Worthing Rentals

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Rooms For Rent In Worthing Managed and owned by a DPS Registered Private Landlord since 2001.
www.worthingrentals.com

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"Why are rents so high!?"

I'll tell you.....

1. HMRC ( getting money from rentals by removal of tax relief on interest payments to mortgages, landlords actually pay tax on money they pay OUT to banks for their loans)
2. Councils ( getting money from landlord licensings or fines)
3. Court Judges ( getting money from court fees)
4. National Landlord Organisation ( getting money from members)
5. Deposit Scheme ( getting money for registration fees)
6. Letting agent ( getting money from letting fees)
7. Landlords Association ( getting money from membership fee )
8. Insurance companies (getting money for rent insurance and legal cover)
9. Traders : electricians/ gas engineer/ handy man( getting money from issuing Certificates, fixing things, doing check in/check out)
10. Utility companies and council (getting money off HMO rents by forever increasing costs of bill inclusive rentals)
11. Higher stamp duty for buying property to rent. (Government getting money off rentals)
12. CGT Taxes if you sell your rental property (Government getting money off rentals)
13. Higher borrowing rates if you buy a rental (banks getting extra money off landlords)
14. EPC upgrades (Government penalising only private landlords to upgrade their properties, not private owners or council rentals or housing association rentals)
15. Electrical safety certificates and gas safety certificates (another private landlord expense if you want to let a house)

Your Government are putting more and more rules against landlords already over legislated so more costs are coming.

And tenants rents are the only income for the property and all these costs, no wonder rents are high and landlords are selling.

The system is a mess. It's not "greedy landlords" most are struggling and selling because they aren't making any money. The media would have you believe otherwise because they lie.

Now you know why rents are high.