‘Rent cancellation a raid on people’s pension pots’
02/07/2020
Author : Mary-Anne Bowring/Property Wire
Rent Cancellation Hits Pensioners
Rent cancellation would hit pensioners who rely on the income for their retirement, warns Ringley Group managing director Mary-Anne Bowring. Over 4,000 Labour party members signed an open letter backing rent cancellation as a policy. Labour’s five-point plan to help renters includes extending the evictions ban by at least six months and giving tenants two years to pay back rent arrears Bowring said: “No one can doubt or deny that millions of renters are facing major financial difficulties or anxieties but cancelling rents is not the answer. “Some renters may need more financial assistance from the government but cancelling rents or getting the government to pay would be hugely damaging.
“Cancelling private rents would represent one of the biggest raids on people’s pension pots in British history. “Hundreds of thousands of retired landlords rely on income from rental properties would be left massively out of pocket while landlords planning to use the income to supplement their pension will also be hit.”
Ryan Bembridge: ‘Rent cancellation a raid on people’s pension pots’
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.