14:02 PM, 6th June 2022, About 2 years ago 4
Following on from the latest article, click here, and Propertymark’s survey of its members indicates the supply of property listed by agencies has halved since 2019
This is, as we have said on many occasions, the inevitable result of the onslaught against private landlords orchestrated by Shelter the homeless charity that doesn’t home the homeless but instead exists to denigrate landlords and pay themselves fat salaries.
Councils who are orchestrating a land-grab by taking massive sums off landlords or ineffective licensing schemes and making a revenue stream out of civil penalty fines against decent landlords rather than the rogue landlords the legislation was intended to apply to.
Government with Section 24 income tax making owning rental properties somewhere between unprofitable and loss-making for a significant majority of existing landlords and of course the threat of the withdrawal of Section 21 possession with no confidence that any form or replacement will be provided.
No wonder landlords are getting out while they can.
One of our favourite sayings is ‘be careful what you wish for’.
Well, Shelter, Councils and Government, you are now reaping the results of your policies.
Maybe we will finally see Shelter and Councils building housing to replace the private landlord properties they have forced out of the market?
Probably not, but we are fascinated to see where they all intend to put the thousands of tenants who will be unable to find a home to rent.
If you need help to ensure your properties are fully compliant or if you need defence against council action, rent repayment order or deposit claim use our contact form here https://landlordsdefence.co.uk/contact
Or phone Landlord Licensing & Defence now on 0208 088 0788