Can The Government Take Your Property?: In a recent video, I break down the news that local councils in the UK will soon be able to take your home from you!
The video explains how updates to an existing law could allow local councils to more easily seize empty properties. If you own a property, you need to watch this one carefully.
You can watch the video at the top of this blog post, or on my YouTube channel. On YouTube, drop me a comment letting me know your views on the governments plans! Do they make sense, or are they unfair to property owners?
Can the government take your property? In some cases, yes, and under the new rules it is set to become easier for them to do so! In this article, I explain Angela Rayner’s plans to allow councils to take control of certain homes.
Reading this article will give you an understanding of what exactly is happening, and how you can protect your own properties!
I am not a lawyer, and this is not legal advice. The information here has been simplified for a general audience, and in some parts, talks about future plans that haven’t happened yet. No one knows the future, and government plans can change. This is only a starting point for your own research. Seek legal advice before taking any action.
So, can the government take your property? If it is empty for too long, local government can take control of it. In this article, I explain how! I think people need to learn about this, that’s why I wrote this article. However, I need your help to make sure it reaches people!
Please consider sharing this blog post on your social media pages. Doing so could help protect property owners from having their houses taken from them. Sharing this article could make a real difference to people’s lives, so thank you to everybody who does.
Can The Government Take Your Property?: What Are EDMOs?
Empty Dwelling Management Orders (EDMOs) allow councils to take control of empty properties and put them back into use. Currently, the property needs to be empty for 2 years.
The local council then takes the property, repairs it, and rents it out. The rent is used to recoup the refurbishment costs. After up to 7 years, the property is returned to its original owner.
Can The Government Take Your Property?: What Is Changing?
The government will be reducing the amount of time a property needs to be empty from 2 years to just 6 months. They will also remove the requirement for the house to be a local nuisance before a council is allowed to seize it.
Central government will now fund the refurbishments upfront, rather than expecting local councils to initially foot the bill.
Can The Government Take Your Property?: Will It Work?
Very few homes have been brought back into use by this law, and, in my view, the reforms won’t change that.
Councils have become inefficient bureaucracies, and don’t have the money to implement these policies. As it stands, there are many empty council houses which could be refurbished, but are not being.
Those who intentionally have empty properties as an investment will find ways around the rules. Only poorer individual owners will be negatively impacted.
Can The Government Take Your Property?: You Can Profit From The Policy!
Can the government take your property? Only if you don’t understand the rules! If you do understand the rules, you can profit from this law!
Find empty properties, and buy them at a discount from owners worried about the new law! I can show you how. Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
- The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
- How to LEVERAGE other people’s money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
- How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
- How to RECYCLE your money again and again
Don’t just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
