Friday, November 22, 2019
Home Letters Letters: Millionaire Landlords Stepping In Where Councils Have Failed

Letters: Millionaire Landlords Stepping In Where Councils Have Failed

In response to Welfare Weekly article: Millionaire Private Landlords Abusing Britain’s Welfare System, Says GMB

I have run many businesses. I now run a property portfolio and believe me, it is as tough as any business I have ever run.

In the past year I have bought 23 houses, all from private families.

I have quadrupled their household occupancy, by refurbishing them and renting them to sharers.

Some of these houses are exclusively LHA.

I earn the LHA rate of rent which is considerably below private market rent. I am not complaining, it is my choice to rent to LHA tenants.

My agent is more like a social worker. She is round at 8pm stopping someone self harm. She is dealing with empty rooms while people are in prison. She is resolving arguments. I pay her not the government.

I have invested considerable capital sums into the houses, not the council. The council do not have the ability to invest capital sums into housing.

In a year I have quadrupled the housing supply. Ask any builder to say he could beat this in his area.

Your article is written to appeal to your audience and does not represent any truths whatsoever.

Simple economics will tell you that utilising private sector money to provide social housing is by far the right way to go.

If you have any social conscience whatsoever, you will rewrite this article, thanking the millionaire landlords for stepping in where the council has failed.

Rupert Chapman

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