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