Any landlords planning to get out and stop investing in the UK?
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
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
Rental demand dips in the final quarter of 2024
Member Since October 2024 - Comments: 15
8:58 AM, 21st January 2025, About 1 year 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.
Member Since September 2021 - Comments: 213
2:37 PM, 21st January 2025, About 1 year 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.
Member Since December 2022 - Comments: 10
2:51 PM, 21st January 2025, About 1 year 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.
Member Since September 2021 - Comments: 213
3:10 PM, 21st January 2025, About 1 year 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.
Member Since March 2023 - Comments: 1506
9:04 PM, 21st January 2025, About 1 year 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)
Member Since September 2024 - Comments: 95
8:51 AM, 23rd January 2025, About 1 year ago
Reply to the comment left by SCP at 21/01/2025 – 15:10
Do you mean the additional 10million people now living here? Or just the constant never-ending influx of illegals?
Member Since October 2022 - Comments: 85
11:20 AM, 25th January 2025, About 1 year ago
Reply to the comment left by Eemiia Cerk at 20/01/2025 – 20:13
Couldn’t agree more. Why do we get the most stupid people to govern us?
Member Since March 2023 - Comments: 1506
5:03 PM, 26th January 2025, About 1 year ago
Reply to the comment left by Jay Jordan at 26/01/2025 – 11:24
‘especially in cases where properties are left largely unmanaged, and tenants are expected to shoulder the burden of maintenance while rents increase drastically’
Err..where is your evidence, who provided the evidence, what is your sample size
As for the other options – you have council owned properties, housing associations (both of which are NOT covered by many of the requirements of private landlords) which provide by their OWN admission sub standard housing – admittedly not at the ‘market rent’ levels.
Then you have private build to rent companies who charge the earth in rents and are not interested in anyone who is on benefits or earns a low wage.
As for housing cooperatives and community led initiatives, great idea but where is the money coming from – certainly not the councils or general taxation.
Member Since June 2014 - Comments: 1562
5:09 PM, 26th January 2025, About 1 year ago
“As a tenant for over a decade”
How much below market rent have you been paying for that decade? Average (not “good”) tenants pay 10% less according to surveys.
“If regulations and tax changes are discouraging investment, perhaps this is an opportunity to rethink the housing model entirely. Could more professionalised, socially responsible approaches—such as housing cooperatives or community-led initiatives—better serve tenants and society at large?”
Perhaps, it’s highly debatable.
But killing off the private rental sector with nothing to replace it is cruel stupidity…for tenants.
Member Since February 2016 - Comments: 1056
8:32 PM, 26th January 2025, About 1 year ago
Reply to the comment left by Jay Jordan at 26/01/2025 – 11:24Tax incentives? I think you need to educate yourself on the tax treatment of landlords. Perhaps you could get together with some mates and set up a co-operative letting out properties adhering to professionalised, socially responsible principles then you may have a better appreciation of the reasons individual landlords are getting out while they can. If, as a tenant, you are doing your own maintenance you should not do it.