Changes to the level of Civil Penalties for Right to Rent breaches
Reminder that the Home Office has announced a large increase the level of fines that landlords can face if they are...
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The last two rooms I let in HMOs were to
1. Polish worker who had been in a hotel for 4 weeks looking for a flat/room.
2 Zimbabwean care worker who had been in a hotel for 6 months looking for accommodation.
If the abolition of Section 21 goes ahead there will be even fewer private rentals on the market and even greater rent rises. We are running headlong to crisis point I think and I have raised all my rents (20+) last week. Normally I don’t raise rents but some tenants have been in properties for 10+ years so I need to adjust with the times. In London the rate seems to be £900 pm per room!!!
The government haven’t a clue what they are doing and every piece of legislation seems to take more stock out of the market. The less legislation, the freer the market, the more competition there is. Whatever happened to the free market economy?? Rent controls next which will obliterate it completely I guess.