Extortionate rent increase

I hope you talk to your LL the same way you talk here. It will give them a better idea about what to do next.

You don’t need the LL life story but it might pay you to get a copy of the Land Registry Title (£3) to see if the property is mortgaged or not. Apparently only 1/3rd are so he/she might not be under the same sort of financial pressure as others. Gives you an idea whether the rent increase request is going to be hard or soft.

Would suggest that Mark should have reworded this as rents in line with similar properties in the area rather than rent increases as it is the rental level that will be taken into account if it goes to Tribunal. No need to go there if you can point out if the rent (level not increase) is higher than similar properties.

Changing tenants can be a stress point for a LL because it is an unknown. You’re a known quantity so meeting the LL part of the way would be a win-win.

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I totally disagree with what you said about landlords being with no mortgages, while they may not be under the same pressure ,they probably worked very hard to pay off there mortgage, I worked 14hrs a day 7 days a week for 7!years working away shopfitting to have a better quality of life and perhaps I am entitled to make a few quid in good times .
All my properties are £50-100 below market rate if tenants won’t or can’t pay then they have to leave.
Renting a property is a business,it has good times and more bad times so you need to make a buffer in the good times.

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In my second post early on in thread I ask. “How are comparable rents?”

This is out of context.

My reply was to tenant saying they arnt blind to LL situation, to which I doubted. Yet T wants her circumstances to be considered.

Whether Mortgaged or not is only part of the picture.

This has spiralled into something unnecessarily.

Best situation is to:

  1. Check if rent is inline with comparables.
  2. Speak with landlord to voice concerns and try to negotiate.

Always keep dialogue open.

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I was addressing the OP but you make a point. I should have cited the source which was the BoE Financial Stability Report. You have to compare the numbers in there with the ONS figures but I don’t doubt the BoE’s economists.

Affordability is a two way street. Is the LL financially strong enough or are they leveraged? Comment was to the OP to do some homework before entering into any discussion in the way you have outlined.

Never negotiate blind - nor do it emotionally.

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Clearly. Tenant would not be able to determine whether or not other properties within LL portfolio are mortgaged, only the one they rent, so would have an incomplete picture.

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Agree. That’s how our T wouldn’t let us increase their rent. We’re such a soft touch to have rolled over. But they made us feel like we were being unfair and cruel. I don’t know how they did it, but then they’re a psychologist by profession.
One thing for sure. They could teach a trick or ten all those T who come here ranting and playing victim and still not being convincing.

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You don’t doubt BOE? They have literally got everything wrong.

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What is BOE, please?

LOL. To see drama queens, please come here. She even sent me a private message, saying that everything I say, infuriates her. And I love it. :heart_eyes:

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You’re quite clearly a malignant narcissist. I pity “men” like you. Just sad, pathetic bullies who delight in goading people. I won’t be wasting another ounce of my energy engaging with you.

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@EmanNeercs the landlord rejected my request to switch to periodic monthly terms when my tenancy expires because “he needs a fixed term tenancy in place to satisfy the requirements of his mortgage”. Is this often the case with lenders? I’ve never had a mortgage before so have no idea.

I researched comparable rents online for similar properties yesterday. They’re between £900 and £950. So £1000 is indeed on the high side.

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Bank of England ? Maybe

There was a report yesterday in the times I think that tenants going to a rent tribunal are often losing out as the award goes to the landlord at the market rate not what the landlord wanted which often is below market rate.
If you think and have evidence why not speak to the LL and see what they have to offer !

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I didn’t know that. Nice to know that at least some official body has common sense. And I wondered why our TT never ever appeal our rent increase but start getting passive-aggressive ))).

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From your point of view you don’t need to do anything immediately. Once your AST runs out you move to a periodic anyway and your LL has to make a choice.

If there are rent arrears of more than 2 months based on underpaying the “new” rent, he/she can move to a section 8 letter but these take time to work through the system. Or he/she could start send a section 21 letter which is the start of a ‘no fault’ possession / eviction process which again takes time. Probably about 6 months. Read Shelter on this.

Or as stated above you could give him the option of having a new agreement for his mortgage provider at £xx less than request or go to Tribunal to have a 3rd party set the level.

The s8, s21, s13 approaches are all formal and can be a bit of a pain so negotiating is probably the best way forward first but be aware of the alternatives available for the LL if negotiating doesn’t yield an equitable result.

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It really annoys me when tenants use the same old line of “I’m paying the landlords mortgage”, not that I’m saying the op used those exact words but I’m sure i read somewhere they practically starved so they didn’t affect the landlords mortgage.
Tenants pay rent to live in a property, what that rent goes towards is not their business so they need to really calm down with the “we pay the mortgage”comments. :roll_eyes:

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11% , doesn’t seem extortionate at all but to someone who may be financially struggling such as yourself it could certainly come across that way. There is no cap on rents as the market dictates the rates and it’s unfortunate that if you can’t afford the current rate, you may have to seek alternative accommodation that fits within your budget. Good luck

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