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 2 days ago 15

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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


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Kurt Peterson

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8:58 AM, 21st January 2025, About 20 hours ago

In the process of withdrawing completely. I’ve been a damm good landlord. All new properties with rents frozen for many years. Had good tenants but some who have been appalling. The protection for bad tenants has gone to far. So staged selling up. Labour’s reforms will bite them back hard.

SCP

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14:37 PM, 21st January 2025, About 15 hours ago

Reply to the comment left by Ivor Tennant at 20/01/2025 - 13:14
Excellent idea.
You are no doubt aware that you have to learn Greek.
They will probably bend over backwards to pass your application with your knowledge of Greek being of a tourist handbook level.
You will have to live in Cyprus for at least a year.
Cyprus is not party to the Schengen Agreement.
So, a Cypriot passport is no better than the British one.
From the tax year 2025/2026, you will have to pay UK IHT on your worldwide assets.
I think the US will shortly impose somekind of capital export control, or levy an export tax, or make you pay CGT on your assets when you move abroad.
Lot depends on how far USA can substitute its USD 36 trillion debt with an equally worthless crypto.
UK will do the same but with vengeance given our present Chancellor.

Ivor Tennant

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14:51 PM, 21st January 2025, About 15 hours ago

Reply to the comment left by SCP at 21/01/2025 - 14:37
I'm storming Duolingo on a daily basis !!
Cyprus is Schengen from March but I qualify for an Irish(EU) passport anyway and the application is in. A Cyprus Trust takes care of the UK worldwide IHT from 25/26 anyway. You don't need to live in Cyprus for a year just buy a new build property for 300k and you qualify for citizenship. There's also the 60 day non-dom which is a popular route in the short/medium term.

SCP

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15:10 PM, 21st January 2025, About 14 hours ago

Reply to the comment left by Ivor Tennant at 21/01/2025 - 14:51
Apologies for my errors.
A close family member was interested and was contracting to buy a lovely top floor flat with a splash pool.
Initially, she was given misleading information.
Government officials put her right.
She withdrew.
Today, the EU is not that attractive to her.
The readership of this website are relatively highly educated, but still blame "mass migration" for UK's problems.
They do not confront the elephants in the room, which I dare not name - the coward that I am, given the law.
Labour needs a new Blair.

GlanACC

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21:04 PM, 21st January 2025, About 8 hours ago

Sold 12, 6 left which I will keep till tenants leave.

Stuck some money in Tesla shares at the right time and made £19k in 2 weeks (in my ISA, so no tax)

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