STOP The War On Landlords
With the housing and rental crisis getting worse by the day,
the UK government must cease its war on private landlords and restore the
balance of power.
Housing charities, such as Shelter and The Big Issue are
calling on the government to end ‘no fault evictions’ and put a cap on rents,
all of which is adding to landlord anxiety and causing thousands to quit the buy-to-let
market.
·
Almost 1 in 7 had their rent increased in the
last month
·
Of the 3.5 million private tenants who had their
rent increased over 800,000 saw it rise by more than £100 a month, and nearly
200,000 by more than £300 a month
Almost 2.5 million renters are either behind or constantly struggling to pay
their rent
·
1 in 3 spend at least half their household
income on rent
Source: Shelter
The government has introduced a raft of new ant-landlord legislation
and red tape for private landlords including:
·
Section 24 tax hike on rental businesses holding
propertied in individual names
·
Tenant Fee Act
·
More tests such as electrical inspections and
Legionella tests
·
Renters Reform Bill, which will end Section 21 ‘no
fault evictions’ and give tenants more rights
Meanwhile, the crisis is leading to record rent highs and
creating a massive shortage of properties.
As predicted, the war on landlords is backfiring on the
government and tenants and landlords are paying the price.
The Bank of England’s hammer blow interest rate hikes (to
stop the inflation they help create through money printing on an industrial
scale) have added another nail ‘in the coffin’ to the buy-to-let property
model.
More pain to come for borrowers and mortgage holders as both
the Fed and ECB raise interest rates by 0.25% this week, a record high for the
European Central Bank.
Will the Bank of England follow at their upcoming meeting?
Landlords are switching to other rental models, such as
Serviced Accommodation, company lets and holiday rentals, in order to in many
cases substantially increase rental returns, bypass Renters Reform legislation
and Section 24 tax changes and help them survive higher interest rates.
See also:
Landlord - Serviced Accommodation V Buy-to-Let Property
Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK:
Serviced Accommodation, Holiday Letting, and HMOs
See: – Transfer Property Into A Limited Company
Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA
If you would like more information and an assessment on letting your property hassle
free, hands-off with FULL MANAGEMENT using the serviced accommodation
model, email southherts@localagent.co.uk
with your property details and location.
3 Steps To Success Money Management!
I want to help you get control of your money, learn how to
invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register now below to avoid
disappointment.
#interestrates #property #mortgages #remortgage
#mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth #bankofengland
#inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental
#airbnb #booking.com #buytoletlandlords
No comments:
Post a Comment