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Clarky Cat

Wales Housing Bill Passed

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  • Introduce a compulsory registration and licensing scheme for private rented sector landlords and letting and management agents;
  • Reform homelessness law, including placing a stronger duty on local authorities to prevent homelessness and allowing them to use suitable accommodation in the private sector;
  • Place a duty on local authorities to provide sites for Gypsies and Travellers where a need has been identified.
  • Introduce standards for local authorities on rents, service charges and quality of accommodation;
  • Reform the Housing Revenue Account Subsidy system;
  • Give local authorities the power to charge 50% more than the standard rate of council tax on homes that have been empty for a year or more; and
  • Assist the provision of housing by Co-operative Housing Associations

The registration/landlord licensing is interesting. I assume it'll make BTL less attractive and with a central register it's very difficult to avoid tax. There's also a "fit and proper" test for landlords who self-manage which I think is quite reasonable - after all why should a convicted fraudster be able to let property to you?

http://www.senedd.assemblywales.org/mgIssueHistoryHome.aspx?IId=8220

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I had a feeling that in past six months or so that there has been a steady trickle of rental properties being sold off, that includes tenanted properties - something I've rarely seen before.

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In Swansea I have been told, by various different EAs, that the so-called professional landlords have been unloading, or trying to unload, for a few years and the properties, when sold, are usually bought up by amateur new to being a landlord BTLers.

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In Swansea I have been told, by various different EAs, that the so-called professional landlords have been unloading, or trying to unload, for a few years and the properties, when sold, are usually bought up by amateur new to being a landlord BTLers.

I wonder how the Welsh Wilson is doing? Kev Green?

There was a story a few weeks ago about a Welsh 'businessman' whose McLaren got jumped up and down on for parking on double yellows in Port Talbot whilst he was in a restaurant. I did wonder...

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What is "wealth coaching" going to teach though? You certainly won't be able to buy a house using credit cards and you are not going to have a decade of massive HPI combined with loosening of credit conditions to leverage that initial house into 700..

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Why do you have to overregulate just about everything in this country? Why do other countries simply "work" without this registering and licensing business????

That's one thing, the other being:

What is this obsession with paying "the right amount of tax and contributing to the community" about? In just about any other country paying as little tax as possible is a national sport. And guess which country (IMO) is world champion in tax reduction/avoidance? ;)

Jule

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Why do you have to overregulate just about everything in this country? Why do other countries simply "work" without this registering and licensing business????

That's one thing, the other being:

What is this obsession with paying "the right amount of tax and contributing to the community" about? In just about any other country paying as little tax as possible is a national sport. And guess which country (IMO) is world champion in tax reduction/avoidance? ;)

Jule

There is a general problem with privately rented accommodation - but a simple almost non-regulatory solution would be to prohibit people from owning more than one house.

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Anectodally, I am seeing a surprising amount of student accommodation now up for sale round here in North Wales. I had assumed it was simple oversupply/what was done every summer. But the OP makes me wonder if there is something more going on.

Why do you have to overregulate just about everything in this country? Why do other countries simply "work" without this registering and licensing business????

That's one thing, the other being:

What is this obsession with paying "the right amount of tax and contributing to the community" about? In just about any other country paying as little tax as possible is a national sport. And guess which country (IMO) is world champion in tax reduction/avoidance? ;)

Jule

Quite simply, in the private rented sector it's obvious that the voluntary approach hasn't worked. Almost everyone who has ever privately rented has a horror story to tell, there's systemic exploitation of the weak and vulnerable, many of these parasites are being subsidised by other tax payers through housing benefit as well as using them to drive up house prices. Further, it's clear that the vast majority are not even registered with the HMRC - never mind minimising their tax bill through legitimate means.

Edited by StainlessSteelCat

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Anectodally, I am seeing a surprising amount of student accommodation now up for sale round here in North Wales. I had assumed it was simple oversupply/what was done every summer. But the OP makes me wonder if there is something more going on.

Quite simply, in the private rented sector it's obvious that the voluntary approach hasn't worked. Almost everyone who has ever privately rented has a horror story to tell, there's systemic exploitation of the weak and vulnerable, many of these parasites are being subsidised by other tax payers through housing benefit as well as using them to drive up house prices. Further, it's clear that the vast majority are not even registered with the HMRC - never mind minimising their tax bill through legitimate means.

Seeing the same in parts of the Vale of Glamorgan/Cardiff, it has all appeared in the last month or so and it`s not just student accommodation

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They've regulated in Scotland. Don't think every LL has joined in though.

  • Introduce a compulsory registration and licensing scheme for private rented sector landlords and letting and management agents;

    The compulsory registration part would suggest fines for not complying

  • The licensing part would suggest there will be a fee for it

  • Add to that any LL will probably have to provide all the relevant safety certificates/insurance to obtain a licence and possibly an inspection (nice job for a council er`s niece :D ) BTL just become more expensive, with the amount that are highly leveraged out there, working on paper thin margins this could well be the straw that breaks the camel's back for quite a few

  • Rush for the exit with a bit of luck

Edited by long time lurking

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You Brits are really out of this world.

Death tax, bedroom tax, any tax going.

Regulations to the nine....regulations for regulating and monitoring the regulations.

State health or non-health system.

You name it....quite honestly this sounds very much like socialism in all but name to a foreigner.

Reducing people to one house only wouldn't surprise me the slightest. Actually, that's what I see on a possible Labour agenda before or after the next election.

Quo vadis, Brittania?

Jule

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You Brits are really out of this world.

Death tax, bedroom tax, any tax going.

Regulations to the nine....regulations for regulating and monitoring the regulations.

State health or non-health system.

You name it....quite honestly this sounds very much like socialism in all but name to a foreigner.

Reducing people to one house only wouldn't surprise me the slightest. Actually, that's what I see on a possible Labour agenda before or after the next election.

Quo vadis, Brittania?

Jule

It is not even good socialism - i.e. not like the German version where they have affordable houses, decent working hours per week, good pensions and a healthcare system that works.

We just have public sector snouts in the trough doing whatever is best for themselves IMPO.

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It is not even good socialism - i.e. not like the German version where they have affordable houses, decent working hours per week, good pensions and a healthcare system that works.

We just have public sector snouts in the trough doing whatever is best for themselves IMPO.

You are absolutely right. Though Germany does explicitly not have socialism but a "social free market economy" (defined in our "Grundgesetz"/basic constitution since we still haven't got a proper state constitution.... well it's only 70 years, might get one when reaching 100).

That's the huge difference "Socialism" as most other "-isms" is a self-serving extreme. "Social free market economy" means, you can on one hand do what you like, but have to consider the welfare of others in your decision making.

That's probably the secret.

I used to be a landlord (lady?? nope, will never be a lady!) in Germany. Tenants over there tend to have more rights than you as the owner of a property. Full stop, no other regulation needed.

I know from other Germans that they are in a constant state of amazement if it comes to British letting ins and outs, re quality of the properties to quality of the tenants to quality of letting agreements. Having said that, Germans don't "do property ladder" hence tenancy is not an interim thing but what people do. End off....

What we have here gives socialism a bad name.

I like that! I always thought it was just me being "difficult". Especially here in Wales, I feel virtually and physically overwhelmed by socialism and people who simple won't, don't and couldn't think outside their socialist box.

Beginning with the NHS going right to schools and (one of my favourite NoNos) community concerns.

I spent some time in Moscow and have some friends in the former GDR /East Germany. Whe I describe my daily experiences their favourite question is something like "You are not confusing this with Moscow, are you?"

Well....

Jule

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