Landlords are leaving. Should we care?

Landlords are one of the most hated groups in the UK

So now they’re selling up and leaving, should we celebrate? Well, some people can – but for others, there’s a hidden problem...

Watch this video to find out what that is and how it affects you!

Links mentioned:

#Landlords #propertyinvestment #houseprices

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We’d love to hear what you think in the comments below. You might even have a topic you’d like us to cover in the future - if so, comment it below.

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[peterdale]

Sold my last flat today. Think we got out of the property market just in time. It worked OK for us for 23 years, however with all of the changes in taxation etc it is no longer a viable buisness. Holiday to the sun tomorrow ❤.

[DorathyJoy]

As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[edward.abraham]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[FormerCityFinancier]

I'm so glad some landlords are leaving! Why?

Because this hikes demand among the properties that are left. Rents have been skyrocketing in recent years due to this (in part).

To all those tenants who hate landlords. As a landlord myself... I truly mean this. THANK YOU!!! 😊

[youtubeman]

None of my tenants could get a mortgage if they tried, I don’t say that in a bad way, if it wasn’t for landlords where would most of these family’s live, I work my arse off every day if I’m not under a floor I’m unblocking toilets, or fitting showers, etc, it’s a hard job and people hate landlords for some reason, I do it as a job, and I enjoy it, so give the landlords the benefit sometimes,

[ZodiacDating]

BTL was great while it lasted. But it was bad for productivity and society in the early days - one BTLr could run 3 properties, each used as collateral to mortgage the next, on time periods that owner-occupiers couldn't compete with, and the BTLr wouldn't have to work other than to run the properties. Many politicians were guzzling at that trough while young people delayed forming families because property was too expensive. The solution, import workers to ensure GDP doesn't fall. Meanwhile, the aspirations of young natives are hollowed out, many bright ones leave (although not many good alternatives), rents increase, standard of living drops for the majority - well, that's my take on what's happened since early 2000.

[lovejetfuel]

The UK has a terrible property situation going on right now, from rising rents, to crashing house/flat values, to lack of affordable housing, To the leasehold scam, to issues with Freeholders vs Leaseholders. Why can't the UK take note from other countries, lose the hundreds of years of outdated feudal tradition, pull their finger out and get a grip

[stevenhodgson]

Can't understand it myself - rents are rising massively and while property values have taken a hit, in the longer term they always go up. Yes, the tax rules keep changing but that's why rents go up, to cover additional costs.

Perhaps it's landlords who rent to problem tenants who are leaving. I position my portfolio a little more upmarket and it makes like a lot easier.

[bradsmith]

I'm adding another property to my portfolio. Rental prices are vastly higher than even a couple of years ago. Scottish anti landlord legislation has had the opposite effect, renting has became even more costly.

[dappa]

I am a managing agent and over 50% of my landlords are selling up, rents are soaring due to shortage of properties, what a nightmare this Government has caused with the ridiculous section 24 tax changes and interest rates !!!

[KT-srko]

Sold last of mine in July thank the heavens. Had that one for 13 years. Cost over 2 years rent to get it straight to sell and then had to pay CGT on the gain (could not offset the renovation costs against the gain/CGT). Never again, having to babysit ungrateful idiots who consider landlords a charity while at the same time being an unpaid tax collector for the government.

[michaeledwards]

increase the tax burden on landlords means higher rent for tenants = a lose lose situation and the poor getting poorer, the only winner is HMRC, my answer, reduce the tax burden by reinstating tax relief, introduce a fair rent policy where the most you can claim is say 50% above the local housing allowance and stop the reduction in CGT

[pataleno]

I would sell tomorrow however... If I sell my properties I will be hit with a massive Capital gains tax. I refuse to pay this so will hold for now. Get the rent then pass to my kids when I die. If the government did a capital gains amnesty on properties sold to first time buyers I'd sell the lot tomorrow. not worth the hassle anymore for me.

[carlos]

Being a landlord it is not worth it, too many headaches and very little return and too many taxes....

[svko]

I actually want all the private landlords to sell their properties and leave the game. This will be a magnificent 'I told you so' case study, when government and huge corporations and banks take over this sector. Wait till you see record level of homelessness and run down properties (as we have witnessed so far especially with your local authority properties and third party company affordable accommodation sector). There will be revolt on the streets as people will simply not be able to even rent let alone buy.

[Stuark]

The fact the government isn’t helping builders to keep constructing more and more just shows how inept they are.

[edglue]

A tiny percent of landlords ruin it for good landlords.
As well as tax laws eviction laws.
The government let landlords have a go for a few years
Like everything else, it will be few firms owning the lot
My advice for property investors. Buy, renovate and sell. Preferably on residential

[Solihul]

I guess it's a cull of the weaker landlords? More money for other landlords who stay in market. Obviously some reasons for selling are still contextual.

[shimmime]

Good news for first-time buyers? It should be but it's not the case. There are lot of cash buyers snapping them up and you get people downsizing snapping up cheaper properties as they have more capital to do so.

[Ricgibs]

I'm so happy I made productive decisions about my finances that changed my life forever, hoping to retire next year... Investment should always be on any creative man's heart for success in life.