Houses

[danny.]

43 minutes ago, kenny said:

The way the law is now, I'd suggest they ask to see the electrical safety certificates. Anything that's invalid and they are probably due a full refund on their rent.

I’ve told him multiple times. His rationale is that he “doesn’t want to rock the boat” as it’s so hard to even get a place. I don’t agree with him but I understand his position. There is no way it’s passing an EICR

[Kopic]

Anyone have any experience with getting a conservatory roof insulated or even replaced with a "proper" roof? Any recommended companies? Want to get ours done cos its completely unusable as it is. Trying to find places local to Hinckley to get a quote, cheers.

[kenny]

35 minutes ago, Kopic said:

Anyone have any experience with getting a conservatory roof insulated or even replaced with a "proper" roof? Any recommended companies? Want to get ours done cos its completely unusable as it is. Trying to find places local to Hinckley to get a quote, cheers.

I don't but make sure it comes with building regulations approval as part of the quote.

[kenny]

1 hour ago, danny. said:

I’ve told him multiple times. His rationale is that he “doesn’t want to rock the boat” as it’s so hard to even get a place. I don’t agree with him but I understand his position. There is no way it’s passing an EICR

It is only that attitude that allows private landlords to be awful. Tenants are in the main, very knowledgeable and knowledgeable their rights.

 

Any deviation from the regulations and they are wide open to a sizable claim which could be equal to the full amount of rent paid.

[JonnyBoy]

any recommendations please for landscape gardener North leicestershire area loughborough/charnwood - patio specifically and some sleeper style borders/raised beds 

[JonnyBoy]

On 16/02/2026 at 20:00, CornwallFox said:

Good. 

Now for some legislation to block corporate landlordism.

How do you know his landord is corporate and owns multiple houses?

 

We are selling our rental due to the renters rights bill, so the renter will now suffer and pay more rent due to lack of supply. It is nonsensical

 

With the CGT we won't make a lot, in fact probably a loss after the state the last tenant left the house in, also taking into account mortgage (interest only) and tax we make pennies 

 

 

 

 

[CornwallFox]

3 minutes ago, JonnyBoy said:

How do you know his landord is corporate and owns multiple houses?

 

We are selling our rental due to the renters rights bill, so the renter will now suffer and pay more rent due to lack of supply. It is nonsensical

 

With the CGT we won't make a lot, in fact probably a loss after the state the last tenant left the house in, also taking into account mortgage (interest only) and tax we make pennies 

 

 

 

 

As it stands, I'm currently a landlord for a short period. But I recognise that landlordism is a poison for our housing market that has led to the bottom end being flooded with landlords buying everything, increasing demand and therefore prices. We need less landlords - there are 2.75 million in the UK, imagine the effect of that on prices - and more realistic house prices. Corporate landlordism should be banned. I'll be getting out of it solely because I don't believe in it but there wasn't much way around it with our specific circumstances. 

Landlords also moan continually about the lack of money in it. Rubbish. Somebody else literally buys the house for you by paying the mortgage. It's free money. Yep some landlords complain they have costs associated to this free money. 

[kenny]

22 minutes ago, CornwallFox said:

As it stands, I'm currently a landlord for a short period. But I recognise that landlordism is a poison for our housing market that has led to the bottom end being flooded with landlords buying everything, increasing demand and therefore prices. We need less landlords - there are 2.75 million in the UK, imagine the effect of that on prices - and more realistic house prices. Corporate landlordism should be banned. I'll be getting out of it solely because I don't believe in it but there wasn't much way around it with our specific circumstances. 

Landlords also moan continually about the lack of money in it. Rubbish. Somebody else literally buys the house for you by paying the mortgage. It's free money. Yep some landlords complain they have costs associated to this free money. 

We make a loss on ours and are in the process of getting rid.

 

So yes it's free money with huge risk and you have to pay more than the profit in tax.

[CornwallFox]

39 minutes ago, kenny said:

We make a loss on ours and are in the process of getting rid.

 

So yes it's free money with huge risk and you have to pay more than the profit in tax.

There's zero risk.

Any landlord using the rent to pay off a mortgage isn't losing money. They're getting a house paid for.

Maybe that doesn't apply to you and there's no mortgage.

I say this, I repeat, as a current wishing-i-wasn't landlord.

Edited 17 March by CornwallFox

[grobyfox1990]

43 minutes ago, kenny said:

We make a loss on ours and are in the process of getting rid.

 

So yes it's free money with huge risk and you have to pay more than the profit in tax.

Yield wise yeh anyone can make a loss and not wash your face on a monthly basis, but growth in UK housing over the last 60 years makes a very nice looking graph. Generally I wouldn't be in it for yield rather long term growth.

 

Also what specifically in the RRA is making everyone sell up? I've heard lots of moaning but no specifics, to me it all seems fair. Granted you will see lots of accidental landlords who've inherited a property for free and don't know what they are doing sell up. Anyway let's see if it's happy clappers making a fuss or if we see a material effect in the market > 1 May

[kenny]

7 minutes ago, CornwallFox said:

There's zero risk.

Any landlord using the rent to pay off a mortgage isn't losing money. They're getting a house paid for.

Maybe that doesn't apply to you and there's no mortgage.

I say this, I repeat, as a current wishing-i-wasn't landlord.

Most landlords are on interest free mortgages as the rents aren't high enough for repayment.

 

The risk is the tenant refuses to pay and the courts take 2 years to evict, or the tenant trashes the house and are impossible to pursue. We had a tenant start legal procedings as we didn't advise that the pub next door to the house might be noisy for example.

 

Landlords that are mortgage free can still make money from property. So it works if you are in the upper echelons of wealthy.

[grobyfox1990]

8 minutes ago, CornwallFox said:

There's zero risk.

Any landlord using the rent to pay off a mortgage isn't losing money. They're getting a house paid for.

Maybe that doesn't apply to you and there's no mortgage.

I say this, I repeat, as a current wishing-i-wasn't landlord.

I don't think it's zero risk, landlords will not be washing their face on financing alone never mind running costs. We were spoiled by a low rate environment for so long, it was never gonna last. Many happy clappers got used to this gluttony and frittered profit on consumerist sh1t rather than use the excess to pay down and reduce LTV

[kenny]

2 minutes ago, grobyfox1990 said:

Yield wise yeh anyone can make a loss and not wash your face on a monthly basis, but growth in UK housing over the last 60 years makes a very nice looking graph. Generally I wouldn't be in it for yield rather long term growth.

 

Also what specifically in the RRA is making everyone sell up? I've heard lots of moaning but no specifics, to me it all seems fair. Granted you will see lots of accidental landlords who've inherited a property for free and don't know what they are doing sell up. Anyway let's see if it's happy clappers making a fuss or if we see a material effect in the market > 1 May

The prices are no longer going up. We have been making a loss of around £500 a year, offset by increases of 3-5% in house prices.

 

Now we would be better off with the equity being in a S&S ISA and getting 6-8% return, or a regular ISA of 3.4% entirely risk free.

[grobyfox1990]

1 minute ago, kenny said:

Most landlords are on interest free mortgages as the rents aren't high enough for repayment.

 

The risk is the tenant refuses to pay and the courts take 2 years to evict, or the tenant trashes the house and are impossible to pursue. We had a tenant start legal procedings as we didn't advise that the pub next door to the house might be noisy for example.

 

Landlords that are mortgage free can still make money from property. So it works if you are in the upper echelons of wealthy.

Decent tenant default, legal assist and landlord policy solves all of these problems tbf but yeh I do get your point

[grobyfox1990]

Just now, kenny said:

The prices are no longer going up. We have been making a loss of around £500 a year, offset by increases of 3-5% in house prices.

 

Now we would be better off with the equity being in a S&S ISA and getting 6-8% return, or a regular ISA of 3.4% entirely risk free.

Yeh that's why I said long-term and put a 60-year timescale on it. You'll always have dips in the graph like now, need a wing and a prayer to get through it

[kenny]

3 minutes ago, grobyfox1990 said:

Decent tenant default, legal assist and landlord policy solves all of these problems tbf but yeh I do get your point

The council advises all tenants to sit tight until their Section 21 is heard in court which takes over 18 months at present.

 

S21 (no fault) is going and being replaced with S8 (with fault) evictions which are more costly to prove and will take more court time.

 

Its a good time to exit the market no doubt.

[grobyfox1990]

1 hour ago, kenny said:

The council advises all tenants to sit tight until their Section 21 is heard in court which takes over 18 months at present.

 

S21 (no fault) is going and being replaced with S8 (with fault) evictions which are more costly to prove and will take more court time.

 

Its a good time to exit the market no doubt.

I do not read it as 'with fault' evictions at all. Removal of s21 'no fault' does not automatically equate to with fault. There are many valid grounds why you would ask a tenant to vacate under the RRA. 

[kenny]

2 minutes ago, grobyfox1990 said:

I do not read it as 'with fault' evictions at all. Removal of s21 'no fault' does not automatically equate to with fault. There are many valid grounds why you would ask a tenant to vacate under the RRA. 

Either way, removing a tenant will be much harder. Even in cases where the tenant is refusing to pay.

[danny.]

4 hours ago, kenny said:

It is only that attitude that allows private landlords to be awful. Tenants are in the main, very knowledgeable and knowledgeable their rights.

 

Any deviation from the regulations and they are wide open to a sizable claim which could be equal to the full amount of rent paid.

100%. But he won’t listen to me. I imagine plenty of other slum landlords have similar tenants and get away with murder. 
 

 

3 hours ago, CornwallFox said:

As it stands, I'm currently a landlord for a short period. But I recognise that landlordism is a poison for our housing market that has led to the bottom end being flooded with landlords buying everything, increasing demand and therefore prices. We need less landlords - there are 2.75 million in the UK, imagine the effect of that on prices - and more realistic house prices. Corporate landlordism should be banned. I'll be getting out of it solely because I don't believe in it but there wasn't much way around it with our specific circumstances. 

Landlords also moan continually about the lack of money in it. Rubbish. Somebody else literally buys the house for you by paying the mortgage. It's free money. Yep some landlords complain they have costs associated to this free money. 

Sorry, you’re arguing less landlords will make renting prices go down? Have I read that wrong, please say I have. 

[CornwallFox]

3 hours ago, kenny said:

Most landlords are on interest free mortgages as the rents aren't high enough for repayment.

 

The risk is the tenant refuses to pay and the courts take 2 years to evict, or the tenant trashes the house and are impossible to pursue. We had a tenant start legal procedings as we didn't advise that the pub next door to the house might be noisy for example.

 

Landlords that are mortgage free can still make money from property. So it works if you are in the upper echelons of wealthy.

That's the difference between a business brain and stupidity though in fairness. 

If nearly 3m people hadn't decided to treat housing as investments rather than homes, expecting easy profits, we'd be in a much better place as a country. 

[CornwallFox]

3 hours ago, kenny said:

The prices are no longer going up. We have been making a loss of around £500 a year, offset by increases of 3-5% in house prices.

 

Now we would be better off with the equity being in a S&S ISA and getting 6-8% return, or a regular ISA of 3.4% entirely risk free.

Then do that. You presumably got into it for a profit, follow the money.

[CornwallFox]

1 hour ago, danny. said:

100%. But he won’t listen to me. I imagine plenty of other slum landlords have similar tenants and get away with murder. 
 

 

Sorry, you’re arguing less landlords will make renting prices go down? Have I read that wrong, please say I have. 

I said less landlords creates less demand at the bottom end of the housing market allowing would-be buyers to actually own instead of rent.

Landlords aren't doing a public service by housing tenants. They're the cause of many of those tenants not being able to buy. 

[CornwallFox]

Very revealing who the landlords here are and the arguments they're using imo. 

Won't somebody think of the poor starving landlords.

[kenny]

3 minutes ago, CornwallFox said:

Then do that. You presumably got into it for a profit, follow the money.

Exactly. Less tax to pay as well, essentially I just collect rent for the treasury.

[MaidstoneFox]

20 minutes ago, CornwallFox said:

I said less landlords creates less demand at the bottom end of the housing market allowing would-be buyers to actually own instead of rent.

Landlords aren't doing a public service by housing tenants. They're the cause of many of those tenants not being able to buy. 

We have for a long time needed more quality, rent-controlled housing provided by cooperative groups or housing associations. It's too important an issue just to be left to the market.

 

And how you fare in the housing market is often so down to circumstance and luck. Two of my cousins (taxi driver and hairdresser by trade) are millionaires, purely because their parents happened to buy a terrace house in Fulham in the early 1960s, with no idea what it might be worth one day. My dad could have gone to the same part of London at the time but chose Leicester instead.