2 years ago | 12 comments
A tenant organisation claims landlords selling up is a good thing, despite the fact that it is fuelling the housing crisis and leaving tenants with nowhere to live.
A piece on the left-wing news website Left Foot Forward by Tom Darling, director of the Renters’ Reform Coalition, claims a landlord exodus would create a “more professional renting system”.
However, despite his claims, he does not provide any statistics on how many tenants would be affected by landlords selling their properties.
Mr Darling claims: “The idea that less supply of rented homes is bad has an intuitive power. It fits neatly with most people’s understanding of supply and demand.
“But the important thing to understand is that the rental market isn’t like other markets – it is part of a housing system that includes other tenures like owner occupiers and social housing.
“There are more than twice as many households renting in England as in 2000, yet despite the expansion in ‘supply’ of rented homes, rental affordability is the worst it’s ever been, with nearly two thirds of working renters struggling to afford their rent, and record homelessness, driven as well by section 21 evictions.
“Meanwhile, all the ‘investment’ we have seen from buy-to-let landlords has not significantly improved the quality of rented homes either.
“Renters face far worse quality homes than owners or social renters, with about one in 10 living in homes with a category 1 hazard, which pose the most serious risks to human health.”
Mr Darling fails to mention the English Housing Survey, which reveals the majority of renters (77%) ended their last tenancy because they wanted to move NOT because of eviction.
The English Housing survey also reveals that private tenants are happier with their homes than social tenants, with 82% of private renters saying they’re satisfied, compared to 74% of social renters.
Mr Darling continues: “Would it be so bad if the private rented sector wasn’t so big? Consider, for a moment, that landlords did follow through on their threats to sell up.
“These homes are bricks and mortar. They don’t vanish when sold. Some houses would be bought by landlords (possibly larger and more professional landlords willing to comply with government regulations); others would be bought by first-time buyers, particularly if enough landlords sold to push house prices down – resulting in large numbers of people swapping renting for home ownership.
“More homes could – and should – be bought by councils and housing associations to provide desperately needed social housing, bringing down council waiting lists and costs and providing people with a secure home.”
Mr Darling does not mention that corporate landlords tend to charge much higher rents than buy-to-let landlords.
Many students tend to stay in privately rented accommodation as it is much cheaper than purpose-built student accommodation (PBSA).
According to Save the Student’s National Accommodation Survey 2025, the average monthly rent is £532 compared to £615 for student halls.
Mr Darling continues to claim: “In short, a reduction in the number of landlords could be an opportunity for many of the people currently trapped in private renting to escape – and to help create a better regulated, more professional renting system.
“And by the way, that’s not to say this will actually happen. Despite the endless supposition that a landlords exodus is underway, and has been underway for some time, the size of the private rented sector has remained relatively consistent in recent years – statistics suggest it has even grown slightly.”
Mr Darling failed to provide any statistics to back up his claims. Numerous articles on Property118 have proved this is not the case with government figures revealing that a third of landlords (31%) intend to sell their rental properties within the next two years, up from 22% previously.
However, only 7% plan to provide new rental homes, down from 11% in 2021.
In Scotland, more than 22,000 homes have been lost from the private rented sector due to government rhetoric and rent controls.
Mr Darling’s full article can be read here.
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Member Since May 2018 - Comments: 45
9:10 PM, 19th February 2025, About 1 year ago
Reply to the comment left by Keith Wellburn at 19/02/2025 – 09:38
It’s worse than that. If you have 5 rental properties and 25 people vying for them, that’s 5 people per property. Sell one house to one of those and you are left with 4 properties and 24 people. That’s now 6 people vying for each property.
Member Since September 2018 - Comments: 3508 - Articles: 5
9:27 AM, 20th February 2025, About 1 year ago
I have no energy to reply to such bleedin’ obvious stupidity. Explain to the tenant as the LL ain’t listening anymore.
Member Since February 2015 - Comments: 8
11:20 AM, 20th February 2025, About 1 year ago
Not a clue!
Member Since December 2022 - Comments: 17
5:18 PM, 20th February 2025, About 1 year ago
This is very sad because it confirms the adage that clearly it’s not what you know it’s what other people think you know that’s important.
What he has written leaves me wondering what actual experience of the PRS this guy has.
Ultimately his report is very worrying as it will offer false comfort to the politicians and who will continue to feel their misdirected policies are justified.
Member Since February 2016 - Comments: 977 - Articles: 1
9:49 AM, 22nd February 2025, About 1 year ago
Reply to the comment left by graham mcauley at 19/02/2025 – 11:03
By beong ideologically vocal.
Member Since September 2013 - Comments: 11
11:02 PM, 22nd February 2025, About 1 year ago
Reply to the comment left by Fred M BARRETT at 19/02/2025 – 12:06
I was a landlord in the UK until a week ago when I sold up, I still have a couple places in Oz where the process is easier. The UK is making it too onerous.
I use to deliver Junk mail in my area of Norwich, (partly driven by exercise and partly as my NI contrib was cheaper as a self-employed!) often around lower socio-econ flats and housing.
Council notices on the doors of empty flats would often be there for months stating they were aware it was uninhabited, doors kicked in, meters removed other noticeable non-PRS issues. Amazed me as a landlord of only a half dozen places over 30 years they never seemed to be a hurry to get them back on the market as a private landlord would as every missing month is a finacial loss.
Crazy!
Member Since May 2018 - Comments: 1999
4:48 PM, 23rd February 2025, About 1 year ago
Reply to the comment left by NewYorkie at 19/02/2025 – 17:24
I don’t know whether this is true or not. I’ve housed people who you’d probably describe as “economic migrants”. Those of them that have come from outside the European region have at times been challenging to manage as tenants. But at the moment I wouldn’t house social housing tenants and neither my insurance nor my mortgage company would permit me to house ‘asylum seekers’.
Angela Rayner has just been criticised for a dramatic rise in the cost of wages in her department:
https://www.express.co.uk/news/politics/2018131/angela-rayner-housing-department-civil-servants
The report says:
‘Since Ms Rayner took over last July, the Ministry of Housing, Communities and Local Government and its associated quangos have spent £20 million more on staff. The extra cost has been driven by outside consultants, who are hiring more officials and paying civil servants overtime…..Meanwhile, the civil service headcount has increased, and the department is currently hiring new staff….A Housing Ministry spokesman said: “We’re taking through ambitious new housing and planning legislation in Parliament to improve people’s living standards.
“Slight staff increases in the last year to help deliver these important changes have contributed to a small rise in the wage bill, along with increased pay in line with public sector pay settlements.”‘
What Angela Rayner’s department is doing with new housing legislation won’t improve people’s living standards.
Member Since October 2024 - Comments: 49
4:56 PM, 23rd February 2025, About 1 year ago
The answer is to convenient cardboard boxes in shop doorways and multi story car parks as there are not enough houses ,hostels or hotel rooms .
The government does not care .
Member Since May 2018 - Comments: 1999
5:50 PM, 23rd February 2025, About 1 year ago
I think there’s a clue to what the problem is in:
“Slight staff increases in the last year to help deliver these important changes have contributed to a small rise in the wage bill, along with increased pay in line with public sector pay settlements.”‘
This government is ideologically committed to investing in the public sector at the expense of the private sector.
Member Since December 2023 - Comments: 26
9:56 AM, 24th February 2025, About 1 year ago
Probably see who is funding him. Government capture. If, he is parroting George Osborne . The idea that corporate portfolio’s will make housing better condition or even more affordable is laughable. And the willful ignorance of supply and demand. Is again another attempt at convincing the masses to believe in something that is not factual. It is like the story that privatizing education through academies is the solution to a falling education system. Whilst you offer 100% scholarship to foreign students.