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E T

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This might work quite well if it linked into the offer being binding. If you provide the information up front and then someone offers on it then that should be an agreed deal and could stop those (unscrupulous) people that leave it right to the last minute and then say they want a reduction in price, knowing most will agree because you've already spent so much time and money (and emotion!) getting to the point where you are about to exchange! Of course, the biggest delay in house buying lately has been the conveyancing so lets add more work and slow everything down even more.

From: E T 25 March 2024 09:25 AM

Isn't it right that a tenant pays a higher cost than the mortgage costs? That isn't comparing like for like in my book. When charging rent a landlord takes into account costs for Landlord insurance, the mortgage, the wear and tear/repairs, ongoing administration, gas safety, electrical safety, and so on. A tenant pays a monthly fee for these which is called rent. A home owner pays each of these costs separately as they occur - if you total them I'd be surprised if it was significantly different. I know that some years I make a profit and some years a loss but it all works out about a 4% yield which covers my time and investment risk. I always try to encourage my tenants to buy their own home but a lot of them like the fact they don't have to worry about all the incidentals, they have a monthly cost that they know up front and just call me if there's any repair or redecorating needed. In 12 years I have put the rents up once during a tenancy and that was last year by £20 a month which was equivalent to a 3% rise. All my tenants are happy and I have only one couple that regularly fail to pay the rent - but they manage to have Netflix, a new iphone each, new scooters, go on holiday, go out drinking weekly, have take-away every time I'm round there and have two cats (one of which without permission) so forgive me if I don't believe their cry of "can't pay".... And don't tenants already have the right to challenge a rent increase if they consider it unreasonable?! My dad is currently evicting a benefits tenant as he is selling up (thanks to Shelter et al) - the rent was so low on that property that even the 'we buy any house' type places wouldn't buy with the tenant in situ and the tenant is finding it very difficult to find anywhere comparable for even double what he was paying... the council have offered him and his four dogs (without permission) a bedsit but told him to stay put until he is evicted, and actually told us that they hadn't even looked at his case since June! So now he's going to have an eviction notice against him, no landlord reference (are you kidding), 4 dogs and on benefits - how's he going to find somewhere? But of course it isn't Shelter/Gen Rent etc's fault for all their landlord bashing, increasing costs, and making it so difficult that Dad is now selling up, it's the nasty landlord of course! We are also considering selling up - the EPC C thing will be the nail for us if it definitely comes in as Victorian terraces are almost impossible to raise to a C. (According to our EPC man everyone will get an exemption... if that's the case, what's the point!) The yield now is about the same I can get for keeping the cash in the bank and I don't get any aggro for that!

From: E T 23 September 2022 10:38 AM

Same, here - five Victorian terraces that are really going to struggle to get to an EPC of C so if it does come in, we will be selling up too. We tried to keep the rents low as it was still a good yield for us, but had to put the rent up because, believe it or not, when we advertised at a lower rent we didn't have any applicants! Since then the mortgage company now checks the rents and recently we tried to sell one property with a sitting tenant but couldn't because his rent was too low for anyone to consider it - even though we were asking quite a low price for the house so we didn't have to evict an elderly man with dogs... unfortunately he has now been given notice as we need to sell and the council won't help him because of the dogs!

From: E T 22 June 2022 11:42 AM

I just wonder why she is moving so often that she has had to rehome 3 cats already and is already concerned about moving again? In 12 years of being a landlord of multiple properties, I haven't had to evict a tenant yet (although one moved out just before they were to be issued a section 8 ASB to be fair) If they keep the house nice, stick to the rules, pay the rent and aren't difficult to deal with (re inspections, safety certs etc) why would you?

From: E T 26 April 2022 10:32 AM

David Edmunds - here's one! In 10 years we have only ever put rents up when we have needed to - and then it was by £10 a month (for a tenant that had been in the property for 8 years) which is significantly below inflation. That particular tenant is now paying half the cost of rents locally. In future I will HAVE to put the rents up if the legislation keeps increasing as I am now only just breaking even. But of course we are all tarred with the same brush...

From: E T 14 December 2021 14:02 PM

Our tenants have our contact details, and I encourage them to use them whenever there is even a minor issue - would rather get it sorted sooner rather than later. As Bernard Brandon said - I was always told that they had to be issued a Section 48 notice - and I make sure that our tenants are issued this (email and hard copy), and they sign to say they have had it. Some tenancy agreements also include a Section 48 notice. The more concerning aspect of this article is the section where they ask tenants what documents they received - we have a standard pack of documents (which is about an inch thick now!) and we email these to the prospective tenants at least a week before they sign the tenancy, then we give them hard copies on the day and go through each and every one with them - often with check-in taking well over an hour now with Right to Rent, inventory, How to Rent, various safety certificates and 'how to' guides, tenancy agreement and so on - but still I have had a tenant recently tell me that she never saw the inventory (although her and her Dad spent a 40 minutes going round the property checking it all), and she said she never received a big pink folder full of things like the gas safety certificate, manuals for appliances, etc... she has had them, and she had them emailed to her, and she signed to say she had had them at check-in- and I have re-sent them again recently on email, which she replied to - but still claims she has never seen them! Some tenants have selective memory on things like this. Asking a tenant what they received isn't necessarily going to give an accurate picture.

From: E T 14 November 2021 12:05 PM

Wonder if they are more trustworthy than our council - who promised the same and delivered nothing but bad tenants, and broken promises!

From: E T 18 September 2021 11:10 AM

The council will argue on amount deducted - if you are lucky! Our council just flatly refused to help at all, told the tenants to stay put, denied receiving the signed bond or that there was a bond in place at all, denied the state of the property when the tenant 'did a runner' owing thousands and refused to pay rent to us directly allowing him to incur thousands of debt... and this was all way before the pandemic. Nope, I won't trust our council again.

From: E T 21 April 2021 10:40 AM

Horsey was sentenced to nine months’ imprisonment suspended for 18 months, required to complete 100 hours of unpaid work and 25 days of rehabilitation activity, and required to sign the sex offenders register.”

From: E T 09 November 2020 09:47 AM

SO much I want to say about this - but what's the point. All good Landlords know the position, bad landlords don't care, that awful so-called charity that causes more harm than good jumps up and down throwing a hissy fit tarring everyone with the same bad-brush so the government punish those that are trying to do the right thing. The bad landlords still don't care so carry on as they were, but more and more good landlords are leaving the sector because business is untenable... yes I can see how this is going to help!

From: E T 29 June 2020 10:44 AM

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