The issue is that either the renter or the owner (Landlords) must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 60 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 18 months just by copying trades from a broker that has better skillset and technical know-how than me.
More and more landlords with single property , are selling up. Meanwhile rent prices are rocking up. The government just messes things up for landlords and renters.
No, landlords are stepping in between people and home ownership. They bring nothing to the table. Too many of you are suffering from Stockholm syndrome. You need to confront the government on mass immigration versus home building. Landlords are not the solution.
As a renter, i couldn't be happier. More housing stock and continued house price decline. I might just might be able to afford to buy at one point jn my life 👌 Next we need to ban Buy to Let mortgages and start criminally prosecuting landlords for theft on issues like illegal deposit deductions
@@XxBruce5002xX Well thats what you would normaly think, but in the end big investment funds & companies will buy up by overbidding, while the average guy will still not own anything
@@davids3282 I would make it illegal for any conglomerate - especially HQd abroad - to purchase existing homes and force any current companies of any kind, Plc, Ltd, and of any size, to sell ex council housing. If any council properties are currently occupied by tenants, they'll have the opportunity to buy it at a discount. The private sector has taken the absolute piss with housing and we need to radically fix it
Small landlords with a handful of properties don't donate to political parties. Funds and insurance companies do so a market has been created for them to become landlords with enormous portfolios.
You are the first person that has been honest about whom they will vote for and I am so glad to hear it as I will be doing the same, now with confidance, thanks to you.
All landlords rights have to be taken away. Landlord should have no rights at all. And second, major companies and banks shouldn't be allowed to own massive amounts of rentals. Slowly force everyone owning more than a couple of properties to sell it to young families.
@@GenomancerBotso how do you expect people who pay rent weekly to a landlord be able to afford a house is landlords get abolished. More people will be on the streets
@@simmzy8459lol LL do not build houses, they gatekeep them. What do you think would happen to property prices if LL were not allowed to extract rents from them?
I understand the feeling of not wanting to vote as no one in this election is offering hope or real change but you must use your vote always! especially to remove this tory government. Vote for the party that is most likely to stop the party you like the least from getting in
what rubbish. That won;t encourage parties to have sensible policies - just vote for us if you hate the other lot. Nonsense. I can't belive they let your type vote.
You can’t make a decent profit on rentals even now and all the hassle not to mention the ever present risk of getting tenants from hell. Labour needs to build much more social housing don’t expect landlords to foot the bill and make peanuts, all they will do is drive landlords into selling up and reducing the rental availability
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Shouldn't invest if you haven't got the stomach or knowledge. Sorry you bottled it but you can't blame any government for your choice to panic sell. Only invest money you can afford to leave it and have your emergency fund ready
I put my money where my opinion is as small landlord I sold in a hurry for less than estate agent suggested to manage my risk about labour. I'm not certain but don't trust them not to pile costs, legislation and taxes on landlords. Just to make themselves popular with a few voters. Small landlords have lots to worry about and I didn't see labour making it any less. Lots of people hate landlords but many of us are just old people who worked for everything they ever had, paid thier taxes and now just want an income stream in our old age.
You did good. But do you think people care if landlords will go bust? Not at all, quite the opposite. That will free a great chunk of properties and will hopefully bring down further the prices...
Well I'm sorry but there's alot of young people who actually want to life their lives and start family's. You guys got to buy houses for peanuts and have a family at a young age. Now people are overcrowded, will never be able to own their own house and can't even do the main thing you suppose to do as a human which is reproduce. You guys have 0 sympathy from anyone under the age of 35
@@alastairchurchill2402 Right Wing is better than what we currently have, the balance has been pushed soooo far one way you need radicalism to bring the UK back into a balance
I rent. My landlady is always putting over me that she wants to sell in future but no idea when. I have tried looking but moving is ridiculously hard. I understand longer notice periods as moving is just that difficult... A landlord has a right to their property, but tenants just don't want to go homeless. What i want is some reform to protect me from homelessness. And that can come in many forms, but again it needs to be fair to landlords also. A tenant who is paying there rent and doesn't cause issues should be given more options... but the lack of housing is really the real issue behind everything.
Totally agree,. I also hate the play they use of putting Landlord vs. tenant. In reality both need each other and work best when both behaving fairly. Unfortunately extreme stories seem to control the narrative. I would look at addressing the balance in property availability before tinkering with this market as it could go wrong which benefits neither Landlord or Tenant. But does common sense work in British politics?
@@seabreeze4559 agreed. They shouldn't be constantly mandating to there tenants about selling if they have put it up for rent. They are lucky to be able to have more than one home.
The lack of housing is likely to rocket 🚀 out of control ! Back in 2008 when I looked at property (during the crazy off plan redevelopment of London) the UK 🇬🇧 back then was 350000 homes 🏠 short per year !! At that time it was purported that in 10 years the construction industry would catch up ?! We are now at 500000 homes short per year lol …..it’s all by default and design !
That's because landlords are mostly opportunistic sociopaths who use language insincerely in order to pretend that what they do is benign when most often it's predatory. To the landords who are exceptions to this generalization, thank you. To the rest, I've nothing but contempt for your mindset and behavior. If people want to speculate/invest on non-essentials, I'm all for it. But when you turn your speculative mindset to things that are fundamental to a baseline quality of life (housing being one of them), the inhumane perspective that you bring to holding hostage people's need -- yes, I said it: *NEED* -- for housing at affordable prices is unconscionable and inexcusable.
@@RichardHarlos Yes - bleating about Capital Gains tax when we have enjoyed a rise in value of our property due to societal economic factors is pretty tragic - wanting all the gain without any of the pain. And as though any attempt to rein in a market which is eating young people's energies and hopes is some sort of outrageous Marxist attack
@@TheRealTuesdayWeld Agreed. One analogy I find thought provoking is to consider society as an organism, and to consider people as the cells. In a health organism, each cell does what it does as a matter of genetics. It's their 'duty', if you will, to do what they do, and the result of this genetic 'programming' is that the organism benefits overall from each one doing what they do. If some of that organism's cells begin doing whatever they want (growing too big, or multiplying too quickly), we call that 'cancer'. And there's no sensible medical reason to tolerate cancer. If it can be surgically removed, then that's a path to follow. If it's so invasive that surgery isn't' an option, then treatments like chemo and radiation are sought... to **kill the cancer.** Because cancer does not serve the organism; it serves only itself. Now this is only an analogy. And, as all analogies are, it's imperfect. But the utility of analogy is found by focusing on the parts of it that serve the intended purpose of helping us to understand one thing, by associating it to something that's similar in form, function , design, etc. I'm not saying we should kill the landlords :) But, I do think there's some value in killing the **mindset** of the landlords who justify holding hostage that essential resource of housing for the sake of profit. How to do this, I don't know. But the necessity of doing this seems irrefutable if -- and I know that's a big caveat: *IF* -- the health of the entire organism is regarded as valuable, even imperative.
@@RichardHarlosits coz we have always had bad tenant when we made it easy for them.. cheap rent..450.00 month..no deposit..no credit rating ..no guarantor. All we got was tbousands in missed rents..destroying the place and more. X
Maybe, but Tories have already reduced capital gains tax allowance to £3,000 - can't see that being hit further. Plus, many investors are now owning property in a Ltd company, so CGT would be irrelevant.
@@matthewcox6490 They will equalize the CGT rates with income tax rates i.e 20,40 and 45% respectively. Maybe not all in one go. If your properties are in a limited company, when you sell you will pay less tax on the profit than if you own them in your own name. but many landlords have properties in their own name which they have owned for years. They will get stung but only if they sell.
On the subject of not voting it would be interesting if there was a option on the ballot for. "None of the above are worth voting for. We have enough laws already. No MP needed for the next term please".
Great content - do we know when the new calculator will appear on the gov website? I understand this will form the basis of any lease extension cost calculations (now marriage value is going). Thanks!
With new rent caps and other limits the residential new lettings market will decline. There had been no new lettings market in the UK up to the late 1980's, for at least 40 years. You pretty much HAD to buy.
Why does neither party realize that driving more landlords out of the market is bad? It reduces supply and raises prices, meaning it is a problem they have created. There are many who have to rent, e.g. junior doctors who get moved around the country.
As far as Labour goes the war on landlords is purely political and is for the sake of virtue signalling. They don't care about the long-term effects of their actions. They are just playing the 'tenants good - landlords bad' card. My agent tells me there has been a 46% drop in rental properties in the area (Labour council) due to landlords having had enough of the bullying and rediculous cost of living up to the council's new 'standards'. This, of course, has led to a massive shortage of rental properties in the area, which is a very popular place for younger tenants, and a considerable hike in rents due to bidding wars by tenants. And all because of left-wing spite.
@@anthonyfaucy2761 Er... doesn't that mean the tenants have a council as their landlord? Why do you think councils would, overall, do a better job? If they aren't doing it on a commercial basis, are local taxpayers willing to subsidize council tenants?
@@anthonyfaucy2761 Yes, but because the government is spending so much money on “other things” meaning wasting money there is no money for councils to build rental properties. The real problem comes down to the fact that the government has made it almost impossible for a private person to buy a piece of land to build on, only small sections are given planning permission, and only to large companies. In countries which has more reasonable prices on land the ticket is to make it a policy for so called normal people to get access to land, and to make more land available so supply goes up and prices goes down. Even in the UK there is lots and lots of land available to build on, anyone that just take a look at a map around where they live will see the vast areas that is not been used for farming or any other things, it’s just empty spaces, but not allowed to be built on as they say it’s “green belt”. Well you can still have green belt but if reduced with just 10% there would be LOADS of land available to build on. But as no political party as far as I know have ever said they will make green belt available expensive houses will be normal for the foreseeable future. Councils will not have enough money, increase taxes? Won’t help as that will just create more recessions. It’s no way out, the green policies and other stupid policies will not help either of course.
The end of no fault evictions will mean a return to Rachmanism and blight the sale of a house with a sitting tenant. Other than big landlords who have the benefit of scale no one else will dare rent their house out if they don't need in live in it temporarily or if they inherit or work abroad. A large number of houses will be removed from the rental market as a result + all the other encumberments being placed on the private landlord too. Won't be worth the trouble, be better to sell now than risk having your asset trapped for years waiting for a tenant to die .
If thes states to come in there will be a small window of opportunity to evict the tenant and sell up. Usually takes minimum 3m for Law to be written and passed. Also, any aggressive policy may be bounced back by HoL
Some good observations. but please leave a little longer between statements, an extra 2 seconds would make it clear. If you don't vote, you can't complain.
The old bill is not necessarily dead. The new parliament can take it over at the same stage it was at if they wish. Although, that would only happen if they were largely happy with how it looked already
That's a pretty biased opinion that you gave😳You say whoever wins won't make a difference? How about the contemplated 45% CGT tax by Labour? Do you think any individual investor in his right mind will decide to enter that market? For institutional investors that could be probably OK, as they would hold these properties for ever and won't sell. And then there is the talk of taxes on each additional property, rent controls across the UK, more tenant rights...
start a housing association and run it, the housing association buys some properties from someone which will be topped up 10 to 15% by gov, and get over 70k salary, they run on easy mode and not for profit means more money left over for maintenance and wages etc
Rob, I'm so disappointed hearing you say that you won't vote. It's a privilege to vote that so many have had to fight / die for! Not voting shouldn't even be an option! I've followed you for years and am so surprised! 🫤
Not voting is a vote. It's just not the one on the list you are given. I presume you mean you should turn up and spoil the vote? As actively choosing an option listed means they think you want them in power stats wise. People dying in the past doesn't need to be linked to this. Don't worry, Rob not voting won't turn us into North Korea!
@PBenge-bo4wq Rob is going to vote REFORM 🗳, he just doesn't want to publicly admit it because left wing mob will call him racist for putting himself before immigrants
I had to rent out my place only because I could not afford to live in it. Most tenents are disgusting, dirty and have no regards for other people pride and Joy. The Management company are rubbish yes (K....) they do not help, they do not follow up and do things properly. In the end I have to incure expenses that I could not afford hence the reason I rented my place.
@@Carsonktm420 Every tenant you have is a good tenant because they're going out to work and buying you a house. The cheek of having someone buy you a house then complaining about them - funny.
@@monojit0739 if they can afford to rent they can afford to buy. But no all they do is complain, and like most other landlords mine is no longer rented. Why should I go through all the risk and stress for literally pennies
I might be wrong but I can’t see them making landlords pay the council tax for the tenant. The costs would in the end be put on the rent anyway, plus most Housing Associations and many large landlords would face financial problems as they operate on very thin margins. Lots of foreclosures in the HA sector wouldn’t help supply of rental homes. Reeves has also spoken publicly that she doesn’t see rent controls as effective. I think they will demand an agreed in tenancy rent rise restricted to CPI annually, with market rebase allowed at change of tenant. Not really unreasonable. if you keep your portfolio as flats tenants don’t tend to stay for life. CGT isn’t really an issue unless you sell, even then if you trade in a Ltd Co CGT is not payable.
Labour or Cons nothing will happen. Too much money at stake and there is enough cake tories & labour can share together. 50% of UK people will be renters, forever.
What did you expect when they cater for immigrants more than the indigenous? You can't have your cake and eat it. The proof is in the current state of affairs Vote REFORM
you have not metioned taxation and i think CGT and Dividend taxes will be the same as income tax rates i also think ISA could see a 100k cap and a change in pension tax treatment and i think for property over 1 million pounds home owners could face CGT
Then surely the solution is to build more council properties. Private landlords are scum and we definitely don't need them. I'd rather have a massive housing shortage than slimey landlords profiting off a human necessity
@@anthonyfaucy2761 what's the difference between them profiting and the council. The council will never be able to build enough property to meet demand.
rent control, CGT, who wants to be landlords? Sell up. Some said big companies will snatch them. But still, more landlord sell up, at least some properties are NOT large companies cup of tea and normal buyers can still benefit from lower property prices 😊
I don't think there is any difference between the two of them in regards to this area. If the preference is to have a conservative government in power, well there isn't one.
And? Are the government paying the mortgages? I don't even own one but I'll defend those who do to do what they damn well please with what they work to own. Guess what having a WEF government letting in millions of immigrant consumers has consequences. The landlord bad BS is pure sheeple indoctrination. The end.
Landlords already pay income tax on their rental profits. There you go, making their contribution, and an asset to this great nation. Get rid of landlords and there's no more income tax from that business. That's after it's already been taxed once when earned by the tenant.
@mash83 vote Labour if you want another 3 million immigrants coming here. Increasing traffic, house prices, GP waiting times, crime, overcrowding. Etc.... Vote reform to stop it
Expect a massive cash grab from increases in inheritance tax, stamp duty above a certain amount. I fully expect this Labour gvt. having to go to the IMF in less than two years and introducing CBDCs as the 'saviour'. Expect Brexit to be reversed as soon as possible to try to stem other countries leaving the EU. I hope everyone sees the irony of the UK voting in the most left-wing Labor party as the rest of Europe goes right. Remember, Sir Keir Starmer has already said he favours Davos rather than Westminster, so anyone with a brain already know where he receives his orders from. Expect too, possible involvement in an extended Ukraine conflict and I wouldn't rule out the use of British forces against Russia. All in all, 'you will by 2030 own very little and be happy'.......that is, if you're still alive. I fully expect health passports and mandatory vaccinations to be introduced by 2027. Get out while you can.
He hasn’t mentioned any to one plan to build more council housing. Or downsizing tenants who are currently in larger properties than needed. I know many one persons in 3 bedroom properties children have long gone actually in their 40’s and parents themselves!! 😂😮
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
Your a landlord and a tenent? Thst don't make sence. Landlords own there own home they don't rent it themselves so you pay for your own rent who is your landlord
If Labour (or Con) reduce the benefit of freeholders much more they will pull out of the market entirely, to leave a chaotic leaseholder feeding frenzy which won't end well, since very many leaseholders are not willing to pay for anything.
Are Labour already planning the subsidies they are going to need to pay landlords to keep us supplying the rented housing that is needed, if the risk in renting your property is to be pushed up by restricting the right to recover your own property?
Sorry to inform you. Self declared socialist kier starmer won't have any money to pass to you 🎃 If you think tory was bad, labour will be bring complete collapse
Always Vote even if its only tactical, otherewise you show yourself as a anti-democratic surrender merchant, timidly accepting the feudal First Past The Post system... Reform UK now includes the reinstatement of Sect 24, mortgage interest tax deductability for landlords in their Contract, something very significant worth voting Reform for. VOTE REFORM
it's almost as if... and bear with me i know this is difficult to comprehend.... landlords don't benefit the majority of society shock horror, digest what i said. its not complicated
Most Land lords are the greediest of the greedy, totally ripping off renters, , who then have no spare money to at least put back in the economy ! Someone worked it out it was cheaper to use a Travelodge in colder months as you have no separate heating bill on top of extortionate rent fees etc. Gaz UK
Housing shouldnt be for profit or investment, its a necessity to live, anyone buying houses for anything other than for them to live in should be banned
If you're a landlord you should be issued the equivalent of a section 21 somehow or somewhere in your life. See how that feels. What a wicked rental world we live in here in the UK. All those small children who have been made homeless through this.
People need to take responsibility for their own lives and their children should they choose to have them, no one else is responsible for a parents inability to provide shelter for their kids.
12 properties ,ONLY EVICTED NON PAYING TENANTS !!!! WANT THE HOUSE FOR FREE ,OH THEY GET IT FOR FREE (COUNCIL PAY THE RENT (THEN TENANTS POCKET RENT FROM COUNCIL)THEFT !!!AND DONT PAY THE RENT THEN CRY WOLF!!!
The housing crisis is not the responsibility of, nor caused by, private landlords. Successive governments have failed to build adequate stock of social housing since right to buy was introduced. Using landlords as scapegoats is a cheap tactic. Forcing private landlords out of the sector may well be the desired endpoint for all political parties. Corporate landlords provide better lunches and perks for those that govern us.
What is going to happen? Trousers down landlords and kine up. That's Labour's plan for small ownership. Of course the rich, such as politicians, will just meet a 'certain criteria ' if you get ny meaning.
👍🏻 Link to free tools: propertyhub.net/youtube/
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The issue is that either the renter or the owner (Landlords) must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 60 and retiring early. Already worried of the future and where its headed, especially in terms of finances and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 18 months just by copying trades from a broker that has better skillset and technical know-how than me.
Can you kindly provide me with the information of your investment advisor as I am currently in desperate need of one?
@@williamDonaldson432 Impressive can you share more info?
More and more landlords with single property , are selling up. Meanwhile rent prices are rocking up. The government just messes things up for landlords and renters.
No, landlords are stepping in between people and home ownership. They bring nothing to the table. Too many of you are suffering from Stockholm syndrome. You need to confront the government on mass immigration versus home building. Landlords are not the solution.
The Governments, are part of it, the WEF Agenda 2030, 'where will you will own nothing, have no privacy, and be happy'.
As a renter, i couldn't be happier. More housing stock and continued house price decline. I might just might be able to afford to buy at one point jn my life 👌 Next we need to ban Buy to Let mortgages and start criminally prosecuting landlords for theft on issues like illegal deposit deductions
@@XxBruce5002xX Well thats what you would normaly think, but in the end big investment funds & companies will buy up by overbidding, while the average guy will still not own anything
@@davids3282 I would make it illegal for any conglomerate - especially HQd abroad - to purchase existing homes and force any current companies of any kind, Plc, Ltd, and of any size, to sell ex council housing. If any council properties are currently occupied by tenants, they'll have the opportunity to buy it at a discount. The private sector has taken the absolute piss with housing and we need to radically fix it
Small landlords with a handful of properties don't donate to political parties. Funds and insurance companies do so a market has been created for them to become landlords with enormous portfolios.
You are the first person that has been honest about whom they will vote for and I am so glad to hear it as I will be doing the same, now with confidance, thanks to you.
The problem is there isn't enough rental properties. Not everyone can afford to buy or wants to buy.
I want to buy, but I don't because why do I need to pay 500k for a house which real value is less than 250k? Living in the bubble 🫧
All landlords rights have to be taken away. Landlord should have no rights at all. And second, major companies and banks shouldn't be allowed to own massive amounts of rentals. Slowly force everyone owning more than a couple of properties to sell it to young families.
@@GenomancerBotso how do you expect people who pay rent weekly to a landlord be able to afford a house is landlords get abolished. More people will be on the streets
@@GenomancerBot go communism
@@simmzy8459lol LL do not build houses, they gatekeep them. What do you think would happen to property prices if LL were not allowed to extract rents from them?
I understand the feeling of not wanting to vote as no one in this election is offering hope or real change but you must use your vote always! especially to remove this tory government. Vote for the party that is most likely to stop the party you like the least from getting in
Reform
😂😂@@WinnersMentalityUnite
what rubbish. That won;t encourage parties to have sensible policies - just vote for us if you hate the other lot. Nonsense. I can't belive they let your type vote.
Who did you vote for?@@garethwilliams4467
@@mylesmantripp7911 how is it working for you?
You can’t make a decent profit on rentals even now and all the hassle not to mention the ever present risk of getting tenants from hell. Labour needs to build much more social housing don’t expect landlords to foot the bill and make peanuts, all they will do is drive landlords into selling up and reducing the rental availability
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
We've all made mistakes at some point. You should consider financial planning
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Do you mind sharing your financial planner?
*Leah* *Foster* *Alderman*
Simply glance over her details to learn more.
Shouldn't invest if you haven't got the stomach or knowledge. Sorry you bottled it but you can't blame any government for your choice to panic sell. Only invest money you can afford to leave it and have your emergency fund ready
I put my money where my opinion is as small landlord I sold in a hurry for less than estate agent suggested to manage my risk about labour. I'm not certain but don't trust them not to pile costs, legislation and taxes on landlords. Just to make themselves popular with a few voters. Small landlords have lots to worry about and I didn't see labour making it any less. Lots of people hate landlords but many of us are just old people who worked for everything they ever had, paid thier taxes and now just want an income stream in our old age.
You did good. But do you think people care if landlords will go bust? Not at all, quite the opposite. That will free a great chunk of properties and will hopefully bring down further the prices...
Once the small private landlords have sold up through fear of never being able to sell their investment/inheritance, there will be no low rents.
@SycAamore it ain't gonna happen. People have been wishing for landlords to be driven out the market to make prices fall for decades.
@@privateprivate2421 It's happening already...The smart investors already exited the market...
Well I'm sorry but there's alot of young people who actually want to life their lives and start family's. You guys got to buy houses for peanuts and have a family at a young age. Now people are overcrowded, will never be able to own their own house and can't even do the main thing you suppose to do as a human which is reproduce. You guys have 0 sympathy from anyone under the age of 35
didnt this guy say a few weeks ago the renters reform bill was now definitely becoming law?
LIKE IT OR NOT, BUT THIS COUNTRY NEEDS A REFORM
We'll get one.
@@alastairchurchill2402 Right Wing is better than what we currently have, the balance has been pushed soooo far one way you need radicalism to bring the UK back into a balance
Nice subtle way of saying Vote Reform!
I agree the UK needs Reform.
I rent. My landlady is always putting over me that she wants to sell in future but no idea when. I have tried looking but moving is ridiculously hard. I understand longer notice periods as moving is just that difficult... A landlord has a right to their property, but tenants just don't want to go homeless. What i want is some reform to protect me from homelessness. And that can come in many forms, but again it needs to be fair to landlords also. A tenant who is paying there rent and doesn't cause issues should be given more options... but the lack of housing is really the real issue behind everything.
if they wanted full use, they should live there themselves!
Totally agree,. I also hate the play they use of putting Landlord vs. tenant. In reality both need each other and work best when both behaving fairly. Unfortunately extreme stories seem to control the narrative. I would look at addressing the balance in property availability before tinkering with this market as it could go wrong which benefits neither Landlord or Tenant. But does common sense work in British politics?
@@seabreeze4559 agreed. They shouldn't be constantly mandating to there tenants about selling if they have put it up for rent. They are lucky to be able to have more than one home.
The lack of housing is likely to rocket 🚀 out of control !
Back in 2008 when I looked at property (during the crazy off plan redevelopment of London) the UK 🇬🇧 back then was 350000 homes 🏠 short per year !! At that time it was purported that in 10 years the construction industry would catch up ?! We are now at 500000 homes short per year lol …..it’s all by default and design !
It sounds to me that she wants rid of you for some reason.
Vote for Reform UK
Join us - see the growth in Reform support in the polls!
The only party that cares about the British people.
The black hole that is farage and his horde, i'll pass..
Nice work Rob - very clear and helpful as ever. I see absolutely no sympathy for tenants in the comments as usual.
That's because landlords are mostly opportunistic sociopaths who use language insincerely in order to pretend that what they do is benign when most often it's predatory. To the landords who are exceptions to this generalization, thank you. To the rest, I've nothing but contempt for your mindset and behavior. If people want to speculate/invest on non-essentials, I'm all for it. But when you turn your speculative mindset to things that are fundamental to a baseline quality of life (housing being one of them), the inhumane perspective that you bring to holding hostage people's need -- yes, I said it: *NEED* -- for housing at affordable prices is unconscionable and inexcusable.
@@RichardHarlos Yes - bleating about Capital Gains tax when we have enjoyed a rise in value of our property due to societal economic factors is pretty tragic - wanting all the gain without any of the pain. And as though any attempt to rein in a market which is eating young people's energies and hopes is some sort of outrageous Marxist attack
@@TheRealTuesdayWeld Agreed. One analogy I find thought provoking is to consider society as an organism, and to consider people as the cells.
In a health organism, each cell does what it does as a matter of genetics. It's their 'duty', if you will, to do what they do, and the result of this genetic 'programming' is that the organism benefits overall from each one doing what they do.
If some of that organism's cells begin doing whatever they want (growing too big, or multiplying too quickly), we call that 'cancer'. And there's no sensible medical reason to tolerate cancer. If it can be surgically removed, then that's a path to follow. If it's so invasive that surgery isn't' an option, then treatments like chemo and radiation are sought... to **kill the cancer.** Because cancer does not serve the organism; it serves only itself.
Now this is only an analogy. And, as all analogies are, it's imperfect. But the utility of analogy is found by focusing on the parts of it that serve the intended purpose of helping us to understand one thing, by associating it to something that's similar in form, function , design, etc.
I'm not saying we should kill the landlords :) But, I do think there's some value in killing the **mindset** of the landlords who justify holding hostage that essential resource of housing for the sake of profit. How to do this, I don't know. But the necessity of doing this seems irrefutable if -- and I know that's a big caveat: *IF* -- the health of the entire organism is regarded as valuable, even imperative.
@@RichardHarlos Very well said..
@@RichardHarlosits coz we have always had bad tenant when we made it easy for them.. cheap rent..450.00 month..no deposit..no credit rating ..no guarantor. All we got was tbousands in missed rents..destroying the place and more. X
CGT is going up for sure
Maybe, but Tories have already reduced capital gains tax allowance to £3,000 - can't see that being hit further. Plus, many investors are now owning property in a Ltd company, so CGT would be irrelevant.
@@matthewcox6490 They will equalize the CGT rates with income tax rates i.e 20,40 and 45% respectively. Maybe not all in one go. If your properties are in a limited company, when you sell you will pay less tax on the profit than if you own them in your own name. but many landlords have properties in their own name which they have owned for years. They will get stung but only if they sell.
@@matthewcox6490 reduced capital gains tax allowance to £3,000-.....Smoke and Mirrors!
@@matthewcox6490 Clutching at straws...They will most likely increase corporation tax as well. There's no hiding after 4th of July...
Briliant video as always (from a former BTL lender MD)!
On the subject of not voting it would be interesting if there was a option on the ballot for. "None of the above are worth voting for. We have enough laws already. No MP needed for the next term please".
Aren't spoiled ballots that?
You could argue this has been the position in at least the last 4 elections ! Democracy, don't you love it
Sold my only rental property. My wife is now selling hers.
I think advocating or at least advertising you won't vote is pretty stupid. People in the past have died for the right to vote so maybe rethink that?
Great content - do we know when the new calculator will appear on the gov website? I understand this will form the basis of any lease extension cost calculations (now marriage value is going). Thanks!
With new rent caps and other limits the residential new lettings market will decline.
There had been no new lettings market in the UK up to the late 1980's, for at least 40 years.
You pretty much HAD to buy.
Why does neither party realize that driving more landlords out of the market is bad? It reduces supply and raises prices, meaning it is a problem they have created.
There are many who have to rent, e.g. junior doctors who get moved around the country.
As far as Labour goes the war on landlords is purely political and is for the sake of virtue signalling. They don't care about the long-term effects of their actions. They are just playing the 'tenants good - landlords bad' card. My agent tells me there has been a 46% drop in rental properties in the area (Labour council) due to landlords having had enough of the bullying and rediculous cost of living up to the council's new 'standards'. This, of course, has led to a massive shortage of rental properties in the area, which is a very popular place for younger tenants, and a considerable hike in rents due to bidding wars by tenants. And all because of left-wing spite.
We don't need landlords. What we need is more council properties
@@anthonyfaucy2761 Er... doesn't that mean the tenants have a council as their landlord? Why do you think councils would, overall, do a better job? If they aren't doing it on a commercial basis, are local taxpayers willing to subsidize council tenants?
@@anthonyfaucy2761 Yes, but because the government is spending so much money on “other things” meaning wasting money there is no money for councils to build rental properties. The real problem comes down to the fact that the government has made it almost impossible for a private person to buy a piece of land to build on, only small sections are given planning permission, and only to large companies. In countries which has more reasonable prices on land the ticket is to make it a policy for so called normal people to get access to land, and to make more land available so supply goes up and prices goes down. Even in the UK there is lots and lots of land available to build on, anyone that just take a look at a map around where they live will see the vast areas that is not been used for farming or any other things, it’s just empty spaces, but not allowed to be built on as they say it’s “green belt”. Well you can still have green belt but if reduced with just 10% there would be LOADS of land available to build on. But as no political party as far as I know have ever said they will make green belt available expensive houses will be normal for the foreseeable future. Councils will not have enough money, increase taxes? Won’t help as that will just create more recessions. It’s no way out, the green policies and other stupid policies will not help either of course.
@@edwardhammond5582 Agree NRLA survey showed worst managed properties were Council owned - voted by tenants.
The end of no fault evictions will mean a return to Rachmanism and blight the sale of a house with a sitting tenant. Other than big landlords who have the benefit of scale no one else will dare rent their house out if they don't need in live in it temporarily or if they inherit or work abroad. A large number of houses will be removed from the rental market as a result + all the other encumberments being placed on the private landlord too. Won't be worth the trouble, be better to sell now than risk having your asset trapped for years waiting for a tenant to die .
They're not abolishing evictions for good reasons, just for no good reason.
If thes states to come in there will be a small window of opportunity to evict the tenant and sell up. Usually takes minimum 3m for Law to be written and passed. Also, any aggressive policy may be bounced back by HoL
Some good observations. but please leave a little longer between statements, an extra 2 seconds would make it clear. If you don't vote, you can't complain.
The old bill is not necessarily dead. The new parliament can take it over at the same stage it was at if they wish. Although, that would only happen if they were largely happy with how it looked already
That's a pretty biased opinion that you gave😳You say whoever wins won't make a difference? How about the contemplated 45% CGT tax by Labour? Do you think any individual investor in his right mind will decide to enter that market? For institutional investors that could be probably OK, as they would hold these properties for ever and won't sell. And then there is the talk of taxes on each additional property, rent controls across the UK, more tenant rights...
lol good I hope labour tax the pants off ya houses aren’t for speculators they are for living in
Limited companies don’t pay cgt, only corporation tax
Sounds like world economic forum. You will own nothing and be happy
Clutching at straws...They will most likely increase corporation tax as well. There's no hiding after 4th of July...
The Governments, are part of it, the WEF Agenda 2030, 'where will you will own nothing, have no privacy, and be happy'.
start a housing association and run it, the housing association buys some properties from someone which will be topped up 10 to 15% by gov, and get over 70k salary, they run on easy mode and not for profit means more money left over for maintenance and wages etc
Rob, I'm so disappointed hearing you say that you won't vote. It's a privilege to vote that so many have had to fight / die for! Not voting shouldn't even be an option!
I've followed you for years and am so surprised! 🫤
Grow up what does 1 vote matter some ppl are too busy to play silly games 😂😂😂 if voting worked they wouldn’t let you do it
Voting is a scam to dupe people into thinking they have a say in what their country does.
Yeah agree! Dumb thing to say 🤯 doesn't make you look cool which I'm guessing was the idea behind it?
Not voting is a vote. It's just not the one on the list you are given. I presume you mean you should turn up and spoil the vote? As actively choosing an option listed means they think you want them in power stats wise. People dying in the past doesn't need to be linked to this. Don't worry, Rob not voting won't turn us into North Korea!
@PBenge-bo4wq Rob is going to vote REFORM 🗳, he just doesn't want to publicly admit it because left wing mob will call him racist for putting himself before immigrants
Leasehold reform is more an issue for folks who are buyers and own flats not landlords who simple add all costs to rents and offset ground rents etc.
Don’t come on here and say you won’t vote
Vote REFORM
@@JackGreen-gh6sw More of the same shit there though
I agree with him if you vote you legitimise the corrupt system
Imagine a PM who can't define what a is woman who also appeals to the Muslim population
What are labour doing about IR35
I hope they abolish it...
I hope u r right ..not much change x
Stop waving your hands around.
Yes, it’s irritating
I hope you're right, I fear rent controls will be here in no time, creating a two-tier system.
Why?
Great info 👌🏻
Sorting housing issues should be their priority. It is important for everyone, no matter what political beliefs they have.
Vote Reform
Save your country.
🤸👍🌹
which piece of legislation referred to in the introduction that has gone through?
I had to rent out my place only because I could not afford to live in it. Most tenents are disgusting, dirty and have no regards for other people pride and Joy. The Management company are rubbish yes (K....) they do not help, they do not follow up and do things properly. In the end I have to incure expenses that I could not afford hence the reason I rented my place.
Don't like having tenants? Don't rent... Absolutely no tenant will miss you, absolutely none.
And I’ve never had a good tenant
@@Carsonktm420 Every tenant you have is a good tenant because they're going out to work and buying you a house. The cheek of having someone buy you a house then complaining about them - funny.
@@monojit0739 if they can afford to rent they can afford to buy. But no all they do is complain, and like most other landlords mine is no longer rented. Why should I go through all the risk and stress for literally pennies
Farmers Cattle may be impaired, but we can only hope that, the animals fight back against them.
Morenimportant than the reforms is the tax - CGT, increased council tax and Labour mooting LLs pay CT.
I might be wrong but I can’t see them making landlords pay the council tax for the tenant. The costs would in the end be put on the rent anyway, plus most Housing Associations and many large landlords would face financial problems as they operate on very thin margins. Lots of foreclosures in the HA sector wouldn’t help supply of rental homes.
Reeves has also spoken publicly that she doesn’t see rent controls as effective. I think they will demand an agreed in tenancy rent rise restricted to CPI annually, with market rebase allowed at change of tenant. Not really unreasonable. if you keep your portfolio as flats tenants don’t tend to stay for life.
CGT isn’t really an issue unless you sell, even then if you trade in a Ltd Co CGT is not payable.
it's all a monopoly game where people start with wildly different amounts of cash
Try and keep your hands still. They are flying about all over the place. Very distracting.
Labour or Cons nothing will happen. Too much money at stake and there is enough cake tories & labour can share together. 50% of UK people will be renters, forever.
agree with you. its time for both parties to 'get real' on this
What did you expect when they cater for immigrants more than the indigenous?
You can't have your cake and eat it. The proof is in the current state of affairs
Vote REFORM
you have not metioned taxation and i think CGT and Dividend taxes will be the same as income tax rates i also think ISA could see a 100k cap and a change in pension tax treatment and i think for property over 1 million pounds home owners could face CGT
very unfair. money landlords invest in houses has already been taxed. Why should it be taxed again at the same rate as earnings ?
This country needs landlords there are not enough council properties for everyone. It seems madness to punish them
Then surely the solution is to build more council properties. Private landlords are scum and we definitely don't need them. I'd rather have a massive housing shortage than slimey landlords profiting off a human necessity
@@anthonyfaucy2761 what's the difference between them profiting and the council. The council will never be able to build enough property to meet demand.
no they run a company it isn't punishment it's regulation, the cost of running any company
@@anthonyfaucy2761 we need to ban unearned income, even landlords are themselves renting the system is done
@@damme91 mass deportations chop demand, easy
rent control, CGT, who wants to be landlords? Sell up. Some said big companies will snatch them. But still, more landlord sell up, at least some properties are NOT large companies cup of tea and normal buyers can still benefit from lower property prices 😊
Thanks Naive! Another informative and balanced take on things
agreed, this guy tends to nail it each time (a common sense pragmatist)
Banks will force sell properties as people lose jobs or they get old on pension.
There will be additional taxes specifically on residential rents received.
which means the rent will go up as well
@@Pinkstraw1203 rent for bricks and mortar will be capped. So I'm investing in ex army tents !
I don't think there is any difference between the two of them in regards to this area. If the preference is to have a conservative government in power, well there isn't one.
At least take the time to spoil your vote. Make them aware why none of them are worthy
Vote reform dnt waste vote
All leaseholds should be abolished and changed to Freeholds as is in any sensible country..
DON'T be stupid you can't have freehold flats.
In other countries flats owners would have a proportion of freehold and vote to appoint a management company. What's a problem with that?
@@joannabaker6398 That is Commonhold and that facility is available in the UK.
There has been very little uptake of the facility.
I know not why.
300,000 rental properties are Air B n B's.
Shameful! Probably London and Cornwall.
And? Are the government paying the mortgages? I don't even own one but I'll defend those who do to do what they damn well please with what they work to own. Guess what having a WEF government letting in millions of immigrant consumers has consequences. The landlord bad BS is pure sheeple indoctrination. The end.
Landlords already pay income tax on their rental profits. There you go, making their contribution, and an asset to this great nation. Get rid of landlords and there's no more income tax from that business. That's after it's already been taxed once when earned by the tenant.
One solution is fixed rents depend on bedrooms and area and fixed prices of houses depend bedrooms and area.
Vote REFORM, stop Labour ✋️ 🫸
In most constituencies, it will do the exact opposite.
But please carry on.
Good video
Vote for reform.
If you're a mentalist..
@mash83 vote Labour if you want another 3 million immigrants coming here. Increasing traffic, house prices, GP waiting times, crime, overcrowding. Etc....
Vote reform to stop it
Expect a massive cash grab from increases in inheritance tax, stamp duty above a certain amount. I fully expect this Labour gvt. having to go to the IMF in less than two years and introducing CBDCs as the 'saviour'. Expect Brexit to be reversed as soon as possible to try to stem other countries leaving the EU. I hope everyone sees the irony of the UK voting in the most left-wing Labor party as the rest of Europe goes right. Remember, Sir Keir Starmer has already said he favours Davos rather than Westminster, so anyone with a brain already know where he receives his orders from. Expect too, possible involvement in an extended Ukraine conflict and I wouldn't rule out the use of British forces against Russia. All in all, 'you will by 2030 own very little and be happy'.......that is, if you're still alive. I fully expect health passports and mandatory vaccinations to be introduced by 2027. Get out while you can.
He hasn’t mentioned any to one plan to build more council housing.
Or downsizing tenants who are currently in larger properties than needed.
I know many one persons in 3 bedroom properties children have long gone actually in their 40’s and parents themselves!! 😂😮
What a coward. He knows Labour will be worse but doesn't dare to say it. The best option is Reform UK.
I unsubscribed.
Can't stand submissive people
4th july is when hes off to america on a speakers cash cow trip n use those contacts😂
nothing much will happen labour mp's and members are all upper middle class landlords themselves
Housing crisis triggers a market crash or a financial crisis, it could send shockwaves through the stock markets worldwide. I’m worried about my investment of over $600K stocks. Is this a time to consider diversifying my portfolios?
Your a landlord and a tenent? Thst don't make sence. Landlords own there own home they don't rent it themselves so you pay for your own rent who is your landlord
If Labour (or Con) reduce the benefit of freeholders much more they will pull out of the market entirely, to leave a chaotic leaseholder feeding frenzy which won't end well, since very many leaseholders are not willing to pay for anything.
Labour will trash what's left of the private rental sector for everyone but the largest companies.
That's not a bad thing, it will free up many properties...
You are a tenant because it is mpre convinent to you to rent than own a property for a for tax purposes. Not because you are a tenant only. 😂
Are Labour already planning the subsidies they are going to need to pay landlords to keep us supplying the rented housing that is needed, if the risk in renting your property is to be pushed up by restricting the right to recover your own property?
Sorry to inform you. Self declared socialist kier starmer won't have any money to pass to you 🎃
If you think tory was bad, labour will be bring complete collapse
Always Vote even if its only tactical, otherewise you show yourself as a anti-democratic surrender merchant, timidly accepting the feudal First Past The Post system... Reform UK now includes the reinstatement of Sect 24, mortgage interest tax deductability for landlords in their Contract, something very significant worth voting Reform for. VOTE REFORM
it's almost as if... and bear with me i know this is difficult to comprehend....
landlords don't benefit the majority of society
shock horror, digest what i said. its not complicated
You are naive and much worse.
There I did it. 😂 Great video as always
this guy has no way of getting to the point. He literally drags it on forever...
RIP BUY TO LET
Most Land lords are the greediest of the greedy, totally ripping off renters, , who then have no spare money to at least put back in the economy !
Someone worked it out it was cheaper to use a Travelodge in colder months as you have no separate heating bill on top of extortionate rent fees etc.
Gaz UK
End The Blair Curse Vote REFORM Save Our Country
Are you sure about no more Marriage Value?
Housing shouldnt be for profit or investment, its a necessity to live, anyone buying houses for anything other than for them to live in should be banned
If you're a landlord you should be issued the equivalent of a section 21 somehow or somewhere in your life. See how that feels. What a wicked rental world we live in here in the UK. All those small children who have been made homeless through this.
People need to take responsibility for their own lives and their children should they choose to have them, no one else is responsible for a parents inability to provide shelter for their kids.
It happens more often than you think. Rich people problems but luckily you’ll never get to experience them for yourself
12 properties ,ONLY EVICTED NON PAYING TENANTS !!!! WANT THE HOUSE FOR FREE ,OH THEY GET IT FOR FREE (COUNCIL PAY THE RENT (THEN TENANTS POCKET RENT FROM COUNCIL)THEFT !!!AND DONT PAY THE RENT THEN CRY WOLF!!!
@@edj564 That is such a staggeringly ignorant remark. Perhaps there should be an IQ test before anyone is allowed to be a landlord.
The housing crisis is not the responsibility of, nor caused by, private landlords. Successive governments have failed to build adequate stock of social housing since right to buy was introduced. Using landlords as scapegoats is a cheap tactic. Forcing private landlords out of the sector may well be the desired endpoint for all political parties. Corporate landlords provide better lunches and perks for those that govern us.
Take a haircut. Lose the shirt. Let people live without scammery
What is going to happen? Trousers down landlords and kine up. That's Labour's plan for small ownership. Of course the rich, such as politicians, will just meet a 'certain criteria ' if you get ny meaning.
Lets be honest, the tories will throw out any bill that benefits the working class in any way.
Not many working people left.
angela rayner in the cabinet lmao. What a shower
I got dizzy watching this bloke and gave up....can't he keep his hands still for more than a couple of seconds?
0:35
Lets vote ✅ Uk reform
Landlords labour are coming after you. Which many will agree with. Landlords are tarred by they many dodgy landlords.
if i owned second house id sell asap