Jump to content
House Price Crash Forum
Sign in to follow this  
chichi

Evictions

Recommended Posts

Evictions because HB will be paid to tenants and not the landlord.

Some private company is evicting loads of people

http://www.nwemail.co.uk/news/viewarticle.aspx?id=799766

Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets.

So what will they do?

(a) Find new employed tenants?

(B) Pull the place down and build more flats?

The area is here

http://maps.google.co.uk/maps?f=q&hl=e...158272&z=13

Share this post


Link to post
Share on other sites
Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets. So what will they do?

Build a dockyard? ;)

Share this post


Link to post
Share on other sites
Ship Street Properties has served three months’ notice on about 140 tenants in Ship, Brig, Barque, Schooner, Sloop and Steamer Streets.

So they are up ship creek without a paddle?? lol

Sorry :blink:

Share this post


Link to post
Share on other sites

When the rent is payed to the LL they are guaranteed their income each month. And many councils only use LLs that attend certain courses and are affiliated to the correct organizations. It's not such a bad deal for the taxpayer once you accept that the root cause of the problem is the homeless tenants.

If the tenant is given the rent, they are still obliged to use it for the rent only, but they are now able to rent from any private LL, thereby opening up their options tremendously. This might seem like a nice thing to do - but most tenants have zero financial accumen. Suddenly, these tenants with choice have become a big risk and the LLs are doing the correct thing financially. The risk profile has changed and they need to spread that risk amongst the other LLs in the area or they will get wiped out very quickly.

Edited by dellboy

Share this post


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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 297 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.