Daily Telegraph wants to speak to landlords about plans for their portfolios following the Renters’ Rights Bill

I’m not worried about the Renters Rights Bill. My properties are in great condition, well-maintained and fully compliant. My tenants have said that they would only move if I could still be the landlord.

However, I’m selling as soon as properties become vacant. Not because of the RRB but because of the continual attacks on landlords - EICR, S24,Selective Licensing, full council tax in void periods.etc..

I agree wholeheartedly with Cider Drinker.
Over the last couple of years we are now down from 57 to 14 properties and have started applying annual rent increases. Once a tenancy finished we intend to sell the remaining properties due to the proposed legislation which is stacked against Landlords, the consistent slagging off of Landlords and with the legal system stacked against the good Landlords it's just not worth it. I dread the "right to own a pet" clause if it is included, so after 35 years of being a responsible and good Landlord to my tenants, I've had enough. I realise I may be adding to the numbers of homeless people but the politicians of all parties brought this situation on by not carrying out their promised house building programmes. Tenant's votes vastly outnumber Landlord's votes but ultimately it's the tenant who pays for all the added costs to the Landlord. Will they ever learn, NO, they're politicians, enough said.

I'm selling.

I have one property left and am contemplating S21 whilst its still possible. I don't wish to take the risk being unable to obtain possession when I need to, or having to have an expensive and stressful fight. Add to that all the many measures mentioned above by others, the EPC etc.

I was once proud to provide lovely homes for 19 tenants, but it's just not worth the aggravation of being a LL any more, especially as the financial returns are now so poor.

Reply to the comment left by Cider Drinker at 10/09/2024 - 17:57
I'm the same. Not concerned at all about this bill except for one thing which is the selling aspect. If there's a minimum term of ast before I can sell then so be it but if it means I have to go to court in order to have possession (which won't be guaranteed) then I'm probably getting rid immediately. My house..my rules.

I would like to know what evidence the Daily Telegraph have on 'rolling tenancies'?
I have read as much as possible about Labour's bill and I no longer see this. I let to students and a rolling tenancy is a complete disaster. If this is the case I would no longer be able to let to students, so I may get professionals or even leave them empty. Can't sell because of CGT.

Reply to the comment left by Yvonne Francis at 11/09/2024 - 15:47
It's possible that due to Ben Beadles efforts to secure the best deal for his property portfolio, rolling tenancies won't apply to student lets, but as labour seem to be going for the jugular, they may well apply rolling tenancies to all rented properties, regardless.

Reply to the comment left by Freda Blogs at 11/09/2024 - 11:09
I agree with everything that has been said ...I'm 54 have quite a few properties and was hoping this would be my retirement fund but frankly I'm thinking just sell them ..put money in bank and live off interest no hassle ..no more my door has just fell off or someone just walked passed my house and put my window through.
Think there will be problems for tenants..not much to rent and rents going up all the time .
These people in our government are supposed to be educated people ..me just a builder...but yet I see the issues down the road ...why don't they??

I believe private landlords are now aware of the intention behind the Renters Reform Bill. As we already know, the country is amid a significant PRS sell-off. We also see that the government has not improved the court system for landlords or tenants. We also know that the Government will not build 1,500,000 homes over their 5-year tenure as promised; equating to 852 houses a day or 35 houses an hour. The rhetoric shown toward landlords by major parties, local authorities and the media has been abominable and has negatively influenced the opinion of Landlords and serious investors. Is the Renters Reform Bill unfair? Well, it will help tenants in many ways, but the lack of a properly funded court procedure will mean further financial costs to landlords. Perhaps the big question is not what the Landlords will do, as we know a sizable percentage are leaving and will invest elsewhere - no, the question is whether the government has a solution to homelessness and the ever-increasing shortage of affordable homes for the less well-off. The Renter Reform Bill will assist Tenants but leave less homes available…little else. Whether large corporate investors will take on the building-to-rent affordable housing is yet to be seen as the pricing of BTR rents is a band or two higher than those who desperately need affordable housing.

Reply to the comment left by Mike Thomas at 11/09/2024 - 22:49
Hi Mike
It seems Labour have included students houses within the Renters Rights Bill. The only concession is, the Landlord will be able to serve notice in line with the academic year. That helps a bit but it would still cause uncertainty for most of the tenancy, and at best have the house empty for nearly three months. The attachment below was published the 11th of this month, the day of the first reading in parliament. Let's hope as it continues through parliament MP's and the House of Lords see the light!
https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a