Fuming

[Maddog21]

Cut a long story short , been given notice on place we rent LL wants to sell

had a lot of problems with damp mould so not to bothered about moving.

Looked a place after work originally up for £1095 now advertised at £995

There's not a lot in the area that we want, we are limited because of location of

childminder (near Slough) EA young bloke, typical EA but seemed pretty on the ball

apparently Slough Council have written to local EA's saying they need to house 3000

people and have offered the LL of this property £1250!!!!

Now obviously I take what EA's say with a pinch of salt but he seemed genuine and as equally

shocked as us. The LL had previously lived in the house so don't think it's a BTL

and they want a profesional working family in there , fair play to them

but how many don't give a monkeys as long as they are getting paid.

We said most we would go to is £950 and he said he would put it to them.

So now we are competing with the local council and utimately the tax payer which I am myself

to find somewhere to live over a family of Somalis , Eastern European , unemployed English family

take your pick , f*cking brilliant , how did we get into this mess.

[Self Employed Youth]

Cut a long story short , been given notice on place we rent LL wants to sell

had a lot of problems with damp mould so not to bothered about moving.

Looked a place after work originally up for £1095 now advertised at £995

There's not a lot in the area that we want, we are limited because of location of

childminder (near Slough) EA young bloke, typical EA but seemed pretty on the ball

apparently Slough Council have written to local EA's saying they need to house 3000

people and have offered the LL of this property £1250!!!!

Now obviously I take what EA's say with a pinch of salt but he seemed genuine and as equally

shocked as us. The LL had previously lived in the house so don't think it's a BTL

and they want a profesional working family in there , fair play to them

but how many don't give a monkeys as long as they are getting paid.

We said most we would go to is £950 and he said he would put it to them.

So now we are competing with the local council and utimately the tax payer which I am myself

to find somewhere to live over a family of Somalis , Eastern European , unemployed English family

take your pick , f*cking brilliant , how did we get into this mess.

Rent rises above RPI every year, this is covered by housing benefit.

Workers must pay more, even though their incomes are decreasing.

The end result is working poverty, higher unemployment and a collapse of the £.

We either need to stop the madness or raise rents by 10000% and crash the £ so we can start over again.

[mark1]

15 years ago you wouldnt have been able to make something like this up, now its the norm.

[Charlie The Tramp Returns]

EA young bloke, typical EA but seemed pretty on the ball

apparently Slough Council have written to local EA's saying they need to house 3000

people and have offered the LL of this property £1250!!!!

This is happening with many Councils one Landlord on a phone-in months ago offered his property to his council for x amount, the Council said we pay y which was much more, the Landlord said I only want x, the Council replied by law we must pay you y.

[Maddog21]

This is happening with many Councils one Landlord on a phone-in months ago offered his property to his council for x amount, the Council said we pay y which was much more, the Landlord said I only want x, the Council replied by law we must pay you y.

FFS!!!!!

Don't wind me up, Im not in the mood!!!! Unbelievable

This country is f*cked

[Goat]

FFS!!!!!

Don't wind me up, Im not in the mood!!!! Unbelievable

This country is f*cked

You sound surprised: don't you know that you have a duty to help the poor by living in a s***hole in the ground whilst deserving families live in the nice houses at your expense.

[LJAR]

You sound surprised: don't you know that you have a duty to help the poor by living in a s***hole in the ground whilst deserving families live in the nice houses at your expense.

this no longer makes me angry, I am filled with RAGE every time I think about it.

max benefit per person should be equivalent to the state pension - if it is enough for one person to live on then it should be fine.

you have kids? go and work!

[up2late]

[redmen9]

Work colleague today was saying he was considering purchasing BTL as his savings weren't earning enough in the bank. I tried to put forward as many arguments as possible to put him off but it was very difficult to discourage him.

He'd spoken to a financial adviser (resident at an EA) who told him that there was a glut of people waiting to get a rental. Renter would pay off his mortgage and within 20 years and the house would be his.

Thing that gets me is there are thousands of young people out there who can't afford a mortgage to buy a house outright yet they CAN afford to pay a mortgage via the landlord who no doubt takes his cut with a 10% fee going to the EA for marketing and rent collecting etc.

That in itself is enough to make you rage but after reading the original post it makes you realise how rigged the whole system is, feel like throwing in the towel

[Maddog21]

this no longer makes me angry, I am filled with RAGE every time I think about it.

max benefit per person should be equivalent to the state pension - if it is enough for one person to live on then it should be fine.

you have kids? go and work!

Exactly

Me and the Mrs. both work full time , she does 2 night shifts every 10 days in her

shift pattern as well , pay for child care , pay our tax and this is the situation

we find ourselves in , my mother and father both come from council estates

and they worked every bloody day , now we are giving people it for nothing

We would almost be better off giving up work and going on benefits but that's not the

way we were brought up or how we want to bring our kids up but it's a p1ss take!!!

What a complete f*ck up , I am livid!!!

[kilroy]

Work colleague today was saying he was considering purchasing BTL as his savings weren't earning enough in the bank. I tried to put forward as many arguments as possible to put him off but it was very difficult to discourage him.

He'd spoken to a financial adviser (resident at an EA) who told him that there was a glut of people waiting to get a rental. Renter would pay off his mortgage and within 20 years and the house would be his.

Thing that gets me is there are thousands of young people out there who can't afford a mortgage to buy a house outright yet they CAN afford to pay a mortgage via the landlord who no doubt takes his cut with a 10% fee going to the EA for marketing and rent collecting etc.

That in itself is enough to make you rage but after reading the original post it makes you realise how rigged the whole system is, feel like throwing in the towel

But where are these houses that yield so much in rent? Paying off mortgage in 20 years with a 80% ltv means that the net annual yield (after interest, upkeep and voids) is 4%. Interest alone on a btl are at least 5% and assuming no voids and higher rate tax payer, yields have to be around 12% for the mortgage to be cleared in 20 years. Sounds like your colleague has been bamboozled....

[okaycuckoo]

Don't know what to say.

I first came across these bizarre payouts a couple of years ago. And it's not really foreigners who get the benefit, in my experience, but single mums. Yet people still aren't getting angry. Merv is similarly mystified over the public's lack of anger at the bankster bailout.

Hard to credit, but we are headed full speed for a brick wall, despite all the warnings and the obvious absurdities.

[SarahBell]

Write to the local paper letters page

[Ungeared]

FFS!!!!!

Don't wind me up, Im not in the mood!!!! Unbelievable

This country is f*cked

Lol calm down me ole mucker, the council actually wrote to me and asked me would i like to attend their seminar to help with tenant placements, if i can find the letter i'll bring it in and show you.

Going slightly off topic this place has been build next door to me.

http://www.paradigmhousing.co.uk/index.php?pageID=228&tabMode=news&tabAction=showStory&newsID=180&newsFilterOn=&FilterArchived=&FilterYear=&FilterMonth=

Rents range from £109.65 to £139.98 per week.

Yes that's less than £140 per week for a brand new 5 bed detached house, the guy who has moved in has 6 kids and has lived in the country for less than 10 years, unemployed of course....

How'd Frank Ifield!!

Edited April 11, 2011 by Ungeared

[redmen9]

But where are these houses that yield so much in rent? Paying off mortgage in 20 years with a 80% ltv means that the net annual yield (after interest, upkeep and voids) is 4%. Interest alone on a btl are at least 5% and assuming no voids and higher rate tax payer, yields have to be around 12% for the mortgage to be cleared in 20 years. Sounds like your colleague has been bamboozled....

Near me, you can buy a 3 bedroom terrace for £100k, you can easily get £500-£550 rental here. My colleague has no mortgage himself, the mortgage no doubt would be secured against his home. He just fails to see where he can fail given what the EA fed him.

[Maddog21]

Lol calm down me ole mucker, the council actually wrote to me and asked me would i like to attend their seminar to help with tenant placements, if i can find the letter i'll bring it in and show you.

Going slightly off topic this place has been build next door to me.

http://www.paradigmhousing.co.uk/index.php?pageID=228&tabMode=news&tabAction=showStory&newsID=180&newsFilterOn=&FilterArchived=&FilterYear=&FilterMonth=

Rents range from £109.65 to £139.98 per week.

Yes that's less than £140 per week for a brand new 5 bed detached house, the guy who has moved in has 6 kids and has lived in the country for less than 10 years, unemployed of course....

How'd Frank Ifield!!

Alright mate

Yeah bring it in , Fiona Mac will be receiving a letter from me don't worry about that.

Labour protecting hard working families , f*ck off

See you in the morning , I'll be the one ranting at the coffee machine!!

[athom]

FFS!!!!!

Don't wind me up, Im not in the mood!!!! Unbelievable

This country is f*cked

Classic. I've been thinking or saying exactly that about once a waking hour for the last 8-9 years. According to my wife sometimes in my sleep as well.

[leicestersq]

Cut a long story short , been given notice on place we rent LL wants to sell

had a lot of problems with damp mould so not to bothered about moving.

Looked a place after work originally up for £1095 now advertised at £995

There's not a lot in the area that we want, we are limited because of location of

childminder (near Slough) EA young bloke, typical EA but seemed pretty on the ball

apparently Slough Council have written to local EA's saying they need to house 3000

people and have offered the LL of this property £1250!!!!

Now obviously I take what EA's say with a pinch of salt but he seemed genuine and as equally

shocked as us. The LL had previously lived iin the house so don't think it's a BTL

and they want a profesional working family in there , fair play to them

but how many don't give a monkeys as long as they are getting paid.

We said most we would go to is £950 and he said he would put it to them.

So now we are competing with the local council and utimately the tax payer which I am myself

to find somewhere to live over a family of Somalis , Eastern European , unemployed English family

take your pick , f*cking brilliant , how did we get into this mess.

Great story.

The people in power have no idea.

They think that hb will house everyone. But every recipient of hb will displace someone else. In order to house that person, you need to give them some money, only a bit more because the price has now gone up.

Hb costs rise month after month because of this, we all pay more and more tax to bank shysters and landlords, yet no more are housed.

Hb needs to be abolished.

[200p]

Its f**king disgusting and I don't say the f word often.

Housing benefit is the one thing that is keeping yields up, propping up the UK housing market. Every other bubble has burst; Ireland, USA etc.

We'll need a sovereign debt crisis to put this one to bed. If not theres a house I'm looking at as a FTB, if I don't live in it will yield 4% on a repayment mortgage, to keep it low risk. S*d it, I'd rather have the bond maket crash and watch the carnage.

[miko]

This is all due to Thatcher sellling off so many council houses which started 30 years ago.

I wonder how much they raised ?

I wonder how much it has cost the country since ?

I wonder how much it will cost in the future ?

Just a few Antidotals I have heard over the years.

17 year old single Mum daughter of a 40 year old single Mum , council put her in a new one bed private house cost £1000k per month.

Guy I worked with bought his council house , after a few years he remortaged it and bought another to live in , renting out the first. After a couple of years the council took it on a long lease they pay him 3x the rent he used to pay them.

[Ungeared]

This is similar to the letter i received

Calling all landlords – Slough Borough Council can help you

21 March 2011

Slough Borough Council is inviting anyone in Slough who has a property to let or is thinking of letting their home to come to a special event designed to help landlords.

From 5.30 to 7pm on Thursday 24 March at MyCouncil, High Street, Slough, there will be a team of experts and advisors on hand to give advice to anyone who is a landlord or is considering becoming a landlord.

The Slough Landlords Event is designed to help landlords with information and guidance and show them ways they can get local tenants immediately.

As well as the council’s housing advisors, there will be housing association leasing officers, benefit advisors and empty homes experts at the event.

Anne Bateman from the council’s housing team, said: “This event is all about helping landlords and showing them all the schemes there are available to help them find and keep reliable tenants.

“Whether someone just wants guidance on the legal requirements or needs advice on making their property suitable for letting, this is the event to come to.”

Councillor James Swindlehurst, commissioner for Slough neighbourhoods and renewal, said: “The Council is working hard to improve the quality of housing in the private sector in Slough, and this event is about informing landlords of the opportunities and responsibilities of this type of activity.

“The guidance in place for those renting out properties is there to protect the residents, and it is important that landlords are aware of their responsibilities in this respect.

“Through houses in multiple occupation inspections and licensing we are addressing some of the worst breaches of the regulations which have put tenants in real danger, and I hope events like this will enable all landlords to adhere to the rules and provide safe accommodation to those seeking it.”

Slough Borough Council

[lulu]

this no longer makes me angry, I am filled with RAGE every time I think about it.

max benefit per person should be equivalent to the state pension - if it is enough for one person to live on then it should be fine.

you have kids? go and work!

Was talking to a work collegue the other day, she was telling us of the days when her and her seven siblings had to sleep 4 to a bed as their family was so poor. Her father had left them at some point (drink seemed to be the issue here - hence the number of kids) and her mother worked two jobs to keep a roof over any of their heads.

These days the family would be entitled to a multi bedroom house and there would be a fancy TV in the corner. Things have swung too much the wrong way, where it appears to be very common that benefit claimants are better of than the really poor people - those idiots who are on low wages and bother to continue with work rather than claim for 'depression' or a 'bad back' *

* I know of some genuine claimants who have been depressed and have impaired mobility and they deserve the taxpayers help but the numbers now just simply do not add up....

[lulu]

This is all due to Thatcher sellling off so many council houses which started 30 years ago.

I wonder how much they raised ?

I wonder how much it has cost the country since ?

I wonder how much it will cost in the future ?

The question here is that after what many believe to be a mistake by Mrs Thatcher, what exactly after 13 years in power did the 'Socialist' Labour party do to put it right. They are still critisising the policy but did nothing to reverse its effects. During the boom years Brown could and should have ordered the building of new council housing (which would have very possibly been cost neutral - depending on the rents charged) but they didnt - the real question is why?

[miko]

- those idiots who are on low wages and bother to continue with work rather than claim for 'depression' or a 'bad back' *

* I know of some genuine claimants who have been depressed and have impaired mobility and they deserve the taxpayers help but the numbers now just simply do not add up....

This is what it has come to and in time more and more people are going to be claiming instead of working for the sh-t pay and crap lifestyle.

Ian Duncan Smith did say he was going to make work pay. Upping the tax free allowance was part of that , pity most of it got snatched back via higher NI. Quite frankley they are just rearanging the chairs on the deck of the titanic.

[CrashConnoisseur]

Cut a long story short , been given notice on place we rent LL wants to sell

had a lot of problems with damp mould so not to bothered about moving.

If so inclined you could ask the council to assess the property under the 'Health and Safety Rating System (HHSRS)':

http://www.slough.go...ices/10766.aspx

Looked a place after work originally up for £1095 now advertised at £995

There's not a lot in the area that we want, we are limited because of location of

childminder (near Slough) EA young bloke, typical EA but seemed pretty on the ball

apparently Slough Council have written to local EA's saying they need to house 3000

people and have offered the LL of this property £1250!!!!

How many bedrooms? If there's any substance to this story then the council must have a legal duty to find accommodation for these families because they are homeless or asylum seekers. £1250 is £300 a month more than the Housing Benefit LHA rate for a three bed house in Slough (East Thames Valley BRMA).

Edited April 11, 2011 by CrashConnoisseur