Monday, Jul 27, 2020

The tune has changed rapidly, hasn't it?

Torygraph: Landlords losses to hit £5.7bn by 2024 – four times those of the 2008 financial crash

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Rents expected to 'plunge' 5% bringing them back to where they were just a few years ago. The only significant cost increase that landlords have faced is taking on a bigger mortgage, which is only based on artificially high rents anyway so nothing to do here. Hopefully! ARLA et al will change their tune no doubt to ask for more handouts (LHA already bumped up without any obligation to provide a better service). They had the cheek to ask for a council tax exemption due to COVID FFS. Are they providing a valuable service to private tenants, or need support to decline what people can afford and keep properties empty?

Posted by mombers @ 01:35 PM (256 views)
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