Tory MPs declare war on landlords who convert rural rentals into Airbnbs

Tory MPs have declared war on landlords in holiday resorts who are kicking out tenants to convert ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Tory MPs declare war on landlords who convert rural rentals into Airbnbs | LandlordZONE.

Tory MPs declare war on landlords who convert rural rentals into Airbnbs

Tory MPs have declared war on landlords in holiday resorts who are kicking out tenants to convert their properties into Airbnbs.

Totnes MP Anthony Mangnall is set to declare a housing emergency by the autumn, reports , as locals have been left homeless by soaring property prices and the staycation boom.

“There are just 19 properties you can rent long-term in the whole of South Hams on Rightmove, yet there are 300 advertised on Airbnb in Salcombe, another 300 in Kingsbridge, a similar number in Totnes. Yet we have hospital staff who can’t find anywhere to live, RNLI crew that can’t live in the town they serve,” says Mangnall.

Holiday spots

Fellow Tories in the South West – Steve Double and Derek Thomas – and Duncan Baker in North Norfolk want housing secretary Robert Jenrick to introduce a range of measures to ease the housing crisis in key holiday spots.

Plans include regulation of Airbnb-style rentals, incentives for landlords to rent to local people, the building of more affordable homes, restrictions on the number of holiday and second homes and the ability to impose council tax surcharges on second homes.

They say the pandemic has accelerated a problem which has been brewing for years fuelled by low interest rates, cheap mortgages and a stamp duty tax cut.

Tim Farron (pictured), the Liberal Democrat MP for Westmorland and Lonsdale in the Lake District, has also urging a change in planning laws to stop family housing being turned into second homes and holiday lets.

In the first six months of 2021, 14,660 second homes were bought in Britain according to Countrywide, which is the highest number since 2009. Across the UK, the number of new rental properties being listed is down 14% compared with the 2017-19 average, according to analysis by the property portal Zoopla. In Cornwall, it has dropped by 44%.

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Tory MPs declare war on landlords who convert rural rentals into Airbnbs | LandlordZONE.

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Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’

The CEO of the UK’s largest listed residential landlord has taken aim at private landlords whom she ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’ | LandlordZONE.

Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’

The CEO of the UK’s largest listed residential landlord has taken aim at private landlords whom she accuses of leaving tenants in constant fear of eviction.

Helen Gordon, boss at Build to Rent expert Grainger, told Property Week that it had a stronger social conscience than many of its competitors.

“On the topic of Environmental, Social and Governance, our ‘S’ is much stronger than many other property companies. Anyone renting with a buy-to-let landlord is worried they’ll be served notice at any time. In a Grainger block, people are working all the time to make sure you stay with us.”

She adds that as the country has reopened, demand has swelled for its high-quality, professionally managed rental product. “We launched schemes in Southampton and Manchester at the end of March,” Gordon says.

“Our Southampton scheme has beaten all records – it’s now fully let. We had allowed a year to lease it up, and it happened in under four months. And in Manchester, 140 units have already been let.”

Technology

Gordon believes the emphasis Grainger places on technology and service is a key reason for continued demand for its properties.

“We have superfast broadband going into each apartment, not being split at the building,” she points out. “We doubled the speed for our customers during the pandemic.

“Grainger offered co-working spaces, gyms, extensive cleaning regimes and even parcel collection. We were doing shopping for people. That really differentiates us from the buy-to-let landlord who may have been absent.”

The firm, which has 9,000 operational units, with another 9,000 in the pipeline, boasts that it has been particularly resilient during the pandemic, with rent collection levels at about 97-99%, while others have struggled. Gordon suggests that local councils struggling to meet housing targets should also consider partnering with Build to Rent developers.

Read more .

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©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Built-to-Rent chief says landlords leave tenants ‘in fear of eviction’ | LandlordZONE.

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