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HomePet Industry NewsPet Financial News‘Why would anyone be a landlord?’ ‒ Star Letter 16/02/2024

‘Why would anyone be a landlord?’ ‒ Star Letter 16/02/2024

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‘Why would anyone be a landlord?’ ‒ Star Letter 16/02/2024

Each week, Mortgage Solutions and its sister title, Specialist Lending Solutions, choose the highest feedback from our readers.

This week’s first feedback come from the piece: No fault evictions to be banned by subsequent election, Gove says

Arron190 stated: “So, the ‘small minority of unscrupulous landlords’ are answerable for laws to help a a lot bigger minority of dangerous tenants inflicting many good landlords to go away the market?



“A shopper was renting to an terrible household that screamed and swore all through the night time. Both mom and father have been thugs, and the neighbours have been terrified. Under the present regulation, they discovered the proprietor, who merely stated they weren’t renewing their tenancy.

“Under the new law, they would have to put their names on the record against two thugs and hope the court case is heard in weeks and not months. Why would anyone be a landlord?”

Boris added: “They want to increase housing supply; but they have waged war on landlords. This on top of taxing rental income on turnover, instead of net profit. Truly bizarre how far to the left these Conservative governments have drifted. I never thought I would see a Liberal government in my lifetime; but here we are.”

 

‘Lack of infrastructure’ purpose brownfields undeveloped

This week’s subsequent remark is in response to the piece: Councils ordered to make it simpler to build on brownfield land

Arron190 stated: “The reason many councils resist is because of lack of infrastructure. Developers have been building for years and either defer infrastructure to post-completion of the housing or pass over cash. However, the areas can suffer problems with congested roads, lack of school places and no local doctor.”

 

Stamp responsibility is ‘iniquitous form of taxation’

The last set of feedback come from the piece: Appropriate houses will transfer dallying downsizers, not a stamp responsibility giveaway – Wilson

John Emmett stated: “Stamp responsibility is an iniquitous type of taxation and a barrier to mobility within the job market and downsizing. If the thresholds have been elevated, or the tax even distributed with, there can be a rise in turnover within the promoting and buy markets, which might profit all.

“Downsizing was an choice 10 to fifteen years in the past, however not. In this a part of the world, close to the ocean and New Forest, when a bungalow comes onto the market, invariably, they’re bought by builders.

He continued: “Next, it’s stripped, with one wall left standing after which rebuilt with bedrooms on a brand new first flooring and the bottom flooring transformed into an open plan residing area. The property then goes again available on the market. The value is commonly greater than double the worth initially paid, and given the situation close to the ocean, bought inside days. These properties are costlier than established indifferent homes simply additional again inland.

“Large old houses are pulled down and apartments built. Again, these are very expensive and not much cheaper than houses. Car parking is restricted to one space or, if lucky, a garage per apartment. Not all retirees want to give up their cars.”

 

The feedback listed here are from our readers and don’t essentially mirror the views of Mortgage Solutions and Specialist Lending Solutions.

 

Anna is a reporter for Mortgage Solutions and assistant editor for Specialist Lending Solutions, each B2B sister titles of YourMoney.com. She has labored as a journalist for over 4 years, initially within the specialty insurance coverage sector earlier than transferring onto mortgages.

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