Rent controls - Is anyone else tired of hearing about this, we have had rent control for 7 years | Discuss

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Rent controls - Is anyone else tired of hearing about this, we have had rent control for 7 years
28/01/2015
3:00 pm
Mary Latham
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We know that politicians, who are chasing the 9m renters votes, are all talking a good talk about controlling private landlords and letting agents and I accept that there will be further regulation but why are they talking about introducing rent controls?  This is old news and we have had control of rents in the PRS since the introduction of LHA in April 2008

The LHA - local housing allowance - rates, which are paid to those who are in need of benefits to pay their rent, were calculated based on the Valuation Office (VOA) statistics which are the only official statistics on rents levels in every part of the UK.  The VOA continue to collate this information though the LHA rates are now capped at the 30% of average rents (known as Broad Market Rents BRMA) and the new figures which apply from April each year are increased every April at the lower of:

  • the LHA rate for the previous year increases by the consumer prices index, or
  • the rent paid for the cheapest 30% of the rents in your area.

LHA rates ONLY apply to tenants who are renting from private landlords - capping the rents that will be paid to the fixed rates.

It is now almost February and I can't even find the LHA rates which will apply from April!!

If politicians want to interfere with rent levels for those who do not rely on benefits they need to do their homework because the impact of price controls on any business is that supply will be reduced and that will not benefit the many people who rely on privately rented properties.

Out side of London and surrounding areas WE ARE NOT SEEING BIG RENT INCREASES. I have rents which I have not increased for several years because I prefer to keep my good tenants and many, many landlords do the same.

Mary Latham Landlord

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28/01/2015
3:46 pm
brassedoffbritain
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I agree and if they want rent controls what about also controlling the overheads heaped on landlords?

Council tax free periods

HMO Licence fees 

More licensing

Court Costs

All this must be covered by rent otherwise landlords will go out of business and what then?

28/01/2015
3:56 pm
Paul Routledge
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Council tax free periods 

hahahahahahahahahahahahah Laugh you silly billy..

28/01/2015
4:00 pm
micos
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I know you are joking Paul but it makes no sense to charge landlords for times when they are improving their properties or taking a short void to make sure that they are not taking one of these tenants

http://www.landlordreferencing.....ing-co-uk/

28/01/2015
4:02 pm
Mary Latham
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Well said BrassedOf

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28/01/2015
4:08 pm
Paul Routledge
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"Paul but it makes no sense" and that is why it happens because they never see outside the box...SurprisedLaugh

30/01/2015
4:14 pm
Mary Latham
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Just as well really Paul because many people will be living in boxes if they impact on a landlords ability to make money - we are in business for the same reason as any business.

 

Mary Latham Landlord

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30/01/2015
5:24 pm
micos
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Perhaps I'll start making cardboard boxes - it's probably an up and coming Laugh

31/01/2015
9:58 am
David Price
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micos said
Perhaps I'll start making cardboard boxes - it's probably an up and coming Laugh

Ah, a rival to my park bench business! Smile

02/02/2015
7:34 pm
Adam Hosker
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Both David Cameron and Liberal Democrat leader said Rent Controls wont work - today on sky news, both saying construction is the key.

Then Ive seen articles by The Independent and the RLA, Ying Tan, Vice News to name a few in last few weeks saying rent controls wont work.

I wrote about Rent Controls elsewhere; wont repeat it but its a very popular topic these days.

"The Americans couldn’t destroy Hanoi, but we have destroyed our city by very low rents. We realized it was stupid and that we must change policy" Vietnam Foreign Minister Nguyen Co Thach - 1989

“In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing it" Socialist Swedish economist Assar Lindbeck

In 1992, over 93% of economists agreed that “a ceiling on rents reduces the quality and quantity of housing available.” In 1988, over 95% of Canadian economists polled reached the same conclusion.

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