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1 reason why tenants are ASKING to be made homeless

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Manage episode 430081022 series 2478169
Content provided by The Property Nomads, Rob Smallbone, and Aaron Devoy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Property Nomads, Rob Smallbone, and Aaron Devoy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rob discusses a surprising trend where tenants are requesting to be served with Section 21 notices by their landlords in order to access council housing. The episode highlights the reasons behind this trend, such as the rising rents in the private rental sector compared to council housing.

Rob also delves into the implications of this trend on both tenants and landlords, emphasising the financial benefits for tenants seeking more affordable housing options.

KEY TAKEAWAYS

  • There is a surge in tenants asking to be made homeless in order to access council housing.
  • More tenants are requesting landlords to serve them with Section 21 notices to increase their chances of getting council housing.
  • Rents in council housing are typically lower than in the private rental sector, making it a more affordable option for struggling tenants.
  • Some tenants may be voluntarily asking for eviction to create a win-win situation for themselves and their landlords.
  • The housing sector in the UK is facing a shortage, leading to councils placing tenants in temporary or emergency housing before finding more permanent solutions.

BEST MOMENTS

"More and more tenants are asking their landlords to serve them with Section 21 notices... so that they can access council housing."

"Rents increased year on year 11.4% in 2022, and then 8.2% in 2023."

"We're seeing more and more tenants requesting landlords to serve as Section 21 because they've had advice from their council on the process to get council housing."

"Councils are also desperate... there needs to be big reform... in order to increase the supply of housing."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/homeandproperty/surge-in-tenants-asking-to-be-made-homeless/ar-BB1phU2q?ocid=winp2fptaskbar&cvid=0cfe4c417c0442d8ac3dd157e734a155&ei=8

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

  continue reading

509 episodes

Artwork
iconShare
 
Manage episode 430081022 series 2478169
Content provided by The Property Nomads, Rob Smallbone, and Aaron Devoy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Property Nomads, Rob Smallbone, and Aaron Devoy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Rob discusses a surprising trend where tenants are requesting to be served with Section 21 notices by their landlords in order to access council housing. The episode highlights the reasons behind this trend, such as the rising rents in the private rental sector compared to council housing.

Rob also delves into the implications of this trend on both tenants and landlords, emphasising the financial benefits for tenants seeking more affordable housing options.

KEY TAKEAWAYS

  • There is a surge in tenants asking to be made homeless in order to access council housing.
  • More tenants are requesting landlords to serve them with Section 21 notices to increase their chances of getting council housing.
  • Rents in council housing are typically lower than in the private rental sector, making it a more affordable option for struggling tenants.
  • Some tenants may be voluntarily asking for eviction to create a win-win situation for themselves and their landlords.
  • The housing sector in the UK is facing a shortage, leading to councils placing tenants in temporary or emergency housing before finding more permanent solutions.

BEST MOMENTS

"More and more tenants are asking their landlords to serve them with Section 21 notices... so that they can access council housing."

"Rents increased year on year 11.4% in 2022, and then 8.2% in 2023."

"We're seeing more and more tenants requesting landlords to serve as Section 21 because they've had advice from their council on the process to get council housing."

"Councils are also desperate... there needs to be big reform... in order to increase the supply of housing."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/homeandproperty/surge-in-tenants-asking-to-be-made-homeless/ar-BB1phU2q?ocid=winp2fptaskbar&cvid=0cfe4c417c0442d8ac3dd157e734a155&ei=8

GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOCIAL MEDIA/CONTACT US

https://linktr.ee/thepropertynomadspodcast

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast

  continue reading

509 episodes

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