Under 25's to lose housing benefit ?

[dyna-ti]

Bitter eh, why should someone else take on the risk of a house to rent to you and then not make any money? Don't like it then buy your own.

Fair comment

A 250k mortgage ain't peanuts.

A bit over the mark there,not everyone has a 1/4 million house.Many many are below £50,000
:?

Or are you referring to members of our government


The government[all parties] have manipulated the unemployment figures for decades.A huge number of people had their status changed by the tories to put them on sickness benefit as that benefit isnt reflected in the unemployed figures so it appears there are less unemployed than there really are.Those people didnt have a choice in that and they sweetened the deal by offering a slight increase in their benefit.

 

[BertR00t]

A bit over the mark there,not everyone has a 1/4 million house.Many many are below £50,000
:?

Under 50k? Where?

 

[dyna-ti]

A bit over the mark there,not everyone has a 1/4 million house.Many many are below £50,000
:?

Under 50k? Where?

Parts of Glasgow you will get a flat for £15,000 ive even heard of old run down estates in England selling for £8G per house.

 

[Magsy]

I just sense unrealistic expectations. I bought my house at 20, it was 75k but I could have borrowed 150k at the time. I didn't because I wanted to live very comfortably, like my toys and big mortgages make me uneasy.

The point is that even my small 2 bed semi in the arse end of Wales is costing me £400 a month on some crazy 2% deal so you can't expect to rent anything for less than that.

I'm sure I saw a greestiles post about some place costing him £60 a week, that is unreasonably low, that is just not real world. It is not about landlords ripping you off, if you have a 100k buy to let mortgage you are going to need £550-600 just to break even so rent cannot be any less than that unless you want a hovel.

 

[greenstiles]

I think most landlords make good money, they wouldn't do it otherwise.

I have had some great landlords who have ended up friends, and as they put it, '' you are doing us a favour'' for keeping the house aired, lived in and in good repair for the future of the property. And paying us !

I have always had good private landlords, but some of the estate agents, jeez they forget WE are paying them for a service ! Just like if you pay for a hotel you expect a certain standard at a certain price.

Why some people are made to feel that a landlord or agency is doing them a favour for letting them rent their house i don't know....We are paying them !

Like inother countries i would prefer to rent, and up until recently i was happy with the fair rents being charged.

And yes it is our plan to buy a house in the future, when my wife finishes her degree while working and i finish my re-training, but it won't be in this country

 

[greenstiles]

It was £40 a week for 8 years...because the landlords lived and earnd money in the days where there was plenty of work and houses didn't cost the earth....the property i was in was valued at about £35,000 when i moved in....in eight years it's about £100,000 now in that village......so i take your point about landlords having to cover their morguages if they have one.

But like everyone else, if you can't afford to buy a house without charging high rents, then that's to do with banks and borrowing, not local tenants who may not earn much.

A lot of landlords go into partnership with other landlords to afford properties instead of struggling by themselfs.

My bitterness was more to do with having to move from Wales to a built up area to try to get better work only to find redundancies again. But yes i resent paying too much rent. It's all agencies here and your references mean squat if your new to the area, we had to front £3,000 to move in :shock:

 

[BertR00t]

A bit over the mark there,not everyone has a 1/4 million house.Many many are below £50,000
:?

Under 50k? Where?

Parts of Glasgow you will get a flat for £15,000 ive even heard of old run down estates in England selling for £8G per house.

Ah OK but hardly where you would want to live? There are places near me that can be bought for 30k but nobody would give you a mortgage due to subsidence.

 

[silverclaws]

I think most landlords make good money, they wouldn't do it otherwise.

I have had some great landlords who have ended up friends, and as they put it, '' you are doing us a favour'' for keeping the house aired, lived in and in good repair for the future of the property. And paying us !

I have always had good private landlords, but some of the estate agents, jeez they forget WE are paying them for a service ! Just like if you pay for a hotel you expect a certain standard at a certain price.

Why some people are made to feel that a landlord or agency is doing them a favour for letting them rent their house i don't know....We are paying them !

Like inother countries i would prefer to rent, and up until recently i was happy with the fair rents being charged.

And yes it is our plan to buy a house in the future, when my wife finishes her degree while working and i finish my re-training, but it won't be in this country

Just a point on what you said regarding we are paying them

Where I live, is rented and call it naive, forgetful crooked or whatever but my land lords bank statements regarding the mortgage on this place come here and naturally at some point I opened one of the letters and found I am paying all of the monthly mortgage payments and out of my rent there is £200 to spare, of which I understand there is a service charge of £25 a month for building upkeep, so that is £175 a month in my landlords pocket. No repairs have been carried out on the place, what breaks I fix, it has cost the landlord nothing in the past seven year I have been here. This place I know was bought as a retirement fund, my landlord is not retired yet, so I still live here, but at some point I will be out on my ear, that is inevitable.

 

[IDB1]

silverclaws, do you have an issue with your landlord earning that on his property?
Not a leading question, not wanting to get into a discussion about profits etc. Just asking.

 

[Magsy]

Why should he make no money?

You didn't make a provision for somewhere to live and he was smart and/or lucky enough to do it for you, now you object to the markup? Do you go into Tesco and expect to buy stuff at cost price? No.

If he is 20 years into a 25 year mortgage of course the payments are going to look low, but 20 years ago say £400 a month was a lot of money!
That is the beauty of owning a house and the problem with renting, as the years pass the payments stay the same but your wages/buying power go up massively. When you are in the last few years your mortgage can be less than your gas bill. If you rent then the price goes up with inflation and you will always be worse off. Renting is temporary.

Yes, people running around buying up all the houses to rent sucks but those days are over for most of them and where I live at least, you can rent my house for the same as my mortgage. I know because I seriously tried rent mine out but I couldn't make enuff to cover its cost completely.