The big freeze is here… but not how you might think.
Scotland has announced a rent freeze for all existing tenancies, AND a ban on evictions.
But what does this all mean?
And more importantly, how could it affect you in the future… even if you don’t invest in Scotland?
Hit play to find out what changes could be coming to England and Wales!
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thatchers legacy
landlord with no mortgage, BUT latest flat will have inflation priced in at the start , NOT A GOOD MOVE BY NICOLA!!!!
You're not wrong by any stretch of the imagination. It's a joke. Politicians couldn't find their arses in the dark never mind think through the knock on effect for the rental market. I was looking at purchasing two flats in Kilmarnock but now won't be doing so.
Can you make a video on, how to fire your agent?
Whats astonishing is; its "Government" that is causing Shortages & Price Hikes
Scotland will ban ownership of property after we leave the union
Ok, so I’m a landlord in Scotland with over 200 properties, I used to vote snp, now I will never vote for them again. They are absolutely useless, this will look good in the short term, but you guys have the House of Lords, so this will not happen in England.
Rent controls in Berlin havnt worked and didnt they try it in the UK in the past?
Also regarding build to rent companies, will rules being introduced to private LL's apply to corporations investing on this sector?
Is there an argument for increasing the deposit for new tenants to offset the risk of non-payment of rent? It’s only the same with mortgages, the greater the risk, the greater the deposit required
Is there an argument for increasing the deposit for new tenants to offset the risk of non-payment of rent? It’s only the same with mortgages, the greater the risk, the greater the deposit required
If they do this landlords will leave the market, stock of housing will increase on the market and at a lower price. there are 4.5 million private rented accommodation. If even 10% of that stock came on the market it would have a significant impact on housing prices.
I think a more sensible approach would be to limit rent increases in-line with the bank of england base rate increase or the increase in mortgage rate paid by landlord.
That way costs can be offset reasonably.
If they were worried about evictions why not just increase from 2 to 3 months S21.
Still doesn't cover landlords from rising material and labour prices though!
Thanks for this Rob yeap they always do a win for the tenant and the lose for the landlord.
Siezing your property will be next, which they have more or less done already.
Here's one for you Rob, with this extra money Liz is going to create to cap bills. Do you think the BoE will be push rates close to 5%?
Love the mug hahaha
Landlord bashing, because they are an easy target.
I'd love to see any government try price freezing the big supermarkets.
Their legal costs would be astronomical.
.
Nice mug haha
Am a new landlord and was told by my managing agent that you are only allowed to increase rent every 6 months by 5% have I been lied to???
In the last video I said I'm worried about what Nicola would do. Here we go… she needs to leave parliament as soon as possible.
I think the worst thing about the Scotland situation is the landlords that were waiting to see what happened and happened put their rents up will be screwed the most.
People just think landlords will continue to take a shafting…wont happen.
rent controls and rent freezes don't work with interest rates rising fast landlords will simply leave the market leaving the door open for Blackrock who are no better if not worse than the small hands on landlord
Every property you own which isn't your home is a no-home for a purgatory suffering serf.
What if you change the rental agreement to 1 week holiday rental agreement. This mean they would to have to move out at 11:00am and move in at 12:00pm
Besides the changing mug what I'd like to know is why are rental property stock at half of what they normally are?
I'm both a renter and a landlord of two properties (things you have to do to live in London). Rents in London have been skyrocketing and one of my neighbours had to move out since her rent got increased by 25% by her new landlord who bought the property during COVID. Rent freeze is a bad idea. But, there should be some kind of limit on how much a landlord can increase the rent per year (given that the property stays the same state as previous year). Rent control (where the government fixes the price) however, is even worse and I would have to sell my properties if that happens.
Let's hope is does extend across the whole of the UK. Landlords especially large rental property owning companies are far too fond of increasing rents every year as a matter of course taking away the majority of the state pension increases given to pensioners in line with the government's gerrymandered inflation figures. My landlord does. The 2022 pension increase I received was £22 per 4 weeks of which the landlord took £15 in a rent increase leaving £7 extra for me to spend each month. Whoopee? NOT !
Same rule recently in Queensland Australia