Tax burdens and Renters’ Rights Bill discourage investment in PRS

At last a report that speaks the truth of what really is happening out here but the labour lot won’t read it and claim it is fake news.

The RRB is the least of my concerns. Sure, it’ll cause me to increase rents but my rents are low enough that an increase shouldn’t be too much of an issue.

I am hopeful that the Bill may result in tenants behaving better as they won’t be able to hide the reason for their plight.

The reason that I wish to exit the sector are the changes already implemented.

Section 24 is the biggest discouragement to investment.

But also now a need to have a life raft since we are on the titanic.

Reply to the comment left by Downsize Government at 15/08/2025 – 10:39
‘on the Titanic’, there is a notion that Titanic did not hit an iceberg or sink because the ship’s identity had been swapped with that of the much damaged Olympic, a ‘conspiracy theory’ if you will. Whichever ship it really was however what is certain is that all three of the bankers who opposed the setting up of the privately owned Federal Reserve at the clandestine Jeykel Island meeting were on it and drowned, so perhaps you’re right but it’s not an accident, we are being deliberately rammed by the iceberg.

Reply to the comment left by moneymanager at 15/08/2025 – 10:55
Interesting, hadn’t heard about that.

Reply to the comment left by Crouchender at 15/08/2025 – 07:44
Labour and that also includes Tory don’t understand the letting business but keep screwing for money from landlords.
Double council tax in London properties is a last straw. There will be voids as tenants are already behaving as if the RRB is become legal. For over 40 years, I had students with guarantors but now they say want to be independent of their parents and guarantors and will pay monthly rent from loans and part time work. Otherwise they are happy to stay with friends in their rooms, so overcrowding the already rented properties like mine was from 2023 to 2024 with over 15 people living in an HMO house for 5 people.Now marketing for 4 people with closed rooms. People don’t want that. No guarantors and no proper references as they are 19 year old and they know too much about the loopholes in the system. I Overcrowding becomes a landlord problem and not the tenants fault according to the council. But we are not allowed to inspect without permissions from tenants. Landlords hands are tied, totally beyond their control but yet made to be legally responsible. The council has turned blind eye to overcrowding, noise etc from the tenants. The neighbours start hating the landlords. When the fixed rate finishes in about 2 years, think of selling it or sell our main residence and move in the rented property to extend and then sell.Looking at Spareroom, they have a budget of £300 to £500. The ones that says budget of £800 are interested in £400 or 500 rooms. Impossible to meet all legal work required and documents, pay mortgage interest. So government thinks that the tenants are winning by opposing market forces but staying in overcrowded properties. Student’s came and wanted the house and pay for 2 rooms. I told them to go after 2 bedrooms apartment. The rooms are cheaper because of shared kitchen and lounge between 4 people rather than 2.
We cannot keep it empty as stated due to higher council tax. The council says write to the MP. It is the law laid out by the central government. Their hands are tied.

Reply to the comment left by Tiger at 15/08/2025 – 13:24
No guarantor, no tenancy in my book!

I have now sold my student accommodation, but it was one of the safer property investments I had – as, on a joint and several tenancy, there were up to 10 people to claim from in the event of rent arrears As a result, there were none, over many years of letting.

Mind you I didn’t enjoy the summer period dealing with legitimate claims on deposit returns, due to the students’ very cocky and entitled attitude to everything, no doubt encouraged by the students union and the anti landlord narrative.

I’m very glad to be out of that sector.

All these reports are a waste of time if no one takes note of the findings.

I would have thought it was pretty obvious that more landlords are leaving the sector than are joining or expanding and therefore the result will be a an increased shortage of rental stock available at a time when more property for rent is needed.

However, government are to0 fixed on getting in the RRB and to hell with the consequences.

Reply to the comment left by Tiger at 15/08/2025 – 13:24
Landlords have the responsibility of managing the property without the control of the property. That’s the definition of stress.

Reply to the comment left by Downsize Government at 16/08/2025 – 09:00
It’s government policy that landlords are not capable of feeling stress, only tenants are permitted to be stressed.