Autumn Statement 2016

StriderX said:
Rent going up then. Enjoy.
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Woops, you don't know what you're talking about. Bad luck.

http://www.bbc.co.uk/news/business-38065249
A report by Shelter assessing the effect of the change in Scotland suggested that:
- Rises in rent had been "small and short-lived" despite expectations that rents would increase to cover the greater burden on landlords
- Landlords in Scotland were no more likely to have increased rents since 2012 than landlords elsewhere in the UK
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StriderX said:
Yeah but its london, completely removed from the rest of the country in terms of such things.
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Well, London has it's own issues with affordability hence why rent is so high but the fact remains that banning tenant's letting agent fees won't be a reason for that rent being so high. Regardless, that argument is moot. Should we *not* ban letting agent's fees to tenants just because landlords might raise rents? Landlords don't need an excuse to raise rents (especially in London where there is a captive market). The point is that letting agents provide a service to landlords, not tenants -- and tenants should never be paying fees.
 
Getting the Internet to absolutely everyone was not deemed economically viable for industry. Surely then the government should intervene and subsidise that?
 
I think the letting agents fees will depend entirely on what service people are getting from the letting agents. If they simply do background checks and don't actually manage the property then I imagine it won't mean a rise in rental costs. If they are managing the property however they will just say to the landlords "we are losing x amount of revenue from the new rules therefore our prices have gone up by x". Most landlords will then simply add that much to the rental price.
 
RoboCod said:
Getting the Internet to absolutely everyone was not deemed economically viable for industry. Surely then the government should intervene and subsidise that?
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No but getting 300Mb internet to 2 million homes with just 200Mb internet is considered important enough.................

How can poor Tarquin and Hugo cope when they have friends round if there isnt suffice download speed for everybody in the house to be streaming stuff........after each Tv has to be streaming 4k now with no buffering.
 
anticonscience said:
Who do you think they will apply to though? And you know the tennant will end up paying anyway.
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There will be lots of tricks and games played, agents are making a fortune and won't want the gravy train to stop. I can imagine a few test cases going to court before it's settled.
 
fez said:
I think the letting agents fees will depend entirely on what service people are getting from the letting agents. If they simply do background checks and don't actually manage the property then I imagine it won't mean a rise in rental costs. If they are managing the property however they will just say to the landlords "we are losing x amount of revenue from the new rules therefore our prices have gone up by x". Most landlords will then simply add that much to the rental price.
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landlords will jack the rents up anyway. They are going to get further shafted over the next few years with the tax changes so they'll use this as an excuse to make hay while the sun is shining. If the government wanted to really help then they'd make a concerted effort at replenishing council house stock and actually having affordable places for "the workers" to live. But they won't do that because they will be too busy looking after their mates with corporation tax breaks.
 
I didn't say it was the right thing to do I said it was easiest. I have to suffer with a miserable 1gbit connection in my town of 18000.
One thing swedes are good at. That and clearing snow.
 
fez said:
I think the letting agents fees will depend entirely on what service people are getting from the letting agents. If they simply do background checks and don't actually manage the property then I imagine it won't mean a rise in rental costs. If they are managing the property however they will just say to the landlords "we are losing x amount of revenue from the new rules therefore our prices have gone up by x". Most landlords will then simply add that much to the rental price.
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Hopefully it will mean landlords look around a bit more and find cheaper agents (I doubt they cared or maybe even knew what the agent was charging the tenant). Tenants can't do that, they are stuck with whatever agent happens to list the property.

Fee's were getting ridiculous so this is a positive move plus I don't think landlords will put up with massive fee's like tenants had to. They always have the option of self managing.
 
wildman said:
landlords will jack the rents up anyway. They are going to get further shafted over the next few years with the tax changes so they'll use this as an excuse to make hay while the sun is shining.
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There's really no basis to this argument. As I already posted:

http://www.bbc.co.uk/news/business-38065249
A report by Shelter assessing the effect of the change in Scotland suggested that:
- Rises in rent had been "small and short-lived" despite expectations that rents would increase to cover the greater burden on landlords
- Landlords in Scotland were no more likely to have increased rents since 2012 than landlords elsewhere in the UK
Click to expand...

Landlords will soon discover that their gravy train of high rents and high house price rises is going to go away. The best thing that can come of it is that a lot of them ditch their BTLs due to it being very hard to make a profit - and we get a lot more houses/flats on the market. That will go some way to reduce house prices eventually.
 
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