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Retired Agent
Retired Proprietor
3721  Profile Views

About Me

I'm retired from the 'sharp end' of the PRS but still follow what's going on.

my expertise in the industry

Used to run a lettings agency and residential lettings training company but retired in 2014

Retired's Recent Activity

Retired Agent

From: Retired Agent 03 July 2020 20:31 PM

Retired Agent

From: Retired Agent 30 January 2020 17:24 PM

Retired Agent
1. The Government will take a very long time to reform court procedures for repossession as it is too wrapped up in Brexit and all the other promises. Court procedure reform is a very low priority. 2. Section 21 reform will go ahead fairly soon and make matters much worse for landlords to then regain legitimate possession putting even further pressure on the courts; landlords too will then have to use Section 8 Grounds or some S.21 replacement legislation but this will be much more expensive for landlords and court costs will inevitably continue to rise. 3. The amount of PRS accommodation available will reduce even further as landlords decide to call it quits as the reform of income tax levels especially for higher-rate taxpayers, and Stamp Duty surcharges, unless reformed in the March Budget, will make more landlords leave the market sooner rather than later. 4. Landlords have hefty hidden costs which the Government fails to recognise, and rents are not guaranteed to keep going up. A shortage of accommodation will keep rents high but there is an upper limit to tenants ability or willingness to pay, so homelessness will unfortunately increase as will B & B demand for displaced families. 5. The Governments reforms will cost it much more in the long term but doesn't manage to see it that way. 6. The stress and strain of the repossession procedure not to mention the huge loss of irrecoverable income in most cases, can easily put off landlords for ever. 7. Landlords are having to comply with ever increasing unnecessary legislation. 8. Governments tend to take much more notice of tenants problems, rather than those of landlords who are the ones providing the service after all and are thought mainly to be money grabbing pariahs. 9. Matters won't improve during or after 2020 they will only get worse. 10. I predict that nowhere near the number of "affordable" (ha! ha!) houses will be built to ease the problem, and Boris for all his good intentions is not conversant with the nitty-gritty, and will just hope the Housing Ministers who regularly come and go can get things moving (fat chance). Well that's just 10 points of view; I'm sure you could add another 100.

From: Retired Agent 17 January 2020 21:00 PM

Retired Agent

From: Retired Agent 05 July 2019 23:09 PM

Retired Agent

From: Retired Agent 28 June 2019 09:40 AM

Retired Agent

From: Retired Agent 28 June 2019 09:37 AM

Retired Agent

From: Retired Agent 12 June 2019 18:07 PM

Retired Agent

From: Retired Agent 15 March 2019 10:11 AM

Retired Agent

From: Retired Agent 03 July 2018 09:44 AM

Retired Agent

From: Retired Agent 31 January 2018 13:54 PM

Retired Agent

From: Retired Agent 16 February 2016 09:55 AM

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