Shortage of rental properties so extreme tenants are refusing to leave?

As private landlords become increasing disenchanted and wish to exit, they can only do that by selling which, in a normal market where affordability is stretched, would see prices reduce. What we have seen in abundance in the US is a MASSIVE buying spree of individual family homes, tens of thousands, at massively OVER market prices which ensures it goes not to another family or individualbut to the likes of Blackrock which virtually owns the entire world. Why would the largest asset holder in the world knowingly pay way over the othwerwise market price if it didn't have non finanical. or at least covert financial, objectives?

Reply to the comment left by Rob Thomas at 20/04/2022 - 10:35
This is the exact reason I’m am about to list our small HMO in Cornwall. Council meddling and them politely saying just spend a few thousands in the next few months to make some adjustments again, only to make me make a perfectly happy tenant “in a small room” homeless next November when my licence expires and I have to pay them another ridiculous amount of money for them to give me another 5 year licence so they can come in a pick holes for another five years. If you want to continue to rent out the smaller room you just have to build addition bathing facilities and add a dinning room/lounge area. It’s too much red tape and legislation so on that IM OUT😂.
I’m one of four HMO landlords I know of in the area that have properties for sale and have sold in Camborne Redruth alone, that is over 100 individuals that will be made homeless very soon between us. I really don’t want to do this as like others have said on here we invested into property many years ago for our future but the constant landlord bashing and legislation is getting us down and with a full time job to keep down the pressures to much. I can only assume this what the government wanted. I’m sure the council will house them in Cornwall soon enough ehh.

Classic example of the lack of joined up thinking. The populist view is second-home owners are making it impossible for locals to buy homes, and rents are too high for locals. This is exaggerated in the popular holiday areas such as the West Country, as it has been since I had a holiday let back in 1999 (I wonder where they've all lived since then?). They need to be seen to be bashing landlords. But if you bash landlords too hard, they sell up, removing accommodation from the rental sector. Locals still can't/won't buy. Employment is removed because e.g. holiday homes won't need servicing. The leisure and hospitality sector desperately needs people to 'staycation', but pubs and restaurants are taxed into closure. There is no accommodation; made so much worse with so many hotels commandeered for illegal migrants, there is a lack of staff, air travel is (and always would have been) back on. Then there are all the eco measures which, for many landlords, are impossible to achieve, and if they can, too costly. And even if they agree to them, there are no tradesmen to do the work, because they're all working for the big developers, who are building yet more poor quality, high price houses, for those who can't afford them, because the government says we must build more. Where is the new social housing which is so desperately needed? The situation has become so complex in the layers of anti-landlord regulation, with everyone in authority wanting their slice, that I can't see a way back.

I am a 77 year old 1st time LL having for medical reasons - needing space- from a 1 bedroom to a 2 bedroom flat in a superbly kept purpose built block of 46 retirement home complex.
Due to 2 yrs of Covid 19 national housing moving/selling difficulties I naively chose to rent the 1 bed flat.
I immediately let through an agent on a 12 mth AST which began 6 mths ago.
The tenant has proven aggressive and uncommunicative and I become aware of this excellent property118 forum.

The 1 bed flat is intended to have been a reserve asset to pay future CARE HOME FEES when needed.

Removal of S21 which seems about to occur will become a bloc on my intended ability to pay the huge fees urgently by then selling the 2 bed flat and my wife moving back into the smaller flat.

I have been appalled upon reading the many disgruntled accounts in this forum which appear to be entirely valid.

If I can't evict my unfriendly tenant after the 12 mth AST my plans will be shattered.

Reply to the comment left by CYRIL STALEY at 23/04/2022 - 11:15
Our agent says that Section 8 will be amended so that if you need to sell or move back into your own property then that will be allowed. Getting out your tenant may not be a quick process though even if they do amend the legislation.
A word to the wise, keep everything that the agent gives you. The agent should have given you a copy of the tenants references for example. Fixed term is usually for six months btw. We just took our agent to the ombudsman and got a payment of £500 and an apology, so keep everything is my advice.

Reply to the comment left by Jane Tomlin at 23/04/2022 - 12:46
Your agent is wrong. There has been no decision on ending S21, and it follows there has been no decision on amending S8 to allow for that. Do not rely on this.

Our agent says that Section 8 will be amended so that if you need to sell or move back into your own property then that will be allowed. Getting out your tenant may not be a quick process though even if they do amend the legislation.
A word to the wise, keep everything that the agent gives you. The agent should have given you a copy of the tenants references for example. Fixed term is usually for six months btw. We just took an agent that managed a property that we have now sold, to the ombudsman and got a payment of £500 and an apology, so keep everything is my advice.

Reply to the comment left by NewYorkie at 23/04/2022 - 12:50
Consultation on abolishing section 21 (2019) On 15 April 2019, the then-Government announced: “ Private landlords will no longer be able to evict tenants from their homes at short notice and without good reason .” This was followed by a consultation process which ran between July and October 2019.
From the Commons Library - you really think the government is going to abandon this?

Reply to the comment left by Jane Tomlin at 23/04/2022 - 12:56
No, I'm sure they will press ahead with it. But it's only a consultation at this stage, and considering how long it's taken to enact the Leasehold reform legislation following extensive consultation, and even then, only in part, it may be some time, and with no reassurance around any suitable S21 'replacement'.

I am in a similar situation, wanting to sell but not wanting to evict. I may be forced to issue a S21 as a covering action, in case it's repealed, and I can't find a buyer willing to take her on.

Reply to the comment left by NewYorkie at 23/04/2022 - 13:17Matthew Goodwin (Prof of Politics Kent Uni) was invited to Downing Street to give the Tories some idea of who votes for them and how to retain the red wall etc. One of the Cabinet said to him that the Government is going to concentrate on the younger demographic (under 40) who do not vote Tory and I firmly believe that this measure is a sop to those voters though they will never vote Tory. We have only one property left, rented to family who can be more of a pain than the average punter and will do as you said and put a Section 21 in place as a covering action. Were Labour to get in though at the next election, we will all need to exit the market asap.