The joy of being a landlord

Bald-Eagle22 said:
No . It dosn't make sense to the uneducated people who have zero idea of BTL finance and its evident quite a few of you on here don't. I belive you do but I'll put you firmly in the LL haters camp.
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That would be odd, since I'm a LL myself

Bald-Eagle22 said:
But my point still stands regardless of anyone's moral point of view -love us or hate us private Landlords are a necessary evil and if the government keeps hounding us with taxes there will be a massive exodus and rents will explode .
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I don't think private landlords are a necessary evil, they have a function in society. I just don't have much time for the whinging that LL's have currently been doing because their once extrememly easy and lucrative way of leveraging their capital now doesn't provide quite the same level of returns and if they want to do something else with their capital, just do it rather than with all this hand wringing with all this faux concern about the level of rents people will have to pay.

Of course, like dlockers used to say, every LL ITT is one of those alturistic ones who never put the rent up and are all renting their properties out at massively under market rate.....which includes me ofc ;)
 
D.P. said:
But that is the point, the renter is paying the interest on the landlords mortgage and thereby enabling the landlord to jave the property in the first place and profit from renting
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Yes , I'm. not trying to make that point . Maybe people are not getting the point I'm trying to making here, I'll be clear as I can be .

Any Goverme tax increases or NI implementation of Landlords -- ITS NOT THE LANDLORD THATS GOING TO PAY FOR IT ! I'll let you guess who will .
 
Bald-Eagle22 said:
And that is still a lot of properties , again hardly asp2irational to save and work hard is it .
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£1.5m is going to be in the top couple of percent of house prices in the UK. That’s beyond “hardly aspirational”. That’s an absurd fantasy for the overwhelming majority of the population.
 
Freakbro said:
That would be odd, since I'm a LL myself



I don't think private landlords are a necessary evil, they have a function in society. I just don't have much time for the whinging that LL's have currently been doing because their once extrememly easy and lucrative way of leveraging their capital now doesn't provide quite the same level of returns and if they want to do something else with their capital, just do it rather than with all this hand wringing with all this faux concern about the level of rents people will have to pay.

Of course, like dlockers used to say, every LL ITT is one of those alturistic ones who never put the rent up and are all renting their properties out at massively under market rate.....which includes me ofc ;)
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Haha and me , but change is a coming.
 
Vonhelmet said:
£1.5m is going to be in the top couple of percent of house prices in the UK. That’s beyond “hardly aspirational”. That’s an absurd fantasy for the overwhelming majority of the population.
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And you think it would stay at that level for how long . Mmm let me think , when another 3.7 million people need PIP. or the NHS need another 20 billion this month, or we need to fund another foreign intervention of some kind.
 
Bald-Eagle22 said:
And you think it would stay at that level for how long . Mmm let me think , when another 3.7 million people need PIP. or the NHS need another 20 billion this month, or we need to fund another foreign intervention of some kind.
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Meh, won’t happen. The housing market would grind to a halt.
 
Freakbro said:
I don't think private landlords are a necessary evil, they have a function in society. I just don't have much time for the whinging that LL's have currently been doing because their once extrememly easy and lucrative way of leveraging their capital now doesn't provide quite the same level of returns and if they want to do something else with their capital, just do it rather than with all this hand wringing with all this faux concern about the level of rents people will have to pay.
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There wasn't much concern for tenants when mortgage rates shot up and that increase was passed to them.

I got out of LL earlier this year. Took 18 months all told and one court case. Even after spending thousands on upkeep, I did very well out of it. Towards the end, I wasn't really making on it. House price increase at 5%, inflation at about the same. 40% on rental income putting me in negative return every month. The legislation in Wales is far more draconian than in England (some of it good safety, maintenance. some of it bad, difficult tenant, tenant stops paying, approx 12 months to get them out, tenant gets free legal council in court). Glad I got out when I did.

Moved capital into something else with far less hassle. What I would ask is, those that hate LLs so much and want the whole sector banned, what do you suggest is the answer? Private LLs are leaving the sector, the larger company LLs will almost certainly provide a lower quality experience. The argument for getting rid of LLs to make house prices lower doesn't seem to be working as house prices aren't coming down. The cost of renting due, in part, from lack of LLs is making the situation worse. How is getting rid of, and the rather unfair level of late hate towards, private LLs good for those that need to rent?
 
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EddScott said:
Moved capital into something else with far less hassle. What I would ask is, those that hate LLs so much and want the whole sector banned, what do you suggest is the answer? Private LLs are leaving the sector, the larger company LLs will almost certainly provide a lower quality experience. The argument for getting rid of LLs to make house prices lower doesn't seem to be working as house prices aren't coming down. The cost of renting due, in part, from lack of LLs is making the situation worse. How is getting rid of, and the rather unfair level of late hate towards, private LLs good for those that need to rent?
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I'd like to see large scale reinstatement of publicly owned social housing to reduce the amount of public money (benefits / housing support) that goes straight out into private hands and remove some pressure from the private rental market. Right To Buy while also making it difficult or impossible for local authorities to replace that stock with new social housing was an predictable disaster long term.
 
Vonhelmet said:
£1.5m is going to be in the top couple of percent of house prices in the UK. That’s beyond “hardly aspirational”. That’s an absurd fantasy for the overwhelming majority of the population.
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£1.5 mill is actually not a lot these days. My late Grandfathers 3 bed home that he bought in mid 60's as his retirement home, which he sold in mid 80's for about £200k. It sold for £1.3 mill 4 years ago.
My Grandfather was a shopkeeper.
 
Glaston said:
£1.5 mill is actually not a lot these days. My late Grandfathers 3 bed home that he bought in mid 60's as his retirement home, which he sold in mid 80's for about £200k. It sold for £1.3 mill 4 years ago.
My Grandfather was a shopkeeper.
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£1.5m is a lot, sorry. Maybe there’s some bits of London where it’s not quite such a lot, but in the grand scheme of things… it’s a lot.
 
Glaston said:
£1.5 mill is actually not a lot these days. My late Grandfathers 3 bed home that he bought in mid 60's as his retirement home, which he sold in mid 80's for about £200k. It sold for £1.3 mill 4 years ago.
My Grandfather was a shopkeeper.
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www.gov.uk

UK House Price Index for January 2025

The UK HPI shows house price changes for England, Scotland, Wales and Northern Ireland.
www.gov.uk www.gov.uk

  • there has been an annual price rise of 4.9% which makes the average property in the UK valued at £269,000

Its 5.5x the average is a lot by any reasonable metric.
 
Bald-Eagle22 said:
No . It dosn't make sense to the uneducated people who have zero idea of BTL finance and its evident quite a few of you on here don't. I belive you do but I'll put you firmly in the LL haters camp.


Very few landlords make capital repayments on their mortgae and the vast majority are interst only.

And my hypothetical is happening way more than you would imagine , people have leveraged themselves up to the hilt on BTL and are happy to make zero profit for a 10 year period . The end game being selling an appreciating asset that they only pay CGT on - admittedly this is more London and the south east but I did say extreme. As a rough guide a £250,000 property will achieve around £1200 a month in rental income with a £50,000 deposit or equity a £200,000 2 year fixed rate mortgage @ 6.29% runs at around d £950 to £1000 a month , that's an avergae. You might get one for less, you might get one for more dependant on usual criteria , rental income , lease length, personal credit score ect ect. These are BTL mortgages not residential and are more expensive, if your property is in a company name the mortgage would be even more.

But my point still stands regardless of anyone's moral point of view -love us or hate us private Landlords are a necessary evil and if the government keeps hounding us with taxes there will be a massive exodus and rents will explode .
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As others have pointed out who have already replied to your reply to me, I was not wrong, but your vapid view of what LL's contribute and your expectations and attitude towards being a LL is being made all the more clearer.

There is no LL haters camp, and I believe the person you are replying to is a LL themselves, as am I.

Your hypothetical might be happening more than you imagine, but that's because too many people got into being a LL wanting to earn a vast profit doing very little day to day, and yet for some reason, these people don't appreciate that investments can go up as well as down. They think it is their right to take a home off the market and turn it into a money tree. This attitude is why LL's like that are dislikes, who are crying now they don't have a free money tree and think they are above working or being taxed.

I've got stocks and shares, and now I have ended up with a property following a break up that I didn't need to live in, with a BTL mortgage, that I am happy to rent out at below market rate as long as my Mortgage and expenses are covered. That makes me a LL. I am aware as an investment, it might go up or down. What I have not done is foolishly leveraged myself and assumed I will make a profit. I'm well above 70% LTV on my mortgage, and all the LandLord forums were telling me to sell and buy 3 rentals, with no thought to things going poorly or the economy changing.

It is a vast privilege to be a able to be a LL, act like it.
 
Freakbro said:
Of course, like dlockers used to say, every LL ITT is one of those alturistic ones who never put the rent up and are all renting their properties out at massively under market rate.....which includes me ofc ;)
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I think we can spot who is legitimately a good LL and who has watched too many Samuel Leeds videos.
 
hurfdurf said:
As others have pointed out who have already replied to your reply to me, I was not wrong, but your vapid view of what LL's contribute and your expectations and attitude towards being a LL is being made all the more clearer.

There is no LL haters camp, and I believe the person you are replying to is a LL themselves, as am I.

Your hypothetical might be happening more than you imagine, but that's because too many people got into being a LL wanting to earn a vast profit doing very little day to day, and yet for some reason, these people don't appreciate that investments can go up as well as down. They think it is their right to take a home off the market and turn it into a money tree. This attitude is why LL's like that are dislikes, who are crying now they don't have a free money tree and think they are above working or being taxed.

I've got stocks and shares, and now I have ended up with a property following a break up that I didn't need to live in, with a BTL mortgage, that I am happy to rent out at below market rate as long as my Mortgage and expenses are covered. That makes me a LL. I am aware as an investment, it might go up or down. What I have not done is foolishly leveraged myself and assumed I will make a profit. I'm well above 70% LTV on my mortgage, and all the LandLord forums were telling me to sell and buy 3 rentals, with no thought to things going poorly or the economy changing.

It is a vast privilege to be a able to be a LL, act like it.
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If you think I'm in it to be a charity - think again! I'm here to make money pure and simple , your bag if you want to do otherwise. My funds are doing ok as is my pension.

Privilege - I think you will find it's called hard graft over 40 years of being in the work place and being clever with money. I will let my tennants be the judge of what sort of LL I am thankyou.
 
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