'Tories delay ban on no-fault evictions again in 'grubby deal' with MPs who are landlords'.

I've been waiting for something like this.

1 in 5 tory MPs make money from residential property.

They have no shame, but the game is surely up.

So no protection for a landlord. Check the facts on debtors who refuse to pay, wreck the drum and cause total heartbreak with no comeback. Many of the landlords are people using the rent as an income to survive. Yes there should be a time line for good renters but how long?
If a landlord wants to sell up what would happen. These are reasonable questions that the MPs are probably asking. Many might be landlords but are also millionaires who don’t need a rental to survive.

I am a landlord who depends for part of my income in retirement on the rent I get.

Remember this is about “no fault” evictions. Those who don’t pay or trash your place can still be evicted and the proposed legislation includes provisions to make that easier. The problem being this necessitates court action for which there are log jams of which unscrupulous tenants are only too aware.

It’s having to use the current court system which is the problem.

For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally.

Rishi Sunak is removing the cap on bankers' bonuses which were implemented in the wake of the banking crash to prevent reckless gambles.

Now that the caps are being removed, the reckless behaviour is being encouraged, which will mean more hits to your pension funds, as well as higher costs of borrowing when the government has to bail them out again.

This is actually Truss territory, well great.

It was Sunak who helped bring down RBS leading to the crash, making himself rich at the expense of everybody else.

As he and his government are doing all the time.

What the correct balance is between landlord and renter I wouldn't know. I'll say that property rights are very important....while also recognising that wealthy people shouldn't be able to abuse the housing stock situation on a frigging crowded island.

I think that's my main annoyance with the whole situation....the housing stock.

It's been over a generation's worth of politicians not doing their job.

They have increased the population massively (which I obviously disagree with) but if you were going to do that the infrastructure needed to keep pace. This was not done and the media did not hold any of them to sufficient account.

Just as when your standard of living goes down when your wage rises fall below inflation the chances of the next generation to own their own home goes down when population number outmatches housing growth.

I'll stop now because I just get angry the more I think about it.....Sold the young people down the tube for their own selfishness in just about every metric you can think of.

Edited by Stirlingsays (25 Oct 2023 4.54pm)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

Whatever the LTV %, it doesn't change the value of the asset, which is the 'few hundred thousand pounds' I talked about.

I've never understood the argument that if landlords sell up, it's bad for tenants - the house doesn't just disappear; it's either sold to another landlord and can still be rented, or it's sold to an owner-occupier.

If another landlords sell, prices come down, and more tenants can stop paying someone else's mortgage and start paying their own.