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Paul Tawn
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Hi John, I totally agree, & I forgot to mention in my earlier post - like you I have had to replace 3 combi boilers & also expensive storage heaters (to comply with EPC) this year, also quite a lot of other maintenance issues, expensive roof repairs (due to the 3 storms we have had). I have had to lend money off family members, because my expenses have been quadruple what my rental income has been - I still owe the full amounts to these family members. I don't think the government realise how expensive it is to maintain rental properties. All the maintenance issues I've had - the builders/plumbers etc who have done the work, would not say to me "its ok, pay me in 3 months time, or when you have the money". I just feel the government are supporting tenants & not landlords, as a holiday period from mortgage payments (for landlords) is peanuts compared rental income & also the total amount it costs to keep a rental property in a great condition for tenants. I know we have got to look after each other, (landlords & tenants) especially with the coronavirus, & I wouldn't have a problem with tenants taking a rental holiday, as long as it is paid back. I feel some tenants will abuse this 3 month holiday rule & some will expect to have 3 months rent free !! Which is totally ridiculous as I certainly can't & many other landlords cannot afford to do this. I feel the government should loan the money to tenants & give them a reasonable payment plan, instead of forcing landlords to go bankrupt, through non payment of rent.
From:
Paul Tawn
19 March 2020 13:35 PM
The 3 month rent payment holiday is ridiculous !! My rents are so low already, they range from £325 (1 bed flat) to £595 (Detached house, good area, amazing views). I am a good landlord, that provide's cheap & great condition properties to rent for my local community, & the majority of landlords are good like myself. The rent (after mortgages, maintenance, bills, etc) is my income that I rely on to live, just as normal employed people do. So who will pay my (and other landlord's) bills. Landlords have have a torrid time lately with all the measures the government has put in to penalise landlords, which has sent many landlords over the edge & had to sell their portfolio's. The community needs cheap housing that I provide. If I give my tenants 3 months rent holiday, I would be finished !! The 3 month rent holiday is just the same as if I said to my local supermarket, let me have my food for free for 3 months, or went to the petrol station to fill up for 3 months for free, or my lease car, no payment for 3 months, which the government has not asked other businesses to do, but they have with private landlords. Why are the government hell bent on targeting & ruining private landlords. We need to earn money to eat as well !!
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19 March 2020 12:49 PM
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From: Paul Tawn
19 March 2020 13:35 PM
From: Paul Tawn
19 March 2020 12:49 PM