Jump to content
House Price Crash Forum

Recommended Posts

I would tax them all into oblivion - all they do is leech off hard working productive young people priced out like nurses or carers or leech off the taxpayer in respect of those on low incomes or benefits. Councils or first time buyers can get them on the cheap thus providing secure long term housing for a family or young person.

I had a neighbour opposite in my block who was a nurse a couple of years ago - her landlord wanted to put her rent up by £150 a month and she couldn't afford it so she had to move out. There is a special place in hell reserved for that landlord!

Link to post
Share on other sites

BTL is a commercial arrangement, so courts will look on this with a hard nose.  If lenders get really nervous, they'll create a pre-packaged repo route (think mechanical slaughter house for BTL scumlords)

 

Key take away is here (my highlighting)

"Even more ominously, the firm says that for many landlords, who are already entering month 10 of no rental income following the earlier eviction bans, these further delays could prove a bridge too far. 

Te goodwill of mortgage lenders will only stretch so far. Without further government support or regulation, we anticipate an increase in the numbers of banks taking possession of buy to let properties, either through the courts or via Law of Property Act receivers. "

 

Quick us Entrepreneurs are being 'rapped' - give us more props

Link to post
Share on other sites
 

I would tax them all into oblivion - all they do is leech off hard working productive young people priced out like nurses or carers or leech off the taxpayer in respect of those on low incomes or benefits. Councils or first time buyers can get them on the cheap thus providing secure long term housing for a family or young person.

I had a neighbour opposite in my block who was a nurse a couple of years ago - her landlord wanted to put her rent up by £150 a month and she couldn't afford it so she had to move out. There is a special place in hell reserved for that landlord!

...anonymous tip to HMRC for 'suspected undeclared rental income'  HMRC Fraud Hotline

Has S24 been removed now?

Link to post
Share on other sites

Wont anyone think of the accidental landlords who:

  • accidentally tried to sell their own home but couldn't
  • accidentally arranged to buy a 2nd home even though the first wouldn't sell
  • accidentally arranged a mortgage on the 2nd home based on equity from the first
  • accidentally signed all the paperwork
  • accidentally appointed a letting agent
  • accidentally forgot to tell the mortgage company they were letting it out
  • accidentally took the money every month.

Those poor accidental land lords.

Link to post
Share on other sites
 

Wont anyone think of the accidental landlords who:

  • accidentally tried to sell their own home but couldn't
  • accidentally arranged to buy a 2nd home even though the first wouldn't sell
  • accidentally arranged a mortgage on the 2nd home based on equity from the first
  • accidentally signed all the paperwork
  • accidentally appointed a letting agent
  • accidentally forgot to tell the mortgage company they were letting it out
  • accidentally took the money every month.

Those poor accidental land lords.

Have you been involved in a BTL purchase that wasn't your fault?   Call our specialist team at 'F*** off and Pay'

Link to post
Share on other sites
 

I would tax them all into oblivion

All that needs to happen is to remove the unfair props which made their "business" model viable in the first place. S24 has gone a long way towards this and the effects are coming down the track like a proverbial freight train.

Link to post
Share on other sites
 

All that needs to happen is to remove the unfair props which made their "business" model viable in the first place. S24 has gone a long way towards this and the effects are coming down the track like a proverbial freight train.

To do that means the people in power lose money.

This is why we are where we are.  It's collapse or nothing.

The railway mania played out the same way.  

This is the house price mania.

It's gone well beyond a just a bubble.

Link to post
Share on other sites
 

Funny how most of the landlords in the comments are against such a register being adopted. Using the usual excuse that it will increase rents. 

Link to post
Share on other sites

A sign of the moral hazard in the system. I mentioned this to a couple of boomers I know

 

 Actually decent people. They were genuinely surprised that repossessions were a thing any more, for residential or BTL!?!

Link to post
Share on other sites
 

Funny how most of the landlords in the comments are against such a register being adopted. Using the usual excuse that it will increase rents. 

A fricking taxi driver has more rigorous checks than a landlord. I worked in a college for a professional services company and had to be CRB checked, even that was more than a landlord gets. 

Call me old fashioned and principled but if people depend on you for a roof over their head they should be given some assurance that you're an upstanding citizen and solvent. 

Link to post
Share on other sites
 

A sign of the moral hazard in the system. I mentioned this to a couple of boomers I know

 

 Actually decent people. They were genuinely surprised that repossessions were a thing any more, for residential or BTL!?!

Now that, is a sign of the times.

No one wants to find out what houses are actually worth.

Link to post
Share on other sites
 

A fricking taxi driver has more rigorous checks than a landlord. I worked in a college for a professional services company and had to be CRB checked, even that was more than a landlord gets. 

Call me old fashioned and principled but if people depend on you for a roof over their head they should be given some assurance that you're an upstanding citizen and solvent. 

Social housing should be done by society as a whole, otherwise remove housing benefits and have a free for all.

Link to post
Share on other sites
 

A fricking taxi driver has more rigorous checks than a landlord. I worked in a college for a professional services company and had to be CRB checked, even that was more than a landlord gets. 

Call me old fashioned and principled but if people depend on you for a roof over their head they should be given some assurance that you're an upstanding citizen and solvent. 

Aye, same with SIA, which requires a week long (full or part time course). Which makes me laugh as you're basically being trained to look after a building and the people in it but no such course for landlords.

Security guards are also seen as unskilled labour too, not as 'professional' as landlords. 

Edited by spacedin
Link to post
Share on other sites
 

Round all BTL landlords up and line them up for the firing squad. Problem solved

No, worse than that, let Mr Market have his way with them. If you shoot them then their places would be taken by the next load if idiots; allow Mr Market publicly rob them of their wealth and credibility and nobody will want to go near BTL for a generation or two.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 439 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.