0:02 AM, 21st February 2025, About 10 months ago 3
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One in four landlords are considering selling part or all of their portfolio, according to a new poll.
A snap poll of more than 900 landlords and letting agents by Goodlord during a Renters’ Rights Bill webinar found that 26% of landlords are thinking about selling some or all of their portfolio.
This marks a rise from autumn last year when a similar Goodlord poll found that 17% were considering reducing their portfolio.
During the webinar, 67% of letting agents said they were seeing landlords gear up to leave the market, with just 33% of letting agents saying that none of their landlord clients were considering selling.
Reasons for selling included concerns over the Renters’ Rights Bill and growing uncertainty about the future of the private rented sector.
Oli Sherlock, Goodlord’s Director of Insurance, says the majority of landlords selling up are landlords with small portfolios.
He said: “It was clear from the huge attendance at the webinar (and the many questions asked) that both agents and landlords feel far from prepared for the introduction of the Renters’ Rights Bill. There are still so many areas of confusion and concern.
“This is one of the primary reasons that a large chunk of landlords are exploring exiting the market. Anecdotally, it seems that those looking to leave are ‘accidental’ landlords or those with smaller portfolios. This could see us end up with a sector characterised by fewer, bigger players.”
However, despite landlords with smaller portfolios, leaving the market, Mr Sherlock says many are planning to stay.
Mr Sherlock says: “Despite agents feeling that the majority of their landlords are taking steps to sell up, some landlords say they aren’t. This points to a very interesting reality for the sector; one characterised by unsettled sentiment, shifting priorities, and an ongoing feeling of uncertainty for all stakeholders.”
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Member Since December 2023 - Comments: 1513
9:23 AM, 21st February 2025, About 10 months ago
The snap poll at a webinar is not representative. The webinar would have been attended by landlords that were more likely to remain in the game.
Section 24, SDLT and over regulation will see the PRS all but disappear.
Whiteskifreak Surrey
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Member Since February 2016 - Comments: 968 - Articles: 1
10:13 AM, 21st February 2025, About 10 months ago
We are certainly planning to sell a flat in London and one student house. Still plan to stay with a studio and another student house and see how the market goes.
Ryan Stevens
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Member Since January 2024 - Comments: 276
10:53 AM, 21st February 2025, About 10 months ago
I’m a small landlord, I’ll be selling 4 BTL properties, due to:
– the constant attacks on landlords
– the ridiculous number of regulations
– the possibility of unwittingly committing a ‘criminal offence’, which could have to be disclosed, for completeness, on visas, employment applications, etc
– the unfairness of the taxation system, especially when compared with corporate landlords, and
– the increasingly one-sided nature of the relationship between landlord and tenant.
My tenants are all good tenants, pay on time, do not make unreasonable demands, etc. So they will be the ones wondering “why us”? I will just have to tell them to look at what successive governments have done to good landlords, tarring them with the same brush as bad landlords, and putting individual landlords at a competitive disadvantage to corporate landlords, especially large ones.