0:01 AM, 22nd March 2024, About 2 years ago 4
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More than half of landlords are concerned about upcoming legislative changes, according to a survey.
A government survey reveals that 62% of landlords are worried about legislative changes in the private rented sector.
Landlords with smaller portfolios are particularly worried about navigating tax changes (52%) and unpredictable tenant behaviour (50%).
According to the survey, there has been a decrease in the proportion of landlords owning properties with low EPC ratings since 2018.
The percentage of landlords with properties rated E, F, and/or G has dropped from 21% to 15% in 2021.
More than one-third of landlords now have properties with an EPC rating of C or higher (35%) or a rating of D (38%). However, 18% of landlords admitted to not knowing the EPC rating of their properties.
According to the findings, the median age of individual landlords is 58 years old. The survey reveals, 5% of all landlords said they were full-time landlords, with the remaining 95% being part-time landlords.
Nearly half (48%) of landlords considered their properties as an investment for rental income.
More than half (54%) of landlords considered their properties a long-term investment to contribute to their pension while 27% saw their properties as an investment for capital growth.
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Paul Essex
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Member Since June 2019 - Comments: 686
12:49 PM, 22nd March 2024, About 2 years ago
The survey was post Covid in 2021, the legislative outlook has worsened considerably since then.
It would be interesting to re- run the survey post RRB.
TJP
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Member Since October 2022 - Comments: 85
21:53 PM, 22nd March 2024, About 2 years ago
My biggest worry is what the courts get up to… when they do, eventually, deign to host landlord actions. It’s a complete lottery and totally at the whim of judges as to whether any attempt at justice occurs. It’s also a complete lottery as to whether, having had a favourable outcome, a bailiff will be appointed. Currently waiting 5 months. Still no date. Total time waiting, 2 and a half years and counting. I’m selling everything asap.
Fed-up Landlord
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Member Since March 2024 - Comments: 24
22:20 PM, 23rd March 2024, About 2 years ago
This survey seems to be three years out of date, so really meaningless
Reluctant Landlord
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Member Since September 2018 - Comments: 3386 - Articles: 5
15:14 PM, 24th March 2024, About 2 years ago
different results because there are less landlords in the PRS than there were when this ‘survey’ was taken I presume.
The telling figure is the number who have purposely left the PRS BECAUSE of the toxicity of the whole rental market!