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A Downside Of Renting

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Just had the dreaded call from the landlord ... wants to put the rent up.....

Myself, wife and 2 kids (1 and 3) are in a 2 bed house which we rent for £730 pcm. It's shabby but we can manage until we buy somewhere. If the rent goes up by much we'll begrudge paying the landlord more considering the lack of maintence he undertakes (he does the minimum necessary at lowest possible expense).

However, if we move we'll have to pay even more rent, plus fees, plus be tied in for a year. On top of that is all the hassle of moving with kids.....

Gaaaagghhhhhhhhh ... just when we thought sit it out for 6 months or so and maybe buy in the autumn (subject to the crash picking up speed!)

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Some people, and I wouldn't advise you to do it, learn the rules of the system better than the landlord...

Please could you elaborate ... not quite sure what you mean. Thanks.

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Tell them to ram it.That's what I did. Was this call from the landlord or an agency ? If its the agency - there is every chance the landlord isnt even aware of this new request for an increase. Its a risk of course - but if they then say you will have to move - send them a basic calculation of one month void period - and how long it will take to make up that one months lost rent. Probably something like 2 years or so.

Also - inform them that if they do wish you to leave - they wont be showing anyone around it until you leave - which is perfectly within your rights. This pretty much guarantees a void period of at least one month. (Unless of course you are living in a mansion for £300 a month and there is a queue of people outside desperate to live there)

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Tell them to ram it.That's what I did. Was this call from the landlord or an agency ? If its the agency - there is every chance the landlord isnt even aware of this new request for an increase. Its a risk of course - but if they then say you will have to move - send them a basic calculation of one month void period - and how long it will take to make up that one months lost rent. Probably something like 2 years or so.

Also - inform them that if they do wish you to leave - they wont be showing anyone around it until you leave - which is perfectly within your rights. This pretty much guarantees a void period of at least one month. (Unless of course you are living in a mansion for £300 a month and there is a queue of people outside desperate to live there)

Landlord - no agency involved. I'm intrigued to know how much they want to put the rent up by. It is very cheap compared to similar size properties (£730 versus £895 pcm) but .... our neighbours for instance have brand new kitchen, whereas ours is shocking 70s thing that is gradually falling apart).

If they want to put it up by more than £50 a month we'll say we'll move out.

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Just had the dreaded call from the landlord ... wants to put the rent up...

Yes, mortgages never go up do they?

It is a massive hassle moving. Fact is, by the sound of your comments, you have good value just now. If it becomes slighly less good value, so be it. get at least a year's lease. Try for 2 or 3.

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Just had the dreaded call from the landlord ... wants to put the rent up...

Yes, mortgages never go up do they?

It is a massive hassle moving. Fact is, by the sound of your comments, you have good value just now. If it becomes slighly less good value, so be it. get at least a year's lease. Try for 2 or 3.

The call was dreaded because we may have to choose between moving house, or paying over the odds for somewhere which is less than ideal. We were hoping to buy soon (subjetc to prices) so intend to get a flexible contract with the landlord .... have been here 4.5 years .... 18 months longer would be absolute max.

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Landlord - no agency involved. I'm intrigued to know how much they want to put the rent up by. It is very cheap compared to similar size properties (£730 versus £895 pcm) but .... our neighbours for instance have brand new kitchen, whereas ours is shocking 70s thing that is gradually falling apart).

If they want to put it up by more than £50 a month we'll say we'll move out.

If he is under the market price for the area it is just as well to accept the rent rise if it is reasonable IMO. If he started trying to get above the standard rent for similar sized property then that would be a different story of course. My last flat was a good sized flat, at a really knock down price, and a few years into the tenancy they wanted £50 p.m more, and it would still be dirt cheap, so I just went with it, much easier than trying to squabble with them. If he is raising the rent that would be a good time to insist on some upgrades and repairs as well. IMO the key to renting is to have savings, to be able to travel light/quickly (I know you have kids) and to be aware of the market in your area ( I don`t bother monitoring my area because the rent is so cheap it is negligible anyway, any move wouldn`t be for money reasons) By being aware of the market, and being on the radar of some other landlords/agents you will get offered viewings and be told when property you might be interested in comes up ( by doing this sort of networking with agents a few years ago I got offered a really great house with massive garden at a good rent just as it came on the market. If I had just ignored the other agents/market I wouldn`t have been on the radar for them to contact) Good Luck!

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Landlord - no agency involved. I'm intrigued to know how much they want to put the rent up by. It is very cheap compared to similar size properties (£730 versus £895 pcm) but .... our neighbours for instance have brand new kitchen, whereas ours is shocking 70s thing that is gradually falling apart).

If they want to put it up by more than £50 a month we'll say we'll move out.

Same happened to me at the start the year. LL wanted to put the rent up by £300! to £1250, as he saw the market rate at £1400 (this is zone 3 London and next door has just rented for this, so he wasn't far wrong :o ). I offered £1100, which I still thought was a lot but I would have to have moved quite far to keep this level of rent for the same size place. He agreed but with how the rents around here have been shooting up, I can see him asking for the same sort of increase next year!

Buying is a hedge against rising rents and with the current ridiculously low mortgage costs, it is a hedge that is making us renters look dumb! Wages, rents and house prices are so out of kilter a correction really can't come soon enough for me! Unfortunately, I can see the can-kicking possibly continuing for few years yet!

Enough of my groans, back to your dilemma. You are thinking correctly. Weigh up the costs of moving with the pros and cons of living somewhere else. That's your maximum increase, if he asks for any more than that, say no and move. The only other factor in your case that might change that stance is that is it worth bickering over a few pounds if you are going to move (ie buy) in any case in a few months. Moving costs money and is a major hassle, better to move once and settle than twice in quick succession.

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You know someone will say this, and I respect you may have specific plans.....but buying in Autumn 2015 is almost certainly buying right on top of the big fake plateau of house prices. The housing market is utterly false at the moment - prices are easily 2 times over-valued. I also understand you may not want to wait 3 or 4 more years - fair enough.

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You know someone will say this, and I respect you may have specific plans.....but buying in Autumn 2015 is almost certainly buying right on top of the big fake plateau of house prices. The housing market is utterly false at the moment - prices are easily 2 times over-valued. I also understand you may not want to wait 3 or 4 more years - fair enough.

I think things plateaued last summer, but could drift sideways until Autumn 15. If decent drops are seen (20%) then I would be tempted into the market. My wife is at breaking point .... I have been saying to her since 2010.... just you wait, the proper crash is coming ....

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Forget the housing mkt when considering prices.

It's all about when/if 2008.2 comes.

Might have started. Qui sais?

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Decide what you'll do if he calls your bluff on moving because your risk is greater than his (he can still offer at below market but above current rent to another), esp in context of your not wanting long term commitment. I'd start with haggling.

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I think things plateaued last summer, but could drift sideways until Autumn 15. If decent drops are seen (20%) then I would be tempted into the market. My wife is at breaking point .... I have been saying to her since 2010.... just you wait, the proper crash is coming ....

I said the same and it was most definitely a contributing factor to our separation which has cost mea lot more than if i bought peak of any bubble.

I'm in if prices drop 15% from pre HTB2 prices. Problem with so many being priced out for so long there must be plenty of people willing to take the plunge with not overly great price falls.

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As long as new HTB plans come into the market (blame both parties Red/Blue)..

Tbh, I have given up on the market changing. It is obvious that banks/estate agents/house builders/lobbyists and BoE/any Gov dont want that.

The only solution is tenants reaching 45% of the population which will take few years.

So for the moment the best solution for me is to move out of London/SE.

To the OP, what about schools? Is this house close to a good school for your kids?

If not, you might have to move anyhow.

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As long as new HTB plans come into the market (blame both parties Red/Blue)..

Tbh, I have given up on the market changing. It is obvious that banks/estate agents/house builders/lobbyists and BoE/any Gov dont want that.

The only solution is tenants reaching 45% of the population which will take few years.

So for the moment the best solution for me is to move out of London/SE.

To the OP, what about schools? Is this house close to a good school for your kids?

If not, you might have to move anyhow.

We'll find out in 2 weeks if our daughter got into first choice school .... but we're pretty pragnmatic about schools and there's another half dozen or so within a few miles we'd be happy with.

Update .... my wife and I have agreed that as long as rent doesn't go up by too much, we'll sign for another year... taking us to june ish 2016. Surely to god the madness will have ended by then?

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I said the same and it was most definitely a contributing factor to our separation which has cost mea lot more than if i bought peak of any bubble.

I'm in if prices drop 15% from pre HTB2 prices. Problem with so many being priced out for so long there must be plenty of people willing to take the plunge with not overly great price falls.

I think this was one of the main reasons prices didn't fall dramatically between 2008-2011. There is lots of willing buyers (if they can get a mortgage)! That and ZIRP which bailed out a lot of over leveraged idiots (sorry, they can't be idiots, they have far more equity than me! I think we are suppose to call them aspirational home owners or BTL scum :P).

Just how longcan prices keep rising 10% year on year?

How long can the pound continue to lose value year on year? :P You see my point.

Edited by renting til I die

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The thing that really pi**es me off is the landlady asking me on the phone what our plans are ... and me having to say we'd like to buy but prices are still crazy. I could sense the condescending smirk in her silence ... she owns 4 houses and is able to put up our rent to live in a shite hole. grrrr.

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The thing that really pi**es me off is the landlady asking me on the phone what our plans are ... and me having to say we'd like to buy but prices are still crazy. I could sense the condescending smirk in her silence ... she owns 4 houses and is able to put up our rent to live in a shite hole. grrrr.

you should always lie thru your teeth, tel her you are happy and can see yourself waiting there for the forseeable future, placate her as much as possible, meanwhile bend over backwards to get out from under and aim for the day when she cant be dropped like a hot brick, hopefully in a hpc, who knows, you may even be buying the same house back at a distressed rate (i know it sounds unlikely, but nobody knows whats around the corner - for example just as im getting fed up not winning any lottery money and thinking of pulling my money - i usually start winning, yeah small amounts, but it keeps me in the game since it gives some hope, albeit maybe false, but hey, who am i to call fate out).

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