By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
on the ground rent cap, plus stronger legal rights to dispute unreasonable service charges, easier “Right to Manage” and the eventual getting rid of leasehold altogether. Been the bane of our life that lot, so brilliant moves by Labour.
Funny how no-one mentioned it on here. Plenty of good stuff is happening with this government as they try to fix years of neglect, but it doesn't seem to get reported so strongly.
Excellent work by the government yesterday on 09:16 - Jan 30 by Jimbo75
Yeah i guess that helps the majority of the country who don't pay ground rent! How about the taxes the 'majority' of the country are paying to fund the migrant hotels, their private NHS care including dental, 5* hotels... don't think most people give a shi* about this if i am honest! The sooner this pirates are gone and the country gets the reform it needs the better it will be for all of us and our children's futures
[Post edited 30 Jan 9:19]
You do realise that it's a tiny fraction of your taxes that are paying for migrants hotels, right? And that Labour have already managed to cut the use of hotels compared to what it was under the Tories?
Also, this idea that living in a hotel is somehow the pinnacle of luxury is a load of boll0cks really. You've got people sharing a room, a room that has a bed and a small bathroom and that's about it. No real living space, no proper cooking facilities. They are given a very small basic allowance to cover living expenses so it's not like they can go to a restaurant like you or I might do when we use a hotel on holiday. I'd lose my mind living like that, if you'd trade your situation for living in a cramped hotel with no living space or kitchen facilities for weeks or months and surviving on a pittance and being denied the ability to work, then good for you. I suspect you wouldn't want to live like that though.
Excellent work by the government yesterday on 07:46 - Jan 30 by DJR
I wonder if there could be an issue with commonhold in the private sector if you find that some owners object to the carrying out of important works because they don't have the money to pay for them.
There might also be problems if some owners don't pay the service charge more generally.
I also wonder how commonhold would work in the case of blocks of flats with dangerous cladding.
At least at present, larger landlords will have a bit of financial oomph behind them, so may be able to carry out the required works etc.
[Post edited 30 Jan 8:07]
It will definitely be an issue. Scotland has the Tenement Management Scheme to try and prevent/resolve disputes.
1
Excellent work by the government yesterday on 11:18 - Jan 30 with 856 views
Excellent work by the government yesterday on 09:23 - Jan 30 by Jimbo75
Don't worry about the billionaires, the people who have done well for themselves in life with businesses are getting hammered. By the way i am pretty well educated! And i don't have time for Facebook and its political nonsense, i have 3 businesses to run!
[Post edited 30 Jan 9:25]
Ok, I concede you've really impressed me there, wow.
Excellent work by the government yesterday on 17:56 - Jan 28 by MedwayTractor
The fundamental error in landlord bashing is that it discourages landlords. This means a diminishing supply of accommodation in the rental market. The law of supply and demand means, inevitably, that rents increase for the diminishing supply of accommodation.
Whilst, therefore, the last 100 years or so of successive governments keeping rents down for tenants sounds like good news for them, the long term result is that rents rise and there are fewer properties available. Is this really in the best interests of tenants? A more obvious answer to keeping rents down is to create a market which encourages more landlords, so that the law of supply and demand reduces rental levels.
What rent control policies have done is to create a rental market which has directly the opposite effect to the interests of tenants. This is without even addressing the questions of the mobility of the workforce, or the maintaining the housing stock in good repair.
Lewis Goodall sums things up well here:
People who both own or rent in new build flats are getting screwed left and right and centre in numerous ways.
Having said that, if I had the money to invest I'd never get into Buy to Let now - looks extremely difficult to make money and so many downsides - see https://www.telegraph.co.uk/mo
I think the only real answer is a huge public works campaign to build publicly owned housing where profit is not a consideration.
Edit: This would have the lovely silver lining of relatively AI-safe job creation - we need the homes and jobs, so why not invest?
[Post edited 30 Jan 11:21]
Has anyone ever looked at their own postings for last day or so? Oh my... so sorry. Was Ullaa
Excellent work by the government yesterday on 10:31 - Jan 30 by Keno
mmmmm....
Beware the law of unintended consequences
Cap ground rent, good for renters Landlords not so happy so start selling off rental properties
less rental property available so rents increase sudden increases in property for sale see prices fall which means many owners could end up in negative equity
Lots of negative equity sees potential credit crisis as lenders under pressure
Time will tell whether its good or bad
Ground rents impact owners of leasehold property, rather than renters. They're essentially exactly what they say on the tin - rental of the land on which the property is built.
They can range from a couple of pounds a year (ex-LA properties, and older houses/flats on very long leases), to outright extortionate (there are some blocks here in Norwich, owned by one particular freeholder, where ground rent is in excess of £1,000 per unit per annum).
They were generally benign enough until, in the late 20th century, property developers realised that they could turn these token payments into a very lucrative income stream. This led to incredibly nasty rents (say £100 p/a, doubling every give years) and people unable to sell or remortgage their homes.
This announcement is only good, and the only significant impact it will have is upon the ultra-wealthy.
Excellent work by the government yesterday on 09:16 - Jan 30 by Jimbo75
Yeah i guess that helps the majority of the country who don't pay ground rent! How about the taxes the 'majority' of the country are paying to fund the migrant hotels, their private NHS care including dental, 5* hotels... don't think most people give a shi* about this if i am honest! The sooner this pirates are gone and the country gets the reform it needs the better it will be for all of us and our children's futures
[Post edited 30 Jan 9:19]
Care to share the details of any of these five-star hotels that are being used to house asylum seekers?
The Brook Hotel here in Norwich certainly isn't one of those. It was probably two-star at best before it started being used for asylum seekers, and has no doubt only got worse since then.
Excellent work by the government yesterday on 11:33 - Jan 30 by Zx1988
Care to share the details of any of these five-star hotels that are being used to house asylum seekers?
The Brook Hotel here in Norwich certainly isn't one of those. It was probably two-star at best before it started being used for asylum seekers, and has no doubt only got worse since then.
So what are you saying, there's no cocktail bar, spa or Michelin star restaurant, like the other migrant hotels?
Excellent work by the government yesterday on 11:33 - Jan 30 by Zx1988
Care to share the details of any of these five-star hotels that are being used to house asylum seekers?
The Brook Hotel here in Norwich certainly isn't one of those. It was probably two-star at best before it started being used for asylum seekers, and has no doubt only got worse since then.
It's not five star, but it's certainly competitive.
Excellent work by the government yesterday on 09:23 - Jan 30 by Jimbo75
Don't worry about the billionaires, the people who have done well for themselves in life with businesses are getting hammered. By the way i am pretty well educated! And i don't have time for Facebook and its political nonsense, i have 3 businesses to run!
Excellent work by the government yesterday on 09:23 - Jan 30 by Jimbo75
Don't worry about the billionaires, the people who have done well for themselves in life with businesses are getting hammered. By the way i am pretty well educated! And i don't have time for Facebook and its political nonsense, i have 3 businesses to run!
[Post edited 30 Jan 9:25]
Makes me wonder how many hot dog stalls you have to own before its considered an empire
1
Excellent work by the government yesterday on 12:24 - Jan 30 with 692 views
Excellent work by the government yesterday on 11:32 - Jan 30 by Zx1988
Ground rents impact owners of leasehold property, rather than renters. They're essentially exactly what they say on the tin - rental of the land on which the property is built.
They can range from a couple of pounds a year (ex-LA properties, and older houses/flats on very long leases), to outright extortionate (there are some blocks here in Norwich, owned by one particular freeholder, where ground rent is in excess of £1,000 per unit per annum).
They were generally benign enough until, in the late 20th century, property developers realised that they could turn these token payments into a very lucrative income stream. This led to incredibly nasty rents (say £100 p/a, doubling every give years) and people unable to sell or remortgage their homes.
This announcement is only good, and the only significant impact it will have is upon the ultra-wealthy.
the only significant impact it will have is upon the ultra-wealthy.
Not strictly true, as the ABI pointed out it could affect a lot of pension scheme and thus their pensioners, not all of whom are Ultra wealthy
Excellent work by the government yesterday on 12:24 - Jan 30 by Keno
the only significant impact it will have is upon the ultra-wealthy.
Not strictly true, as the ABI pointed out it could affect a lot of pension scheme and thus their pensioners, not all of whom are Ultra wealthy
But at the moment just about everyone getting a pension is significantly better off than those who rely upon the state alone, so whilst there are such awful social challenges around housing (how come the cost of housing didn't get included in the challenges to the United Kingdom poll the other day ?), child poverty and breakdowns in public services resulting from under investment I think we can push our fund managers to drive performance upwards whilst taking the challenge of a bit of extra taxation and change in legislation in their stride, can't we ?
Excellent work by the government yesterday on 12:35 - Jan 30 by WeWereZombies
But at the moment just about everyone getting a pension is significantly better off than those who rely upon the state alone, so whilst there are such awful social challenges around housing (how come the cost of housing didn't get included in the challenges to the United Kingdom poll the other day ?), child poverty and breakdowns in public services resulting from under investment I think we can push our fund managers to drive performance upwards whilst taking the challenge of a bit of extra taxation and change in legislation in their stride, can't we ?
Zoomy dont get me wrong, there are lots of issues within the Uk and yes we could/should take this change in out stride.
It could be excellent for many people but I am a little wary it being heralded in the way is is being. After all the right the buy council was supposed to be 'a good thing' but look at the issues in social housing it's created, many of which are at the heart of the issues in the leasehold market place not
And I speak as someone who once had the pleasure of meeting Nicholas van Hoogstraten
Excellent work by the government yesterday on 12:49 - Jan 30 by Keno
Zoomy dont get me wrong, there are lots of issues within the Uk and yes we could/should take this change in out stride.
It could be excellent for many people but I am a little wary it being heralded in the way is is being. After all the right the buy council was supposed to be 'a good thing' but look at the issues in social housing it's created, many of which are at the heart of the issues in the leasehold market place not
And I speak as someone who once had the pleasure of meeting Nicholas van Hoogstraten
That last line is intriguing - was he a dick?
Has anyone ever looked at their own postings for last day or so? Oh my... so sorry. Was Ullaa
Excellent work by the government yesterday on 12:49 - Jan 30 by Keno
Zoomy dont get me wrong, there are lots of issues within the Uk and yes we could/should take this change in out stride.
It could be excellent for many people but I am a little wary it being heralded in the way is is being. After all the right the buy council was supposed to be 'a good thing' but look at the issues in social housing it's created, many of which are at the heart of the issues in the leasehold market place not
And I speak as someone who once had the pleasure of meeting Nicholas van Hoogstraten
Or "Nicholas van what's-his-face" as this song (inspired by him) describes him.
There's bats in the belfry The windows are jammed The toilet's ain't healthy He don't give a damn Just chuckles and smiles Laughs like a madman A born-again Rachman Here comes Sheriff Fatman
Incidentally, you can still just see the towers of his never completed mansion (bigger than Buckingham Palace} just off the A22 south of Uckfield.
Excellent work by the government yesterday on 12:12 - Jan 30 by noggin
"By the way i am pretty well educated!"
Grammar not your thing though?
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
-5
Excellent work by the government yesterday on 13:48 - Jan 30 with 546 views
Excellent work by the government yesterday on 13:30 - Jan 30 by Jimbo75
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
I doubt he understands what bracket of incoherence he falls into.
1
Excellent work by the government yesterday on 13:59 - Jan 30 with 532 views
Excellent work by the government yesterday on 13:30 - Jan 30 by Jimbo75
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
Your taxes are going to help take hundreds of thousands of kids out of poverty by scrapping the two child cap. Nice one.
Excellent work by the government yesterday on 11:16 - Jan 30 by Clapham_Junction
It will definitely be an issue. Scotland has the Tenement Management Scheme to try and prevent/resolve disputes.
And I suppose the difference is that Scotland has had this system of ownership in place presumably since time immemorial. In England and Wales, it will certainly be a steep learning curve.
And I came across this recent article, which indicates the possible issues.
The Society of Licensed Conveyancers (SLC) has expressed “serious concerns” about the Draft Commonhold and Leasehold Reform Bill’s ambition to make commonhold the default tenure for new flats and to accelerate the conversion of existing leasehold buildings.
It warns that there isn’t sufficient evidence that the system is ready to operate at scale.
Despite welcoming the wider leasehold reforms, including a cap on ground rents, the SCL cautions that commonhold remains largely untested in England and Wales.
Unlike leasehold, commonhold places the ongoing management, financial decision-making and governance of buildings directly in the hands of homeowners, many of whom will have little experience of the legal and administrative responsibilities involved.
The Society is particularly concerned that the Bill risks exposing consumers to new forms of dispute, delay and financial uncertainty. Commonhold arrangements rely heavily on collective decision-making, with greater scope for deadlock between owners, increased reliance on tribunals, and limited safety nets when relationships within a building break down.
There are also unresolved questions around mortgage lender confidence. While the Bill permits charges over commonhold units, it also allows for circumstances in which existing charges may be modified or extinguished through conversion or tribunal processes. Without clear and consistent lender acceptance, the SLC said there is a real risk that commonhold properties could become harder to sell or remortgage, undermining the very homeownership stability the reforms seek to promote.
From a conveyancing perspective, the Bill introduces a step-change in complexity. New title structures, Commonhold Community Statements replacing leases, automatic Land Registry changes and transitional arrangements affecting existing interests will all require careful navigation. During the transition period, this significantly increases the risk of error, delay and consumer confusion, the SLC said.
The SLC said it is also concerned about the conversion process from leasehold to commonhold.
A statement said: “While lowering the consent threshold may make conversion more achievable, it also raises the risk that some leaseholders and third parties could be affected by the extinguishment or alteration of rights, leading to disputes and compensation claims.
“The Society is therefore calling on the Government to ensure that reform is introduced at a pace that prioritises consumer protection and market stability. This includes meaningful engagement with conveyancers, clear and standardised documentation, robust transitional safeguards, and investment in education for both professionals and the public.
“The SLC stands ready to work constructively with policymakers to ensure that leasehold reform delivers fairer, more sustainable homeownership—without creating a new generation of property problems under a different legal framework.”
[Post edited 30 Jan 14:53]
0
Excellent work by the government yesterday on 14:56 - Jan 30 with 453 views
Excellent work by the government yesterday on 09:16 - Jan 30 by Jimbo75
Yeah i guess that helps the majority of the country who don't pay ground rent! How about the taxes the 'majority' of the country are paying to fund the migrant hotels, their private NHS care including dental, 5* hotels... don't think most people give a shi* about this if i am honest! The sooner this pirates are gone and the country gets the reform it needs the better it will be for all of us and our children's futures
[Post edited 30 Jan 9:19]
Comedy post of the day. Made me chuckle - well done.
1
Excellent work by the government yesterday on 15:02 - Jan 30 with 417 views
Excellent work by the government yesterday on 13:30 - Jan 30 by Jimbo75
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
I pay taxes and work hard. I'm happy that my taxes pay for universal public services and help to support people less fortunate than me. I'm less happy that those taxes subsidise employers who make millions in profit but don't pay their workers a living wage and so those workers rely on state top ups. I also don't like that many of the biggest and most profitable companies operating in the UK pay a much lower effective tax rate than me, or in some cases pay nothing at all.
Excellent work by the government yesterday on 13:30 - Jan 30 by Jimbo75
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
I'm just commenting on your claim that you are 'well educated'. I've never made such a claim about myself.
Excellent work by the government yesterday on 13:30 - Jan 30 by Jimbo75
Maybe not, but i guess you aren't that thick you didn't understand the context of it! There will always be a divide, mainly separated by people who pay tax to fund things that has contributed to a broken Britain, and people who don't, and subsequently sponge of a supporting labour government. I wont ask what bracket you fall into!
What have you got against spongers?
Asking for a friend.
0
Excellent work by the government yesterday on 19:20 - Jan 30 with 230 views
Excellent work by the government yesterday on 08:58 - Jan 30 by Devereuxxx
I completely agree that this government is doing a lot of good, but they have a communication issue. Stuff like this gets lost. And we do have a right-leaning media who don't seem particularly interested in reporting the little victories, as they don't sell. Crisis and controversy sells in this era.
For instance, the Renters Rights Bill is the first such legislation which has had a direct and positive impact on my life. Me and my partner are now on a rolling contract rather than being stuck in fixed term contracts which can be inflexible when we look to buy in a couple of years. Our landlord has recently turned round and said "sure, actually you can get a dog, just give me some additional reassurances", which is something we've wanted for years.
Any arguments that either of these bills hit landlords miss the point - they hit bad landlords. It'll raise the quality of landlords up to a basic standard. Those leaving the market probably shouldn't have been landlords in the first place if they don't want minor hassle, inconvenience, or costs. My landlord, who is very good, has said she's basically unaffected but it just enshrines practises she is either already carrying out or is happy to adopt.
It hits landlords with mortgages.
Those without mortgages aren't effected that much and it's a positive step
The only gripe is the 12 month protection for new tenants. I get the principle and rightfully it protects the tenants, but things happen in life. You may have no choice but to sell a property that houses a new tenant, but you'll legally not be able to for 12 months.
The other changes are in the main rather positive on both sides. But that one i do disagree with.
Ground rent caps were needed years ago, the next thing to get rid of which they are trying to at present is the marriage term on leaseholds.
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
