So this might be more of a rant than much else, but if anyone has any suggestions Iād love to hear them.
Have a potential tenant with some credit issues in the past. They have a relative who is happy to act as guarantor, but having just sold his business and has not yet started his retirement income. But heās sitting on lots of cash. Iāve seen the docs and are happy with themā¦ tbh they look much like my own finances, Iām in a similar situationā¦ itās not in my interest to have lots of income right now. So he passes a credit check but not affordability. Accesible but not taken Retirement income, cash, Isaās etc are not acceptable as proof.
So canāt get the tenancy rent insured. Which Iām not happy to progress with as it seems a bit too stacked against the LL without it. That Ā£200 helps me sleep better.
Theyāre happy to put down 6 months up frontā¦ which just really moves the problem to a later date.
If I could have 6 months as either a deposit or a rolling buffer (IE 6 months upfront and paying monthly 6 month ahead) with guarantor Iād be a lot more likely to take a slight risk on it.
However, it appears that with both of us as willing parties to such an arrangement, government Says āno, thatās illegal and your tenancy is now toilet paperā
Which is a bit annoying.
Anyone got a good (legal) way round it or is this one for the rejection pile?
Oh and thanks to the government for āhelping make the system better and fairerā.
Itāll only get worse. From 2025, you wont be able to take more than 1 months rent upfront, so that will mean more āriskyā tenant, struggle to secure a tenancy.
If you are not happy with the risk today walk away
The government has put these kind of tenants on the fire heap as no one is going to risk it without a s21, backlogs in court over 12 months and a three month notice period
These are the tenants people tolerated but have now evicted due to upcoming legislation
I didnāt realise that. Tbh Iām not into rent upfront anyway as that just moves the problem to a different date, though I understand why some would like it.
Itās almost as if people in government have absolutely zero idea of what their well-meaning policies will actually do. A clown-show of bumbling imbeciles poking themselves in the eye with u-shaped party horns.
Hopefully theyāll stop trying to help everyone after this.
Tbh, a guarantor is not the solution if he cant afford the property. What happens when you need to put the rent up or he has unexpected costs elsewhere? Does any landlord really want the hassle of having to sue someone just to get their rent?
They never started trying to help anyone in the first place ā¦
They were always helping themselves!
Landlords have to be energy efficient but the PM goes in a private jet everywhere ā¦ā¦
Why is he solving problems abroad when heās got problems on his own front door?ā¦.
Guarantors are for when the unexpected happens to people who are building up a financial cushion, not for when the expected happens to people who never even start to build one.
Though I think many of them are actually oblivious to the unintended consequences of their actions. Iām almost of the opinion we need to pay Mpās a bit more to get a higher calibre. Tho maybe thatās a bit drastic.
I think they need to sit exams
You canāt go into any profession without qualifications ( law, medicine etc etc).
Why then do MPs with no qualifications ( apart from Angela Rayner who literally has CHAV as a post nominal ) have any authority to change the landscape ?
You wouldnāt prescribe any new drug without years of animal testing small studies large studies etc etc but these no brainers get elected to be gifted glasses, shoes and penthouse apartments (for their kids to revise in)etc etc but have no idea what they are doing
George Blunkets applied indefinite sentencing under his tenure
People have sat in prison for over a decade for a mobile phone theft
He just said I had no idea of the consequences
Iām sorry
In Angela Rayners words āWestminster is full of dysfunctional people ā
Itās chaotic
Neurotypical donāt want to work in that environment. Only dysfunctional personalities thrive
Mm, but then who sets the exams, socialist academics? Apparently David lammy has a rather good education, yet I think most of us would hesitate to trust him to run a lemonade stand. Those that think we can slap each other on the back by declaring net zero and then just sending our manufacturing jobs to china and let them pollute the same atmosphere instead. A job well done lads.
Thereās plenty of them that seem to think socialism works. That everything needs constant micro-management and government guidance.
Maybe we just get the politicians we deserve.
Iām a little jealous of the DOGE thing about to take off in the US. We need a reset of some type, or itās managed decline forever.
Anyway I digress. . Yes Iām looking for an alternate tenant. Who canāt afford to buy a house cos there politicians think importing hundreds of thousands of low skilled people every year is also a good idea.
Simple solution, never be tempted to āhelpā anyone, do the opposite and always choose the person who can best afford it. The system will screw you otherwise.
Iāll set the exams!!!
Iāve done enough of them
I wouldnāt trust any of them with a lemonade stand, especially not Reeves!!!
TBH anyone with an iota of common sense could pass
Having said that Westminster may be a little emptier than beforeā¦
If you did leave Lammy with a lemonade stand, by the time you got back heād have given your stall away to the inhabitants of Tristan da Cuna and then call you a racist before youād even questioned it.
Reeves on the other hand would have sold none of the now net zero, high sugar tax lemonade for Ā£39 a glass, and have started borrowing billions to stake Britainās future on becoming a world leader in premium lemonade export.
Starmer would move the stand to the beaches of Dover to ensure the whole world gets itās human right to a fair free share of your lemonade. Heād extend the stand to include sun loungers and parasols at your expense and then demand his fee.
And then the rest of them would probably ban advertising it. Along with banning ice cubes and straws for good measure.
You forgot to mention Angela whoās priority would be a to hire vanity photographer to capture her lemonade stand because she needs to strike a balance between needing to let people know what sheās doing and where she is ā¦.
It would be called the sanctimonious lemonade stand
If the plebs wanted to remove the lemonade stand they would gather momentum of a petition to remove it but Starmer would not concede
They should all be psychometrically evaluated . Westminster seems to be a club of narcissists ( like most of the leaders we have presently and incoming ā¦.)
I think itās time for us landlords to take action. The government is using us as Social Housing providers.
My daughterās boyfriend has had a tenant who hasnāt paid rent since June 2024 saying he has no money. He has had eviction judgement against him and told to vacate the property on 9th of December. That is six months without rent and still hasnāt moved saying he has nowhere to go. The next step is to ask for the high court to arrange for the bailiffs to go round but even if the high court agrees with the eviction they canāt do anything until sixth of January. We donāt know when the bailiffs will be sent around and what happens if he is not at home or if he refuses to leave.
What kind of justice is this? I am a landlord myself and dependent on the rental income as I invested in properties rather than letting someone like Robert Maxwell ( owner of the mirror group for those old enough to remember) to steal my pension.
This is not the way it should work and I am putting a petition together to send to the housing minister as well as the Justice minister requesting that a decision to evict should not take longer than one month and to give certificate to Bailiffs identifying them as authorised bodies and allow landlords to use them privately once the court has served the eviction notice. There should be no more delays after the first eviction notice has been served.
If you agree with this then respond and if I have enough support I will let you know where to find the petition so that you sign it before I submit it.
I think you have a noble idea
Unfortunately landlords, once respected, are now vilified.
This government wonāt listen
Angela Rayner was a social housing tenant
She and her colleagues has a blood lust for landlords and no regard for reality
Worst of all it was the Conservatives who started the ball rolling so we have neither party on our side anymore
I was at a course recently
Ben beadle has tried really hard but the n r l a are not investing in a no win situation
This government is more hard nosed than the last
The only consolation is that the new Bill isnāt going with the momentum originally anticipated
I think prayer maybe more powerful than a petition
But I will support your idea
Success is not how many times you fall down but how many times you get up
The problem is there are more tenants than landlords.
The demographic in this government is that young MPs are renters not homeowners so they are protecting their own interests ( David Smith was at the labour conference and said the landscape has changed ).
They want home security.
Gone are the days of yesteryear when we rented a hovel, saved like mad to get our deposit and buy a house and then worked like a dog to pay off our mortgage.
I didnāt take a holiday until after my mortgage was paid off.
I did locums in the holidays and weekends and nights to pay the mortgage off faster
Todayās generation want Harrods luxury at Primark prices.
They are entitled and donāt realise how much stuff costs.
The MPs that rent in government are more in number than before ( itās not like the Conservatives) thus they have more voices and yield influence .
Rachel Reeves abstained from the last vote regarding the new bill.
An elderly neighbour said to me in her day there wasnāt much selection you only bought what you needed
Now everybody wants insta everything and they want to live like the housewives of ā¦ā¦
They want fame , more money and they want it yesterday
The time old adage of make in haste repent at leisure has no meaning anymore
Money earner in haste will never be valued
Look at the number of celebrities whoāve lost their millions
Beggars are choosers
This generation write with pictures and donāt understand grammar
. Yes Iām looking for an alternate tenant. Who canāt afford to buy a house cos there politicians think importing hundreds of thousands of low skilled people every year is also a good idea.