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Graeme Wallis

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In Burnley it's £650...... :-(

From: Graeme Wallis 22 August 2016 18:49 PM

You cannot buy or rent anything without paying some kind of deposit, and renting a house is no different to anything else. I believe that deposits are necessary - the tenant has got to realise that they are going to lose something if they abuse/break things. Why should the Landlord always stomach the cost.? Once a tenant has disappeared over the horizon there is little chance of getting any money out of them - and again it's at the landlords expense. To safeguard the tenant, and the landlord, the law should be changed so that all deposits are compulsorily PAID IN to a scheme such as TDS and MyDeposits meaning that no deposits are actually held by landlords or letting agents. Disputes would be handled by the scheme concerned, just like they are now. Deposits would be returned directly to the tenant after submission of the correct paperwork at the end of the tenancy. The interest generated by the money in the scheme would ensure that fees to landlords would be kept to a minimum/free.

From: Graeme Wallis 15 June 2016 10:34 AM

So this policy will raise £1bn a year by 2021.?? Is that all.?? George Osborne is completely crackers to pursue this policy. The costs to the government will far exceed £1bn a year in additional housing benefits and other costs incurred as tenants are evicted when landlords sell up, and then end up in Hostels/B+B accommodation etc. because there will be insufficient affordable housing stock in the PRS for them to move elsewhere. We are already seeing a fall in the number of properties available for rent, and rents are already rising in some areas to pass on some of these tax changes/costs on to the tenants.(ARLA report last week). This could make even more average rental properties unaffordable to tenants - resulting in even more of them falling back onto government benefits. If that is starting to happen now, what on earth will it be like in 4 years time? Lunacy!

From: Graeme Wallis 10 June 2016 11:09 AM

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