modular homes

[Vinpetrol]

Jesus you lot like landlord bashing. I feel too guilty to even comment on some of the crap you are all sprouting!!
Any government intervention in any market has consequences. The changes to S21 will drive a lot of landlords out of the market, selling up to however can now afford the 5% mortgage rates….whilst pushing up rents in the smaller pool of properties available.
We don’t have sufficient social housing in this country and are not prepared to undertake building them. Our housing planning policies are all ready a hidden tax on the land owners with some site providing 40 to 50% of the land for social housing.
But let’s look at Lloyd’s bank Private Rental Scheme. Just purchased 100 houses on a site local to me on a development on 450. They won’t pay the additional stamp duty tax as they are exempt. They will still claim interest relief on the money as they are not a personnel tax payer. Are they worried about S21 being abolished. NO. The right to evict for non payment still stays.
I speak for many landlords that are not worried about the S21 changes. As we want long term paying tenants. This is all about favoritism to big corporations and the sooner you all realize the government does pretty far call for individuals apart from emptying your

It’s not about landlord bashing , its about bad landlord bashing . Low interest rates have opened the door for prospective landlording and pushed the price of affordable housing up as a consequence . Every landlord wants good long term paying Tennants , but if your a landlord that is making a living from the rent you charge over and above the BTL loan repayments when the rate goes up you either charge your tennant more and more every time the rate goes up or you sell . Either way if your the tennant neither option is going to fill you with joy.

 

[Brendan]

That's before you get to all the HMO dickheads

 

[TiltyShaun]

It’s not about landlord bashing , it’s about bad landlord bashing . Low interest rates have opened the door for prospective landlording and pushed the price of affordable housing up as a consequence . Every landlord wants good long term paying Tennants , but if your a landlord that is making a living from the rent you charge over and above the BTL loan repayments when the rate goes up you either charge your tennant more and more every time the rate goes up or you sell . Either way if you’re the tennant neither option is going to fill you with joy.

What is wrong with having a business from renting out housing. I am not a charity. There is ultimately a market going rent. Personally my long term tenants are currently not paying that but they have been warned that they will be by December next year as I fear rent controls. I have been happily bumbling along with lower than market rents but the government action makes me want to be at least where they should be hopefully before the next election. And that is as a consequence of the government action which is predominantly anti small landlords. Do you think Lloyd’s and the others joining the party will be tolerant of below market rents?

 

[Vinpetrol]

What is wrong with having a business from renting out housing. I am not a charity. There is ultimately a market going rent. Personally my long term tenants are currently not paying that but they have been warned that they will be by December next year as I fear rent controls. I have been happily bumbling along with lower than market rents but the government action makes me want to be at least where they should be hopefully before the next election. And that is as a consequence of the government action which is predominantly anti small landlords. Do you think Lloyd’s and the others joining the party will be tolerant of below market rents?

Where would you ever run a decent business like a house of cards ? It might be a way of making quick money if your timing is right but you can’t argue it’s morally right or good for Tennants . It’s only in existence because of the lack of decent Accomodation and an increasing population coupled with as doobin stated long term low or no interest rates . I don’t know about the Lloyds case but I have an aunt who lives in Hammersmith west London she has lived for at least 60 years in the Guinness trust estate buildings . This is part of a big housing group set up at the turn of the century along with loads of other estates like it . Peabody being one . It’s brilliant . It’s been modernised over the years and the rents always been affordable . My point is it doesn’t really matter who the landlord is so long as they are reasonable and fair . If your loosing money on your investment your not likely to be either .

 

[TiltyShaun]

Where would you ever run a decent business like a house of cards ? It might be a way of making quick money if your timing is right but you can’t argue it’s morally right or good for Tennants . It’s only in existence because of the lack of decent Accomodation and an increasing population coupled with as doobin stated long term low or no interest rates . I don’t know about the Lloyds case but I have an aunt who lives in Hammersmith west London she has lived for at least 60 years in the Guinness trust estate buildings . This is part of a big housing group set up at the turn of the century along with loads of other estates like it . Peabody being one . It’s brilliant . It’s been modernised over the years and the rents always been affordable . My point is it doesn’t really matter who the landlord is so long as they are reasonable and fair . If your loosing money on your investment your not likely to be either .

I certainly agree on reasonable and fair. I think there is alway a place for private rented accommodation.
What is certainly clear is that there is a housing crisis. The reasons for it are many and varied. I grew up on a council estate and never wanted to live on one again. But the estate I grew up on is now predominantly privately owned which is thanks to Thatcher. Great idea. Problem is councils now want to own industrial estates and supermarkets for the return rather than social housing. The reality for them is Sainsburys can be relied on to pay!!

 

[Vinpetrol]

I certainly agree on reasonable and fair. I think there is alway a place for private rented accommodation.
What is certainly clear is that there is a housing crisis. The reasons for it are many and varied. I grew up on a council estate and never wanted to live on one again. But the estate I grew up on is now predominantly privately owned which is thanks to Thatcher. Great idea. Problem is councils now want to own industrial estates and supermarkets for the return rather than social housing. The reality for them is Sainsburys can be relied on to pay!!

We should have learned quicker from the lessons of the fifties and sixties built housing estates that became problem areas and built smaller ones intermingled in with private housing but much more of them . Local authority’s need to get back to the basics doing what we pay them for and doing it properly instead of investments etc

 

[Brendan]

I certainly agree on reasonable and fair. I think there is alway a place for private rented accommodation.
What is certainly clear is that there is a housing crisis. The reasons for it are many and varied. I grew up on a council estate and never wanted to live on one again. But the estate I grew up on is now predominantly privately owned which is thanks to Thatcher. Great idea. Problem is councils now want to own industrial estates and supermarkets for the return rather than social housing. The reality for them is Sainsburys can be relied on to pay!!

But a lot of their tennants are paid for by themselves, if they stopped doing commercial properties and built themselves cheap housing they would save money in the long term, maybe even more than the net income on commercial.
Unfortunately the councils can't organise sweet fa. I know someone who has 4 flats all rented out to a company who pay him regardless, if someone is in them or not, they manage council emergency or problem people. They do the odd bit of damage or have police breaking in but the company covers the costs. No idea how much the company charges the councils but as they have a few places throughout the county and probably elsewhere they must be making some good .iney to make it worthwhile.
Wasn't there a council who recently revealed they had lost millions on a waterpark or holiday place investment, where they behind closed doors swapped from repayments to shares which are now pretty much worthless

 

[Vinpetrol]

But a lot of their tennants are paid for by themselves, if they stopped doing commercial properties and built themselves cheap housing they would save money in the long term, maybe even more than the net income on commercial.
Unfortunately the councils can't organise sweet fa. I know someone who has 4 flats all rented out to a company who pay him regardless, if someone is in them or not, they manage council emergency or problem people. They do the odd bit of damage or have police breaking in but the company covers the costs. No idea how much the company charges the councils but as they have a few places throughout the county and probably elsewhere they must be making some good .iney to make it worthwhile.
Wasn't there a council who recently revealed they had lost millions on a waterpark or holiday place investment, where they behind closed doors swapped from repayments to shares which are now pretty much worthless

Yes that was mentioned on the forum . No recall or investigation either

 

[Smiffy]

We should have learned quicker from the lessons of the fifties and sixties built housing estates that became problem areas and built smaller ones intermingled in with private housing but much more of them . Local authority’s need to get back to the basics doing what we pay them for and doing it properly instead of investments etc

Local authorities are utterly useless. Our local boroughs are being merged to try and solve some problems. Seen talks of some counties merging too. And this week in the news is Michael Gove have told them to sort out their planning departments or they will loose them and the planning inspectorate will take control

 

[Lancs Lad]

Local authorities are utterly useless. Our local boroughs are being merged to try and solve some problems. Seen talks of some counties merging too. And this week in the news is Michael Gove have told them to sort out their planning departments or they will loose them and the planning inspectorate will take control

Few years back..in town...

A Manchester council has spent more than £16m buying up commercial property in Preston

A Manchester council spent more than £16 million buying two adjacent retail units leased to Currys PC World in Ribbleton.

www.lep.co.uk

Not saying it's a bad investment but is that what we pay tax for??

 

[Smiffy]

Few years back..in town...

A Manchester council has spent more than £16m buying up commercial property in Preston

A Manchester council spent more than £16 million buying two adjacent retail units leased to Currys PC World in Ribbleton.

www.lep.co.uk

Not saying it's a bad investment but is that what we pay tax for??

They shouldn't be allowed to make investments at all simply take the money and spend it on what they are meant to. By all means build shop buildings and rent them out where they are needed by locals. But factories, warehouses, offices water parks have nothing to do with them.

 

[6feetdown]

I certainly agree on reasonable and fair. I think there is alway a place for private rented accommodation.
What is certainly clear is that there is a housing crisis. The reasons for it are many and varied. I grew up on a council estate and never wanted to live on one again. But the estate I grew up on is now predominantly privately owned which is thanks to Thatcher. Great idea. Problem is councils now want to own industrial estates and supermarkets for the return rather than social housing. The reality for them is Sainsburys can be relied on to pay!!

All council houses now in the hands of housing associations apart from a few hundred.
The problem with the houses that were sold as said money was never reinvested in newer properties.
As Bob said £1250 for rent a month is huge for the majority of people.

 

[Brendan]

Few years back..in town...

A Manchester council has spent more than £16m buying up commercial property in Preston

A Manchester council spent more than £16 million buying two adjacent retail units leased to Currys PC World in Ribbleton.

www.lep.co.uk

Not saying it's a bad investment but is that what we pay tax for??

No chance pc world is spending 280k on a retail unit a year.
Even if they are that's over 58 years to break even not including interest

 

[V8Druid]

Jesus you lot like landlord bashing. I feel too guilty to even comment on some of the crap you are all sprouting!!
Any government intervention in any market has consequences. The changes to S21 will drive a lot of landlords out of the market, selling up to however can now afford the 5% mortgage rates….whilst pushing up rents in the smaller pool of properties available.
We don’t have sufficient social housing in this country and are not prepared to undertake building them. Our housing planning policies are all ready a hidden tax on the land owners with some site providing 40 to 50% of the land for social housing.
But let’s look at Lloyd’s bank Private Rental Scheme. Just purchased 100 houses on a site local to me on a development on 450. They won’t pay the additional stamp duty tax as they are exempt. They will still claim interest relief on the money as they are not a personnel tax payer. Are they worried about S21 being abolished. NO. The right to evict for non payment still stays.
I speak for many landlords that are not worried about the S21 changes. As we want long term paying tenants. This is all about favoritism to big corporations and the sooner you all realize the government does pretty far call for individuals apart from emptying your bins.

Agree Shaun - if anything the S21 changes will make life easier to evict non paying tenants, will give good tenants more rights with regards to compelling landlords to maintain properly and should sort the wheat from the chaff, re. both s**t landlords and tenants ... will also sort all the BTL,s dabbling at it, not declaring income and failing to undertake their responsibilities.
See last night the chairman of something like the small landlords assoc. or whatever he was representing, has quit and is selling his entire portfolio of 16 properties as he really doesn't want the grief of it all .. smacks to me of a guy flying close to the wind, who realises he is about to have to actually fulfil his responsibilities properly ... jumping before he's pushed

 

[V8Druid]

But a lot of their tennants are paid for by themselves, if they stopped doing commercial properties and built themselves cheap housing they would save money in the long term, maybe even more than the net income on commercial.
Unfortunately the councils can't organise sweet fa. I know someone who has 4 flats all rented out to a company who pay him regardless, if someone is in them or not, they manage council emergency or problem people. They do the odd bit of damage or have police breaking in but the company covers the costs. No idea how much the company charges the councils but as they have a few places throughout the county and probably elsewhere they must be making some good .iney to make it worthwhile.
Wasn't there a council who recently revealed they had lost millions on a waterpark or holiday place investment, where they behind closed doors swapped from repayments to shares which are now pretty much worthless

Bluestone .... I put it up the other night .... bast**ds should be held personally responsible for the fiasco

 

[V8Druid]

Few years back..in town...

A Manchester council has spent more than £16m buying up commercial property in Preston

A Manchester council spent more than £16 million buying two adjacent retail units leased to Currys PC World in Ribbleton.

www.lep.co.uk

Not saying it's a bad investment but is that what we pay tax for??

monmouthshire the same .. buying white elephant IE,s that no one else will buy and wondering why they're all empty and what's more out of county entirely FFS

 

[V8Druid]

They shouldn't be allowed to make investments at all simply take the money and spend it on what they are meant to. By all means build shop buildings and rent them out where they are needed by locals. But factories, warehouses, offices water parks have nothing to do with them.

absolutely .... they're not even 'qualified' to be dabbling

 

[6feetdown]

But a lot of their tennants are paid for by themselves, if they stopped doing commercial properties and built themselves cheap housing they would save money in the long term, maybe even more than the net income on commercial.
Unfortunately the councils can't organise sweet fa. I know someone who has 4 flats all rented out to a company who pay him regardless, if someone is in them or not, they manage council emergency or problem people. They do the odd bit of damage or have police breaking in but the company covers the costs. No idea how much the company charges the councils but as they have a few places throughout the county and probably elsewhere they must be making some good .iney to make it worthwhile.
Wasn't there a council who recently revealed they had lost millions on a waterpark or holiday place investment, where they behind closed doors swapped from repayments to shares which are now pretty much worthless

Pembrokeshire

 

[V8Druid]

All council houses now in the hands of housing associations apart from a few hundred.
The problem with the houses that were sold as said money was never reinvested in newer properties.
As Bob said £1250 for rent a month is huge for the majority of people.

round here the council housing stock (the councils collateral against which to borrow if needed) was virtually simply handed over to HA,s to avoid the repair/maintenance costs -- so HA,s were effectively 'given' millions of pounds-worth of property, on the consensus of the tenants in them (they were polled as to their preference of landlords) .. the people who actually paid for them all in the first place, never got a say in the matter was a bloody scandal of epic proportions .. Most HA's upper management on ridiculous salaries (£100+) ... takes a fair slice out of the re-investment fund, but when they do 're-invest' they get every concession under the sun .. only ppl allowed to build on green field, agricultural land
Also as said they're getting preferential treatment on all new dev.s over 5 units and sometimes 40-50% of the site has to be allotted to the tossers .... HA,s are seriously BIG business - make no mistake - making huge profits

 

[V8Druid]

Local authorities are utterly useless. Our local boroughs are being merged to try and solve some problems. Seen talks of some counties merging too. And this week in the news is Michael Gove have told them to sort out their planning departments or they will loose them and the planning inspectorate will take control

I understand that Herefordshire is in such a mess they have contracted out most of their planning to Balfours (like WTF do they know about it), as have several other authorities contracted it out.

Monmouthshire is in melt down ... have more staff off with 'stress' than are actually working .. WTF do they have to be stressed about -- they cause more than they could ever be suffering FFS

Taking planning control out of the hands of wannabe council committees, would be the best thing to happen to the system, placed in the hands of 'professionals', removing it from the vagaries of jumped up little tin Gods who have virtually zero idea of what they're dealing with (people's lives, in most instances) and are most often influenced by 'matters' (prejudices) way outside of or beyond any planning remits or considerations ....

I have sat through and endured many planning meetings, listening to jumped up pr*cks speaking waffling/wittering on, for the sake of hearing their own voices, spout utter bullsh1t, often for 20+ minutes and say absolutely **** all of any contribution to the matters in hand, both in Monmouthshire's and BBNP's jurisdiction ... utter wan*ers, 99% of them