spacedin Posted November 4, 2020 Share Posted November 4, 2020 Yeah, those **** deserve all they get. You'd not mind being in a student HMO if the rent was cheap, but they're not. I had to laugh at the people at 118 moaning that councils aren't being funded for operating HMOs without a licence IIRC they are legally allowed to do this.. Landlords have been operating illegal HMOs since the dawn of time. Quote Link to comment Share on other sites More sharing options...
MerchantNavy Posted November 4, 2020 Share Posted November 4, 2020 Desperate times for BTL and in particular those letting to students. I've noticed in my area large decrease in rent and it is now even inclusive of bills. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 5, 2020 Share Posted November 5, 2020 Why would someone rent a HMO when they could rent a nice room with use of facilities, bills included in a home of a first time buyer or someone living in a nice area with a spare room to rent? Bringing a bit of tax free income in for a mortgage payer or someone living alone with more space than they require......bubble. Quote Link to comment Share on other sites More sharing options...
Crashley Banjo Posted November 5, 2020 Share Posted November 5, 2020 (edited) What's actually sad is the fact that the regular guys who post to this forum should have been right. House prices actually should have fallen really hard after 2008. They didn't, because there's been a paradigm shift that they can't understand. Fundamentals don't play a part in any market and haven't for at least 15 years. True Edited November 5, 2020 by Crashley Banjo Quote Link to comment Share on other sites More sharing options...
highcontrast Posted November 6, 2020 Share Posted November 6, 2020 London landlords feel the coronavirus squeeze: Flood of properties forces huge rent price cuts in many areas of the capital https://www.thisismoney.co.uk/money/buytolet/article-8910379/Rents-London-drop-landlords-feel-coronavirus-squeeze.html Quote Link to comment Share on other sites More sharing options...
msi Posted November 6, 2020 Share Posted November 6, 2020 London landlords feel the coronavirus squeeze: Flood of properties forces huge rent price cuts in many areas of the capital https://www.thisismoney.co.uk/money/buytolet/article-8910379/Rents-London-drop-landlords-feel-coronavirus-squeeze.html How are the airbnb'ers doing....you can almost see dominoes being lined up. Quote Link to comment Share on other sites More sharing options...
12fixer Posted November 7, 2020 Share Posted November 7, 2020 Tax man coming for Air bnb https://inews.co.uk/news/business/airbnb-tax-deal-hosts-hmrc-tax-glare-company-probe-696150 Quote Link to comment Share on other sites More sharing options...
12fixer Posted November 7, 2020 Share Posted November 7, 2020 Air bnb handed over income details of hosts, and are asking them to come clean now, otherwise they could probe them going back 20 years! > https://inews.co.uk/news/business/airbnb-tax-deal-hosts-hmrc-tax-glare-company-probe-696150 Quote Link to comment Share on other sites More sharing options...
msi Posted November 7, 2020 Share Posted November 7, 2020 Air bnb handed over income details of hosts, and are asking them to come clean now, otherwise they could probe them going back 20 years! > https://inews.co.uk/news/business/airbnb-tax-deal-hosts-hmrc-tax-glare-company-probe-696150 ...but...but how were they to know? If only they listed to the voices here eh? You deal HMRC with a straight bat - the only Government agency that can break down your door at 5am without a warrant (Have seen them walk into an office at 7am) Quote Link to comment Share on other sites More sharing options...
Ah-so Posted November 8, 2020 Share Posted November 8, 2020 Air bnb handed over income details of hosts, and are asking them to come clean now, otherwise they could probe them going back 20 years! > https://inews.co.uk/news/business/airbnb-tax-deal-hosts-hmrc-tax-glare-company-probe-696150 Great news. Some have tried to keep under the radar by using more than one company to let through, but a huge number who decided to shift from BTL to AirBnB are going to get caught out. Quote Link to comment Share on other sites More sharing options...
highcontrast Posted November 10, 2020 Share Posted November 10, 2020 London’s rental market is in freefall – putting tenants in the driving seat and landlords at risk Supply has soared and demand has dropped, giving renters much more power to negotiate lower rents from better landlords https://www.telegraph.co.uk/property/renting/londons-rental-market-freefall-putting-tenants-driving-seat/ Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 10, 2020 Share Posted November 10, 2020 The 2nd hand house salesmen aint happy either Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 10, 2020 Share Posted November 10, 2020 London’s rental market is in freefall – putting tenants in the driving seat and landlords at risk Supply has soared and demand has dropped, giving renters much more power to negotiate lower rents from better landlords https://www.telegraph.co.uk/property/renting/londons-rental-market-freefall-putting-tenants-driving-seat/ What tenants. Wouldn't surprise me if half of Eastern Europe was planning on going home at Chrimbo and now coming back. Quote Link to comment Share on other sites More sharing options...
Tapori Posted November 10, 2020 Share Posted November 10, 2020 London’s rental market is in freefall – putting tenants in the driving seat and landlords at risk Supply has soared and demand has dropped, giving renters much more power to negotiate lower rents from better landlords https://www.telegraph.co.uk/property/renting/londons-rental-market-freefall-putting-tenants-driving-seat/ It's ok they can just put up the rents innit. YOU CAN NEVER LOSE WITH PROPERTEEEE! Quote Link to comment Share on other sites More sharing options...
Tapori Posted November 10, 2020 Share Posted November 10, 2020 Great news. Some have tried to keep under the radar by using more than one company to let through, but a huge number who decided to shift from BTL to AirBnB are going to get caught out. About f'in time Quote Link to comment Share on other sites More sharing options...
StuartMc Posted November 10, 2020 Share Posted November 10, 2020 London’s rental market is in freefall – putting tenants in the driving seat and landlords at risk Supply has soared and demand has dropped, giving renters much more power to negotiate lower rents from better landlords https://www.telegraph.co.uk/property/renting/londons-rental-market-freefall-putting-tenants-driving-seat/ 5% down is hardly freefall if ~5% up has been normal for the last 20 years... Quote Link to comment Share on other sites More sharing options...
satsuma Posted November 10, 2020 Share Posted November 10, 2020 Called up a few EAs this morning, one about a few rentals, no offers on those and they were keen to get me out for a viewing, one is on for a long time and is prime rental. These are on for more than I would like to pay, might be worth a go to lowball an offer. Called the other EA about a run down costal semi, just listed and its already sold over the asking price, guy was not even interested in talking about what I was after. Not sure what to make of it Quote Link to comment Share on other sites More sharing options...
winkie Posted November 10, 2020 Share Posted November 10, 2020 Quote Link to comment Share on other sites More sharing options...
rantnrave Posted November 10, 2020 Share Posted November 10, 2020 (edited) 5% down is hardly freefall if ~5% up has been normal for the last 20 years... In prime central London, average rental values declined 9.1% in the year to October, continuing a trend that started during the first national lockdown in England. In prime outer London, the decline was 7.6%. https://propertyindustryeye.com/sharp-increase-in-housing-supply-in-london-as-rents-fall/ Edited November 10, 2020 by rantnrave Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 10, 2020 Share Posted November 10, 2020 In prime central London, average rental values declined 9.1% in the year to October, continuing a trend that started during the first national lockdown in England. In prime outer London, the decline was 7.6%. https://propertyindustryeye.com/sharp-increase-in-housing-supply-in-london-as-rents-fall/ That and voids will destroy any over levered scumbag landlord. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 10, 2020 Share Posted November 10, 2020 (edited) . Edited November 10, 2020 by Si1 Wrong thread Quote Link to comment Share on other sites More sharing options...
highcontrast Posted November 19, 2020 Share Posted November 19, 2020 (edited) Yep, I'd be bricking it if i were a London BTL scumlord too... Sadiq Khan launches Property Licence Checker for tenants "The Mayor of London, Sadiq Khan has launched a new online tool to search if a landlord has licensed a rental property and announcing tenants could be owed thousands of pounds in rent repayments if their landlord has failed to obtain the correct licence. If a landlord does not hold the correct property licence, they may be subject to enforcement action from the local council, but the Mayor says implications for London tenants are also significant: Section 21 ‘no fault’ eviction notices are invalidated, and they may be entitled to a Rent Repayment Order requiring a landlord to pay back up to 12 months’ rent. The current average rent in London is around £1,425 per month, meaning a year’s worth of repaid rent would come to more than £17,000." https://www.property118.com/sadiq-khan-launches-property-licence-checker-for-tenants/ Lolz Edited November 19, 2020 by highcontrast Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted November 19, 2020 Share Posted November 19, 2020 Good initiative. I hope news of this scheme spreads quickly amongst renters in London. And a few stories in the press "I claimed back £000s from my unlicensed landlord" would do nicely. Quote Link to comment Share on other sites More sharing options...
longgone Posted November 19, 2020 Share Posted November 19, 2020 Yep, I'd be bricking it if i were a London BTL scumlord too... Sadiq Khan launches Property Licence Checker for tenants "The Mayor of London, Sadiq Khan has launched a new online tool to search if a landlord has licensed a rental property and announcing tenants could be owed thousands of pounds in rent repayments if their landlord has failed to obtain the correct licence. If a landlord does not hold the correct property licence, they may be subject to enforcement action from the local council, but the Mayor says implications for London tenants are also significant: Section 21 ‘no fault’ eviction notices are invalidated, and they may be entitled to a Rent Repayment Order requiring a landlord to pay back up to 12 months’ rent. The current average rent in London is around £1,425 per month, meaning a year’s worth of repaid rent would come to more than £17,000." https://www.property118.com/sadiq-khan-launches-property-licence-checker-for-tenants/ Lolz 🤣 A cold front from the west today. Quote Link to comment Share on other sites More sharing options...
ubuntu Posted November 19, 2020 Share Posted November 19, 2020 this tool is for HMO licensing i believe Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.