Government wants their big business pals to push private landlords out says Letting Focus
Both government and the opposition have separately announced plans for major reviews of housing provision and investment policy.
Housing minister Yvette Cooper announced that the Government will conduct a comprehensive strategic review of the private rented sector during 2008, which will be undertaken in conjunction with the Department for Communities and Local Government.
The full terms of reference for the review are to be announced in the New Year, but it looks like it will be similar to the Hills Review of social housing published earlier in the year.
The review will be led by Julie Rugg, an academic at York University, who will examine issues such as how renting can be made to help those who currently cannot afford to buy.
Rather scarily, the British Property Federation (BPF) said it would welcome the government removing some of the barriers that prohibit growth of commercial investment in the professional rented sector, while increasing the flexibility of affordable housing policy and standardising regulation.
The BPF has said that the stability of the market could be made much more certain if we “adopted the blueprint for a professional rented sector along the lines of those currently operating in Germany or the USA”
Big Business After Your Tenants
So what?
The word on the street is that the government would like to dole out tax breaks to the commercial property firms - think REITS - to get them investing in the private rented sector.
Well, private landlords ought to be worried about this because it means the government is keen to get the commercial sector involved in the buy to let market.
Basically, my view is that the state does not like private landlords and would like to see their pals in big business move into the sector to give it “more stability” and I would guess, to develop a long term lettings market.
Private landlords ought to be concerned at the risk of being squeezed out by the big boys। It’s already happening in many parts of the student market where the likes of Unite have a foothold. This could be a major threat.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the landlord experts and I’m David Lawrenson, the author of “Successful Property Letting” which is the UK’s top selling property book.
What’s unique about LettingFocus is that I offer independent unbiased
property networking seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at low prices, how to make sure you get tenants who are going to pay the rent and how to manage the invetsment property to make money.
I have been a landlord and property investor for over 25 years.
LINKS to LANDLORDS PRODUCTS AND SERVICES
Find out about GREAT DEALS we have arranged for landlords by clicking here: Property Investors Resources and seeing our Affiliates page.
More products will be added over the coming months. If you sell landlords services and have a national coverage, please get in touch!
For SEMINARS click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS on Products and Services for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.
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To view posts on related topics click on Categories.
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To add a comment to this post, you just click on “link to this post” then simply add your comment.
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Housing minister Yvette Cooper announced that the Government will conduct a comprehensive strategic review of the private rented sector during 2008, which will be undertaken in conjunction with the Department for Communities and Local Government.
The full terms of reference for the review are to be announced in the New Year, but it looks like it will be similar to the Hills Review of social housing published earlier in the year.
The review will be led by Julie Rugg, an academic at York University, who will examine issues such as how renting can be made to help those who currently cannot afford to buy.
Rather scarily, the British Property Federation (BPF) said it would welcome the government removing some of the barriers that prohibit growth of commercial investment in the professional rented sector, while increasing the flexibility of affordable housing policy and standardising regulation.
The BPF has said that the stability of the market could be made much more certain if we “adopted the blueprint for a professional rented sector along the lines of those currently operating in Germany or the USA”
Big Business After Your Tenants
So what?
The word on the street is that the government would like to dole out tax breaks to the commercial property firms - think REITS - to get them investing in the private rented sector.
Well, private landlords ought to be worried about this because it means the government is keen to get the commercial sector involved in the buy to let market.
Basically, my view is that the state does not like private landlords and would like to see their pals in big business move into the sector to give it “more stability” and I would guess, to develop a long term lettings market.
Private landlords ought to be concerned at the risk of being squeezed out by the big boys। It’s already happening in many parts of the student market where the likes of Unite have a foothold. This could be a major threat.
ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the landlord experts and I’m David Lawrenson, the author of “Successful Property Letting” which is the UK’s top selling property book.
What’s unique about LettingFocus is that I offer independent unbiased
property networking seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at low prices, how to make sure you get tenants who are going to pay the rent and how to manage the invetsment property to make money.
I have been a landlord and property investor for over 25 years.
LINKS to LANDLORDS PRODUCTS AND SERVICES
Find out about GREAT DEALS we have arranged for landlords by clicking here: Property Investors Resources and seeing our Affiliates page.
More products will be added over the coming months. If you sell landlords services and have a national coverage, please get in touch!
For SEMINARS click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS on Products and Services for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to david@LettingFocus.com - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.
WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will see a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics click on Categories.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment.
To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)
Labels: BPF, British Property Federation, build to let, Julia Rugg, Julie Rugg, REIT, REITS
This entry was posted by lettingfocus, on
Friday, December 21, 2007.
