Saving For a Space Ship Posted October 23, 2021 Share Posted October 23, 2021 Government pledges £65m to help vulnerable renters in arrears in England Landlord and homelessness organisations say funding not enough to cover estimated £300m in Covid rent debts https://www.theguardian.com/society/2021/oct/23/government-pledges-65m-to-help-vulnerable-renters-in-arrears-in-england Quote Link to comment Share on other sites More sharing options...
Debt Slaves Posted October 23, 2021 Share Posted October 23, 2021 Looks like they want more of our taxpaper money to cover their investments fully. Perhaps people should move to cheaper accommodation or landlords should reduce their rents?...oh wait, landlords seem to be fully protected by the government. Furlough, kept them getting paid and maintained their rates during the pandemic. Snippet from the article To prevent homelessness in the first place, we desperately need the UK government to ensure that housing benefit covers the true cost of renting by unfreezing the Local Housing Allowance.” Chris Norris, policy director for the National Residential Landlords Association, said: “It is great news that those households worst hit by Covid-related arrears may be able to access financial support. However, £65m does not fully reflect the scale of the problem. NRLA analysis has put the figure of Covid rent debts at over £300m. “With warnings that rent debts could pose a risk to the economic recovery and the government admitting that many landlords are highly vulnerable to arrears, the chancellor must go further.” Quote Link to comment Share on other sites More sharing options...
Timm Posted October 23, 2021 Share Posted October 23, 2021 The bailout of the rentiers... Quote Link to comment Share on other sites More sharing options...
ElPapasito Posted October 23, 2021 Share Posted October 23, 2021 Jesus Christ. This headline should read Govt pledge £60m bailout to landlord mates. If they really wanted to help indebted renter's they would change the law on security of tenure. Something like... Tenant: Sorry I'm broke and can't pay rent. Landlord:. Then I'm chucking you out. Tenant: Haven't you kept up with the new law that nice Mr Johnson pushed through parliament against strong Tory backbench resistance to support struggling renter's? Landlord:. Er... No... Tenant:. So before you evict me you have to discuss if there is a lower affordable rent that we can agree on. If not, we have to submit our details to the newly formed Rental Sector Commission. They means test me and look at the property characteristics and market rents in the area and set an affordable rent for the next 18 months. Landlord: But I'll go bankrupt! Tenant:. Don't worry you can sell out at any time to the local Rent To Buy Cooperative created by the same legislation with me as sitting tenant and they'll work with me over the next 25 years to combine rent and purchase payments so the house ends up as mine. But I'm not sure you'll like the price they'll offer. Landlord:. So I'll sell privately Tenant:. You'll take a massive hit on price given the low rent sitting tenant. And that will set the local market towards tumbling prices, so please do do that. Landlord: Arrrgh. Quote Link to comment Share on other sites More sharing options...
Former postman Posted October 23, 2021 Share Posted October 23, 2021 Sounds like a bailout for landlords, no? Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted October 23, 2021 Author Share Posted October 23, 2021 Nearly 4 million low income households in arrears on their bills, charity finds Our latest analysis has found that 3.8 million households are in arrears with household bills, totaling £5.2bn. https://news.sky.com/story/nearly-4-million-low-income-households-in-arrears-on-their-bills-charity-finds-12439916 Quote Link to comment Share on other sites More sharing options...
coypondboy Posted October 23, 2021 Share Posted October 23, 2021 1 hour ago, Postman said: Sounds like a bailout for landlords, no? especially slum landlords who specialise in housing the poor by offering the cheapest rents in houses unfit for human consumption. We have a local one in our area a Jewish chap who owns 2000 properties he lives in a huge mansion in sandbanks so will be looking forward to his money from the govt. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted October 23, 2021 Share Posted October 23, 2021 4 hours ago, Postman said: Sounds like a bailout for landlords, no? Of course - the money goes to the landords not the renters. Just like our wider £25bn housing benefits bill. Quote Link to comment Share on other sites More sharing options...
Trump Invective Posted October 23, 2021 Share Posted October 23, 2021 5 hours ago, ElPapasito said: Jesus Christ. This headline should read Govt pledge £60m bailout to landlord mates. If they really wanted to help indebted renter's they would change the law on security of tenure. Something like... Tenant: Sorry I'm broke and can't pay rent. Landlord:. Then I'm chucking you out. Tenant: Haven't you kept up with the new law that nice Mr Johnson pushed through parliament against strong Tory backbench resistance to support struggling renter's? Landlord:. Er... No... Tenant:. So before you evict me you have to discuss if there is a lower affordable rent that we can agree on. If not, we have to submit our details to the newly formed Rental Sector Commission. They means test me and look at the property characteristics and market rents in the area and set an affordable rent for the next 18 months. Landlord: But I'll go bankrupt! Tenant:. Don't worry you can sell out at any time to the local Rent To Buy Cooperative created by the same legislation with me as sitting tenant and they'll work with me over the next 25 years to combine rent and purchase payments so the house ends up as mine. But I'm not sure you'll like the price they'll offer. Landlord:. So I'll sell privately Tenant:. You'll take a massive hit on price given the low rent sitting tenant. And that will set the local market towards tumbling prices, so please do do that. Landlord: Arrrgh. Will copy and paste this if it's ok, in case I need to have a certain discussion with the LL! 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.