UK Property Just Changed FOREVER

Landlords have been scared stiff ever since labour were elected, because a labour government usually means harsher conditions for investors.

But now the guessing game is over because labour just revealed their big plans for the UK Property market.

And they announced some big changes that could be the final straw for some landlords.

So in this video I am going to explain what labour plans to change and what impact they will have on UK housing.

Specifically we are to look at the UK rental reform policies that labour are considering such as no fault evictions.

[polfig]

So the small landlords will sell, and we'll end up with big companies owning rental properties and controlling the market.

[marianhunt]

Won't the large investors just swoop in and buy up all those small investor homes once they panic and sell? Perhaps that is what they want.

[mrgladstone]

I have never put up rent on an existing tenant. I have had one 15years and another 12years. As I have no mortgages and find it hugely time consuming finding the kind of decent tenant I want I stick with people.. So, long termers are happy with low rent and I am happy with people I get on with. So speaks a hands on landlord that doesn't use an agency and is a DIY man and wife team.

[Sanchyfab]

Tax and insurance rate increases seem to be pushing investment homes back onto the market.
All the profit from holding a rental property are being sucked away. Without cash flow, you'll be eager to get rid of the property now, while the prices are still relatively high.

[CameronFussner]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[live_monkey]

I had a landlord about 10 years ago. Nice chap. Helped me to kit the place out and get it looking more modern. Not all landlords are sith lords, and this will just scare away the good ones and attract the greedy ones (e.g. big corporations)

[justalitttleun]

This is all about pricing out the independant landlord and moving the housing stock under the control of government and large corporations "private public partnership"

[simonfisher]

We got someone out on a section 21 last year. It took 9 months start to finish. The bailiffs told us (by the time we got them) that in those 9 months, things had gotten even worse and the courts were now taking a year. You need to experience the system to realise just how screwed it is. The courts are completely broken.

[PeterPanQuails]

A renters database should also be setup so that landlord can check if the renter has a bad history of not paying rent or not looking after the property well.

[BurnIt]

As a landlord my biggest challenge here is the 3 months rent arrears before I can even serve a notice. Totally Ridiculous

[macc]

Great assessment, but I fear landlord will have to more selective on tenants they select, require bigger guarantors and increase rents to cover the possibility of larger losses if non payment arises . Renters are also going to be hit hard !

[grimsbyhackney]

This is a brilliantly balanced video that looks at all the issues in a reasonable manner. It makes such a massive change from all the usual, frothing at the mouth type rants, you mostly see from landlords. Well done.

[TheFatController.]

What will happen? The rental stock will massively decrease and tenants will complain. I'm not sure what the end goal is here.. perhaps they're clearing the way for blackrock to buy up residential property?

[paulmonkcom]

You've missed one rather f_ugly loophole that will benefit the Tenant who wishes to get away without paying much rent at all. The case where Tenants get into rent arrears into the 13th consecutive week of paying no rent, can then pay a small amount of rent to frustrate the legal system and trigger a fresh 13 weeks cycle. There is nothing to stop this going on ad infinitum, costing the Landlord legal fees each they try to take legal action to evict after 12 weeks of no rent. Labour are CLUELESS. I am getting scared. HELP 8~(

[MRCL-]

There just needs to be accountability and transparency. Bad landlords should be banned from letting properties and bad tenants should have to have strict conditions in place before they can rent.

[bluecalcite]

My landlord refuses to do anything in the house. Single glazing windows, mould in the bathroom and falsified records of the condition of the property. Housing is difficult where I live. My landlord put the rent up when the last bill was introduced, he gave me no notice and put it up by 15% but he was wanting the 15% transferred into a separate bank account. When we questioned this he said if we do not accept he will sell it to another landlord within his company and we will be evicted. Our lawyer dealt with it and we never heard from him since.

[ANIA]

I have invested in 3 rental properties in England and the amount of work and the risk is not worth it. From this year I’m going to invest abroad instead

[b_altmann]

The main improvement is that a landlord can’t give notice any more randomly only because a tenant wants them to do something about rising damp or something else being broken. In Germany for example you can reduce rent payments according to the affected percentage of the property.

[sammuslu]

I was a landlord for 12 years renting out 2 flats in kent, i sold them both it was the biggest headache ive ever had, never again

[hustlinmagic]

The big problem is actually going to be the 2 month minimum stay for tenants. You could end up having to look for new tenants several times a year, void periods would end up being a huge issue. Add the costs of finding the new tenants and it makes things almost impossible for most.