Landlords: Is this the end? 

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Who else misses the post Pandemic Mortgage rates, those were good times ! The market correction has been massive and with the impending recession it seems like things are only going to get worse.

so basically they want to get rid of small and medium renters and favour large size renting firms that can handle such hassle.

I think this will push smaller landlords out, the vacuum will be filled by institutionalised landlords already benefitting from recent tax changed. Once small landlords are gone big business will do what big business always does. Carve it up amongst a select few, lobby for preferential treatment and defacto changes to law plus access to tax payer funds. They will have total control and will move to push whatever agenda they see fit. Don't expect great service, quality housing, and a charitable landlord. Big business only has a duty of care to its shareholders so if anything given time, tennant protections will only go down.

I'm a tenant and I completely don't understand why a landlord would have to give me a reason to evict me after my contract finishes. It's his property at the end of the day. Some landlords will sell their houses instead of renting them out and rent in general will go up. Isn't that bad for both parties?

I had a tenant who had abandoned the property, in practice, but would not give up the tenancy. While he made occasional use of the property, and had left a small amount of furniture to legitimise his "claim", he had actually moved just a few hundred metres down the road. Of course he stopped paying the rent as well. On my solicitor's advice I went through the courts to regain legal control of the property. I was advised this would take three to four months. I was horrified that I would have to go through an entire winter with an unsecured and unheated property. I was also advised that I must not enter the property during this process, even though the gas safety certificate was due. In fact I didn't get control of the property for eight months. And, with all the repairs, I didn't get a new tenant in until two months after that. The major hold up was the legal process, which included having to wait weeks before the bailiffs could come and formalise the faux "eviction". At one point the court officials started to demand a hearing with all parties present, even though the so-called tenant was now on the run from the police and was certainly not going to attend a court hearing. My solicitor said this was a standard delay tactic on the part of the courts. So, trust the legal system to manage either no-fault or at-fault eviction cases properly? In your dreams

I am an ex landlord. I would not consider getting back into it now. I have recently sold two properties with the last waiting on a contract exchange date. On all three properties, the estate agent tried really hard to persuade me to rent out as opposed to selling as they have a waiting list for rentals. I declined. Who needs that grief.

Thankfully we managed to sell both our rentals last year.... A string of bad tenants cost us thousands, the last straw was a puddle of dobermann piss under the brand new laminate flooring that covered the entire kitchen floor (not exaggerating) and every downstairs door, door casing and carpets ruined...Now this !! It's just not worth it.

If a landlord is in financial trouble, and needs to sell the property, then a no fault eviction is the only route! .

As a homelessness assessment officer in the council I can tell you that there are good and bad landlords, there are landlords who will evict someone because they want a little extra money

It's the open-ended tenancies I can't get behind. A contract is a contract. Make the notice period six months, if needs be, but not being able to take back your own property at the end of a fixed term contract is tantamount to theft.

Owners won't rent.. Landlords will sell up! ridiculous

Had a chance to become a landlord, but so many regulations ,i decided no. That was a few years ago. It's even worse now.

A tenancy agreement is a contract between two adults, why should the government get involved?

Perhaps councils shouldn't rely on private landlords to provide housing to save them building affordable homes and not having responsibility for them .

Time for landlords to sell up. I’m sure tenants will be thrilled with ever increasing rents due to a lack of properties on the market….

The biggest impact the Bill will have is creating a database for Landlords. There are a lot of landlords that avoid paying tax on rental income by simply not reporting it. The new Law will force them to register under the database and bring them into the tax net as HMRC can then check the database for tax compliance by Landlords. If you are a Landlord like me who reports and pays tax on your rental income you have nothing to worry about but there are thousands of landlords who evade paying tax on their rental income.

14 months will bankrupt landlords

This is the first step in the state controlling privately owned buildings. The next step will be; if you want to sell the property, you have to offer it to the tenant first. The next step after will be; if you want to sell, you have to offer it to the tenant first and at a discount and then the final step step will be if the tenant has been in it for 5 years or more the tenant has a right to buy at a discount. As for the pet thing, I've worked in council houses. Pets absolutely destroy a house. If a Landlord doesn't have 100% control over their property, then they have no control. We're on a slippery slope here.

My tenant are on benefits for nearly 14 years. They have children over the age of 20 and are working. In fact the son is doing business from this property selling cars. When my husband passed away they offered to buy my house.

If people don't pay the rent the tenant should have to pay up or get out, there's nothing wrong with that but if a tenant is evicted the council should help to house them, just like they do for migrants.

Hi all these things came in in Wales I over a year a go and it also went further and gave succession rights to the tenants children all these new rules which have come in in Wales has meant that one in three landlords have left the sector meaning that the rental crisis in Wales is as bad as it's ever been and rent costs have gone through the roof . In Southern Ireland they put a rental cap on rent this is meant that's so many landlords have left the sector the rental market is in crisis.You only imagine what's going to happen in England with a population of 50 million people. Politics in this country is just crazy thanks John.

It's bloody impossible to even be a tenant at the moment I swear!

Im sorry but half the people commenting on this are wrong and have no idea of the true situation. The government should never have got involved in this. By doing so all they have done is put rents up and made many landlords exit the market. So fewer properties to rent. Why should a landlord have to wait 14 months in some cases because someone doesnt pay their rent? They are not a charity. This is why i wouldnt go into buy to let. Most landlords own 1 or two properties. They are not super wealthy and are doing it for a pension as the government messed all that up. Rishi Sunak is however worth 800 million quid and I am fairly certain he and the majority of MPs across all parties are heavily invested in property in one way or another. You people are missing the bigger picture. We need small landlords. If they exit large corporations will buy up most property and then things will get really bad. They have real power and money to lobby and reverse or change laws to suit their narrative. This is already starting to happen.

We need a DEDICATED landlord and tenant court. To logical for an idiot government.

As someone who has been saving up and waiting to buy my first holiday let or btl, the whole thing now sounds ridiculously complicated and risky, and in honesty, far too much effort for my time and money. I'll now just put that money into an S&P Index and save myself the hassle.

I don't think this will bring any relief, as Scotland has had this law for many years and the situation hasn't improved. What England and Scotland need is a cap on portfolio investment. Currently, investors from Hong Kong and the Middle East buy most of the affordable resale properties, making it impossible for even cash buyers who are first-time buyers to find affordable options.

Excellent summary. Thank you!

This is one of the biggest mistakes the UK can make. The reality of outcome here is the landlords will either hand off the property to be managed by "experts" which will tie tenants up in paper work and legal text which the tenant can't possibly understand or compete with. Or the landlord will simply exist the industry and then the tenant will be forced to buy property. The first of course drives up costs which will drive up rent as the costs are passed on to the powerless tenant. The thing is you can't have a "no fault eviction" the owner has to have right on the property they own eg if they want to move back into it. If they need to sell it. If they want to do major modification or repairs to it. The correct way to fix the renting problem in the UK is excess supply of property. This will means that landlords not doing a good job people leave. You need to let the market decide the outcomes. Simply adding rules and red tape will just add delays and make everyone unhappy and everything overall more expensive. This is another fin example where the winners here will be the giant property holding companies when working at scale can afford teams of lawyers to bury people in paper work in the court systems which the average person cannot compete with. The people who benefit are the share holders and lawyers in these companies. Everyone else losses. An example of this is if you want security, the contract will be forced to work both way. The tenant wants 6 months notice. Fine. The landlord will say pay 6 months up front. The regulator jumps in says "you can't do that" the landlord sells property and buy one in another country and rents it there where the rules don't exist and than says "fine buy your own property with a mortgage you don't have a deposit for". This is the outcome your going to get in the long run. Which is landlord exiting and more AirBNB/Hostel style long term rentals by people. Already I live in a town where there is approx 80,000 people and there is 6 available properties to rent. The amounts being charged are way above sensible. Only way to fix this is add more property. Which is blocked by planning permission which is blocked/rejected because lack of water, sewage infrastructure. There no amount of paper work, rules, regulations which is going to address this physical issue.

Being both landlord and tenant is quite common. A single home owner not selling and instead renting another place with their partner is a normal case. The problem are landlords with many properties. But now many will sell and normal people won't be able to buy, so again we'll see rich people buying assets from normal people, increasing the wealth gap and making it harder for first time buyers to find anything and pushing up rents. Really, the system in the UK is completely against its people.

Yep, selling my two rentals this year, it is just not worth the hassle any more. Feel sorry for my long term tenants of 8+ years, but this government are forcing this upon small landlords.

Renting is the only option for some but the landlords are now only giving a two month contract and can evict if you don’t agree to a massive hike in renting cost. The government hasn’t helped anyone with these changes. Everyone loses

The problem is hardly ever an ordinary landlord and its not the tenants either. All the trouble comes from the parasitic letting agencies, the buy-to-let cowboys, the quick-flip developers, the big property speculators and, not least, overweaning government regulation that adds costs and makes it very hard to stay within the rules. Unfortunately, the market is overwhelmingly dominated by those big chains and corporations now and the government doesn't give a crap for the small guys.

Answer : no. Just increase rents to mitigate rhe additional risk. Which is exactly what Gove wants, I'm sure. Well done.

The housing market is broken, slumlords extortionate rents and private housing not affordable by even professionals...how can a fundamental right HOUSING be a priority business?

That's it for me, I'm selling up after 30 years in the PRS. Landlords have slowly but surely had control taken away from them, so I'm selling whilst I can still get tenants out. I put the blame firmly at the door of the government. Poor tenants, it's going to be a very difficult and expensive time for them from now on

I've had 5 no fault evictions in 11 years. Never missed rent once. One of them refused to put my deposit in a scheme.

I suspect we are going to see a flood of smaller properties on the market for sale soon, who would want to be a landlord in this climate?

I was locked out of my own home when the estate agent showed someone around my house without warning me. Then I was given a no fault eviction by two other landlords when I asked for repairs to be done … one of them kept my deposit and it looks like I am about to lose another as this landlord has never given back a deposit (from his own sister I heard this). These landlords are above the law - one landlord put it on writing she knew she was renting illegally when she ignored current legislation … the local council promised to and then failed to fine her £5k and kept putting back the date they promised to visit my last home. I’ve had one good landlord in 38 years!

THANK YOU FOR THIS INFORMATIONS

Problem with people who buy properties specifically to rent out are fishing in the same 'affordable' homes pot as first time buyers, but with more cash.... This puts affordable home prices up for people who just want a home, not a cash-cow....

Just had a bit of a shock. Took up a new tenancy to facilitate my son’s access to college for his course (July ‘23) December a debt collection company started mailing asking for information regarding our tenancy. Jan’24 we’re informed that the ‘mortgage’ has defaulted and possession has been reclaimed by the bank. March ‘24 we’re given 48 hours to present our tenancy agreement or be formally trespassed. Last week, we were notified of an intention to instruct a solicitor to serve a Schedule 2 Ground 2 vacation request to dispose of ‘the asset’ The Landlord has remained the same despite the default!!! Already have viewings for new places nearby and will likely serve notice and leave before the 2 Months notice expires. Will be raising a civil suit after the fact.

Looks to me like many landlords will be selling up, and getting out of the rental business. It's all very much one sided against the landlord.

And then on the other side of the coin; our landlord of 21 years NEVER did a repair in any of his 50 + houses apart from the absolute legal bare minimum. Last off he remortgaged all the properties he could and just left the country! Now all his tenants are left in substandard, neglected properties which nobody wants to buy. A potential landlord has his hands totally tied. It’s difficult to get the tenants out to effect repairs and the houses are now getting rent paid straight to the banks who have repossessed. Now they are just making the minimum legal repairs and upkeep themselves and they are basically stuck with all these properties on their books. They are impossible to make a decent enough return for anyone to take them on. In 21 years I have never even had a Gas Certificate done, my roof has a 4 foot hole in it which I fixed up myself and I have had the boiler repaired myself by British Gas 3 times over the years. I have replaced ceilings, kitchens and bathrooms myself because I’m capable fortunately to have done. There are some older people who haven’t been so fortunate. It is a sad and desperate time for both tenants and landlords.

Landlords don't kick out good tenants. Here they go protecting the criminals again. Sick

I’m sure that anyone who has money invested in a bank, building society or any or any other form of investment, apart from housing wouldn’t be happy at being told they can’t get their money out for at least 6 months or longer if they need it? Then the banks etc refuses , and they have to take them to court at their own expense to get it back which could take up to 2 years or longer! I have a fairly large portfolio of properties that I am now starting to sell off. Less homes to rent, rents up. Cracking idea from the government. Landlords have to play by the rules, tenants don’t. Let there be a bad tenant register so landlords can check any future possible tenants aren’t on it. Have a system where previous tenants are traceable for any rent arrears or damages to landlords property rather than just vanish into thin air. Things like that should be brought into a new reform bill.

Thank you

Very clearly explained.

So glad I sold my BTL last year. I hope Shelter and renters get everything they hoped for from this 👀 I’m sure renting from global banks will be a great and fair experience 👍

Everybody in the entire country now knows beyond any shadow of a doubt that Tory manifesto commitments are not worth the paper they were printed on, that on a broad range of subjects is why the Tories are toast. The issue completely ignored, that of sky-high lease extension/renewal costs has been completely ignored, hopefully Labour will address this issue.

I have slowly been selling off my properties as its just not worth it anymore… I treated all my tenants really well, but the ‘powers that-be’ think we are all landlords from hell which simply isnt true...The tax system is also against us too. I had 7 properties but have been selling them off and only have one left which will be sold when the tenant decides to leave and the government wonders why there is a housing shortage!!!

Coming from eastern europe where there is 90% housing ownership countrywide, its strange to see some people in the UK only contribute to society by getting rent money...

Tenants who don’t pay for 2 months, their cases should be expedited. Landlords these days don’t make much money as mortgage payments are so high.

My renting neighbours are mostly druggies and dirty and a general nuisance and I can't get the land lords to do anything about them because they pay this makes it way worse my village is becoming a bloody drug town.

A friend of mine with 3 properties in central london, including canary wharf, sold up and moved back to Spain. The biggest issue is property management companies.. the 'rope a dope' became unbearable.. not just financial, but time consuming.

Excellent

As an ex landlord of 20 years, my advice is NEVER RENT OUT PROPERTY AGAIN ! in the UK. Labour and Tory are hell bent on waging war on landlords, holiday let and second home owners, as they are now far left zealots who use legislation and taxation to stop ordinary people from making monet and owning assets. Its going to end badly for both tenants and property owners in UK.

Does this mean I can't sell my house if can't evict the tennant until they want to leave?

Would anyone be able to tell me how this will apply to HMO landlords? I am guess all the same rules will apply as single let units?

Lets end all new buy to lets especially in London. It really does not work anyhow financially and structurally on a forward looking basis. Good to see this come to an end.

All it will do is make it much harder for tenants to get in, I will double check everything , I have not been checking some things a friend of a friend needs a house sort of thing now and I had this yesterday , “” I haven’t got a landlords reference I’ve been living with my mums house,,,,, not a chance straight in the bin, it’s a lie, as of now your getting checked ,I had 27 people apply for my last house all this will cause is lots of people with nowhere to live ,, I can’t be the only one like this,,

I was recently given a no-fault I had been in my property for five years. Never missed a rent payment and had a glowing reference from the landlord and then I ran into a problem with the estate agents due to ill health. I am unemployed and my wife supports me from abroad as she works overseas and as our money comes from abroad no estate agent will rent to me without at least paying six months rent upfront which is beyond our means, in a costa living crisis and it is so serious. I am now leaving the country on Monday to go and be with my wife in Hong Kong I am so angry with the system and this is why there are so many people on the street estate agents have far too much power they decide who gets a property at the end of the day and it does not matter if you have a perfect record of paying your rent and a glowing reference from your landlord. It is as useful as toilet paper.

Great video 👍🏽

Is the the no fault included when the landlord lives in the same property, so therefore the tenent is paying rent of the room?

I'm gutted. My only source of income is my rental income from the house I own. I send it all to my ex-wife to take care of our kids and have no way to work or claim benefits right now. When my current tenants leave I'm going to be left with the choice of selling and having no income or holding on and being unable to rent it in case they just want to stay there forever!

Been landlord since 1996 and never evicted anyone nor applied punitive rent increases, and always maintained property to highest levels. At one time had 7 properties…. Now down to 2 but now given Notice to Quit and am selling them and the 2 houses I am building and was originally going to let. It’s a mugs game and Labour will kill teh sector finally when they get it. SELL SELL SELL… 😢

what about good tennants? do we get any rights? my rent is paid on time and im not damaging the house or anything but i read that landlords will now be able to give me 1 months notice to move out, even if its just to let his family stay for a couple of months to visit, they have rights over me, a paying tennant ... ive been in mine for 6 years now, the kids are in school, doctors, dentist, afterschool activities etc we have built a life and i got an email telling me new law for landlords can make me move out with a months notice and once my tennancy is up, it will automatically move to a rolling monthly contract.. i dont feel very secure now. i have 4 children, pets and a whole house of furniture. what do i do if i cant find somewhere else.. am i going to be put out on the street? il have no power at all. i always renew for a year, i like it here and i dont think its fair that i can be forced to leave within a month. its outrageous and im worrying a lot now. i cant find anywhere local with 4 rooms, its the upheaval of it, packing up and starting a life somewhere else all over again just as we are settled now. what rights do i have? am i protected at all?

Question, if tenancy is for an indefinite period, then tenant can stay on forever as long as he is paying his rent, right ? In such a case, how do you get rid of the tenant if you want your property back for - living in it yourself - or selling it -or getting a higher rent with new tenants - or tenant not paying rent or bills and or has damaged the property. How would you get rid of the tenant in the above situations ?

They should have made provision for rent control. Rents in parts of the country have gone up by 30% in a year. It's a travesty and the government has done nothing about it. But given that most of them are landlords, it's hardly surprising.

If they make life impossible for landlords, and they all decide to get get of the rental business, then who is going to rent to people who need to a place to live but cannot, or do not want to buy? Goodluck to all those people when there are no more rentals available.

I was evicted twice through no fault of my own , with kids . I’ve also had property I’ve rented out .

Just end up back to the 1960s and 1970ss where no one will risk renting out there house for fear of a sitting tenant preventing its future sale.

There is no security being a tenant in the UK private rental market. Its too expensive for some landlords and for the vast majority of tenants. The balance of power is clearly with the Landlords…. I have had my fair share of section 21 notices due to having the temerity to ask for repairs, even after years of looking after the property and paying on time

Basically greater risk for landlords = greater scrutiny of potential tenants and higher rents to cover risk and also with probably more landlords being put off or selling up, less supply of rented property also will push up rents. Another own goal as it really helps no one.

Sounds like these rules are geared up so landlords cant have any standards for their tenents. No dault evictions were less hassle than giving reason's and having a massive back lash. Can only imagine the kinds of people that would benefit from these rules. Gets more and more ridiculous each day 🙈

I have been given a no fault notice after renting a property for 8 years. They either want out/more money or air b&b (which is viable where I live). There are very few properties coming up for rent and the rents are still high (maybe going up with demand). I am hoping to buy a motorhome and live in that. That's my only option right now.

Landlords should be able to remove a tenant with notice at any time for any reason. Notice however should be extended to 3 months which is long enough. It’s the landlord’s property so it’s their choice if they wish to keep a particular tenant or not. Tenancy Contracts should be fixed for 6 or 12 months. They should not be open ended as this creates uncertainty for the landlord. Yes, tenants need to be protected but some of these new rules take the piss! Landlords have worked hard to earn money and purchase properties. The UK government is just taking the piss now with tax and these new rules to make things more difficult for landlords I am from a working class background. I studied hard, got a good job purchased my first house rented it out and now have my main house. However I feel the government is penalising small landlords like me.

My girlfriends landlord has given her notice on the house she is living in coz of all this malarkey ☠️

We had a block of four rental properties and sold the lot due to so much damage and bad tenants it wasn't worth the stress.

I'm not a landlord nor tenant but am I reading this right....if I owned a house and wanted to rent it out on say a 12 month contract and around the 12 months I decided I wanted to sell the house, I can't do that? There is no way to naturally end a contract at the end of the term and they will now all be unlimited? I assume I have mis-understood

Landlords in London are acting like slavers, with tenants handing over 60-70% of their income for rents that are three to four times the landlords' mortgage payments.

We need more good council housing and significantly less landlords. Bunch of freeloaders, getting others to pay your mortgage+ profit.

Does not matter what the Government says, under UK Common Law no Government has power over you or your property !!!

Landlords tax, lamdlords license, corporation tax...combine that with millions of renters that have no intention of paying...where is the incentive? Purchase, refurb and sell . Screw renters

ANY LANDLORD WANTS GOOD TENANTS TO STAY.

Being a landlord may become so unattractive that there will be a shortage of rental properties.

I think that the private landlord will start to sell their property as this is to much headaches and then the tenant will be giving notice so he can sell his property and I don't blame them.

So if I work oversees for a few years I can't rent my house out, else I'll be homeless when I return to the UK?

Labour will completely destroy BTL.

By 2030 you will own nothing and be happy

I have a tenant in my rented house which I sole relied on income! My tenant was served Section 21 and then had to serve section 8 through the agency. My tenant has not paid rent since September 23. He was served notice to be attend the court, now his given another 35 days which already cost me £2,480 already plus 9 months rent. I have been renting nearly 20 years Never had a problem always decent renters. It turned out the tenant who is working as a Prison Officer wanted an eviction notice so that he can get council property. I felt very strongly that the court took no consideration of my situation but the tenant. I personally will never rent again anyone to anyone and sell my property!

Landlords, like tenants, aren't all the same; e.g. rogue. Some tenants are great and give no issues, same with landlords. What really needs to happen is that those landlords that continually fail at providing good, safe, clean and infestation free housing should be punished; not all landlords be branded as dodge by the govt. Bit like when they brought in the IR35 rubbish as they're claiming all contractors are on the fiddle when in fact their own govt people were claiming monies that wasn't theirs to begin with and having more than one job and not paying the appropriate tax or having a private company and a limited company and not paying any corp tax...the govt needs to empower councils to do their job, not just say, by law, you have to give more tenants rights. Remember, the tenant doesn't own the house and this is a service provided by the landlord...to provide a house to rent and live in...if you're a bad tenant, get out. If you're a bad landlord, fix up, or be fined. Simple. And if the landlord wants or needs to move back into the property or wants to sell up, there should be no delays in doing so, BUT adequate time should be given to the tenant within which to find a new property...this isn't hard, they just feel they, the govt, need to be seen to do something about the housing crisis/ tenants rights when they created all this in the first place. The landlord bought the house. Not the tenant. Sometimes the furnishings are in the property, and these are damaged by poor tenants...they should replace them or it be taken out of the deposit ( not always the case ). If the house is in need of repair, the landlord should take adequate steps to remediate asap; then there are no issues with the relationship between the two...this needs to be harmonious. Communication is key and the landlord needs to know his investment is making money AND being looked after, not trashed. And the tenant needs to know that when they ask for something to be repaired, this is done. End of. No excuses or delays, and be done to a decent/ high standard.

bro, buy a microphone - your audio is garbage

Wasn't this on top of the changes to tax rules where you couldn't offset mortgage payments as a private landlord rather than through a ltd company? And now this, creating the situation where larger firms will buy out the smaller landlords. Kind of like how IR35 has destroyed the ability for entrepreneurs to bootstrap hence organic productivity and progress is gone

What could propably be done is to set up some kind a fast settlement path for simple specific cases like tenant not paying his rent, criminal offences or some other.

There needs to be rent caps, renting costs has become well out of control!!!

I will always invest into property bricks a d morta when the government says don't invest u steem forward and invest

What will happen with the new open ended tenancies as regards to rent increases? How and when can I increase the rent.?

Landdlords and teneants need to work together against organised crime massquerading as government. Where has all the money gone? If tenants need landllords and visa versa then there is only one culprit.

WHAT ABOUT TENANTS GUIDED TO BANKRUPT LANDLORD AND REWARDED VI A ''THE PETER PRINCIPLE'' A WEALTHY LANDLORD LIQUIDATED BY BAD TENANTS WHO NVEER WANTED TO BE BAD