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Helen Crane

๐Ÿ‘ค Speaker
630 total appearances

Appearances Over Time

Podcast Appearances

This is Money Podcast
Will the Renters' Rights Act work or backfire?

I can see landlords' point of view, you know, this is their property, they own it.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And I guess they feel like they now have less control over a property that they own, which is a valid point.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

But...

This is Money Podcast
Will the Renters' Rights Act work or backfire?

You know, if you are a landlord, you know, renting out property is your business.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

You do have to rent the home to someone and they do have to actually be allowed to live in it and live their life.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So I don't know, maybe I'm a bit biased.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

I've rented for many years before I bought my flat.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

I've lived in, I think, 10 rented flats in London.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

16 years.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So I've kind of been through the wringer with it a bit.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And you know, I have had really good landlords, a couple of landlords that have been totally reasonable, treated it really well, nice property, but I have had some absolute shockers of landlords.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So I'm sure they would say the same, they've had terrible tenants.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

But on the whole, I think it's a good thing, other than which is something you might come on to later, the fact that it might cause a lot of landlords to stop wanting to be landlords, which will have a knock on effects for tenants.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

Yeah, I think you're right.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

And a lot of landlords, and it is a lot of landlords that say they're going to sell up because of this.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So also the auction house did a survey last week and 42% of the landlords that they asked said they were unlikely or very unlikely to keep on letting their property as a result of the renter's rights act.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

As Simon said, they might have been thinking about that anyway because of all the

This is Money Podcast
Will the Renters' Rights Act work or backfire?

stuff that they've been subjected to over the last few years but 42% is is a big amount and you know yes when I was a first-time buyer a couple of years ago I did look then a lot of properties that were being sold by landlords can be quite attractive to a first-time buyer because it's obviously a bit of a blank slate you can kind of decorate it how you want they're normally a

This is Money Podcast
Will the Renters' Rights Act work or backfire?

you know, kind of quite basic, but you'd expect you maybe get a bit of a better price, and then you kind of do some stuff to it.

This is Money Podcast
Will the Renters' Rights Act work or backfire?

So yeah, it can be a good opportunity for first time buyers.