6 properties as investment for retirement. It's the risk you take, missis...

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I think the start of the program set the tone "For the last few years, Britian has 'enjoyed' a buy-to-let boom". The underlying message is that, partly because of the financial crisis, some poor hard-working landlords who are simply providing a social service are being ripped off by nightmare tenants who refuse to pay the landlords their hard-earned cash.

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Yet more landlords who don't realise that renting out houses is a business arrangement and that people not paying are a risk of running the business.

Plus, I see that the usual "I'm running a social service" argument has come out already. What a philanthropist!

Yep, what a guy. He's providing a service pricing out his own tenants from buying their own place. A captive market.

One thing thats really striking, is that these BTLs have absolutely no buffer if a tenant stops paying. Complaing of a few months missed!

What were they thinking would happen if they have a void for a year or two??

Which is gonna happen when the jobs and housing benefit go.

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One thing thats really striking, is that these BTLs have absolutely no buffer if a tenant stops paying. Complaing of a few months missed!

Heh, I have an anecdotal there that can beat that. I moved to new digs (much superior to the old digs for the same price), had been living in the new gaff for about six months or so, paying by standing order. So happened one day that the standing order date arrived on a Saturday and the payment was delayed until Tuesday due to working days.

Landlord phoned me up on Tuesday morning in a panic and all worried. Holy crap! The guy must be watching his bank account practically by the hour when it's pay time.

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Sickening. I realise that the vast majority of Britons are irresponsible morons, but its the glorification of this idiocy on TV that irks me.

I mean the former estate agent women (now a bankrupt) who they bill as therefore 'knowing a thing about property' who became a BTLer as she couldnt sell her home. Obviously, if she cant sell her own home, she is no expert, she's an idiot who cant price homes correctly.

Man with Nottingham murder flat is sick. Waa, waa so what if someone died, im £8k out of pocket, landlords are the forgotten victims, Waa, waa.

If you were serious about being a landlord you would be aware of your responsibilities as a landlord, and put money aside for such things.

What more do these vampires want?

Theyve had £200 BILLION of printed money to shore up their property values

THeyve had ZIRP to ensure their outgoings are minimal

Theyve had above market rate Housing benefit to ensure incomings are maximal

at what point do they own up and accept if they cant make it with all that being thrown their way, they really cant run a pi$$ up in a brewery.

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Heh, I have an anecdotal there that can beat that. I moved to new digs (much superior to the old digs for the same price), had been living in the new gaff for about six months or so, paying by standing order. So happened one day that the standing order date arrived on a Saturday and the payment was delayed until Tuesday due to working days.

Landlord phoned me up on Tuesday morning in a panic and all worried. Holy crap! The guy must be watching his bank account practically by the hour when it's pay time.

Wow. They really are on the edge aren't they. I suppose they never considered the need to even have tenants. They were just basing everything on house price inflation. That certainly seemed to be the case with these inner-city flats. They were just casino chips really.

Oh dear. My heart bleeds for them.

So what they gonna do when housing benefit reductions reduce the number of high bidders in the market? The landlords are toast.

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If a tenant refuses or can't pay out they should go [pronto] it should be the landlords perogative to chase a bad debt or cut and shun,

assured shorthold tenancy agreement are still not flexible enough to make this "business" as efficient as it should be.

Against "house" [crap] opinion the law actually is overly weighted for tenants.

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the place is soooo dirty.. look at that exposed carrier bag. and theres traces of smoking.

this is an outrage

Yes. "We bought this Buy to Let property in perfect condition. We can't have human activity messing it all up."

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If a tenant borrower refuses or can't pay their mortgage,out they should go [pronto] it should be the landlords banks perogative to chase a bad debt or cut and shun,

assured shorthold tenancy agreement mortgages are still not flexible enough to make this "business" as efficient as it should be.

Against "house" [crap] opinion the law actually is overly weighted for tenants overstretched borrowers.

fixed.

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Yes. "We bought this Buy to Let property in perfect condition. We can't have human activity messing it all up."

Banks and building societies should carry out six monthly inspections of all mortgaged properties to ensure the borrowers have washed their pots up and made the beds.

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fixed.

"fixed" what nothing u "joker" ,

fact; man can't pay for item man should not enjoy item.

"Borrower" issue is ****** it's none of the "renters" concern how the house is paid .For that's a different business issue

altogether.

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"fixed" what nothing u "joker" ,

fact; man can't pay for item man should not enjoy item.

"Borrower" issue is ****** it's none of the "renters" concern how the house is paid .For that's a different business issue

altogether.

It's not paid, though is it? In all probability it's bought with debt (a BTL mortgage) so who really owns the property?

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"fixed" what nothing u "joker" ,

fact; man can't pay for item man should not enjoy item.

"Borrower" issue is ****** it's none of the "renters" concern how the house is paid .For that's a different business issue

altogether.

350,000 borrowers were "helped" to stay in their homes. nothing to do with landlords, but these borrowers are in the same class as tenants from hell...cant pay...wont pay....so government should.

Oh and I agree with your FACT: the LL in a BTL has a separate contract with his bank. Its HIS duty to pay up, REGARDLESS of his income from the tenant. Thats the same in any other business..I buy stock...I sell stock...if m not paid, thats not the suppliers problem.

and as for homeowners who fail to meet their mortgages....I agree, man cant pay, man shouldnt enjoy.

Edited by Bloo Loo

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"fixed" what nothing u "joker" ,

fact; man can't pay for item man should not enjoy item.

"Borrower" issue is ****** it's none of the "renters" concern how the house is paid .For that's a different business issue

altogether.

Can someone who needs a taxpayer subsidy in the form of housing benefit "afford" to rent? And what if they no longer get that subsidy?

If housing benefit collapses, along with the governments balance sheet. Landlords are finished.

Landlords may have miscalculated the "real" demand for their product. Ooops! :huh:

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350,000 borrowers were "helped" to stay in their homes. nothing to do with landlords, but these borrowers are in the same class as tenants from hell...cant pay...wont pay....so government should.

Oh and I agree with your FACT: the LL in a BTL has a separate contract with his bank. Its HIS duty to pay up, REGARDLESS of his income from the tenant. Thats the same in any other business..I buy stock...I sell stock...if m not paid, thats not the suppliers problem.

and as for homeowners who fail to meet their mortgages....I agree, man cant pay, man shouldnt enjoy.

Sorry guys i missed it, what "Help" has been given to 350,000 borrowers?

Mike

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Can someone who needs a taxpayer subsidy in the form of housing benefit "afford" to rent? And what if they no longer get that subsidy?

If housing benefit collapses, along with the governments balance sheet. Landlords are finished.

Landlords may have miscalculated the "real" demand for their product. Ooops! :huh:

Nah the government won't let the landlords down. They've got vested interest in it so they don't need to build social housing

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It's not paid, though is it? In all probability it's bought with debt (a BTL mortgage) so who really owns the property?

It's in the process of being paid a freely acted arrangement , pay no mortgage house get repossessed. " debt" got

nothing to do with it.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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