Landlords are buying more PRS homes than they sell

This article doesn’t smell right; In Fleetwood Lancs a great value area, 3 bed houses that would cost £130k if empty are being sold for £100k with tenants in situ. Why? Because life is becoming intolerable on every level for many landlords with heavy borrowings. The banks are taking all the money and doing very little for it.

Remember landlords people living on the street is a government problem not yours

Reply to the comment left by Reluctant Landlord at 16/08/2024 – 13:49Whilst I agree that the sample in this study is small, the fact that it was carried out by the Tenancy Deposit Service is a pretty good indication that it is based on genuine privately let properties and not holiday or commercial lets. Whether they were cash purchases or involved a BTL mortgage is totally irrelevant. Several sources, including letting agents, confirm that many landlords are divesting themselves of some or all their rentals and Monty Bodkin has posted a link to one such example.

Reply to the comment left by Old Mrs Landlord at 17/08/2024 – 22:49
The problem for me is that it is NOT the TDS…is a “CHARITABLE FOUNDATION” supported by the TDS.
Another quango if you like.

“Without this, tenants will struggle holding rogue and criminal landlords to account given the shortage of alternative housing to move to.”

What evidence of “rogue and criminal landlords” did they get from a “study of more than 2,000 landlords”, or is it just easier to buy in to the toxic opinion of activists who house nobody?

Perhaps they could add value by studying local authority actions against
“rogue and criminal landlords” to see how they deliver their existing responsibility for Decent Homes and the impact of Licensing. These are the existing mechanisms for “holding rogue and criminal landlords to account”.

I suspect that landlords with several properties may be selling any that are not EPC ‘C’ or not readily made so. Such additional costs in addition to those already in place as well as others threatened in future make disposals almost inevitable.

When I studied Statistics at University the sample size needed to be large enough….No Stop! I’m not going down that rabbit hole. Needless to say you can prove ANYTHING with statistics!
However, on the other hand, if this article is correct, then why are the rents going up and up and up, and why do I have so many applications to any rental property I might have? And why are there so few rental properties advertised these days, at the lower end of the market? And I never had people phoning me up before, asking if I have any property to rent! Check right move now and see how few flats are available in your area, to rent!
Maybe someone can write a program that can check all these adverts across the country and come up with some real data and statistics that actually reflect the market.
Finally, I’m sure I could pick 2000 LL’s out of 2000,000 or more and skew the results to prove anything I want.
“Lies, dam lies and statistics!” Who said that?
These days we have so many politically motivated bodies, trying to force an agenda.
My advice…. look at your situation, do the Math and research and come up with your solution to resolve any issues you have to face. If that means selling some or all of your portfolio, then do it. Lady luck favours the brave, and punishes the foolish, so good luck whatever you decide.

“More landlords are investing in the private rented sector than exiting it”.

If that’s the case there is no housing issue there is no crisis, the PRS is doing a fantastic job and stepping in and housing all those the government can’t.

Panic over people. Crisis averted.