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6 Months notice now needed for welsh tenants

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...........and the Welsh Assembly will wonder why so many people are homeless and seeking accommodation in the years ahead.

The result of this short sighted measure does not take take into account the landlords financial position regarding bank mortgage payments etc. Oh well over to you COR for your comments. The straw that broke the camels back perhaps for you?

These temporary measures will turn into permanent measures. Thank goodness I don't have any rented property in Wales. I nearly bought in Wales some 10 years ago now....... but woke up!

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Ah but will they later bring the same to England? 

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I suspect we will see this in England.

The pandemic is not over.....although large sections of the country think it is or are indifferent. A 2nd wave is more likely than not and the authorities are not going to be in any better position to help people made homeless.......so it makes good sense. If I were in Government I'd support it although it could potentially cause me personally a lot of grief.

Most of us landlords have learnt to roll with the punches.

Keep smiling.....gyms open from today.

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Just yesterday, yes yesterday, I went on the offensive against those that are enjoying the release from rent payment responsibility.

I have now upset a few T's and G'tors and confirmed for them that I am nowt but a scabby money grabber. If the Gov't says I'm wrong then I must be.

I reasoned that the Courts are sitting from the 23rd Aug, and repossessions can take place from end of Sept, so now was the time to take pro active action with the restoration of my ability to threaten their peaceful low expense existence. Wrong again. What a dumb dipsh*t I am, apparently.

Serves me right for calling the Welsh Assembly a retarded bunch of wuck fits I guess.

Thanks for the heads up btw, at least the pubs are open again, but not in Wales yet.

 

 

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I have come to the conclusion that COR is forcing the Welsh Minister to permit free tenants occupation of his rentals. 😃

They have all written to the Welsh housing Minister saying that COR is a slum landlord and is expecting rents to be paid whilst they are on a freebie money furlough lock-down.    😀

I am amazed you don't just sell up and get the hell out of it COR. You deserve the  LBM ( Landlord's Bravery Medal ) for putting up with what you have to put up with for so many years.

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I don't understand why you guys have a problem.

The Gov' come along, give you a stamp duty holiday, a reduction in VAT, discounted meals in August, defer your tax payments until January 2021, offer you the best savings rates available and a grant of up to £5K for energy savings and all you can find to do is moan, whinge and complain.

Next you'll be telling me that you are Labour supporters.

Life could be so much worse.

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Anything but a Labour supporter. However one of my tenancies which consists of two NHS workers have asked what reduction we would make for them. My mortgage company (Coventry) has not reduced the rate, I have seen reports of those who’ve taken breaks from payments  getting penalised and so yes it is taking the ‘pxxs’ when a tenant who has not been affected asks for a freebie. We made one small reduction for a tenant who was on mat leave as a gesture of good will as we are flexible but also not a pushover. 

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But if your tenants are NHS workers  surely they have been working throughout the lock down and likely to also have pulled in a lot of overtime. Or am I missing something???

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On 7/25/2020 at 1:12 PM, Melboy said:

...........and the Welsh Assembly will wonder why so many people are homeless and seeking accommodation in the years ahead.

The result of this short sighted measure does not take take into account the landlords financial position regarding bank mortgage payments etc. Oh well over to you COR for your comments. The straw that broke the camels back perhaps for you?

These temporary measures will turn into permanent measures. Thank goodness I don't have any rented property in Wales. I nearly bought in Wales some 10 years ago now....... but woke up!

Better start praying it won't happen in England 

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On 7/25/2020 at 7:12 AM, Melboy said:

..........and the Welsh Assembly will wonder why so many people are homeless and seeking accommodation in the years ahead.

Ah well, my experience is that the courts are socialist in result.

Consider, I / we claim from the underdog /s (reasons irrelevant to Court), there is no real social advantage to awarding reasonable, if any, effective penalties against the T or G;tor. Although if the G'tor has a more healthy economic situation maybe, but try to demonstrate that w/o looking like an unreasonable type of claimant. 

We are considered to be enjoying easy extra monies from property, and must accept risk as apart of the business we are in. Our need is less.

Penalise the T and he sees less reason to try for a future. We have gone so far w/o the funds and can even afford to find more to make claim. We have managed to reach that point so we should find it easier than the T to manage a future w/o the claimed monies. 

Clearly, even before Covid, there was a state direction to defer and even prevent repossessions. Such only gives greater problems for the state, repossession isn't an attractive result.

LL's are blamed for the house prices escalating out of reach of the poor 1st time buyers. Causing the BTL market to be less attractive can be  an advantage there.

As a general the houses are still there, no matter how someone will live in them. If that isn't providing our greedy profits who will care?

The comment on the long term outcome is relevant and clearly, imho, the retard, short sighted Welsh Assembly are going to cause their lower class areas to sink to lower levels. As they remove our incentive to invest they also remove those responsible for attempting to create and maintain attractive properties for the lesser able to live in, and I experience a good few of them.

The English gave them a lot of castles, I don't recall they ever paid us for them. The tourist revenues should be claimed from the chippy sods.

 

 

 

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Why I don't sell and leave 'em to it.

In 2007 the valuation was £78K per flat. I remortgaged in anticipation of a few years of slump.

The one flat I didn't own sold for £43K a few months ago. That has set the low value for some time yet, and that before Covid.

I would need to fund any sale by around £25K per flat. So why sell anyway while there is still some revenue?  The revenue, of course, is under continual attack. So anticipating a tipping point is reasonable. What is possibly more scary is the increased responsibility that gives increasing criminal responsibility threat against me for T activity. The Rent Smart Wales course to qualify for registration is flippin' scary with its many threats of fines and even custodial penalties. And remember ignorance is never an excuse. 

I have considered that Boris must be laughing his titties off at what the other nations are doing with the devolved power they can't handle. If they do anything successful he can adapt and adopt, they are experimenting, he waits for results. Where they F' up he points out how, and gains election advantage. Wait for the devolved nations to claim additional monies due to Covid. BJ must be considering his responses already.

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