Showing posts with label renting. Show all posts
Showing posts with label renting. Show all posts

Friday, 18 May 2012

So we make providing homes to rent more expensive - that will help the housing crisis!

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The Welsh government (and plenty of English councils) are keen on the idea of "accrediting" private landlords.

The government will set out plans to improve the private rented sector and will expect landlords to register on an accreditation scheme.

It all seems like a great idea - we'll have a scheme that improves the quality of homes and management in the "sector". But the problem is that these schemes involve (this is from a voluntary one in Leeds):

Payment of a non-returnable application and membership fee.

And while this is fine if it's only a few quid, will it stay that way? If you inherit mum's terraced house and rent it out rather than sell, you'll end up losing a month's rent in accreditation to add to the month's rent in agent fees and the month's rent in costs. So you either sell or put the rent up.

This isn't simply a registration scheme but a means by which the sort of provisions under section 82 of the Housing Act 2004 become common-place.

In a selective licensing area the landlord must comply with the fit and proper person test included within the Housing Act 2004 to obtain a licence. His rented properties must be let within the terms of the licence conditions to ensure that the properties are safe and that the landlord can, and will, deal with anti-social tenants.

Accreditation is about exercising state-control over the private rental sector - it isn't about improving stock quality or housing management. It is expensive and the expectation is that the landlord will be picking up the cost - an act that simply makes housing more expensive.

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Thursday, 1 December 2011

Someone thinks social housing is an investment...

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...or it seems that way:


Investment manager M&G is set to step into the social housing lending market after securing £200 million of pension fund investment for the sector.

The fund, which launched today, will offer those housing associations that are unable to access the bond market long-term loans. The £200 million pot, which has attracted a number of investors, is the first of what M&G hopes to be a series of funds, with reports earlier this year putting the target value at around £1 billion.
 All this without a farthing of public subsidy. And why...

William Nicoll, director of fixed income at M&G Investments, said: ‘Social housing is a natural lending opportunity for any pension fund or insurance company that wants an inflation-linked income for the long-term."

There you go George - done with you even moving your lips!

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Tuesday, 15 November 2011

Ah, yes...Friends!

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How is this a problem?


New research has shown that high rents and living costs are forcing London tenants to live in shared homes. The average number of people living in a property in the capital has gone up from 1.5 to 2 in just two years, according to data compiled by HomeLet for its October rental index.

Didn't they watch Friends?

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