Just landlords explaining how to fix the housing crisis | Extreme Britain
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- Опубликовано: 7 мар 2024
- There are 11 million private renters in England and if you polled all of them, I’m sure 100% would agree that it absolutely stinks.
A third of private renters household income goes on rent, which rises to 41% in London. That means that renters have barely enough for Adidas Sambas or Onlyfans.
Renters are five times more likely to experience financial hardship than homeowners and studies have shown that private renters actually age faster.
With 4.3 million missing homes in this country, the housing crisis needs radical action from everyone. Including landlords. Private renting is the second largest type of home occupation in this country so landlords house a tonne of people.
Ed Campbell wants to know what they’re doing to help out.
Reporter: Ed Campbell
Camera: Harry Ainsworth
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I actually agree with the bald man. We DO need more landlords. In fact, EVERYONE should be a landlord... we could call it... owning your own home?
Historically, most people rented in this country. Home ownership is only a recent social intervention.
@@jim-es8qk Your point being?
and if you dont want to buy or ur unable to? what then?
@@jim-es8qk what’s your point? Also thats not true, people have been building homes on their own land since before the Iron age. It was only with the development of government and tax systems that meant people started paying for the right to live
@@thomaswikstrand8397here, listen. I hate that you want an improvement in your country, and to have it as easy as at least the last generation. In fact, why stop at homes? We used to not have the NHS either, why don’t we go and scrap that to?! It’s a recent invention
Landlords "provide" housing in the same way that ticket touts "provide" concert tickets
What idea's do you have to restrict people's freedom?
Home scalpers
They're the Ticketmaster of homes 🤑
Good analogy
Nice one.
Asking landlords how to fix the housing crisis is like asking foxes how to protect chickens.
This comment deserves an award
The housing crisis is not all down to Landlords, not enough houses have been built in the past and with hundred’s crossing the channel every day it will only get worse, because of incompetent politicians who are too soft.
@@andrewpowers2904 Nope only 90% of the problem is down to them, and they are the main cause of prices going up and up. Yet migration plays a small part but its mainly due to the way we allow people to purchase as many as they want instead of respecting that housing and homes are a limited resource.
@@TheSkunkyMonk you do realise the population is going up in this country, 745, 000 last year immigrants came to the uk, I think you’re a bit deluded. It’s obviously going to have a knock on effect to the people that live here, how is that only a small part of the effect, that like building two cities like size of Leicester to re home them,, when we have homeless people here already that need help.
@@andrewpowers2904do your research, its gone up this by around 4% and that has been going down this around 2010. Also look at how many properties we have that are empty for 6month or more....
The fact people accept it's OK to pay £650 for rent but get refused a £400 mortgage on the same property is amazing. The British public really enjoy being bled dry.
NOT a landlord here but I can tell you that people need to learn how to play the capitalist game, the ones that do it make money via properties the ones that don't write comments on RUclips, bad as it is UK it's still a free country. your choice
@nicoanastasio3141 don't act like you are any different. If you understood the "capitalist game", you would recognise the austerity measures put in place that creates socioeconomic instability
What's ridiculous is that it's just as hard to rent a place as it's to get a mortgage.
@@John-ou4rm I agree with you on this one. Especially in London prices are increasingly higher and higher
@@Jamezontoast what does not allow you to buy an house today?
Social impacr? WTF. Landlords don't provide housing, house builders do. Landlords extract properties from the market.
And house builders build houses because they are confident they can sell to buyers, also known as landlords. How daft can you be?
@@ronaldchristenkkson why cant they sell to families? They cant because Landlord price them out the market
@@ronaldchristenkkson How does the landlord (i.e. a middleman) increase the house builder's confidence? Middlemen increase costs, by definition. Higher cost means less people can afford that house, means less demand.
@@ronaldchristenkkson There's another type of person who used to buy houses, let me see if I can remember what they were called... homonus? Homo nurse? How mow knurrs? No, it's not that, but I'm getting close...
if you resent having to pay rent go buy your own house!
Perhaps if we didn't elect so many Multi-Millionaire Landlords who are also part time MPs, then things might improve?
Yep, you can tell mp's don't sell used cars...
Spot on
Just basic ignorance of simple maths
Unlikely
👏👏👏👏👏👏👏👏👏
Unless you are building the homes from scratch, you are NOT providing it.
What about the wrecked houses. The ones that are boarded up and have no kitchen or bathroom. Only an investor could bring that back to market.
There needs to be the option for sole buyers to attain mortgages for those properties that covers estimated repair works rather than another property auction held in a stuffy conference hall at a mid-level hotel that only people with access to serious sums of money can pay up for. Housing as homes, not as portfolio pieces.
@@clairecassey5880 it's not realistic. The UK is a country of decripid old houses. It takes 6-12 months to completely gut an empty house and rebuild it, but only if know that you are doing. People don't have the time or skills to do that. If there were no property investors or landlords the housing market would shrink. If it became easier for people to buy and all landlords sold up, house prices would increase. Landlords are not the enemy, the lack of house building is.
@@DesperateDan3231 Why not have a >100% mortgage then? I.e mortgage covers the house value + estimated repair value. You don't need to DIY it if you don't have the skills, there's plenty of professionals out there you can hire to do it.
@@UisgeBeathaMountain >100% mortgages would make it easier for people to buy, which would increases demand, which would increases house prices. The only solution is to build millions of new affordable homes. Something only a government can facilitate
They should make it illegal for these people to "subdivide" a house into 6 rooms and charge £700 per room. Utterly disgusting.
I agree greed
Well that includes bills and if you haven't noticed they've gone absolutely mad in the last year as well as interest rates, my properties also include a cleaner.
If that's too much and perhaps there's money to be saved by buying a property themselves, then there is no one stopping them. Oh yes that's right houses are expensive! Well it's not like the landlord has free cash they can throw at homing other people, whilst at the same time keeping their rent below the cost price. People need to be realistic, they seem to be looking for charity or social housing.
Business.. I will earn as much money as possible from my 3 houses.
It's not charity social housing needs to be priority the end bills or no bills in these shared facilities
@marklewis3023 oh so you don't make any profit at all and DO do it for the sheer good of humanity without looking to make any passive income off of other people's hard work as the end result? You are such a Saint!! You have obviously no interest in how bloody hard it is for the majority of people to get on the ladder because of people like you buying up all the homes to rent them out to make a profit. "Buy a house themselves", YOU are the reason they can't!! Yes you!!!! But it's OK mate we all feel so sorry for you, our hearts bleed you must be losing all your money owning all these houses, how do you survive?!
“Supplying/providing homes”… The home was already there, you didn’t build it. All you did was create a middleman that drives up the price to the would-be occupier?
Haha. Guess they could've bought the home and left it empty thus not providing a home for people.
@@vmoses1979property value would have fallen …someone could have been able to buy it and live in it
@@vmoses1979moron or troll?
@@vmoses1979Or just not be allowed to purchase more housing than they need for the purpose of f-ing rent-seeking christ there's a lot of parasites in this comment section.
Yeah. Not letting people stay for free are they
Probably best for my blood pressure that I don't watch this.
Yes meanwhile you probably bank with Lloyds who are buying thousands of properties, but target the middle clases
Yup, had to mute it.
@@tf2368Lloyds owns almost every uk bank so there’s no choice
dw youre too acquiesant to do anything about it. i just say fair play to these landlords. the common person is too feckless to do anything.
@@potato1084 no they don’t
I actually snorted when the woman referred to a homeless charity as a ‘pressure group’
That is a WILD view on the world.
that's mad
Almost every charity is a pressure group
@@alexwebster3895 elaborate
It’s true though
She's only seeing it that way because the charity recognise her role as part of the problem. She is a 'have' who cares nothing for 'have nots' and sees the charity as a threatening force attempting to steal from her.
The interesting thing about renting a property from a landlord is that you become the primary provider in their family too!
Do you have any numbers on that ? You know ones that take into account interest rates and section 24?
Think you'll find there's a loophole for section 24 and if they're taxed on the gross rental income so what?! The amount they charge is well over and above any downsides, you think they do it for the good of mankind?! 😂
@@jonathanrichardson1580 man!!! Listen up!
That’s why all the small landlords are selling up!
When section 24 came in it was 80 percent small landlords…
They are going…
The banks pension funds and corporates are coming in!
You try renting from a corporate landlord 😂
You just don’t see what they are doing and that’s deliberate!
Small landlords will just invest in something else. Tenants are the ones that will suffer.
Now shall we run some numbers and prove there’s no money in it with out incorporation ?
Remember incorporation is only worth it if you have five plus properties.
@@jonathanrichardson1580I almost became a landlord last year and actually ran the numbers, 3.5k per month of income on a 4 bed flat in london and it would have cost money eg not profitable...
@@oldmanheats8087 I bet you're ignoring the value of the equity, like most landlords love to do.
Someone paying you rent that is below your monthly mortgage payment is only unprofitable if the rental income is lower than the maintenance costs and interest payments on the mortgage.
The fact they think they're "providing homes" is beyond belief
They lie to themselves. They exploit renters in Britain & lie to themselves, claiming they provide housing.
Buy to let mortgages, multiple landlords are just glorified ticket touts but far worse.
How are they not?... They have a hoover and providing it for a fee.
You can choose to pay the fee and live in the house provided or not pay it and don't.
Agreed... Builders provide homes. Not landlords.
@@Robert-cu9bmThe fee is the problem. You are paying for their property. Literally lifting their standard of living and even lifting them through the class system all by providing you a home. God bless these kind folks eh?
@@Robert-cu9bm
If there were no landlords buying up all the hoovers, then there people would actually be able to afford a hoover from the store.
Landlords do not provide housing, they suck up supply.
But you're right, just chose not to pay the fee and be homeless. Problem solved.
My heart really bleeds for people extracting our wealth and providing nothing to society except increasing the cost of housing
You choose to give it to them.
@@Robert-cu9bm except we don't have a choice do we. It's rent or go homeless
@@ajprop99
Stay living with parents, buy your own home, move in with friends, buy a camper van, buy a caravan, buy a boat.
Lots of options just means a sacrifice.
@Robert-cu9bm oh yeah buy something to live in didnt think of that, only problem is with what money we are all skint, all the money is spent on rent and food.
Also not everyone has friends and family that are willing to host someone or have enough room, most of them are probably renting anyway.
Farmers and Tesco are extracting your wealth in exchange for food. You could grow your own but I assume you don’t. You could build your own house but you don’t, so you have to pay someone else to do the things you can’t do.
It’s how economics works.
Best argument against landlords is just letting them talk...
So true, give them the silver spoon and they dig their hole
Nice paraphrasing of Churchill on democracy. Just ask the public about it lol.
Ha, spot on!
60% of the landlords I've ever had, have not maintained their properties.
I will second that. Unless they live in the house as well, things do not get fixed at all.
Same experience and they all believe they do lmao.
Is this "60" figure upside down?
Lucky
Yeah to be fair it's kinda sad for the leeches too when they suck so much blood out of their host that their host dies.
EXACTLY
Are you taking about humans as a species? I agree!
I agree there are some really terrible tenants that don't deserve good accommodation
@@mikedudley4062 you’re a demented person. Do you think that some people deserve to live in poor conditions or be homeless?
There are lots of people I wouldn't want as neighbours. Let alone living in a house I hypothetically owned.
My heart bleeds for all those milking us for their passive income.
Their passive passive income because as long as houses go up in price, tenants aren’t even a requirement to make money!
As if all renters pay on time, don't purposefully destroy property, and use the court system to stay for free.
if people like you actually had to buy the property you are no doubt living in courtesy of your landlord you could never afford it!
right on! @@ronaldchristenkkson
@tinch Well maybe in another life tinch.😊
HMOs for professionals… once upon a time it was the entire house for professionals not a single bedroom. How the living standards in this country have fallen. The housing crisis is a crime. There should be no such thing as private renting
"We're trying to provide homes for people" amounts to 'We're trying to stop people buying their own houses'
The hatred for of all things Shelter is just bonkers.
in a narcissists mind anything that doesn't support them is bad
my jaw legit dropped at that part
Yeah when the first thing you can think of that's challenging your lifestyle is a charity, you gotta realise that maybe you're the bad guy
@@chrismorrislupb6681 Shelter have run a very aggressive anti-landlord campaign and partly this has led to the mess we are in no, as the government have gone after landlord in style over the last 5yrs. Hence shelter have a very bad name amongst landlords
@@manjeetgill1 ah yes, the tory governments greatest enemy…the property owning class
I can't believe the woman who went for Shelter who are a noble charity that provides services free across the country for homelessness, eviction, and financial problems.
They have lawyers at every court to represent those who can't afford support in hearings of litigations (mortgage or rental)
Calling them a pressure group shows such a lack of humanity
Not that hard to believe though is it. They're parasites.
I disagree with most comments on this thread but yeah you are right on the money here, she really is a piece of work
This comment should be higher up !
When a previous landlord didn't return my deposit because the house was "dirty" when we left even though we paid for a professional cleaner to spend 4 hours cleaning. It was shelter that helped me understand my landlord wasn't protecting my deposit as required by law. They provided free advice and even templates of letters to send.
This lady thinks they do nothing because she is not in the position of someone renting. She is literally blind to the perspective of someone renting which makes me worried for her tenants!
they have no humanity, they are in it for one thing and one thing only, COLD HARD CASH...
How many units can we get out of this house. Eugh. That right there tells you everything about these people. Human needs are irrelevant, only money matters.
Perhaps don’t rent a house share then surely?😂
@@alexc225that's not exactly a choice now is it nowadays
I've personally got no issue with someone owning two properties and renting one out, in fact it's very common some people have a holiday let they use themselves from time to time. The issue is multi-million/billion pound developers hoovering up all available land, slapping flats down and renting them at prices a person who could afford a house outright could afford.
Keyword being owning. Not mortgaged. Buy to let mortgages are a cancerous scheme for the banks greed.
We'll never reach a point where everyone can own their own property either. Landlords are required, but owning 5, 10, 50, 100, 1000 properties like some do should not be allowed at all.
They keep calling themselves housing providers? Are they building houses?
I prefer housing hoarders.
Tesco doesn’t grow the food!
@@heckings No but they source the suppliers and distribute it to locations where we can collect it from. They're actually providing a service that wouldn't happen without them.
They take a single house and make 25 bedsits? 😞
@@heckingsTesco don't call themselves food growers or farmers. They're a supermarket. That's what they call themselves.
They dont seem to understand if they say they are struggling then go onto to talk about how they are looking into purchasing more that it shows they are making money.
Also talking about struggling with money when they have a fucking ASSET of a house to sell if they were in dire straits.
Yeah let me play the smallest violin for your "worries"
Landlords are leeches. They're middle men that force themselves in between the builder and the families that want to live in a house
@@melissagola3786 very god damn true, if they are struggling they have the ability to downsize and have quite a lot of cash
No sympathy at all for landlords.
They don't provide homes they exploit the otherwise homeless.
We say we are struggling so the Brokies don’t get too angry - it’s just easier to pretend to be struggling.
Interesting how many landlords believe people having somewhere to live is an industry and not somewhere to live. Shows how low they have fallen. Next they'll be blaming charities like Shelter for reducing their profits. Wait, someone actually blamed Shelter.
But having somewhere to live literally is part of an industry: the housing industry(?)
Landlords would generally have people believe that they 'provide housing' and that they have a mature, professional outlook. These are the same people (who are often 40-70 years of age) who effectively have their cars, holidays and designer clothes paid for by 20-40 year olds on low wages. Why don't the landlords go out and earn money, save it up and then buy the things they desire? If someone does not wish to own a sports car or go on a cruise, why should they have to foot the bill for someone else's? Social housing as well as limiting house purchases to one per person would solve a lot of problems.
Crazy how these landlords seem to think they are giving something away. When in reality they live off someone else’s labor. So a parasite.
A little harsh maybe? I mean they're not taking the money in exchange for nothing?
Yes, exactly what they're doing. Either they take 30-50% of someone's wage as pure profit (UK has some of the worst housing conditions in the developed world) or their mortgage is being paid off by the renter@@tomtative
Yeah, they didn't pay any money first. 🙄
@@ekay4495 It's not even close to pure profit, and what bench marks are you using to claim the UK has some of the worst housing conditions in the developed world?
Parasite? That is capitalism, whether you like it or not. Everyone is paying someone for the provision of something. Do you get food for free? Energy for free? If your parents left you a home, or you came by it through some other means, would you sell it, rent it or give it away for free? What would you do?
"WONT SOMEONE PLEASE THINK OF THE POOR LANDLORDS?". My heart bleeds for them
Time to sell up and stop tenants renting
@@anonomous8719please do
Buy your own house if you don't like it.
@anonomous8719 That makes zero sense lol
All that would do is increase the housing supply which then causes house prices to fall.
Landlords provide housing the same way ticket touts provide entertainment.
@carguyuk7525 Hahaha not sure if you're trolling or serious
With the man in the red coat, thats typical. He earned A LOT of money through his job, and could enjoy an early retirement. He then earned A LOT MORE money becoming a landlord. And then his only regret is not making EVEN MORE money mortgaging rather than renting.
Id love for these landlords to speak to rough sleepers, homeless families, young people like me (27) who have never been close to being able to afford their 1st home, and people like my friend forced into a caravan in a lay-by by multiple greedy landlords.
Maybe then they would understand financial hardship isnt just missing a holiday to the Bahamas, having fewer 'assets' and having less than £100,000 in the bank...
Gary's economics. A brilliant platform.
He's a boomer, what do you expect? The generation that got, got, got that whines about the generations that "want, want, want".
Totally agree. But... At the same time, do we really want to ban the right to own more property that you can legally afford? Well, actually, come to think of it, wouldn't rationing make sense? They did it with toilet paper ffs!
Just getting flashbacks to when my landlord charged £30 to clean an already clean microwave that would cost less fo buy new and also charge me for the water damage caused by the faulty pipes. Was moving to the other side of the country so couldn't properly fight my corner. Evil bastard.
If government built lots of social housing and competed with low rents, alot of landlords would loose their tenants. It would make the benafits paid to landlords cheaper for the government. Government are always looking for savings. That's a long term one. @@powpow8869
And who's fault is it that they are in financial difficulties?
She seems to think of herself as "providing" homes... but she's not building them, she's just preventing other people buying them.
Landlords provide absolutely nothing, they just hold property to ransom.
Then don't rent from them. If no one is renting from them then the market value will go down.
@@Robert-cu9bm you seem to be going around the comment section implying that people choose to rent. That is just complete bs
@@Robert-cu9bm are you dum? we all still live in the current system however much we'd like it to change.
@@Robert-cu9bm "dOn'T rEnT fRoM tHeM!!" Ahhh yes the entirely voluntary decision to be homeless instead of renting from a private landlord. Very few people are renting out of choice. It's because landlords exacerbated the inflation of the housing market that makes it impossible for us to buy whilst also taking a higher and higher percentage of our wages to pay for their mortgage, which means we'll never have one of our own. They, and the system that rewards them, are the problem.
@@macfrenzy6544
🤣 If you're going to insult someone for being DUMB.. At least not look dumb by not being able to spell simple words.
Just went through rent re-negotiations with my landlord on my already expensive flatshare in London. They insisted on a rise not based on their costs going up, but actually on the fact that the London market has gone up by 6% in the last year (while also not sharing any of their research). How anyone can justify this never-ending upward spiral based on nothing but greed is beyond me.
Nobody is stopping you from leaving.
@@ronaldchristenkkson The response of a child.
Except silly insignificant things like your life or job. Are you a landlord bot? I've seen it all 😂
Because they can.
@@David-bi6lf
He's not wrong, you negotiate if you don't like the terms leave.
Rent is theft. Landlords don't provide a service, they exploit a need. These people are evil.
So should the owner of a property let you live in it for free then? Are you going to contribute to their costs of maintaining that property while you live in it?
@@james8081 Yes, they should. They get their money back when they sell. Low maintenance fee of e.g. max £200 per-room-per-year could be paid into a maintenance account alongside the deposit, which the tenant must be able to see and can only be spent on maintenance. The government should start by freezing then phasing rent out over a number of years, taking properties back into public ownership as necessary to control the market.
@@OverwoundGames It costs far more than £200 per room per year to maintain a building in safe and useable condition; especially an HMO. There will also be the need for major repairs and refurbishments/refreshes on an intermitent basis in order to keep the property marketable. I'm afraid your opinions don't align with Planet Earth, along with your perception that Government can fix all problems. A large part of the reason that houses are unaffordable in the UK is the preponderance of a debt-based monetary system. CPI rather than RPI is used as a measure of inflation by Central Banks (the latter includes property prices, the former doesn't, and is heavily doctored via hedonjc adjustments), and the industrial debasement of our currency via Quantitative Easing since 2009 - combined with ZIRP (Zero Interest Rate Policy), leading to asset price inflation, which includes stocks and property. It is facile to blame small private landlords for an unaffordable property market when they are a symptom of the disease, and not the problem. The problem is "the money" and the Central Banks who set the associated monetary policy. I would encourage you to watch some of Dominic Frisby's videos on this subject, rather than waste your time bashing private landlords in RUclips comments. You will gain a much better understanding of the overall problem, and possibly the knowledge to be able to better your own situation.
@@OverwoundGames To add to my prior and much longer reply, anybody who has had the pleasure of dealing with a leasehold or social housing department at their local Council could disabuse you of the notion that taking housing back into public ownership would fix the current problem. These people are not easy to deal with, and it can take constant and regular chasing. The public sector have zero incentive to offer an efficient or competitive service, because they represent a State Monopoly with no competitive threat to what they offer, to incentivise them.
@@OverwoundGames Why do you think a State bureaucrat will give a toss about tenants? Some of the worst abuses in the sector have been with Social Housing Associations and councils trying to recoup money where ever they can.
Around 40% of landlords don't have a mortgage on their rental property. Why have 100% of landlords put rent up for their tenants?
That’s my landlord. Rent up 22.5% per month this year. Property bought in cash 8 years ago. Scum
They'll use bullshit like "the local market rate went up x amount. So your rent is".
@@HollowtrianglesThat's a pretty steep increase. Are you looking at other options in that case? The increase is above the market rate so you could argue that its not compliant with your tenancy contract if its not detailed in there.
You don't "lose money" every month when you end up with a valuable asset at the end of your mortgage 🤷♀️
They're used to buying cheap and selling high, risk? luck? No they're just smart ones for finding the money trick!
The concept of a stagnant asset and high interest is foreign to them.
One reform should be you are not allowed to have a mortgage on anything but the home you live in. At the very least the rent should be fixed at the price of the mortgage. Like previous poster said, the landlord gets the property at the end of the 25 year investment.
One idea that I found intriguing is extending right to buy to private rents
If you've paid rent on a place for the required time, you have the same right to buy at a diacount as council tenants do
@@markwelch3564 I worry this would motivate landlords to kick tenants out on a regular basis.
funny how these people never mention this
Ah yes the old evil bastards... Shelter :|
Pressure group.. not a charity... unbelievable
Hmmm shelter not a charity (but it is) but Eton now that is a charity (but it ought not to be).
Too many migrants you are competing with
Since you love Shelter so much, ask them to provide you with...
Shelter :)
The problem with taxing landlords is you know exactly what they'll do, they'll just increase the rent
Pretty much all tax increases applied to people who produce things or provide a service are passed on to the consumer in the form of price increases.
So don't tax the landlord, cap the rent.
@@planetjason1 why is price fixing your proposed solution? Prices are important pieces of info.
@@TimG-lq1peit can be done dynamically. for example not higher that x% than the actual utility cost
I respect your patience in not asking the guy who says he's a "Housing Provider" whether he's built any houses.
A landlord's definition of losing money is not making as much as they were before. So for a good chunk of these people when they say they're losing money they mean that they used to be able to make £8000 of pure profit. And now they can only make £6000 of pure profit. And to them that constitutes losing money every month lol.
this
actually, in the UK, you can loose money on a property. I am owning a house where I am living at the moment, but at some point I was considering to buy another and let this out, but when I did my numbers, it doesn't look that great, so I doubt that I will do that. Lets say, I would manage to let the house out for a £1000 per month, then I have to pay 40% tax on it, which will leave me £600 per month, then I need to pay mortgage for this house (at the moment I pay £500 a month with old interest rates of 2.5% and for residential mortgage), so I would substitute 500 out of 600, and I have only £100 per month, if mortgage rates will be higher when my fixed term ends (and they will be higher), then I am completely screwed! I don't know how some landlords can make any money at all! Teach me please if you know how they do that.
Lol incorrect
You have absolutely no idea how it works.
You're blinded by the propaganda that is likely funded by the larger REITs to squeeze out small landlords.
@@tatjanav9657 I'm not an accountant and this is not financial advice but as a layperson, it seems to me you should set up a limited company to buy the house you want to rent out. Declare the mortgage and repairs as a business expense. You then will only pay tax on the profit from the rent after you've paid for mortgage/repairs etc, and that's at 19% corporation tax. Any rental income over that you choose to take out of the business you would declare as dividend which is taxed at a much lower rate than salary. And that's only if you choose to extract it. If you leave the money in the company, the company can invest it in a high interest savings account or stocks and shares and provide a bit of interest/dividend income too. I'm a renter myself but if I had the capital to buy a second home to rent out, this is what I think I would do. Accountants feel free to chime in on why this is a terrible idea 😆
Landlords should fully pay their mortgages first before retenting out their properties. I do not understand why renters should pay for their mortgages
*and Taxpayers, plently of landlords rent to Councils.
Renters pay market value rent. If rents are high its because their are not enough rental properties in the market
@@jim-es8qkno shit, a lack of houses being built and all spare accommodation being milked for some wanker's passive income leads to this sort of thing
Either easy your paying for it.
You don't have to, buy your own
Landlords offer a product that consumers are either willing to take or not to take. The competition amongst landlords is considerable. How they manage their finances is irrelevant.
Would you not buy a Toyota because of the company's debt? Product and price. That's all that counts. If you want the price to go down, lower demand. If you want less demand, lower immigration. England's landlord's biggest fault is that they've been pro immigration for the last 40 years, and they knew exactly how to capitalise on it, too. They convinced the left that immigration was good.
Landlords don't seem to count the increase in house value as part of the equation
The idea that they are "providing housing" is pretty shocking and shows just how out of touch they are. Unless they are building the houses, they already exist. Nothing extra is added
Housing providers hahah, the house was there for use before you bought and rented it out mate...
It was only available to buy though and not everyone wants to buy. When I was a student and for some years after I didn’t want to buy a house (Not that I could afford to) because I didn’t want to be tied down to a specific area. Rental accommodation is needed, just not with the associated price gouging that is the current norm.
- use your wealth to buy all the food in a supermarket
- offer the food to hungry people for double the original price
- "I'm a food provider"
@@imnottellingyoumyname3050that’s an age old business plan… Amazon eBay full of shops who bought from wholesalers and sell to public… do you think everyone has to make something? 😮
Lots of houses for sale, go and buy one
@@imnottellingyoumyname3050 That’s not really a fair comparison. Landlords do not own 100% of housing so not ‘all the food’ and to buy a house you need a deposit which not everyone can manage, so your supermarket would have to charge an entry fee on top of the cost of its products. The rental market is broken in that people are forced to rent instead of buying, but for some, rental properties are what they need. Fair rent and fair contracts are what’s needed.
If you buy a house, and have someone else pay 80% of its value, you’re not a landlord, you’re a scrounger getting a free house.
Exactly!!!!!
Out of interest, what percentage of a property’s value do you think is acceptable for rent? Not everyone wants to buy so sone rental properties are necessary but it wouldn’t be reasonable to expect to pay zero rent. I don’t have an answer to this question myself, just curious if you do?
@@pete1942Zero. Rentals should be publicly owned - not a penny should be pilfered off as profit.
@@thomaswikstrand8397 But zero percent would be zero rent. No council will hand out homes for free.
If you asked for an 80% investment in your business, the shareholders would expect 80% of the value of that business if it was sold on.
If you put down a 20% deposit, and someone else pays the mortgage for X years, then when you sell that house, why don’t they own the percentage of it that they paid for?
Because it’s a scam.
Landlord next to me owns 60homes. He has now put them all up for sale including his own home. Why does someone need 60homes baffles me.
1. Landlord are not trying to "do the right thing". Landlords are trying to make money. They couldn't care less if a tenant died. They would just want to know from the family how long it will take to clear his stuff out because they want to rent to another tenant to fill their properties.
2. The are not "housing providers". If they didn't have those houses then the government would have them for people. They didn't build them off their own back.
3. One house is enough. Greed Greed Greed.
I am glad the Gov has reduced their profits.
What would fix the housing crisis, is building a few million affordable homes
Only with some provision like you can only buy those homes if you don't own any property at all. Otherwise landlords will buy them and jack up the prices.
There are Tory MPs who legitimately think the crisis can be solved without building more houses.
@@Tommyleini
Absolutely. It means having a provision like that.
@Gph But not where you live..and that's the problem!
@@chatham43nah screw it my house price plummet if it means younger people can buy a house.
the same guy that mentioned social impact said that landlords shouldn't help to alleviate the housing crisis. The truth is that the UK needs more non-market/non-profit housing, and not these clowns.
Referring to being a landlord as an 'Industry' is like referring to sleeping as exercise.
It's amazing how they will talk themselves into looking terrible over and over again.
When I used to live in Southend it was well known that there were 4 families that owned over 500 properties each. It is obscene and they control the market
so we need more houses, so that landlords can buy more houses so there are no houses again? Did I get it right?
Exactly, it really annoys me when people say build more houses to fix the housing crisis. Yes there is a shortage of actual homes, but until we fix the private rented sector all you're doing is allowing the already wealthy to build their wealth.
If landlors can't afford to pay the mortgage of their properties and they're feeling the squeeze, maybe they should stop buying avocado flats and caramel latte bungalows all the time.
I saved for 40 years to buy a rental property for retirement. ..just a warning to anyone thinking of being a landlord, its not easy, I have had to evict 3 tenants for non payment. .even though their benefits covered 90 %of their rent, they would rather spend the money on cars holidays drink and cigarettes, in fact anything other than rent, then when they receive the court papers, you get shelter on the phone. The court system is broken and you end up losing thousands each time this happenes ..ihave a lovely young couple in the 2 bedroom house, and hope they stay
Shhh, you might piss off the socialists
Crisis a charity helped me back into a place until I was able to be rehoused back onto social housing 6 years later.
This is what’s wrong with our country too many greedy selfish landlords.
Too many migrants taking housing.
The problem is too many people want to live a Free Life...
55% of people take more from the tax payer than they contribute....
If you did that in your own company you'd be losing money and go bankrupt.... Oh the country is, funny that 🤔
What's wrong that ignorance is so prevalent from people that don't understand these things actually cost a lot of money and aren't free....
Buy your house, you pay the £3,500 for a new boiler and the annual £150 service, or the £30 a month for building insurance, what about a new bathroom and kitchen every 10 yrs at £12,000(cheap) or £1,200 a year and £100 a month, the trouble is because you've never had to pay the costs of repairs, so you have no idea of the real costs that aren't free
Comments like these are what's wrong with this country among others..😂
I'd blame the banks who fund all this misery in the name of profit....
I was forced out of my rented flat last year after living there for 20 months, because the landlord's agency told me they were increasing the rent bt 42%. Their justification was that they hadn't increased it before because of covid. The average yearly rent increase in my town was 3%. Funnily enough, my employer wasn't able to give me a 42% payrise to match my rent increase.
10:02 lmao 20% margin is an excellent take in any other sector, let alone 30%!
These guys have it sweet.
A 10% margin is typical elsewhere, you're raking it in at 20% like it's VAT.
Tbf that's an unusually high yield overall.
Landlords steal the home equity of the working class. Having a nationalized mortgage bank that guarantees home ownership to all working class, would allow those forced to rent, due to unatainable private banking requirements, to build their own equity.
Try a communist country, you'll definitely get housed there..
You idea is very interesting, however what will happen to immigrants who are new to the country, will they be allowed for a house with this nationalized mortgage? And what about 18 year olds who don't want to live with their perpents any more?
Absolutely a nationalized mortgage bank that is a monoploy is the right way to go. The government can print any amount of money needed to enable everyone with a job to own a home and build equity. And the interest paid can be used to fund the government.
@@vmoses1979 sound good, try China
@@AlexSavage Wankers never present a solution - they just wank away.
Funny how these house stealers claim they are providing a social service, when what they do is raise house prices, create HMO’s.
I do not wish to prevent people becoming financially independent, just not on the back of those people competing to purchase their own home…
They own the asset and have their tenants pay their mortgage?!
Absolutely ignorant people.
This only happens due to the excessive demand. If the government would have met it's house building targets we wouldn't be in this situation..
@@AlexSavage700k more people moved to the U.K. legally last year…however many houses are built up it won’t matter.
@@mollymo6229 it would if we were to keep pace, don't forget that many have died since 1980s too and having motivated immigrants is a force.
A quarter of private renters are on housing benefit or universal credit.
So the benefits system is being used to fund private landlords.
Therefore private landlords are benefits scroungers (25% of the time anyway).
I have no sympathy. I think a lot of people get into it thinking its easy peasy and no work and then complain about the fact they have to work for their money. They seem so delusional as if they're doing it out of the goodness of their heart and deserve our sympathy.
I really wanted to be in London W14, standing on the other side of the street shouting "OH HOW FUCKING MAGNAMINOUS OF YOU! LOOK OUT ED, HE HAS TUNA!"
All those people who claim that they can't afford to buy a house are talking rubbish ! Of course you can buy a house ! But, for someone else, not for yourself obviously 😢😢
well yeah! Our government is happy to help people with rent so that cash goes off into private hands but helping people buy there own lol.
I’m 35 and unemployed so I’ve had to take a weird housing situation where I live in a council house with a strange couple that make me call them Mum and Dad.
I’m starting to think this country is broken but I do hope these out of touch wealthy people don’t feel the brunt.
The Armed Forces is recruiting
@@DesperateDan3231 nah I’m alright I don’t feel like fighting for a country with a track record like ours. And in turn you wouldn’t want me defending the country I’d be pretty useless at it. I’m more into the arts than weaponry.
And also I value my limbs too much I have found a passion for wanking in the middle of the day being unemployed and stepping on a land mine might effect that.
@@DesperateDan3231 nah I’m good I wouldn’t want to fight for a country like ours. Also I’m more into the arts than weaponry.
@@Chris-rl9on don't rush to discount a career in the Armed Forces. If you joined now you'd be able to retire at 55 with a decent pension. You'd also have access to very cheap accommodation, food and travel. I have military colleagues who are videographers, photographers, musicians, linguists and cultural specialists. Each camp also has some sort of arts studio or society. It's not all flack jackets and guns. Keep well.
And ptsd potential loose a limp, became neglected by your own country who don’t care about you, it’s easier to recruit fresh meat for the meat grinder then trying to fix the person when they come back
What we need to do is offer mortgages based on rental costs, so if you can afford the rent of - say - £1000 PM, you ought to be approved for a mortgage of say -£800 PPM
And that paying rent on time should be part of your credit score.
3:55 Lol, lets rename ourselves so we don't sound as bad.
Landlord sounds feudal - well pal, if the cap fits...
Who cares what you call us, we're still rich!
Now pay up.
I prefer landbastads personally
@@ryangrange938I prefer that too. Landbastards it is 👍
Imagine what would happen to the price of houses if all the landlords sold their excess properties.
Have a look at dublin currently,
@@paki20 is that really what happened there? Landlords divested themselves of their assets, and house prices somehow increased as a result of the oversupply?
@@MainlyHuman it seems so, new landlords enter the market filling the void, the problem with that being property sales take a long time plus extra time for renovation work after that, so many properties are off the rental market for those reasons,
Couple that with developers not being allowed to build and mass migration driving demand even harder
One person that wins then will be companies like black rock mate
@@almostfamous1685 the government makes the rules and they are incompetent unfortunately
Being a landlord is a business. Owning and running a business is going through good times and bad times. As a business owner, if you can't save or sell assets to ride out the bad times, the onus is on you, not on your customers. I've never heard of any landlord lowering rent when inflation and mortgage rates are low! They want all the benefits and none of the downsides. If a person buys a home with a mortgage, with the intention of renting it to make a profit, then they should factor in the possibility of inflation/mortgage rates increasing. It's not up to the renter to pay someone else's bills.
Low inflation doesn't mean prices get lower, I believe what you mean is deflation
I was very grateful for landlords when I went to university. I had a massive dog, and I didn't want to share some dorm. I rented for the duration of my studies and then left.
We should put people who willingly say they are going to let 15-50 properties in secure wards where they can’t hurt themselves or anyone else
😂😂😂 There must be a streak of madness in those people.
Or a coffin.
Tenants feeling the squeeze:
Might be evicted and made homeless
Landlords feeling the squeeze:
Losing money but still owning an incredibly valuable asset but being super upset because their EXTRA money is lower than it was.
I agree with your comment to a point but not all. Did you know that if a landlord has a bad tenant it can wipe out several years of profit? This is a business at the end of the day. If it's not profitable the landlord will be forced to sell possibly at a loss, the tenant will have to find another place at a higher rent as the housing stock will be less. Think about it..
No they sell it reducing rental properties available and that's why you get 50 applications per property
@@mikedudley4062I’m curious about why you think that is the case? The property generally doesn’t vanish when sold. Either it is sold to another investor and is still available to rent, or even better, gets sold (cheaper?) to someone who wants to live in it as their home. Possibly moving someone from renting into home ownership. Why real estate speculation should be a protected form of investment is somewhat confusing.
no, renters rarely buy because of a number of reasons.
They don't want the responsibility and cost of buying
They can't afford to buy or have bad credit history so no one will give them the money.
Renting is largely temporary accommodation for people moving jobs or changing cities... So renters rarely buy.
The property is lost to the rental sector, thus as a result there's an even bigger shortage of rental properties, making it harder to move, or change cities and leaving areas of the city without jobs filled and struggling economy.
At the high of home ownership under Thatcher 68% of people owned, which means 32% never have, and never will. Yet the last time I relet a flat, 50 people wanted it.... That has trebled in the last 5 yrs, and with 700,000 immigration that's getting worse and worse. Shrinking rental properties and only 200,000 built due to "green policies"
@@mikedudley4062 A LOT or landlords are now asking for credit ratings as part of their applications now and asking for a full year (sometimes more) rent up front. The difference between renting and buying is becoming more and more similar for a lot of people.
Green policies also have fuck all to do with things, nor do immigrants. It's rich land and property owners being members of the government who want to do all they can to ensure their assets are worth as much a they can get for them, by lowering the supply of product to a market in VERY heavy demand. Blame the government for their lack of new building schemes and shitty regulations that perpetuate the issue. Not the people actually looking for somewhere to live.
It’s incredible hard being a landlord, they lose money every year on these properties. It’s purely their love of mankind that drives them to accumulate property so that they can subsidise the poorest in our society.
There are too many private landlords which constrains the supply of housing and just take money from the government in terms of housing benefit. If the housing benefit was invested in social housing, and right to buy scrapped, the money would stop leaking out of the system
People should only be able to own one home. The rest can be social housing.
2. should be a limit of 2. If anyone who wants to own more than 2 should build new ones. So you can own 500 houses if you want but you will have to build 498 new ones.
Why should the taxpayer subsidise social housing?
@@manni192 yeah and why should the taxpayer subsidise health, or schools or any other social good
@@edmills9160 so you think people should pay taxes to cover housing costs? What next govt pays your food bills?
Work harder to earn more and you won't need to worry about social housing
@@manni192 that's what the govt does through universal credit
All the pressure groups like 1 charity
Under Tories landlords mistook a deregulated housing market for being entitled to earn wealth off wages of other’s incomes. They try at conferences to rebrand themselves as ‘housing providers’ but their motivation is 💰 . They’re not ‘losing’ money- they’re insatiably greedy.
I'm 32 and bought my first home at 24. One thing is for sure though: I couldn't have done it on my own. It relied on getting married at 21, living at home until that time (and even a year after getting married!) and pooling all our savings and income. One person can't save enough on their own for a deposit. It isn't possible. Stay at home, save up as best you can, get married, pool your resources, buy a crap starter house like we did, do it up and trade it in for a better one. It's worked for generations and largely still works even in this climate. Rent is a trap. Avoid it like the plague.
With the events of the last couple of years that's become even further away for people than it already was thanks to the huge interest rates increase. Thanks, Liz!
I could hear the world's smallest violin playing in the background as these interviews were happening.
Of course nobody doesn’t talks about landlords not making money
Because landlords are making money
Yeah, some are, for sure. Plenty aren't though, which is why there's so many rentals on the market.
@@davidbrayshaw3529the last time I checked houses make money just by being an appreciating asset
So all landlords are making money
Yeah sure some are really dumb financially and can’t actually really afford to be landlords
So I’ll rephrase to, any landlord that has outright bought their property is making money, tenant or no tenant
The sooner we eat these people the better
Try going on to a landlord's forum to see people that have had there houses wrecked and couldn't keep up with mortgage payments, couldn't get the leech tenants out because an error with the paperwork, 9 months later the tenants are still there... There is good and bad landlords and tenants, let's hope there's only a minority for both.
@@goychdid you know if you get a bad tenant it could wipe out several years of profit? This is all taken into account when rents are set. If more house were being built prices wouldn't have appreciated this much, if immigration was lower, houses and rents wouldn't be as high, are you sure you are point your thinger in the right direction?
@@AlexSavage shut the fuck up dude, this has nothing to do with immigrants and everything to do with landlords being cunts
Fuck….off
I am a landlord. Fortunately, I do not have a mortgage on my property as it was inherited.
I have not put the rent up, firstly because i dont need to cover a mortgage and secondly, I want to give my tenants the opportunity to save to buy there own home.
I am blessed to be in the position I am in, and know that my uncle will be looking down on me proudly.
Housing providers, the embodiment of empathy and social spirit.
"It gets a bit to difficult sometimes". There was me thinking going out to work like the majority was just like a stroll in the park.
XD
She really said they are giving homes to people that cant afford to buy. Insane when the tenants actually pay the mortgage, taxes, upkeep and the landlords salary. So that is obviously not the reason they aren’t buying homes.
My last private rental.. Monthly £175 (old poor quality house with zero mortgage against it).. It was rough.. It was cheap.. All's good. WE were free to look after houses. It was part of the "deal".. Look after the wreck and I'll keep your rents rock bottom.. Landlord retires and hands it over to his son. In 3 years rent increased to £575 a month.. Money spent by landlord on upgrades?.. £000.00 .. Little scumbag mortgaged it to the hilt and then made me pay his bloody mortgage plus 40% His father was a lovely man who used to turn up from time to time just for a chat in his 15 year old car.. Son turned up ONCE with an estate agent.. driving his new £350,000 Ferrari.... of course while he was showing the "valuation agent" around one of his tenants did something to his rich boys penis substitute.. We laughed.. There used to be a community of us skint people living in his street of old (1879) terraced houses.. Not any more.. Nobody who was there then lives there now and every 6 months there is a "to let" sign in the front yards
In my opinion one of the problems is landlords who have the house with a mortgage. Mortgages should only be available to home owners. Invest the capital elsewhere if you can't afford to be a landlord.
There’s a simple solution. Build more houses. Increase supply and prices will slowly start to fall and it becomes harder for landlords to price gouge tenants
I reckon the woman railing on shelter is just annoyed that they keep sending her fundraising circulars!
Please prove her wrong and tell us what housing have shelter provided..
@@AlexSavage Got to agree most of our charities these days are worse than landlords, just look at how much cancer research spends on raising awareness and the salaries of the bosses and how much they put into real research, the amount they get is insane yet they dare look at possible cures. same as the housing problem. just make a 2 home limit and put all the other properties back into local council hands with the right buy.
Me and my housemate pay our rent on time and whenever we ask our landlord to fix something, he berates us
Consider yourself lucky he doesn't evict you on the spot.
Go to the council and make a complaint
Don't pay rent for 6 months and let him go to court
We MUST MUST put a cap on the amount of properties individuals can own, it's absolutely insane that any individual can claim they want 3, 4, 10 properties without flinching. UTTER MADNESS.
3rd homes and more should be taxed at 99% of their value. That'd stop grabby people snaffling all the houses
yes, and their would be even fewer rental properties to rent. Good plan.
@@jim-es8qk rent costs more than a mortgage monthly in most cases though
@@Me0wish A mortgage is a long term commitment, the choice is yours.
Save to get a mortgage. Don't rent
they already are! if the landlord is not a company, but doing it on his own, then he needs to pay the same tax as per normal salary. For example, if he is a teacher, earning £50k a year, plus he has a renting property from which he can get 12k a year in rent, then his total income is 62k a year (and HMRC doesn't care if he still pays mortgage on this house), and so he pays 40% tax from the rent he gets from his tenants (as all the earnings above 50k are taxed at 40%), and if his mortgage is higher than £600 a month, then he will end up with 0 money from the tenants, and even will have to pay from his own teacher's wage for any repairs he needs to do for the house.
The way landlords say it's not them, it's the "bad landlords" who are the problem. But, if you asked them to quantify what a bad landlord is, they'd struggle. No landlord will admit to being or knowing a bad landlord, so there is no self policing or accountability
Was it 85% the figure they picked out of fuck all as the percent of "good landlords"? No quantifiable data other than their own word not anything to constitute what a "good" landlord is. Reversely, if they had 100 landlords attend their meeting, 15 of them are cunts by their own admission.
A lot of landlords are lazy. Just hire an agency and let them do the work.
The agencies are the ones that screw the tennents. Rise the rents. The landlords just choose to be ignorant and pretend they are the good ones.
How would you define a bad landlord?
@@denniswillson5990 A slumlord who is "too busy" to do any repairs and frequently reminds their tenants that they can be replaced at the drop of a hat for someone who will pay more (accurately).
Jacks up the rent every chance they get as well.
Easy. Are they a landlord? Then they're bad.
@@denniswillson5990
Whether you’re a rich landlord or a poor landlord, you are contributing to everyone else staying poor. YOU raise the price of homes. YOU whittle away at people’s savings.
The lack of self-awareness, entitlement, and victim complex is so insufferable. If you have to make money from your wealth, at least invest in something that's productive, and not exclusively/literally rentseeking.
How is letting a home "providing" one? You didn't build the fucking thing. Brick layers, plumbers, electricians etc. provide homes.
Go ahead and buy it! Stop moaning.
What about the landlords who take on wrecked & boarded up properties that need significant investment to make them habitable. They bring rental properties to makert that wouldn't have been there
@@DesperateDan3231 what about the landlords who park their money in said properties and make no effort to bring them to market whatsoever. Plenty of young couples out there looking for fixer-uppers to actually live in. Especially considering the rents set by these landlords cost more than a mortgage.
@@AlexSavage It's a matter of fact. Landlords produce nothing.
@@dillongreaney4265 If that were true, what would happen with the people that couldn't afford or do not want to buy? Were would they live? Why are the councils housing everyone for free? Think about it. As long as there is demand someone will have to supply it. This is a business at the end of the day and not many are charities. Sad, but true
Providing homes for those who can't afford to buy by renting for more than the monthly payments to buy. 😅
Exactly.
*The solution is to pause immigration for everyone apart from people in the construction industry, pause the selling of property to foreign buyers, free up more greenbelt land, remove excessive regulations and lower taxes. Or in other words: increase the supply and lower the demand. It's not rocket science.*
Capital gains tax is a disincentive to selling a second home. Remove this taxation and I’d expect a big percentage of second home owners would sell , which would free up the market for buyers.
This "good landlords" and "bad landlords" dichotomy drives me mental. It is the practice of landlordism (or rent-seeking, as it used to be known) that is harmful. It is unproductive allocation of capital that sucks the blood out of the economy.
Agreed. Landlords are just product scalpers with more money and less morals. Imagine that 100 people bought over half the available tickets for tailor swift and then sold them back at a wildly inflated cost. Would be be having a conversation about the good scalpers vs the bad? I don't think so.
But it's even worse. Imagine that those tickets lasted forever and that instead of selling them they rented them out to the highest bidder, and that when new tickets were issued they were just bought up by other scalpers because the average price had been driven so high... and now I'm basically just describing a landlord is but it's truly fucked and almost impossible to view in a positive light lol
There’s 100% a straw man argument there
Edit: sorry, read that back and it seemed a bit misleading lol, I meant the landlords to be clear not you
That's just ignorance. At the very height of home ownership under Thatcher, 68% of people owned their own home, by default 32% of people rented....
Seems you have alot of opinions but very little knowledge
@@mikedudley4062 simmer down and take your meds old yin
Landlordism 🤣. It's been going on since the dawn of time. They were called tenant farmers in medieval times. And workhouses in the victorian times. And council housing in the 20th century. Shelter is a human right, but it's one of those rights that you have to pay alot for. Affordability is purely down to supply not landlords. Only your governments can build not-for-profit housing.