The housing crisis in this country and its supposed solutions

[Squid]

Re the OP. One such issue is landbanking, particularly by supermarket companies. Another problem is, cleaning up brownfield sites is expensive and building 5 bed properties in a green field is much more profitable.  Proth was going on about this and dismissed brownfield sites. I can name half a dozen sites I drive by regularly but developers don't see the profit in social/smaller houses and flats.
Kingstanding shopping centre for one. Recently demolished for another Aldi or Lidl, despite there being numerous similar within 2 miles. You'd get a good few much needed homes on there if the city council ruled it to be for housing alone. The Mecca bingo Hall opposite could be another while the huge Buffet Island a mile down the road could be developed, its been empty years and only McDonald have shown an interest. Those sites were just on this mornings route. The council needs to make it difficult to build other than what is surely a priority.

Agreed. We absolutely do have the space for loads of brownfield redevelopment. Look at all the derelict buildings around Fiveways and Hagely Road. The last thing that should be happening to those is either being left empty or used to build student accommodation that we don't need.

[CarlosCorbewrong]

Demand for student accommodation in Brum significantly outstrips supply. Well at Brum Uni anyway…

[Pipkins]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

[Jacko]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

Will need air traffic control for all those glidepaths.

[Old Fart]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

Not true.  I can't speak for Serco HMO's run on behalf of the government,  but all tenants in private landlord's HMOs, run professionally,  get an Assured Shorthand Tenancy agreement with more or less the same rights and obligations of a single dwelling tenancy.  

Mortgage companies and insurers insist on this.

There are however numerous unlicensed HMO's where this does not occur.  They are usually shyte holes with short term tenants usually with some sort of problem.

[Squid]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

Not true.  I can't speak for Serco HMO's run on behalf of the government,  but all tenants in private landlord's HMOs, run professionally,  get an Assured Shorthand Tenancy agreement with more or less the same rights and obligations of a single dwelling tenancy.  

Mortgage companies and insurers insist on this.

There are however numerous unlicensed HMO's where this does not occur.  They are usually shyte holes with short term tenants usually with some sort of problem.

Also, running a HMO, while profitable, is a whole other level of work and overheads compared to just letting out a property as a single dwelling. If people are finding the thought of no fault evictions too much hassle, they certainly won't be looking to get into the HMO tenant market.

[Baggiejacko]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

Not true.  I can't speak for Serco HMO's run on behalf of the government,  but all tenants in private landlord's HMOs, run professionally,  get an Assured Shorthand Tenancy agreement with more or less the same rights and obligations of a single dwelling tenancy.  

Mortgage companies and insurers insist on this.

There are however numerous unlicensed HMO's where this does not occur.  They are usually shyte holes with short term tenants usually with some sort of problem.

Also, running a HMO, while profitable, is a whole other level of work and overheads compared to just letting out a property as a single dwelling. If people are finding the thought of no fault evictions too much hassle, they certainly won't be looking to get into the HMO tenant market.

When you hand over your property to Serco to use you also hand over the running of it. They cover the bills and repairs etc while you sit back and spend the very generous lump sum rent payment till the agreement expires.

[CarlosCorbewrong]

It'll be interesting the see what Rachel Thieves does to the BTL HMO mortgage rates at the next budget, don't you think?

[Old Fart]

It'll be interesting the see what Rachel Thieves does to the BTL HMO mortgage rates at the next budget, don't you think?

Most landlords are on 3 or 5 year fixed rate deals which revert to a percentage over base rate at the end of the deal, typically 3.5% over base, by which most landlords have done a product swap to get on a new 2 or 5 year deal.  The product fees for a new deal are horrendous 3 to 7 percent of the amount borrowed which most add to the loan.  On a loan of £150,000 a 7% fee is £10,500 so the landlord pays interest on a new loan of £160500. By the time the landlord sells he or she will have probably made more than that in capital growth in the same borrowing period. That's almost a certainty in the south east and London, but a lot less likely in the north west and especially the north east where capital growth can be non-existent but rent returns are good.

Current HMO mortgage deals are

2 yr fixes
2.34% with 7% fee
2.84% with 6% fee
3.02% with 5% fee
3.81% with 4% fee
4.09% with 3.5% fee
4.29% with 3% fee
4.94% with 2% fee
5.79% with no fee

5 yr fixes - these are the preferred route at the moment for most landlords,
4.64% with 7% fee (Kent Reliance)
4.64% with 5% fee
4.99% with 3% fee
5.36% with 2% fee
5.54% with no fee

The main issue with Rachel is if she makes landlords pay NI on rental income.

[Pipkins]

With the new law banning no fault evictions many private landlords are selling up

Many others in larger properties are converting them to HMO

HMO occupants have zero rights compared to assured shorthold tenants

Therefold due to the supply demand chain rents will increase significantly

Not true.  I can't speak for Serco HMO's run on behalf of the government,  but all tenants in private landlord's HMOs, run professionally,  get an Assured Shorthand Tenancy agreement with more or less the same rights and obligations of a single dwelling tenancy.  

Mortgage companies and insurers insist on this.

There are however numerous unlicensed HMO's where this does not occur.  They are usually shyte holes with short term tenants usually with some sort of problem.

Thats the first Ive heard of it
In the eyes of housing law they are not tenants
Whilst landlord may tell them that and is wise to give them an agreement 
They have no more rights than a lodger in your house 
They do not have exculsive rights to the property 

Yes some landlords of HMO do it properly to attract decent tenants 
A lot dont 
They state the property has one tenant occupying whereas probably 6 plus
If less than 3 people living in accommodation they dont have to register with local authority