No doubt looking at landlords who have loans being serviced to some extent from the rental payments....either tenants not paying rent or landlords withholding property from market will see rise in defaults that can be hoovered up.
@@lozzdee6701 whilst loyal tenants buy landlord a property. 5 properties purchased on buy to ,et mortgages, make landlord a millionaire. . by selling up, market forces, will bring property values down. oh well, landlords in negative equity.
@@rockfan3299 Karteng and Truss Tanking the economy and housing market overnight. It’s funny how you can’t remember something that happened less than 2 years ago. Writing off billions that was given to their mates for PPE that was either no good or not supplied. Needlessly inflicting Austerity. Since the 1930’s the conservatives have been in power the longest, so have presided over more recessions than any party.
@@rockfan3299 Thanks for proving me right. Truss and Kwarteng tanking the economy and housing market, less than 2 years ago. Writing off billions to their mates for PPE that was either no good or not supplied. Inflicting austerity on the British public. Since the 1930’s the Tories have been in power the longest and presided over more recessions than any other party. Enough factual examples for you?
The phrase is History repeats itself, first as tragedy, then as comedy. It comes from the 18th Brumaire of Louis Bonaparte which is about the imperial coup of 1852. The book is by someone called Karl Marx. I wonder whatever happened to him.
@@ianross225 you'll no doubt have heard of 'too big to fail' (so the banks get bailed out). Maybe this is the other end of that spectrum - 'too small to lose' (the hardship test)?
@@Benzknees True but the notion that you could just not pay with no threat of removal is the potential. I’ve had one tenant that stopped paying (despite supposedly having cash in the bank from a property sale) and one who did a bunk without paying. As a property owner who lets out a flat that’s my income. Someone else’s hardship should not become mine.
@@ianross225 - They know the law is tilted on their side & take advantage of it. I don't know why anyone would be a landlord, it's too risky & fraught with red tape & taxes. Also, as someone who used to investigate insurance claims, I've seen some horrendous damage done to rentals by ex-tenants. Especially on HMOs.
@@Benzknees For sure. It has been since Rachman in the 60s and 70s. We’re in it by default really not a conscious decision. For the main we’ve been ok but a lesson is never, ever rent to the local council. We were royally f#cked by Croydon helping a refugee and Asperger’s sufferer. Lies, obfuscation, denials but ultimately our loss. Don’t let your heart/conscience rule your head! We’re looking to get out…..
Yeah, I saw Rayner say just this almost a year ago. I sold all of my properties in the last six months. Anyone with rental properties who voted for this lot should seek the advice of a mental health professional with immediate effect. As Maggie famously said "The problem with Socialism is that you eventually run out of other people's money"
Funny, Conservative and the Right to buy disaster. Millions of decent homes ultimately ending up in the hands of landlords. Then Councils going bankrupt legally obliged to provide housing. Oh, no places for them? It's ok the overpriced private sector lol
@@Mr.Grimsdale Private landlords. They will get massive incentives. For example if they currently receive £1000 per month, they will be offered £2000 or more. It will lead to a lot of people who are currently okay being made homeless. The plan is even worse than that in fact. It sickens me to even think about what will happen within the next 18 months.
Because your legal title is controlled by the Government/Crown, and whatever you register in your legal title is also controlled by the government. That's the big scam of the system. So once you register your property in the name of your legal title, they now control your property. Not own, just control.
It's not so much that. Landlords will be offered double and even more than what they are currerntly receiving. Things are going to get very bad very quickly.
@@EnglishLawI understand your point, you may be right, or they’re removing small and private landlords and “selling” the opportunity to the likes of Blackrock etc to buy up houses cheaply, then your point will be a reality
because they are now blatantly have communist policies i.e. do what we tell you no questions when it suits them, and their corporate backers, a kind of contradiction. Stamp down hard on the private land lords , support the corporates
Re housebuilding - the main problem there is the extreme shortage of skilled labour and the shortage and cost of materials. Thousands of houses are never going to be built. it's all wishful thinking. Flooding the market with thousands of ex rental properties could also crash the housing market. Labour are utterly stupid.
I listened to two ladies at the voting station last week, one said who did you vote for the other said labour, so why did you vote labour, her reply was she didn’t like the Tories. We are going to be in big trouble and it has already started.
Surely if "You will own nothing" and the WEF that very motion is all about you renting and NOT owning so to screw the rental market is the exact opposite of the WEF mantra. Remember that even if you rent something someone has to own it. The market for homes would be better if there were not so many people buying to rent. After all those cheap properties could be purchased by first time buyers if the mortgage market wasn't so mad. Pay more in rent on a sub standard property than you would if you paid the mortgage on it makes absolutely no sense. It is all about capital and those rental companies have the capital to buy beyond what the first timer can and then can charge more than the mortgage price for the rent of it and then do it again and again.
@@user-xq6me6pd7q- thats the point it will be only a few companies eventually running all the rental properties - all part of some bank or other as part of their elite agenda companies. Yes it doesn't make sense that if you did manage to buy a place as YOUR home, you pay less than some rented hole you never own!
@@user-xq6me6pd7qthe point is it will be only limited companies who run most rentals in the future who are all accredited with the WEF'S Ssg compliance
There are also a lot of scumbag tenants , so that equals out ,the problem you have ,is that rents will increase to cover the extra risk the owner has to take in order to maintain it and you'll struggle to find affordable houses, or live in a tent down your local woods
Yep, raised rents so basically the tenants bought the houses for them and upped and upped the rents making damn sure those tenants could never save for a house of their own. Greed got you here landlords.
Unfortunately the naive STUPID wokes really believe in the tooth fairy when they voted Labour just like their predecessors did when they voted phoney Tony Blaire into power allllll those years ago!
@@nigelbaldwin1038 it was fixed no one in there right mind would.have.voted labour in plus they had the votes of the forighn students votes it's ok for them they can go back to there country and leave us with the mess they.ve caused
If they want "rent caps" they would be better of reducing the influx of migrants driving the property market to breaking point and the rents and house prices alike will slide back down to more affordable levels all on their own.
@@lesigh1749 For some reason Labour types don't understand that the housing market is a supply and demand situation. None of their solutions or conversations ever touch on asking why demand is so high and how it could be reduced.
Exactly... that's why this guy has the wrong perspective... these entities buying up the home will increase homes to rent in turn driving down rent price ... its not rocket🚀science... and if then more homes are built it will drive down cost of a home .... supply and demand, economics 101.... torries knew this and so dod there voter base being mostly home owners . Wouldn'twant to upset the apple cart now..... at the end of the day there is a housing shortage crisis, people have to live somewhereand amd if you have more than 1 house thats just greedy .... tomes a changing..... 5:57 s
Wise landlords started running for the hills years ago. Tories were already walking down this road, its not a Labour thing at all. Its a move to put private renting into the hands of banks and wealth fund investors. The main problem is this isn't fully established yet, so we still need private landlords to hang on in there, and not be battered to death by impossible rules.
Many people were planning to use their rental properties to provide a lifetime income. Now they will need to buy a private pension instead, with all the potential problems with stock market volatility that will be caused by Labour's idiotic policies. Reeves might have worked at the Bank of England. I think she took the tea and biscuits trolley round the office.
If things were going to be as bad as that, an SNP revival in Scotland and Independence will be inevitable come 2026. That couch potato Silver Fox is beyond stupid, Typical Reform voter.
landlords are already selling off their portfolios because of this Labour government. the fear factor is running rampant throughout the landlords in the UK
Been happening for years. Tories started it, this isn't uniquely a Labour thing at all. Its a move to put private rental into the hands of banks and wealth fund ownership. The short term issue is it's not established yet, so we need private landlords to hang on in there, not batter them out of the game in an instant.
@@markfromuk4812 It was done in the knowledge that Labour was going to get in anyway, as people were rightly angry at the tories, but wrong in the idea that the only other choice had to be Labour. This is why Reform ran on being elected as an opposition to Labour. It was the only way to bring hope in the future.
Yes absolutely and they will DO TO ENGLAND WHAT SNP DID TO SCOTLAND. LABOUR HAS ALWAYS BEEN THE PARTY TO KEEP PEOPLE POOR ESPECIALLY THE WORKING MAN. IF YOU VOTED THEM IN DONT COMPLAIN.
Labour once again putting in a policy that will ensure that only the very rich will own rental properties because they're the only ones that will not care about not being able to sell a property for 2 years.
@@donna9679Well done Donna, someone actually seeing what's going on. Private landlords were never the long term answer to the nations housing needs. Its just a bit crazy that they're hammering them out of the game, before the alternative is fully established.
@danielsellers8538 - it will be interesting to see if any landlord Labour MP's sell up before their properties and finances take a hit, that would make a nice story
How tough had America got it? Their economy is flying unemployment is at a record low. And their biggest worry is South Americans wanting to do the jobs Americans don't want to
Just putting the final nail in the coffin for this country after their 13 years of power. They say they have a mandate but they don't as a mandate means power given to politicians based on popular support. 33% is a minority of support.
So are you sugesting the properties the landlords sell will remain empty? Families will be able to buy homes again without paying a premium to a 'landlord'. Most 'landlords' could not have bought properties without buy to let schemes on low interest rates. They think the world owes them a living for nothing.
Complains about "no sympathy" on a video where a landlord is crying he can't sling out a family for absolutely no reason making them homeless... Landlords have no sympathy, can't afford to be a landlord then go and get a job, stop eating avocado toast buying ne phones and buying coffees and get a proper job and actually contribute something to society instead on just sucking other peoples hard earned money away for doing absolutely nothing.
@@user-dc4xy7uk3b Load of tosh but you'll already know that. landlords provide nothing, the construction workers provide the housing by building it, those houses should then go to the people who need them as shelter is essential but they don't, they go to entitled workshy layabouts who sit on passive incomes and use said wealth to buy up more housing and continuously raise rent prices which keeps private renters OUT of the property market and dependant on landlords who constantly complain at how difficult their "job" is while dodging repairs and keeping people living in sub standard and often dangerous properties. Let's put it this way, you said that landlords provide housing. they provide housing the same way a spiv provides concert tickets... if me and a load of other people all go to a ticket office and buy every ticket for £5 each just because we happen to be fortunate enough to afford it then sell the tickets for £2000 a ticket, would you applaud us for providing those tickets to people who weren't fortunate to get one before we bought them all or couldn't afford them as quickly as we could? No, We'd be called a greedy, exploitative opportunist and the irony is, people don't NEED those tickets but they DO need housing. Even Adam Smith the founder of capitalism stated "Landlords' right has its origin in robbery. The landlords, like all other men, love to reap where they never sowed, and demand a rent even for the natural produce of the Earth" How bad is landlordism when both left AND right sides of politics agree about how unethical it is? It's buying something you don't need (extra housing) and forcing people who DO need it to give you their hard earned money for doing absolutely nothing except being fortunate enough to have more money than them. Definition of a parasite : "an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense." and that's exactly what landlords do, they buy up all the housing then make the tenant do all the hard work to pay the mortgage off OR just exploit additional wealth once the mortgage has been paid off and if you don't like it the alternative is homelessness, even if you pay their mortgage by working hard they then decide to sell and the worker ends up homeless and the landlord can sell the house the worker spent years paying for JUST because they had more money - how is that ethical?
@@user-dc4xy7uk3b Load of tosh but you'll already know that. landlords provide nothing, the construction workers provide the housing by building it, those houses should then go to the people who need them as shelter is essential but they don't, they go to entitled workshy layabouts who sit on passive incomes and use said wealth to buy up more housing and continuously raise rent prices which keeps private renters OUT of the property market and dependant on landlords who constantly complain at how difficult their "job" is while dodging repairs and keeping people living in sub standard and often dangerous properties. Let's put it this way, you said that landlords provide housing. they provide housing the same way a spiv provides concert tickets... if me and a load of other people all go to a ticket office and buy every ticket for £5 each just because we happen to be fortunate enough to afford it then sell the tickets for £2000 a ticket, would you applaud us for providing those tickets to people who weren't fortunate to get one before we bought them all or couldn't afford them as quickly as we could? No, We'd be called a greedy, exploitative opportunist and the irony is, people don't NEED those tickets but they DO need housing. Even Adam Smith the founder of capitalism stated "Landlords' right has its origin in robbery. The landlords, like all other men, love to reap where they never sowed, and demand a rent even for the natural produce of the Earth" How bad is landlordism when both left AND right sides of politics agree about how unethical it is? It's buying something you don't need (extra housing) and forcing people who DO need it to give you their hard earned money for doing absolutely nothing except being fortunate enough to have more money than them. Definition of a parasite : "an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense." and that's exactly what landlords do, they buy up all the housing then make the tenant do all the hard work to pay the mortgage off OR just exploit additional wealth once the mortgage has been paid off. Unethical, parasitic. Landlords do nothing, provide nothing.
In Yorkshire they have been building on full scale for 5 years there are 300 house sites every where our villages are getting ruined dont worry these huge building sites are cuming to evry town its happening
Successive governments have failed to build houses to provide housing for the population. Landlords are now the fall guys for that failure. It’s always good to have someone to blame, isn’t it?!
Right to buy. Why as a Council would you build new stock if you are forced to sell it at a huge discount, then forced by laws to house ppl at extortionate rates in the very properties that ended up in landlord hands? Ppl in need of social housing lost stability, stable costs
@@stuartburns8657 I agree with you. There is nothing wrong with wanting a “property owning” population. However the disappearance of social housing has been pretty disastrous. I’m not sure where I got this information but I believe a large proportion of ex council houses are now in the hands of private landlords. Of course there will be some who are not good. However the demonisation of private landlords - and the attempts to kill the sector - is actually going to help no one.
@@colingourley1222 I nearly became a LL myself tbh. I truly understand given it was one of the most guaranteed financial wins (baring destructive tenants) If you add holiday homes (look how Londoners have devastated the Cornish community and the likes of AirBnB, no wonder everywhere (no just the UK) is in such a mess. We'll have an entire generation stuck at home much longer, or being ripped off, and then delaying or not simply being able to afford housing or feel secure enough to raise a family
This is going to cost the councils a fortune in homeless accommodation for the tenants that are given their notices to vacant their rental property , the Central Government won't pay for the extra accommodation fees and local councils are already struggling to balance the books . The Tories tried this and they had to back track .
The stock of council houses has fallen. The stock in the private rental sector has fallen due to increased regulation and increased costs. There are already thousands in unsuitable, expensive temporary accommodation. The outcome of this will be that councils will be forced to lease properties from landlords for longer periods in exchange for a fully managed, hands off service. But they don't want to do this for them it's a temporary solution to a permanent problem. Under the current regulations they will never discharge their duty to the household to find them suitable, long term accommodation - meaning that the numbers in stage 2 temporary accommodation will go through the roof.
@@theresearcher253 yet the councils have empty office buildings with individual rooms that could be used as accommodation for refugee's freeing up permanent housing for people who have families in the local areas or putting two rooms together with one as a living room /kitchen and the other as a bed room and en-suite toilet for a single person .
@@wendyrowland7787 totally agree I'd like to buy a house in Thailand for my old age, but to help Thai people foreigners are not allowed to buy house or land , you MUST be a Thai citizen, same in india
I had a furnished property with the tenant stripped and sold the contents, wouldn’t give the keys back and then tried to use asides t hide opened tin of fish under the floors.i gave the house to my daughter to use as her home. Best decision I ever made
You are absolutely correct. Landlords will leave the rental sector in droves. Supply will drastically go down which in turn will put an intolerable strain on the ever fewer rental homes that are still left. Many of the people currently renting those houses wouldn't be able to get a mortgage or be in a situation to buy and so will be forced to compete in an ever more overstretched market of rental properties or be made homeless. An example of not being able to buy and being reliant upon the rental market is that of my partner's son and his partner who live near Loughborough. They pay over £1300 per month in rent which means despite them both having good jobs, they can't save a deposit for a house of their own let alone get a mortgage. They are trapped in the rental market. It's a vicious circle that's only going to get worse with these new Labour policies. Policies that don't address the basic problem which is that there simply isn't enough housing of all types. The acceleration of landlords selling up will get even worse once inflation rises with Labour irresponsibly spending and so then interest rates will go up, so mortgage rates will go up so more landlords will sell up. If you want an example of how the rental market in the UK will look in a year from now then just look how it is now across the pond in the US. People will be living at the kerbside in tents.
Landlord's have had things all their own way for so long and there's many people who have been the victims of slum landlords and over priced rents. Maybe you wouldn't be so vocal if you were a renter who has been on the wrong side of a greedy landlord.
I’m a landlord in Scotland, I rented to the council for 10 years at lower rent rates but now because of the measures introduced by the Greens here and the certainty of much higher CG tax under the new Labour government, I’m selling up mate soon as I can.
“Good” says Shaun. Won’t be so good for the tenant who loses their home! Still, nice to discomfort a landlord. As long as it’s some other poor bugger that pays the price.
@@colingourley1222 the tenant moved out 3 months ago Einstein, I am fixing it up and was going to relet but not now so one less flat for the rental market. You are about as clued up as the new government!
@@davesmith4248 oh dear! My comment was intended to SUPPORT your position! Obviously my attempt at irony missed its mark. Successive governments have failed to build adequate numbers of houses and now need a scapegoat for their failure. Landlords will do nicely, thanks very much! So much ill will is now directed at those with one or two properties to let that people like Shaun are happy to throw the baby out with the bath water. Because of the new climate you will no longer let a property through the council so that’s one less property available for the council to let. That the Labour government are intent on introducing similar policies to those in Scotland they are going to have the same effect: landlords will flee the sector, available properties will diminish and rents will rise as a consequence. You appear to be a real live example of the stupidity of the government’s policy. I myself have a rental property in London. I’ve had the same tenants since 2006. Yes, 2006! I paid £750 to renew my license at the beginning of the year. These new proposed constraints will guarantee that I will not let this property again but will sell it instead. I no longer have a mortgage so the rent is well below market value. Of course I, like you, am still an awful person. My opinion is that the government wants to get rid of the small landlords. Better to have the sector in the hands of big conglomerates. Much cosier for big government. I just hope that Shaun doesn’t have too much trouble next time he’s looking for a rental property. It might not be so “good”.
They did this in the 1970's, it failed utterly then and people were out in the cold. It will be far worse this time as the councils have even less places to accommodate them.
For 14 years the landlords have had it there own way, apart from a couple of the measures it all sounds fair to me, I dont rent I own my house but I dont think people should make money from other people like landlords do ! Most people I know who rent out houses are just very greedy self centred people, as for family's having to sleep in cars ! Well were do you think they go now when they are served with a no fault eviction?.
I agree with you. I’m a homeowner, and the excess houses on the market will reduce the value of mine, but that’s ok. If I choose to move hopefully the house I want to buy, will have reduced in cost also.
SNP had a good go at wrecking the rental market in Scotland. Plenty of good landlords have gone while others are hanging on with their finger nails.... It's not all rubbish money grabbing landlords btw
I’m a landlord, my mortgages have gone in some cases 4 times since cov19 I now have to work another 40hr week job just to keep my tenants with a roof over there heads, I have Mortgaged my own house a few times and let more money than I will ever be able to pay back to family members and they doing this, my tenants live in far better spec housing that me and my family I know because my wife tells me every other day. This is just taking the piss out of people trying to help other humans, why should I not just sell up, kick families and disabled tenants out. Thanks for the heads up
Yeah, and I know this to be true. I know many true Landlords that respect the tenants. The trouble is that the left automatically hate landlords regardless of the truth
@@Ramit16 500000+ new immigrants still coming here each year. There’ll never be enough houses anyway. they won’t stop until Britain is a crowded concrete jungle.
Yeah massive supply of housing on the market which drives prices down... now those poor youth may be able to afford their own home instead of having a bone idle profiteering freeloader taking most their pay checks every month.
@monojit0739 yeah, all that negative equity trapping people in unsuitable homes... Yeah all those construction companies laying off tradesmen because they cannot afford to build houses.. Economics is fun when you don't understand the fundamental principles
@@SilverFoxHotTakes agreed 👍 The BoE have borrowed £trillions too since 2020, can't recall the figures but it's over £8tr. Debt to GDP is completely unsustainable. Wages have stagnated over the last 2 decades or more yet inflation has doubled, tripled in lots of cases, because of the BoE print in 2020, etc A crash bigger than 1929 is around the corner, Weffy Labour are just helping us get there and they want to push us over the edge.
Rent controls have been introduced previously to the detriment of the population. Rent control Act 1939 for instance ensured landlords had little / no funds to make repairs / upgrades, thus leading to social deprivation, and eventually during 1980's /90's great swathes of dangerous and insanitary tenements being demolished. Landlords have significant regulatory costs and outlays before bringing a rental property to the market, and invariably pay interest on loans to finance their portfolios. Tenants no longer are obliged to pay their rent. Any landlord who continues in such a business faces potential bankruptcy. There have been many excellent landlords who have overlooked the discrepancies of tenants, who for instance don't ventilate their properties leading to mould, then claim dampness to be prevalent, who will leave the market in droves and invest elsewhere. Homelessness will increase exponentially. Rather than shoot from the hip, politicians should consider the bigger picture and consequences of their policies.
There’s also one big hole in your argument. You say all these landlords are going to end up selling, well that’s the idea, they give up a rental property and it’s then available for ftb’s ownership and let’s face it, if as many landlords as you say all go to the market at the same time the price of these properties will be competitive due to the large numbers available. Win win for all those people trying to get on the housing ladder.
Programmes like that are part of the fucking problem! Buy a shithole, paint and decorate it and rent it out at quadruple your mortgage to a group of illegal immigrants sleeping two to a bed on rotating shiftwork for a company that pays below minmum wage to their boss in albania.
about time the private rental market is looked at though, don't forget council rent for 3 bed semi outside london is 700 and private rent is 1,200. this difference shows the market is broken.
I sold my rental property a few years ago, even under the conservatives, you were having to jump through more and more hoops, to rent a property out and the balace was moving in the favour of the renter, even then and only going to get worse as time has proved.The result was, one less rental property.
I think all politicians have gone mad. Where did all these supposed intelligent people come from, they obviously have the ‘I’m alright Jack’. I want to make my millions on the back of the people that pay their salary.
Nothing changes in the rulings of power whoever is in charge, all tarred with the same brush all making the poor person poorer, and helping themselves to the proceeds.
My mother’s landlord has never given her any services , never done any repairs , never decorated the house , 17 years he broke many laws starting from gas servicing and when she mentions it he threatens to eviction her ! So this is a great idea to protect tenants ! Hardship is when someone becomes homeless !
@@SilverFoxHotTakes Can you elaborate? If vast numbers of properties suddenly become available to buy, and other landlords are not going to buy them, will that not drive down prices?
@@80sandretrogubbins25other Corporates will buy them.. As for selling it's probably best to just air b n b them and sell when property prices rise again
I'm a landlord and will be looking to raise rents once this comes in to protect myself. Well done Labour, you've just hurt my tenants. I'll be alright.
and I hope your tenants stop paying the rent, I would... and if you can't afford to pay for the house without other people working, go and get a job to pay for it. It says in this very video that not paying rent wont be cause for eviction... put the rent up so you can't pay and nobody WILL pay and you will be able to do NOTHING except sell it cheap to either another landlord or the council, have it sit empty and the government force you to sell it cheap. You wont be alright, they will.
@@monojit0739well said. The greed of some of these landlords. It’s a shame people opt to remain in expensive areas, and don’t move to cheaper areas. I suppose jobs are thin in some cheaper areas.
It ain't 'easy money guv' if a Tenant doesn't pay their rent ! Six months minimum to get the Tenant out and all that time the landlord has to pay the mortgage on the property, plus it can cost thousands to get the case before a Magistrate. In many such cases the damage to the property can also add thousands more to the Landlords costs. It's only easy money if you are the Tenant.
How did the landlord get the money to buy the house in the first place? Some inherited, granted, some won the lottery (luck), others worked and went without to buy a future pension. People calling out 'landlords' forget that housing associations are themselves landlords, many investment corporations are landlords, pension companies, including Government pension investment arms and other large businesses also invest in rented housing. There are many different types of landlord and the greediest are the ones with shareholders, not the private landlords.
@simoneverett6081 yes agreed, all sorts of people/organisations are landlords and why do they do it? Easy answer to that one. Vast amounts of income for very little effort. When you say some people worked hard to save for their property. Key word is here is save. The truth is that huge numbers of the hardest working people in society give all their money to the above so they are left with so little they can hardly even eat let alone save.
@@patricksmith4424 The return isn't huge. We looked into it, about 5% - we can get better return elsewhere with less risk! The market will dictate, as soon as the return becomes uneconomic, the rental market will implode. Only those able to buy will then have the opportunity to get their own property, the remaining population, unable to satisfy the mortgage requirements, will fall between the stools, nothing to rent affordably and unable to buy. I am not allowed a credit card, my income is below the minimum required. It is a godsend in the long term, because it means our spending in curbed.
Less rental properties mean higher rents, this won't happen, it's just words for now. Tories have screwed the system with the removal of section 24 and HMO licensing. The market is now rife with HMO mass properties only.
@@jaijai5250 whilst the private housing sector serves a really needed purpose, these landlords really do need reigning in! I know it’s all about supply and demand and we haven’t built enough houses over the last 40 years! I believe in capitalism But FFS sake this is vulture capitalism at its very worst😄
WEF policies. You will own nothing
Correct, we are awake !!
Err... renting isn't owning.
@@Ramit16 And a lunatic.
He is on about the landlord @@mickeythompson9537 😅
People better buckel up fast.
That's the plan..Blackrock waiting to buy it all up.
🎯
I been trying to tell these greedy bookers for years !!!
They broke the social contract by hoarding all the housing stock
@@TruthAndFreedom. Absolutely bloomin right 👍
No doubt looking at landlords who have loans being serviced to some extent from the rental payments....either tenants not paying rent or landlords withholding property from market will see rise in defaults that can be hoovered up.
@@lozzdee6701 whilst loyal tenants buy landlord a property. 5 properties purchased on buy to ,et mortgages, make landlord a millionaire. .
by selling up, market forces, will bring property values down. oh well, landlords in negative equity.
Funny how history repeats itself and everyone seems incapable of learning from it.
Like history keeps repeating itself with the Tories, and people are incapable of learning from it.
@@iangascoigne8231 factual examples please
@@rockfan3299 Karteng and Truss Tanking the economy and housing market overnight. It’s funny how you can’t remember something that happened less than 2 years ago. Writing off billions that was given to their mates for PPE that was either no good or not supplied. Needlessly inflicting Austerity. Since the 1930’s the conservatives have been in power the longest, so have presided over more recessions than any party.
@@rockfan3299 Thanks for proving me right. Truss and Kwarteng tanking the economy and housing market, less than 2 years ago. Writing off billions to their mates for PPE that was either no good or not supplied. Inflicting austerity on the British public. Since the 1930’s the Tories have been in power the longest and presided over more recessions than any other party. Enough factual examples for you?
The phrase is History repeats itself, first as tragedy, then as comedy. It comes from the 18th Brumaire of Louis Bonaparte which is about the imperial coup of 1852. The book is by someone called Karl Marx. I wonder whatever happened to him.
Homeless for us, not for the favored and protected ones.
Rent arrears is essentially a breach of contract.
@@ianross225 you'll no doubt have heard of 'too big to fail' (so the banks get bailed out). Maybe this is the other end of that spectrum - 'too small to lose' (the hardship test)?
Good luck with enforcing a contract against someone with no money & legal aid.
@@Benzknees True but the notion that you could just not pay with no threat of removal is the potential. I’ve had one tenant that stopped paying (despite supposedly having cash in the bank from a property sale) and one who did a bunk without paying.
As a property owner who lets out a flat that’s my income. Someone else’s hardship should not become mine.
@@ianross225 - They know the law is tilted on their side & take advantage of it. I don't know why anyone would be a landlord, it's too risky & fraught with red tape & taxes.
Also, as someone who used to investigate insurance claims, I've seen some horrendous damage done to rentals by ex-tenants. Especially on HMOs.
@@Benzknees For sure. It has been since Rachman in the 60s and 70s. We’re in it by default really not a conscious decision. For the main we’ve been ok but a lesson is never, ever rent to the local council. We were royally f#cked by Croydon helping a refugee and Asperger’s sufferer. Lies, obfuscation, denials but ultimately our loss. Don’t let your heart/conscience rule your head! We’re looking to get out…..
Yeah, I saw Rayner say just this almost a year ago. I sold all of my properties in the last six months. Anyone with rental properties who voted for this lot should seek the advice of a mental health professional with immediate effect. As Maggie famously said "The problem with Socialism is that you eventually run out of other people's money"
« All my properties », lucky you!
Funny, Conservative and the Right to buy disaster. Millions of decent homes ultimately ending up in the hands of landlords.
Then Councils going bankrupt legally obliged to provide housing.
Oh, no places for them?
It's ok the overpriced private sector lol
Bullshit.
It's the out of control rental industry that's caused home prices to go sky high.
This is a TORY ethic
@@Bluesky-gk4qy Do you think his property portfolio fell out of the sky and landed in his lap? Because that would make him very lucky.
@@Bluesky-gk4qy It's not luck, it's usually hard work. Something the feckless don't understand..
Christopher Reeve was paralysed from the neck down. Rachel Reeves is paralysed from the neck up 🤣🤣
@@caeserromero3013 exact description.
Pathetic, moronic and very unpleasant, well done you.
@@caeserromero3013 Surely the most distasteful comment I have read today. Well done, you. Be proud.
@@Bluesky-gk4qy I think you mean the most disgraceful comment you had READ TO YOU. 😂😂
They want the homes for the gimmies.
And they will get them there is no doubt about that.
Who will 'own' the properties that the gimmies go into ?
@@Mr.Grimsdale You will have to ask Rachel Reeves that one. She is the one that has a plan in her head.
@@Mr.Grimsdale Blackstone are going round buying them all up
@@Mr.Grimsdale Private landlords. They will get massive incentives. For example if they currently receive £1000 per month, they will be offered £2000 or more. It will lead to a lot of people who are currently okay being made homeless. The plan is even worse than that in fact. It sickens me to even think about what will happen within the next 18 months.
Who are the government to tell house owners (landlords) what to do with their own properties 🤔 w4nkers!
Because your legal title is controlled by the Government/Crown, and whatever you register in your legal title is also controlled by the government. That's the big scam of the system. So once you register your property in the name of your legal title, they now control your property. Not own, just control.
It's not so much that. Landlords will be offered double and even more than what they are currerntly receiving. Things are going to get very bad very quickly.
@@EnglishLawI understand your point, you may be right, or they’re removing small and private landlords and “selling” the opportunity to the likes of Blackrock etc to buy up houses cheaply, then your point will be a reality
Own nothing & be happy is there Agenda
because they are now blatantly have communist policies i.e. do what we tell you no questions
when it suits them, and their corporate backers, a kind of contradiction. Stamp down hard on the private
land lords , support the corporates
Re housebuilding - the main problem there is the extreme shortage of skilled labour and the shortage and cost of materials. Thousands of houses are never going to be built. it's all wishful thinking. Flooding the market with thousands of ex rental properties could also crash the housing market. Labour are utterly stupid.
What's bad about the housing market crashing?
Unless people have borrowed above their means ? Who would be so stupid to do that ?
@@topfuelteddy Yes, Lord forbid the prices become sensible and affordable for decent working people eh?
@@ChoppingtonOtter Wouldn't that be good.
This government needs removing
Landlords need removing, now they might have to get actual jobs and work :O
Yes it most certainly does & for one that serves its people… not themselfes. They are our servants not us theirs!!!
@@marklayland5424 You really think much would change, regardless of what party is in "power" (they aren't even the one's calling the shots).
@@monojit0739 Don't generalise. I'm a landlord, but also a full time care worker.
@@hazelthorp317 being a landlord is unethical, carer or not.
I listened to two ladies at the voting station last week, one said who did you vote for the other said labour, so why did you vote labour, her reply was she didn’t like the Tories. We are going to be in big trouble and it has already started.
@johnmansell5097 there was a yougov poll. Only 5% of Labour voters were voting because of policy, rest just didn't want Tories.
@@hilarygibson3150 Good, then now they will get the worst of both worlds.
Pity people fed up of Tories didn’t vote reform or even lib dumps why on earth vote Labour we know what happens when they are in power
Two people I know told me quite straight faced that they voted Labour
... because their family always does...basically because their dad did.
My dad gave me some good advice years ago. He said “if the government involves its self in your job, walk away”.
It will benefit BLACKROCK who are spending £4billion to buy house for rent - WEF own nothing 😢
I think its Blackstone.
@@GHOST5663 They were once the same company.
Surely if "You will own nothing" and the WEF that very motion is all about you renting and NOT owning so to screw the rental market is the exact opposite of the WEF mantra. Remember that even if you rent something someone has to own it. The market for homes would be better if there were not so many people buying to rent. After all those cheap properties could be purchased by first time buyers if the mortgage market wasn't so mad. Pay more in rent on a sub standard property than you would if you paid the mortgage on it makes absolutely no sense. It is all about capital and those rental companies have the capital to buy beyond what the first timer can and then can charge more than the mortgage price for the rent of it and then do it again and again.
@@user-xq6me6pd7q- thats the point it will be only a few companies eventually running all the rental properties - all part of some bank or other as part of their elite agenda companies.
Yes it doesn't make sense that if you did manage to buy a place as YOUR home, you pay less than some rented hole you never own!
@@user-xq6me6pd7qthe point is it will be only limited companies who run most rentals in the future who are all accredited with the WEF'S Ssg compliance
There are a lot of scum bag landlords … no sympathy for yours… now you have a very small taste of how your tenants feel …
There are also a lot of scumbag tenants , so that equals out ,the problem you have ,is that rents will increase to cover the extra risk the owner has to take in order to maintain it and you'll struggle to find affordable houses, or live in a tent down your local woods
Yep, raised rents so basically the tenants bought the houses for them and upped and upped the rents making damn sure those tenants could never save for a house of their own. Greed got you here landlords.
@@jeffwatts4264 No it doesn’t equal out … not unless the scum bag landlords are made homeless… which off cause they don’t
You get what you vote for eh !?
What 20% voted for.
@@ianross225 low IQ idiots
Yes great
We all get what a minority voted for, but that seems to be normal these days.
Hello 2D person. I didn't vote for it. Try living in the 3D world if you dare.
What have people done by voting in this rabble !!!
2/3rds didn't.
It's known as a death wish.
Happy days ahead
Unfortunately the naive STUPID wokes really believe in the tooth fairy when they voted Labour just like their predecessors did when they voted phoney Tony Blaire into power allllll those years ago!
@@nigelbaldwin1038 it was fixed no one in there right mind would.have.voted labour in plus they had the votes of the forighn students votes it's ok for them they can go back to there country and leave us with the mess they.ve caused
Homelessness = more state reliance. Labour's (WEF's) goal will have been achieved.
Absolutely
Not just labour conservatives were part of it
Just like the SNP, Labour is going to destroy every sector one by one
If they want "rent caps" they would be better of reducing the influx of migrants driving the property market to breaking point and the rents and house prices alike will slide back down to more affordable levels all on their own.
Well said vote reform
@@lesigh1749 For some reason Labour types don't understand that the housing market is a supply and demand situation. None of their solutions or conversations ever touch on asking why demand is so high and how it could be reduced.
@@harambae7014 Well if they were smart people they wouldn't be in the Labour party.
To all labour voters. I told you so
Thinking highly of yourself, aren’t you ?
@@Bluesky-gk4qy seems he's just stating facts.
@@Bluesky-gk4qy Voter's remorse?
@@loulou6760 What « facts »?
but I thought they were going to build 1.5 million homes and create more ghettos
said they'd create 1.5 million homes !!! looks like they have started, take from the rich give to the poor (or illegal )
Not a chance
It will not happen
The tories have been merrily concreting over the countryside for years. Labour will continue the same.
Only to house their future migrant voters
It’s been coming for years, small volume landlords have been getting forced out for years
This is the scariest incumbent government in the history of Britain
Run by the vile abhorrent Tony Blair
@@sob-iLs no different to the last one
Overdramatic perhaps?
Not really, I lived through Tony B-Liar and Gawddun Brown destroying the UK and a few foreign countries uninvolved in 9/11.
LoL.
Politics of envy, Labour 101.
They just despise success.
@@davidmcmillan6839 Except their own success, of course. Starmer and Rayner are very wealthy individuals.
@@simoneverett6081 Champagne Socialists.
I used to be a landlord for 12 years. Had only a couple of minor issues. Sold up as part of my divorce. Glad I did considering what's coming.
In Scotland already landlords are selling up! Watch for it to happen in England
I’ve just put my letting property on market in Inverness where there’s a huge shortage of housing.
@@mariusanderson358 not now
@@mariusanderson358 why was there a housing shortage? was it because people like you exploited the poorest in society?
Who will buy the ex rental properties I wonder. As sneaky Starmer is a WEF puppet, my money is on Black Rock or Vanguard..
This is definitely on the cards, it is ongoing in the US, properties are bought on mass proportions.
Absolutely correct, glad to see some people are awake out there.
The Banks!!!
Lloyds Bank is the biggest landlord in the country🙄
Exactly... that's why this guy has the wrong perspective... these entities buying up the home will increase homes to rent in turn driving down rent price ... its not rocket🚀science... and if then more homes are built it will drive down cost of a home .... supply and demand, economics 101.... torries knew this and so dod there voter base being mostly home owners . Wouldn'twant to upset the apple cart now..... at the end of the day there is a housing shortage crisis, people have to live somewhereand amd if you have more than 1 house thats just greedy .... tomes a changing..... 5:57 s
it's a race to the bottom with labour
we are at the bottom already after 14 years of tory rule
@@workingclassman9727 l guess if we are at the bottom as you say, let's give it five years and we will still be at the bottom
Why would anyone be a landlord if these are the rule changes? These rules are complete lunacy. Every landlords will be selling up.
good
Good? There will be no properties available for renters
@@shaun9480 how is it good?
Whether u like it or not we need rental property
Wise landlords started running for the hills years ago.
Tories were already walking down this road, its not a Labour thing at all. Its a move to put private renting into the hands of banks and wealth fund investors.
The main problem is this isn't fully established yet, so we still need private landlords to hang on in there, and not be battered to death by impossible rules.
Many people were planning to use their rental properties to provide a lifetime income. Now they will need to buy a private pension instead, with all the potential problems with stock market volatility that will be caused by Labour's idiotic policies. Reeves might have worked at the Bank of England. I think she took the tea and biscuits trolley round the office.
Axis of evil are back.
This is why I voted Reform. Saw this coming.
Me too tried to warn people they didn’t listen.
I voted Reform never saw this coming, more worry over the net zero bullshit
If things were going to be as bad as that, an SNP revival in Scotland and Independence will be inevitable come 2026.
That couch potato Silver Fox is beyond stupid, Typical Reform voter.
It was a no brained wasn’t it!!
Just sold my rental to give me the money to adapt my house to accommodate disability, thank goodness I did!
Hope it all goes well margret you disurve things to go well for once
Stupid Labour as we thought!
Then why did you elect them?
Erm some of us didn’t vote labour and never would thanks
landlords are already selling off their portfolios because of this Labour government. the fear factor is running rampant throughout the landlords in the UK
Been happening for years. Tories started it, this isn't uniquely a Labour thing at all. Its a move to put private rental into the hands of banks and wealth fund ownership.
The short term issue is it's not established yet, so we need private landlords to hang on in there, not batter them out of the game in an instant.
... you could not make this up!!!
One term labour!!!
I voted for the Reform Party...
Cheers 🏴🇬🇧
Shd have voted to keep Labour out
@@markfromuk4812
It was done in the knowledge that Labour was going to get in anyway, as people were rightly angry at the tories, but wrong in the idea that the only other choice had to be Labour. This is why Reform ran on being elected as an opposition to Labour. It was the only way to bring hope in the future.
Labour Voters, now hear this, YOU ARE TO BLAME, you muppets,
Tories were already going down this road.Not a Labour thing.
cry more
Buffoons, idiotic Buffoons😁😁😁
Oh…a bad loser!
They still won’t get what’s going on.
Avoiding the main issue. Circling the wagon. Before private landlords existed there was a way of providing housing without Banks and Mortgages.
2 yrs free rent.....cant get them out. ! What a cherry.....
I wonder, can we do the same with our mortgages? Will the big banks allow it? She should know being ex BoE.
@@paulmetcalfe4054Being ex Bank of England explains it all.
Sadly the politics of envy are always Labour policy.
Meanwhile the cabinet are made up from millionaires, most of whom are privately educated.
Labour same as snp then
yes
The only difference more SIR in the labour party .
Yes absolutely and they will DO TO ENGLAND WHAT SNP DID TO SCOTLAND. LABOUR HAS ALWAYS BEEN THE PARTY TO KEEP PEOPLE POOR ESPECIALLY THE WORKING MAN. IF YOU VOTED THEM IN DONT COMPLAIN.
This sounds like the perfect combination of ideology and stupidity.
Labour once again putting in a policy that will ensure that only the very rich will own rental properties because they're the only ones that will not care about not being able to sell a property for 2 years.
No worse. The landlords will be Vanguard and Blackrock, and run by bodies such as Flagship. Have you seen how big Flagship has become?
@@donna9679Well done Donna, someone actually seeing what's going on.
Private landlords were never the long term answer to the nations housing needs. Its just a bit crazy that they're hammering them out of the game, before the alternative is fully established.
Well said. Labour are going to be a disaster
@@harrisonbell7257 Just like the Tories then.
Hard to see how labour could be worse. Unless they find a way of turning off oxygen
@@pflynn581 The Tories were bad, but Labour will be worse.
Labour screwed up Wales and starmer said that was the blue print for England. When they've finished England will be as well.@@craig581
What utter rubbish
They have got their salary they just don't care
@danielsellers8538 - it will be interesting to see if any landlord Labour MP's sell up before their properties and finances take a hit, that would make a nice story
@@richardenders6606 so who are you Conservative or SNP all the same but SNP the most corrupt
And a gold plated pension with guaranteed increases.
Just like Democrats in USA and SNP in Scotland 3rd day and it a complete disaster
How tough had America got it? Their economy is flying unemployment is at a record low. And their biggest worry is South Americans wanting to do the jobs Americans don't want to
@@shaunvduke😂😂😂 this has to be satire
Think the SNP have been running Training Courses for the Labour Party.
This is the problem though Labour voted all SNP legislation as they follow the same socialist ideology
what happens when the ''renter '' is SERCO will they get the right to buy it on the cheap ?
Under Labour he would then be considered "rich'
serco only rent gov properties,and get well paid same as they do for border force
Just putting the final nail in the coffin for this country after their 13 years of power. They say they have a mandate but they don't as a mandate means power given to politicians based on popular support. 33% is a minority of support.
It was 33% of the 64% who voted. 22% of the electorate actually voted for them.
There are better ways to make money than property
So are you sugesting the properties the landlords sell will remain empty? Families will be able to buy homes again without paying a premium to a 'landlord'. Most 'landlords' could not have bought properties without buy to let schemes on low interest rates. They think the world owes them a living for nothing.
I thought the SNP WERE STUPID, this takes the biscuit.
Seriously, any landlord who voted Labour has no sympathy.
Complains about "no sympathy" on a video where a landlord is crying he can't sling out a family for absolutely no reason making them homeless...
Landlords have no sympathy, can't afford to be a landlord then go and get a job, stop eating avocado toast buying ne phones and buying coffees and get a proper job and actually contribute something to society instead on just sucking other peoples hard earned money away for doing absolutely nothing.
@@monojit0739 Typical comment from an envious leftist fascist. Miserable guy
@@monojit0739 providing a home for those that can't afford one has to be applauded, what have you done to help the homeless...
@@user-dc4xy7uk3b Load of tosh but you'll already know that. landlords provide nothing, the construction workers provide the housing by building it, those houses should then go to the people who need them as shelter is essential but they don't, they go to entitled workshy layabouts who sit on passive incomes and use said wealth to buy up more housing and continuously raise rent prices which keeps private renters OUT of the property market and dependant on landlords who constantly complain at how difficult their "job" is while dodging repairs and keeping people living in sub standard and often dangerous properties.
Let's put it this way, you said that landlords provide housing. they provide housing the same way a spiv provides concert tickets... if me and a load of other people all go to a ticket office and buy every ticket for £5 each just because we happen to be fortunate enough to afford it then sell the tickets for £2000 a ticket, would you applaud us for providing those tickets to people who weren't fortunate to get one before we bought them all or couldn't afford them as quickly as we could? No, We'd be called a greedy, exploitative opportunist and the irony is, people don't NEED those tickets but they DO need housing.
Even Adam Smith the founder of capitalism stated "Landlords' right has its origin in robbery. The landlords, like all other men, love to reap where they never sowed, and demand a rent even for the natural produce of the Earth"
How bad is landlordism when both left AND right sides of politics agree about how unethical it is? It's buying something you don't need (extra housing) and forcing people who DO need it to give you their hard earned money for doing absolutely nothing except being fortunate enough to have more money than them.
Definition of a parasite : "an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense." and that's exactly what landlords do, they buy up all the housing then make the tenant do all the hard work to pay the mortgage off OR just exploit additional wealth once the mortgage has been paid off and if you don't like it the alternative is homelessness, even if you pay their mortgage by working hard they then decide to sell and the worker ends up homeless and the landlord can sell the house the worker spent years paying for JUST because they had more money - how is that ethical?
@@user-dc4xy7uk3b Load of tosh but you'll already know that. landlords provide nothing, the construction workers provide the housing by building it, those houses should then go to the people who need them as shelter is essential but they don't, they go to entitled workshy layabouts who sit on passive incomes and use said wealth to buy up more housing and continuously raise rent prices which keeps private renters OUT of the property market and dependant on landlords who constantly complain at how difficult their "job" is while dodging repairs and keeping people living in sub standard and often dangerous properties.
Let's put it this way, you said that landlords provide housing. they provide housing the same way a spiv provides concert tickets... if me and a load of other people all go to a ticket office and buy every ticket for £5 each just because we happen to be fortunate enough to afford it then sell the tickets for £2000 a ticket, would you applaud us for providing those tickets to people who weren't fortunate to get one before we bought them all or couldn't afford them as quickly as we could? No, We'd be called a greedy, exploitative opportunist and the irony is, people don't NEED those tickets but they DO need housing.
Even Adam Smith the founder of capitalism stated "Landlords' right has its origin in robbery. The landlords, like all other men, love to reap where they never sowed, and demand a rent even for the natural produce of the Earth"
How bad is landlordism when both left AND right sides of politics agree about how unethical it is? It's buying something you don't need (extra housing) and forcing people who DO need it to give you their hard earned money for doing absolutely nothing except being fortunate enough to have more money than them.
Definition of a parasite : "an organism that lives in or on an organism of another species (its host) and benefits by deriving nutrients at the other's expense." and that's exactly what landlords do, they buy up all the housing then make the tenant do all the hard work to pay the mortgage off OR just exploit additional wealth once the mortgage has been paid off.
Unethical, parasitic. Landlords do nothing, provide nothing.
No rentals in Scotland for sure now!
oh hows that? My brother in law lives in scotland in rented accommodation.
So at the end of this month how many houses will have been built. Whoever voted for this lot need to see a psychiatrist.
In Yorkshire they have been building on full scale for 5 years there are 300 house sites every where our villages are getting ruined dont worry these huge building sites are cuming to evry town its happening
Successive governments have failed to build houses to provide housing for the population. Landlords are now the fall guys for that failure. It’s always good to have someone to blame, isn’t it?!
Right to buy. Why as a Council would you build new stock if you are forced to sell it at a huge discount, then forced by laws to house ppl at extortionate rates in the very properties that ended up in landlord hands?
Ppl in need of social housing lost stability, stable costs
@@stuartburns8657 I agree with you. There is nothing wrong with wanting a “property owning” population. However the disappearance of social housing has been pretty disastrous. I’m not sure where I got this information but I believe a large proportion of ex council houses are now in the hands of private landlords. Of course there will be some who are not good. However the demonisation of private landlords - and the attempts to kill the sector - is actually going to help no one.
@@colingourley1222 I nearly became a LL myself tbh.
I truly understand given it was one of the most guaranteed financial wins (baring destructive tenants)
If you add holiday homes (look how Londoners have devastated the Cornish community and the likes of AirBnB, no wonder everywhere (no just the UK) is in such a mess.
We'll have an entire generation stuck at home much longer, or being ripped off, and then delaying or not simply being able to afford housing or feel secure enough to raise a family
This is going to cost the councils a fortune in homeless accommodation for the tenants that are given their notices to vacant their rental property , the Central Government won't pay for the extra accommodation fees and local councils are already struggling to balance the books . The Tories tried this and they had to back track .
The stock of council houses has fallen. The stock in the private rental sector has fallen due to increased regulation and increased costs. There are already thousands in unsuitable, expensive temporary accommodation. The outcome of this will be that councils will be forced to lease properties from landlords for longer periods in exchange for a fully managed, hands off service. But they don't want to do this for them it's a temporary solution to a permanent problem. Under the current regulations they will never discharge their duty to the household to find them suitable, long term accommodation - meaning that the numbers in stage 2 temporary accommodation will go through the roof.
@@theresearcher253 yet the councils have empty office buildings with individual rooms that could be used as accommodation for refugee's freeing up permanent housing for people who have families in the local areas or putting two rooms together with one as a living room /kitchen and the other as a bed room and en-suite toilet for a single person .
Its already impossible to afford to rent a property and have any money left over. Anything Labour does can only improve matters
🤡🤡🤡🤡🤡🤡
one thing that should be done is to disqualify foreign investors burying up our housing stock.
@@wendyrowland7787 totally agree I'd like to buy a house in Thailand for my old age, but to help Thai people foreigners are not allowed to buy house or land , you MUST be a Thai citizen, same in india
@@JohnDuffy-bq8wg same also in NZ. Our country is run by idiots, it is only going to get worse under Labour.
I had a furnished property with the tenant stripped and sold the contents, wouldn’t give the keys back and then tried to use asides t hide opened tin of fish under the floors.i gave the house to my daughter to use as her home. Best decision I ever made
You are absolutely correct.
Landlords will leave the rental sector in droves. Supply will drastically go down which in turn will put an intolerable strain on the ever fewer rental homes that are still left.
Many of the people currently renting those houses wouldn't be able to get a mortgage or be in a situation to buy and so will be forced to compete in an ever more overstretched market of rental properties or be made homeless.
An example of not being able to buy and being reliant upon the rental market is that of my partner's son and his partner who live near Loughborough. They pay over £1300 per month in rent which means despite them both having good jobs, they can't save a deposit for a house of their own let alone get a mortgage. They are trapped in the rental market. It's a vicious circle that's only going to get worse with these new Labour policies. Policies that don't address the basic problem which is that there simply isn't enough housing of all types.
The acceleration of landlords selling up will get even worse once inflation rises with Labour irresponsibly spending and so then interest rates will go up, so mortgage rates will go up so more landlords will sell up.
If you want an example of how the rental market in the UK will look in a year from now then just look how it is now across the pond in the US. People will be living at the kerbside in tents.
Landlord's have had things all their own way for so long and there's many people who have been the victims of slum landlords and over priced rents. Maybe you wouldn't be so vocal if you were a renter who has been on the wrong side of a greedy landlord.
The lunacy begins!!!
asset stripping the middle class is underway
Not necessarily. Hopefully more working people will be able to afford a house, if a handful of landlords aren’t hoarding them.
I’m a landlord in Scotland, I rented to the council for 10 years at lower rent rates but now because of the measures introduced by the Greens here and the certainty of much higher CG tax under the new Labour government, I’m selling up mate soon as I can.
good
“Good” says Shaun. Won’t be so good for the tenant who loses their home! Still, nice to discomfort a landlord. As long as it’s some other poor bugger that pays the price.
@@colingourley1222 the tenant moved out 3 months ago Einstein, I am fixing it up and was going to relet but not now so one less flat for the rental market. You are about as clued up as the new government!
@@davesmith4248 oh dear! My comment was intended to SUPPORT your position! Obviously my attempt at irony missed its mark. Successive governments have failed to build adequate numbers of houses and now need a scapegoat for their failure. Landlords will do nicely, thanks very much! So much ill will is now directed at those with one or two properties to let that people like Shaun are happy to throw the baby out with the bath water. Because of the new climate you will no longer let a property through the council so that’s one less property available for the council to let. That the Labour government are intent on introducing similar policies to those in Scotland they are going to have the same effect: landlords will flee the sector, available properties will diminish and rents will rise as a consequence. You appear to be a real live example of the stupidity of the government’s policy. I myself have a rental property in London. I’ve had the same tenants since 2006. Yes, 2006! I paid £750 to renew my license at the beginning of the year. These new proposed constraints will guarantee that I will not let this property again but will sell it instead. I no longer have a mortgage so the rent is well below market value. Of course I, like you, am still an awful person. My opinion is that the government wants to get rid of the small landlords. Better to have the sector in the hands of big conglomerates. Much cosier for big government. I just hope that Shaun doesn’t have too much trouble next time he’s looking for a rental property. It might not be so “good”.
They did this in the 1970's, it failed utterly then and people were out in the cold. It will be far worse this time as the councils have even less places to accommodate them.
Same old loony Labour only worse this time
For 14 years the landlords have had it there own way, apart from a couple of the measures it all sounds fair to me, I dont rent I own my house but I dont think people should make money from other people like landlords do ! Most people I know who rent out houses are just very greedy self centred people, as for family's having to sleep in cars ! Well were do you think they go now when they are served with a no fault eviction?.
I agree with you. I’m a homeowner, and the excess houses on the market will reduce the value of mine, but that’s ok. If I choose to move hopefully the house I want to buy, will have reduced in cost also.
Who's her adviser, Patrick Harvie?.
i kept sayin labour is just a bad if not worse than snp, and we where gonna be alot worse off
No one should ever be investing in a house. That's how we got into this mess of many houses costing over a million
SNP had a good go at wrecking the rental market in Scotland. Plenty of good landlords have gone while others are hanging on with their finger nails.... It's not all rubbish money grabbing landlords btw
I’m a landlord, my mortgages have gone in some cases 4 times since cov19 I now have to work another 40hr week job just to keep my tenants with a roof over there heads, I have Mortgaged my own house a few times and let more money than I will ever be able to pay back to family members and they doing this, my tenants live in far better spec housing that me and my family I know because my wife tells me every other day. This is just taking the piss out of people trying to help other humans, why should I not just sell up, kick families and disabled tenants out. Thanks for the heads up
Yeah, and I know this to be true.
I know many true Landlords that respect the tenants.
The trouble is that the left automatically hate landlords regardless of the truth
250.000 new houses, the new ghetto's !!
@@Ramit16 500000+ new immigrants still coming here each year. There’ll never be enough houses anyway. they won’t stop until Britain is a crowded concrete jungle.
Insanity
Oh my youth will suffer this is terrible
Yeah massive supply of housing on the market which drives prices down... now those poor youth may be able to afford their own home instead of having a bone idle profiteering freeloader taking most their pay checks every month.
@monojit0739 yeah, all that negative equity trapping people in unsuitable homes...
Yeah all those construction companies laying off tradesmen because they cannot afford to build houses..
Economics is fun when you don't understand the fundamental principles
@@SilverFoxHotTakes 🎻 Violin not quite small enough bit it'll do.
@@SilverFoxHotTakes agreed 👍
The BoE have borrowed £trillions too since 2020, can't recall the figures but it's over £8tr.
Debt to GDP is completely unsustainable.
Wages have stagnated over the last 2 decades or more yet inflation has doubled, tripled in lots of cases, because of the BoE print in 2020, etc
A crash bigger than 1929 is around the corner, Weffy Labour are just helping us get there and they want to push us over the edge.
Rent controls have been introduced previously to the detriment of the population. Rent control Act 1939 for instance ensured landlords had little / no funds to make repairs / upgrades, thus leading to social deprivation, and eventually during 1980's /90's great swathes of dangerous and insanitary tenements being demolished. Landlords have significant regulatory costs and outlays before bringing a rental property to the market, and invariably pay interest on loans to finance their portfolios. Tenants no longer are obliged to pay their rent. Any landlord who continues in such a business faces potential bankruptcy. There have been many excellent landlords who have overlooked the discrepancies of tenants, who for instance don't ventilate their properties leading to mould, then claim dampness to be prevalent, who will leave the market in droves and invest elsewhere. Homelessness will increase exponentially. Rather than shoot from the hip, politicians should consider the bigger picture and consequences of their policies.
There’s also one big hole in your argument. You say all these landlords are going to end up selling, well that’s the idea, they give up a rental property and it’s then available for ftb’s ownership and let’s face it, if as many landlords as you say all go to the market at the same time the price of these properties will be competitive due to the large numbers available. Win win for all those people trying to get on the housing ladder.
Didn't take them long. SNP will be jealous.
Lewisham want £850 for a rental licence started this month, for actually nothing, just a cash grab
There goes Homes under the Hammer!
Well there has to be some upside.
Programmes like that are part of the fucking problem! Buy a shithole, paint and decorate it and rent it out at quadruple your mortgage to a group of illegal immigrants sleeping two to a bed on rotating shiftwork for a company that pays below minmum wage to their boss in albania.
about time the private rental market is looked at though, don't forget council rent for 3 bed semi outside london is 700 and private rent is 1,200. this difference shows the market is broken.
I think renters forget they are in someone else's house...
Cry more.
@@rangerwhite5165 if the tenant pays rent to live in the property it is their home not the landlords.
@@susanansell1653 Check the deeds.....
@@monojit0739 I can perceive the envy of a leftist looser. Filthy piece of crap
@@rangerwhite5165 I didn't say they owned the property but in law it is their home
I sold my rental property a few years ago, even under the conservatives, you were having to jump through more and more hoops, to rent a property out and the balace was moving in the favour of the renter, even then and only going to get worse as time has proved.The result was, one less rental property.
I think all politicians have gone mad. Where did all these supposed intelligent people come from, they obviously have the ‘I’m alright Jack’. I want to make my millions on the back of the people that pay their salary.
The ones that are mad are the ones who voted Labour
Not all. Vote Reform next time
Well let's hope that it hits those who voted them in.
Labour supporting landlords bought properties in places such as Bulgaria.
That’ll serve them right, only themselfes to blame😩😩
some landlords are shite
So are some tenants!
Nothing changes in the rulings of power whoever is in charge, all tarred with the same brush all making the poor person poorer, and helping themselves to the proceeds.
Just keep paying your taxes, that's all they want !!
My mother’s landlord has never given her any services , never done any repairs , never decorated the house , 17 years he broke many laws starting from gas servicing and when she mentions it he threatens to eviction her ! So this is a great idea to protect tenants ! Hardship is when someone becomes homeless !
To whom will they be selling the rented houses. Who will be buying them if the renters cannot buy the houses.
The Banks!!
Black Rock
The big banks
@@boywonder6659 when the banks buy them what do they do with them…turn them into mini banks or keep them empty?
Hedge funds.
Landlords kill golden goose with exponential greed and then are stunned when they finally get clapped back at.
Yup 100%
I have sold our property portfolio. After renting for 15 years. Had a bad feeling all this was coming. Ditch your rentals asap
Will that make the house prices lower so young people can afford a mortgage
No
yes
@@SilverFoxHotTakes Can you elaborate? If vast numbers of properties suddenly become available to buy, and other landlords are not going to buy them, will that not drive down prices?
@@80sandretrogubbins25other Corporates will buy them.. As for selling it's probably best to just air b n b them and sell when property prices rise again
@@davewright9312 Ah, OK.
If I decide not to pay my tax will the courts rule that a forced sale of my home will cause me excess hardship? I think not!
I'm a landlord and will be looking to raise rents once this comes in to protect myself. Well done Labour, you've just hurt my tenants. I'll be alright.
and I hope your tenants stop paying the rent, I would... and if you can't afford to pay for the house without other people working, go and get a job to pay for it.
It says in this very video that not paying rent wont be cause for eviction... put the rent up so you can't pay and nobody WILL pay and you will be able to do NOTHING except sell it cheap to either another landlord or the council, have it sit empty and the government force you to sell it cheap.
You wont be alright, they will.
@@monojit0739well said. The greed of some of these landlords. It’s a shame people opt to remain in expensive areas, and don’t move to cheaper areas. I suppose jobs are thin in some cheaper areas.
Today i helped someone move out of a £900 a month s**thole.
What do landlords actualy do? Easy, easy money guv.
It ain't 'easy money guv' if a Tenant doesn't pay their rent ! Six months minimum to get the Tenant out and all that time the landlord has to pay the mortgage on the property, plus it can cost thousands to get the case before a Magistrate. In many such cases the damage to the property can also add thousands more to the Landlords costs. It's only easy money if you are the Tenant.
How did the landlord get the money to buy the house in the first place? Some inherited, granted, some won the lottery (luck), others worked and went without to buy a future pension. People calling out 'landlords' forget that housing associations are themselves landlords, many investment corporations are landlords, pension companies, including Government pension investment arms and other large businesses also invest in rented housing. There are many different types of landlord and the greediest are the ones with shareholders, not the private landlords.
@simoneverett6081 yes agreed, all sorts of people/organisations are landlords and why do they do it? Easy answer to that one. Vast amounts of income for very little effort. When you say some people worked hard to save for their property. Key word is here is save. The truth is that huge numbers of the hardest working people in society give all their money to the above so they are left with so little they can hardly even eat let alone save.
@@patricksmith4424 The return isn't huge. We looked into it, about 5% - we can get better return elsewhere with less risk! The market will dictate, as soon as the return becomes uneconomic, the rental market will implode. Only those able to buy will then have the opportunity to get their own property, the remaining population, unable to satisfy the mortgage requirements, will fall between the stools, nothing to rent affordably and unable to buy. I am not allowed a credit card, my income is below the minimum required. It is a godsend in the long term, because it means our spending in curbed.
Less rental properties mean higher rents, this won't happen, it's just words for now. Tories have screwed the system with the removal of section 24 and HMO licensing. The market is now rife with HMO mass properties only.
Try selling an HMO. It is unmortgagable unless it is empty and a change of use applied.
After the Covid jab . Docs refusing to diagnosis people . Why would this matter ?
FairPlay Labour, you really do come up with some utter Bull💩 policies. 👏👏👏👏👏👏👏👏
£1200 pcm just for a double room in London! That’s what I’m paying at the minute! Rents are getting ridiculous in London
That is criminal and extortion. I really feel for my children’s generation, who will never be able to afford to leave home.
@@jaijai5250 whilst the private housing sector serves a really needed purpose, these landlords really do need reigning in! I know it’s all about supply and demand and we haven’t built enough houses over the last 40 years! I believe in capitalism But FFS sake this is vulture capitalism at its very worst😄
Of course it won't effect the likes of Reeves and her Liebour colleagues.