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Post by Patrick on Dec 5, 2008 9:26:05 GMT
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Post by riotgrrl on Dec 5, 2008 18:09:20 GMT
Buy to let landlords can fuck off so far as I'm concerned.
If they want to be entrepreneurial capitalist types, then they have to learn that the market can go down as well as up . . .
We did a bit of the letting stuff when Gothboy moved in with me, and pretty soon decided that, profitable as it was (i.e. marginally profitable) the hassle wasn't worth the money.
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Post by swl on Dec 5, 2008 21:24:58 GMT
On the other hand, we rent a house from a 'buy-to-letter' and I'm really worried he's going to jack the rent up. Plus, if he defaults on his mortgage and the bank repossesses, where does that leave us?
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Post by riotgrrl on Dec 6, 2008 10:09:14 GMT
On the other hand, we rent a house from a 'buy-to-letter' and I'm really worried he's going to jack the rent up. Plus, if he defaults on his mortgage and the bank repossesses, where does that leave us? selling The Big Issue mate . . sorry. |
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Post by Patrick on Dec 6, 2008 14:28:02 GMT
On the other hand, we rent a house from a 'buy-to-letter' and I'm really worried he's going to jack the rent up. Plus, if he defaults on his mortgage and the bank repossesses, where does that leave us? Send him a Christmas Card with a copy of the Government's new guidelines in, and a helpful "Just in case" written across it.  Seriously though, There does seem to be a genetic "Them and Us" thing twixt landlords and tenants. When (as an ex-tenant myself) I feel it ought to be the other way around! A great proportion of private tenants are working individuals who may well be in a better financial status than their landlord! - How else could they afford the extortionate rent! Do you have an agent you refer to SW? Perhaps you could "Off the record" broach the subject with them - if you think you can trust them? Or, if they are doing their job properly and responsibly? In a way - it's your right to know, how stable your position is. it's probably writ large in the lease documents somewhere under "Landlord obligations". One thing I heard this morning which I think is a damn fine idea - and takes into account what I just said - is that the lender cuts out the middle man (the landlord who "cannot keep up repayments on his mortgage") and goes directly to the tenant and say - "Your landlord is up the Swanee - We will happily pick up the rent from you directly - cos it's no point in paying your landlord he'll only go and spend it! Until the end of your current tenancy agreement ends so you can find alternative accommodation" Apparently (Or from what I gather) this is something that the Government is looking into. |
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Post by housesparrow on Dec 11, 2008 11:12:48 GMT
On the other hand, we rent a house from a 'buy-to-letter' and I'm really worried he's going to jack the rent up. Plus, if he defaults on his mortgage and the bank repossesses, where does that leave us? Tenants on an assured shorthold tenancy (and just about all of private tenants are these days) are always vulnerable. Living with this kind of insecurity offers no incentive to spend money on a home, knowing yu can be booted out at the end of six months or whatever. But if the rent was covering the mortgage before, I don't see why it can't now. |
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