Any landlords planning to get out and stop investing in the UK?

Any landlords planning to get out and stop investing in the UK?

9:15 AM, 20th January 2025, About 5 hours ago 5

Text Size

The Renters Rights Bill (RRB) is being fast tracked through parliament, probably due to Labour holding the majority of the seats.

They have zero respect for any landlord and have no intention of revising the courts before they push it through. They deliberately want landlords to suffer and let bad tenants take over properties and not pay rent for as long as possible to get landlords to quit the market.

They are even increasing the term where they can stay and not pay rent. When Build to Rent buddies take over, I’m sure the government will adapt to suit them, unlike private landlords.

I currently have two bad tenants that I’m thinking it would be best to issue a Section 21 to before Labour’s plans come in.

The UK government has achieved their aims for me. I’ve had enough of investing money in the UK. They have taxed the UK population out of existence. No one in their right mind will invest more money in the UK.

Any more of my investments will be outside of the UK. I tried for a while to keep them in the UK, but the combination of Reeves’s budget with the RRB has made me move all of the future money I make to invest offshore. As I sell up my UK houses that will not economically make it to EPC C (they will still be EPC D properties, but owned by owner-occupiers), it won’t help the government achieve their dream goal of EPC C. It will just mean these properties go into the hands of people they cannot control.

My money will be reinvested overseas and not back in the UK. For me, it’s like flogging a dead horse. I’ve seen the light and will invest overseas.

I can’t imagine life coming back to live in the UK. Any landlords getting out now and planning on not investing in the UK?

Thanks,

Wayne


Share This Article


Comments

Cider Drinker

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

10:51 AM, 20th January 2025, About 3 hours ago

I’m planning to quit. I’m hoping to do so when tenants leave but I don’t want to seek possession.

One has indicated that they will leave in the next year or two. The others are unlikely to ever leave so I may ‘nephews stuck with them’.

Rents are currently well below market rates (I only charge what I need to charge) but the rents will rise by more than inflation to bring them nearer market rates because of the RRB. This may encourage some of them to move to cheaper properties.

Herr Volvo

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

11:07 AM, 20th January 2025, About 3 hours ago

Yes, I've had enough ,sold two, section 21 for another leaving me 4. As and when tenants leave i will slowly sell and invest in shares or something else.

Jason

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

11:50 AM, 20th January 2025, About 2 hours ago

From a tax perspective investing overseas or even moving there doesn’t mean you are no longer affected by the UK tax system so please ensure you take professional tax advice.

I don’t think the RRB is clear on how it would handle existing S21 so probably best to make the decision sooner rather than later in case they try and block retrospectively.

I personally think most that haven’t sold yet will likely sell as their tenants leave (no relet) or it becomes a lower return and unviable.

Ivor Tennant

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

13:14 PM, 20th January 2025, About 37 minutes ago

Cyprus for me.... set up a LTD co even as a non dom, pay 12.5% Corporation tax, no dividend tax when you withdraw your profits, no CGT, no SDLT, no IHT plus strong capital growth. Bonus is the law is based on English law, drive on the left, low cost of living, 300 days of sunshine, lower cost of living and 3 euro's a pint.

Jason

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

13:22 PM, 20th January 2025, About 30 minutes ago

Reply to the comment left by Ivor Tennant at 20/01/2025 - 13:14
Efes or Mythos? 🙂

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More