Is This The Start Of A UK Rental Crisis?

[@PropertyHubUK]

👍🏻 Link to free tools: bit.ly/3WNgvlw 🖥 Link to our website: propertyhub.net/invest

[@carlyndolphin]

I own 67 properties and I’m thinking of selling them all. My tenants won’t be happy but there’s just too much red tape now

[@kingsouther]

Oh yea well i own 68 properties and im gambling them all on rouge in roulette

[@jeremybiggs8413]

Please do sell.

[@carlyndolphin]

@@jeremybiggs8413 Most of my tenants have been longterm (over 10 years). I give the loyal ones 15% discount on the market rent. Some of them are begging me not to sell.

[@AdeolaSpeaks]

One person should never own that many properties anyways.

[@carlyndolphin]

@@AdeolaSpeaks I’m providing a good quality service. Not everyone can afford to buy a property. I’m currently in Asia and I love renting and not being tied to one location.

[@mustafahakim1298]

My landlord is selling up. Says it is no longer worth it being a landlord.

[@2525Hudson]

He's right.

[@grimgoreironhide9985]

It’s because he can longer make a profit due to interest rates on his mortgage.

[@Dagmere-n7l]

Alot of land lords now losing Money because costs for them are Way Up. Tax up, interest rates UP, costs UP, materials UP. Tradesfolk charges UP.

[@Carsonktm420]

We shouldn’t have to pay for someone else to live in our house

[@seanwildman5119]

He's right and going to get worse under labour. Keeping mine empty

[@pataleno]

I'm looking to sell my two properties as soon as the tenants move on. They are great tenants but I won't be renting again to anyone else. I'm done..

[@chiragshetty4608]

I know some landlord who are also thinking of selling. There is not much gain and to much risk.

[@Dipo_Miller]

Why won't prices go up due to population rise???

[@timlong4704]

Is it that bad ? I’ve never had a 2nd property ? It’s not worth buying in the uk then ?

[@The_Unintelligent_Speculator]

@@timlong4704Opportunity when people are fearful. Property is for long term storage of wealth.

[@poplarboydavid]

@@chiragshetty4608 I was thinking of investing into BTL or HMO. Why are you getting out? Interested to know from someone who’s already been there. Thanks

[@johnmore4155]

Everything was pretty much alright until the Government started attacking Landlords.

[@jonathanjonathan7386]

1.2 million new arrivals in 12 months when sunak was pm didnt help either!

[@Daniel31415]

Lol everything was not alright. The absolute state of rental properties in London has been disgusting for years, and the pricing wildly disconnected from common sense

[@johnmore4155]

@@Daniel31415 Who said anything about one particular problem area? The comment was referring to the whole country.

[@1414141x]

@@Daniel31415 Ok Daniel. Would love you to provide some hard info on the state on London rental properties. What percentage are 'good' and what percentage are 'bad'. What are your criteria for 'good'/'bad' properties. Do all tenants want to live in 'good' properties ? Yes there are some terrible, greedy and unscrupulous landlords, but most landlords want an easy life and to achieve this they probably treat the tenants and their property well. If you have a bad property your tenants are likely to complain, disappear and abuse.

[@pmarmify]

tenant trashed my property so badly the builders are still doing repairs over year later & now council charging double council tax! I think tenants should have to have insurance, so when they trash a property, then owner can CLAIM against tenant

[@sookibeulah9331]

The solution is to get a property owning guarantor who is liable for any unpaid rent or damage done to the property, and can’t disappear. This though then penalises those who don’t have a property owning guarantor.

[@user-xx5yf9pb2c]

You can take them to court,

[@sookibeulah9331]

@@user-xx5yf9pb2c that’s harder than you think, especially if you don’t have the address they’ve moved to.

[@pmarmify]

Can't take them to court. Letting agent no idea where they moved to

[@Libertarian606]

You do realise that just because market rents are going up it doesn’t mean you have to put the rents up on your properties. Landlords whining about increasing costs whilst their tenants graft for half of the month to pay their landlord to sit on their arse is pretty repulsive. And no, I’m not a resentful renter, I’m a landlord who has become increasingly aware of what a sordid exploitative relationship it is between landlords and tenants. The house/flat that either puts money in your bank or is being purchased for you on the back of your tenant’s labour shouldn’t be thought of as primarily a vehicle for profit for you, it is primarily SOMEBODY’S HOME! Unfortunately, very few landlords I’ve ever met, and I’ve met very many, have enough humanity to realise this.

[@2525Hudson]

I totally agree with everything you have said, and as a landlord i have done exactly what you say with 5 properties which i have now sold bar one, over 20 years the various tenants paid the mortgages on them all to the point that they became mortgage free, am i ashamed now, no........ its an investment, nothing more nothing less. I took the risk when others did not so i get the reward, but now its not about profit its about danger, like a lot of older landlords i am very nervous of Labour and have wanted out for a few years now under the fake tories. My only concern is for my family and their continued health and wealth, its the wider govt's duty to provide the housing for those that cannot buy, not mine. I kept my rents below market rate for years and the one i have remaining is still way below, but i have now had enough of the hassle and am out (nearly). God help the tenants to come.

[@Dagmere-n7l]

@@2525Hudson Yeah, well any investment has hidden losers , it's a zero sum game. Invest in a food company and there are hidden corruption, exploitations and tragedies you are indeirectly caught up in , in the back ground. Taht is capitalism for you.,

[@Aladdinthelamp]

After 32 years I’m thinking the same. More corporates getting into the sector and too much pressure on the little landlords to leave.

[@coolco1619]

I never thought I would sell my rental properties until this new government has decided it for me! Really not worth keeping them now. 😢

[@Mikacool]

​@@paulcarey497 Own nothing and be happy - Karl Schwab of the WEF.

[@LG-Musique]

@@Mikacoolit’s Klaus 😂

[@samhodgins9804]

And that's what Labour wants as they are in beds with large corporations and will pass favourable legislation for them

[@bernardlandymore7372]

We dont have a housing problem , we have a population problem.

[@user-xx5yf9pb2c]

Too many old people amd single mothers having lots of kids

[@bernardlandymore7372]

@@user-xx5yf9pb2c The indigenous population is going down .We have no housing problem we have imported it.

[@user-xx5yf9pb2c]

@@bernardlandymore7372 we need immigrants as the British are lazy, we need to scrap benefits and get the single mothers and unemployed in work

[@banginghats2]

I don't think people realise the nightmare that renters face. I'm nearly 66 and facing a section 21. There's is nothing affordable out there for me and I have no idea what I will do. My age doesn't seem to classify me as 'vulnerable'. The council is overstretched and if I'm really lucky I might end up in a roach and bed bug infested B&B, if not, there's the pavement. Did you know that eviction increases the likelihood of self deletion by four times? I'm starting to think that is my only way out of this nightmare too.

[@banginghats2]

@@paulcarey497 Thanks for trying to be positive, but the waiting list for social housing is over a decade in many places. At the same time the population is skyrocketing, housebuilding is way short of demand, and private landlords are selling up in droves. That seems like a long term problem to me. I can't see any way it will work out for me.

[@gemma8611]

​@@banginghats2there are so many properties for over 60s all over the country and they are often cheaper than 'normal' properties. Consider relocating to a cheaper area as well. Don't give up.

[@banginghats2]

@@gemma8611 Thanks. Yeah, I've already looked into sheltered housing. There are long waiting lists for them too, unfortunately, sometimes more than a couple of years.

[@johnomi]

Whatever you do, don't delete. There's always another way and things will work out

[@gemma8611]

@@banginghats2 just keep hanging in there and keep trying. Hopefully this new government will do something and things will improve.

[@mjsmith1968ms]

My landlord is selling everything as soon as possible too. Thank you government, you are making me homeless.

[@jonathanhowson6420]

That is an insane immigration figure! I feel blessed to be locked into a £350 mortgage on a 3 bed house in one of the most desirable towns in the UK on my own. How young people will ever get on the property ladder is anyones guess when they are paying out for crazy rents.

[@jayjolley9258]

Unfortunately if you mention that immigration figure you're right wing😂 how could it ever effect us 😅

[@UnimportantAcc]

I will be moving abroad, there is nothing here for me as a young person.

[@adam7802]

I'm renting a studio and its just gone up to £800... and that is cheap for the area. On top of that I'm in tech but not been at it long so not great pay, but can't get a better job either because it's flooded with more experienced people so I don't even get a look in - recruiters have basically confirmed this to me. There is literally nothing I can do 😂

[@NomadJRG]

I am 31 finally made it onto the property ladder a couple of months back, £1500/m mortgage, 5% interest rate for 35 years just feels criminal tbh.

[@NonConformist-ys4wr]

​@@NomadJRG your a debt slave ... congratulations 🎊

[@user-xu5vl5th9n]

Landlords are being scapegoating for the political choices of government: more migration and not building sufficient houses. I rate Labour's prospects of fixing either somewhere near absolute zero. Just wait until Labour bans rental properties with EPC grade below C. Current rents will look like a distant dream.

[@user-wl5ls6yy7s]

I've just look for houses to rent in my local town. 64,600 properties and only 24 up for rent. Most around £355 PW and the rest on streets you would not want to live on.

[@essexa777]

I'm one of those good low rent landlords but with high interest rates now i had to raise costs, i emailed and text all tenants and made them aware rent would be going up £x over the next 2 years and i halved it first year and next year i will add the other half of the increase. All 5 properties were happy with that and it gave them 2 years to do this or i would also allow them to leave if they wanted no issue.

[@robertdavies8305]

As an ex-landlord, I just sold my property reason, the council imposed a license tax and more restrictions from the government. As they look to charge you more taxes. This reduces property upgrading and so you sell up. Leaving bad landlords behind and fewer properties on the market. I know of at least two larger groups of landlords who have or are in the process of selling around 21 properties between them.

[@Dagmere-n7l]

They are going to force you to make thousands poiunds insultions costs too.

[@petersharples3196]

The S24, The local Licence fee, the CGT allowances going, the IHT @ 40% removal of s21 and potential rent freezes. I have a tenant of 14 years and once she goes, Sell Sell Sell, Rent increased by 40% over 4 years

[@bombasticlove76]

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future

[@mohamedali-fj8xz]

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

[@mbnesbitt]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@hamzahamza-bz3rf]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

[@alasdekarton]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@icucmerc]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@youtubeman5033]

I had 40 people apply for my last house some were begging me and offering more rent than the askin price, there are just not enough houses for the amount of people, I am still buying but I know all the landlords in my area and some are selling up and the rest are just not buying,

[@MrSebastianBlake]

Woah 😮 sad but true

[@marxk4rl]

Great news, landlords selling. That will lower house prices.

[@mikefish8226]

​@marxk4rl Nope, as selling houses doesn't increase the housing stock just moving from one sector to another. If you want lower house prices and rental prices then you need to sort out immigration.

[@Atexequipment]

​@marxk4rl may not as the vulture investors will buy them up. They have incredibly deep pockets.

[@youtubeman5033]

@@marxk4rl no it won’t the big boys will buy everything I am seeing that happen now, the first time buyer houses are like gold dust because of high rents I have never seen it as bad as it is,

[@DivineLove247]

Landlords were Damned when they provided CHEAP Rental Properties, Then some of them sold up,...resulting in Rent Rises. Remaining Landlords are still being Damned as GREEDY,....Even though their costs have gone up.

[@pedroervert]

I'm selling. Buying in more landlord friendly countries

[@bestiegrand6017]

What countries are we talking here ?

[@369dabbler]

@@bestiegrand6017Rwanda 😂

[@pedroervert]

@@369dabbler 🤣

[@bestiegrand6017]

@@369dabbler How about Kuwait?

[@bestiegrand6017]

😂

[@dreamzzz610]

I only own a 1 bed flat in London but it no longer makes financial sense to rent. After deducting the mortgage payments, service charge, safety certificates, landlord licensing, insurance and self assessment taxes, im barely making any profit.

[@2525Hudson]

Then do what a lot of us are.............. sell now before Labour make it impossible to do so.

[@pheeqzie]

Rent's been rising since I completed my dissertation in MSC in Real Estate Management and Investment in 2016🤯🤯🤯 It's an unsustainable model in operation because of the varied ways landlords are making rental incomes and a deliberate move to keep housing supply stagnant🤯🤯🤯

[@DriveCrashShorts]

Bought a house in manchester 3 years ago Rent was £700 Today the rent is £1400 100% rent gain is crazy House was worth 120k now 210k.

[@MrSebastianBlake]

you being for real?? that wholly crazy!!!!

[@peterrose7329]

We’ve sold several over the last two years, my daughters selling hers, my mates selling half of his , none of them will be buy to let anymore.

[@jayjolley9258]

Don't worry they just built 2 bed flats for 1400 a month surrounded by nothing but industrial units by us that should fix it 😅

[@jsr44444]

Is this in Leeds because they’ve done the same here?

[@jayjolley9258]

@@jsr44444 no this is near Liverpool! But looks like they have all the same bad ideas everywhere !!

[@2525Hudson]

I had 5 properties, but now only have 1 remaining. Its just not worth it anymore, and under Labour it's becoming dangerous ! The new Renters Rights Bill will get rid of s21 and could possibly re-introduce the need to get a property to EPC C (the bulk of the PRS stock is old and difficult to get to a C) and also introduce a ' hardship test , what this could do is effectively lock in a landlord so they cannot sell :( That will not happen to landlords like me who could see this coming a few years ago, that is why a lot of small landlords like myself are selling up, and quickly. The current and past govt's have been attempting to turn us all into social landlords, no thanks. Good luck to future tenants, you will need it.

[@andrewallen9993]

If you make it hard work and expensive to rent a property to a tenant strangely enough people will stop renting to tenants at which point the law of supply and demand takes over.

[@2525Hudson]

Please join the govt in the cabinet !!! As a landlord all i see in there at the moment are total morons.

[@jward8868]

I’m selling up too. The £1,000 + money making selective licensing scheme disguised as tenant protection is the last straw. Enough is enough

[@johnedwards230]

I rent a flat that's basically a pension. I have no mortgage on it. Flats have not increased in value like everything else. I've tried to increase rent by only what is necessary and it's substantially cheaper than most. However the costs incurred are horrendous, maintenance charges, agency fees and costs. At the moment 140k makes more money in a savings account than owning a flat over a 12 month period after costs I'm going to have to get rid but I'm torn as my Tennant is lovely and it would be hard for her to find a new home.

[@2525Hudson]

My flats were common hold, a lot better.

[@andy_xtr3861]

Any decent properties that appear on rightmove that are in a competitive price range just get fully booked with viewings or let on the same day..its almost impossible unless your the first viewer or just rent it without a physical viewing, people offering 6 or 12 months rent in advance in the desirable areas 😢

[@marxk4rl]

So they afford 12 months rent in advance, but can't afford 5% deposit to buy? Or it's more convenient for them to rent?

[@AndyP-b9z]

For far too long multiple govts haven't addressed the elephant in the room and this one won't either, they will however lock people up for being angry about it though.

[@revorocks123]

I was literally forced by my mortgage providers to put the rents up for 3 of my tenants when I remortgaged (trying to lock in lower rates before they rose). Their requirements are there must be a minimum rental amount multiple to cover the mortgage payments. These arent massive mortgages either, one is just 30% LTV...

[@earlbee3196]

I know people that are spending 3/ quarters of their monthly income on their rents.

[@ssmufc9941]

People blame landlords for raising rents but never blame the banks for raising mortgages. I’m getting rid of my rental - it’s just not worth it. If landlords keep existing the game, it won’t increase home ownership like people think. I’m selling to a bigger investor - make of that what you will.

[@Dagmere-n7l]

Also House Prices Down.

[@rizwanali649]

Boy. The last 15 years I have seen flats after flats after flats being built in my area Not only that existing houses have had all sorts of extensions to their houses We are now living in a concrete jungle mate

[@MsJustice4ever]

It’s no longer profitable, I have only one second house, it supposed to be rented, but I only rent out one room, due to tax implications it’s just not worth it since they changed how rental income is taxed. If and when that one tenant moves, I might as well just leave it empty (it’s almost mortgage free) or have a friend move in just to save on the bills. Not selling but only because I have children who might one day want to move there when they grow up and need a place that’s commutable to central London. And because tangible assets are the way to go to preserve wealth.

[@carlknibbs2849]

are you sure you mathed that correctly + £1200 a month after tax and agent fees, how do you loose the whole 1200 + some by renting the property?

[@MsJustice4ever]

@@carlknibbs2849 I’m a higher rate taxpayer. It would come in as income and I have to pay higher rate tax on it, with no deductibles. So, much of it would go to the taxman. And if you rent the house, it will get more wear and tear and maintenance costs. For such a small profit it’s simply but worth the stress and bother, especially given the risk of tenants not paying on schedule or damage things. If I have no strangers occupying it, I have none of those risks.

[@marxk4rl]

​@@carlknibbs2849He's loaded with money, and that rent is pennies for him. Why bother with tenants? 😂

[@Emilyweasel2023]

I’ve just bought my first house with my partner. And all but 2 of the properties we viewed including the one we bought were landlords selling up. I do feel guilty about the lady who had to move as she was there for years but the landlord was intent on selling so and was on the market for ages.

[@mcbarberblue]

You forgot one of the biggest contributing factors!! The government passed all the expenditures onto the landlords Agents Can no longer charge the tenants for certain things, ie check in’s check outs … cleaning (they have the option to clean themselves which isn’t always suitable)…… and quite a few other things. So the landlords had to put the money up anyway

[@DJLalr]

Mate, we dont need rent controls. We need stamp duty for lanlord to be 20% for new purchase. If a tenant buys it then the there should be no capital gains tax to pay by landlords. That would help more people to own their homes. Win win for both sides,init. Not forgeting the treasury gets a 20% cut for nothin, init.

[@ronan_the_barbarian]

I bet you said 20% thinking that was a high figure. The LBTT (stamp duty) in Scotland is 2%, 5%, 10% or 12% depending on property value then you have ADS (another stamp duty) at 6% fixed. So it could be 18%! House prices still high in Scotland, init mate

[@user-xu5vl5th9n]

Some mortgage companies wont provide a mortgage if you are the tenant. How bizarre.

[@DJLalr]

@@ronan_the_barbarian Mate, not penalising lanlord but encouraging more home ownership. So, change it to 50% instead, init.

[@DJLalr]

@@user-xu5vl5th9n Mate, i hear you. Lets increase taxez for these type of mortgage companies to encourage them to give mortgages to tenants. If a tenant has been paying £1500 rent per month, they sure can afford a mortgage up to that amount especially if they have been renting for 2 years or more, init

[@hazelthorp317]

​@@DJLalrInit. Init. Init. Idiot.

[@adrianaadnan9958]

Theres literally been zero new innovation in making cheaper and better houses. With all the technologies we have. Making houses as a trade and skill has been abandoned. No men wants to build houses. Because is downgraded as hard labour. Like manufacturing. Very sad.

[@4th_Lensman_of_the_apocalypse]

This rental crisis has been going on for years!

[@PeopleMakePictures]

My rent was fixed for 5 years. Now it's gone up £325pm. Also, I live in a Uni city and out of all the hundreds of big family 5,6,7 bed houses, there are only 4 in my city that are NOT student multi accommodation. I believe this is having a big impact on supply and demand and why available family homes are sky high.

[@geoffwalton2345]

I would happily build or convert or renovate new properties if the government made it worth doing. The government does not seem to understand that the shortage of rental properties is directly a result of their actions.

[@2525Hudson]

Oh they understand......... they just do not care.

[@joegaffney8006]

Government and councils should look at buying the influx or properties for social housing

[@carlknibbs2849]

they did have lots years ago, then they sold them off to make money..

[@stephaniemiddleton3740]

They can’t afford to buy them

[@PMC8711]

Hi Rob, I have seen articles in the Telegraph on so called hardship law proposals which would further restrict evictions of Tenants if it would cause them homelessness or debt etc. This would be over and above the imminent repeal of S21. How likely do you think this would be to pass and would it still be viable to be a Landlord after such a change in the balance between Landlord and Tenant if it did pass?

[@2525Hudson]

I have also seen that, if that has even a chance of coming in........... this country will see a tsunami of evictions before it is passed, there will be mass evictions and homeless on the streets.

[@PB111627]

In Ireland the rent for a room is €1,000 to €1,200 pm! The cheapest house is over €2,000.

[@user-gz6tx6yp3v]

If you are in a limited company and you take the long game view of capital growth with leverage at 60 to 70% LTV, then there is no reason to exit the market. You just need to structure your portfolio as the big guys do, then you get the tax breaks.

[@user-gz6tx6yp3v]

@@paulcarey497 That's actually not true. If a tenant trashes your property, the landlord insurance kicks in as well as the legal cost protection in order to pursue the tenant for criminal damage. They also can't simply stop paying without triggering the insurance. As long as you have vetted the tenant in compliance with your insurance, you are protected. I've had tenants stop paying and my insurance kicks in paying three rent typically within 6 weeks. If you plan correctly and use the right insurance, these risks are reduced. And, the more landlords leave the market, the better for me.

[@robertlane913]

@@user-gz6tx6yp3v you don't even know what you're on about can't get blood out of a stone. I've had a CCJ against a tenant and can't collect money because they're self-employed. I don't know what insurance you've got

[@cszrwi]

Who could possibly have thought that taking away the landlords right to get his property back when he has invested hundreds of thousands would make letting unattractive and reduce available cheap accommodation? ……. Huh Noone could have seen that coming.

[@2525Hudson]

Only those with an IQ in double figures could have seen that coming......... so the govt are out then.

[@jerryorange6983]

To all - Please have a look how many misc. charges the council introduced recently on landlords via back door. Someone has to absorb it. I.e Southwark council charges landlord £500 a year and believe me that it just one of charges. On top of that interest rates went up and that had to be added the rent. I.e new flats in London, the developers are charged by Mayor Khan £50 per m2 and up to £400 per m2 per Islington council . You add all taxes, and extra costs and you have prices as you have. The worst is that the snakes from the goverment created the system where they profit on poor people and blame landlords and developpers for it. The potentian tenants and buyers have no clue about those charges.

[@ann-marieseidou6601]

After Brexit eu citizens cannot enter UK, so how is it possible to have bigger demand post brexit?

[@Lifelongloser]

Things are so bad I’m selling st least ten of my houses.

[@marxk4rl]

Great, more houses on the market.

[@mark196233]

Great for those who can afford to buy one but lots can't.

[@sookibeulah9331]

@@marxk4rlonly for those looking to buy, who can afford high prices and high mortgage rates. For those who need to rent there’ll be fewer houses available to rent.

[@KevinBatchelor-ii3ih]

Would rent controls just make the gap between under market value and market value grow further? 3% increase of £1k is greater than 3% of £800 🤷‍♂️ should landlords be preparing by increasing now?

[@tonyward1932]

Couple your points with further government overspending, perpetual currency debasement will push inflation and rental inflation moving north in the short, medium and long term.

[@1414141x]

I'm a landlord and I do not think a landlord should put the rent up (if he/she can) just because the interest rate on his BTL mortgage has increased ! To me that is immoral. The landlord should have taken a cost analysis and factored in increases in mortgage rates before buying the property. Happy to make a good profit whilst mortgage rates are low, but winges and wants the tenants to pay more so as to keep his profits up when mortgage rates go higher !?

[@accesszero4803]

I looked at my portfolio and worked out my rents were 40%less than market value, but I couldn't put the rent up that much , so increased them by 20% with me having to do the same next year

[@karinbeech8368]

The next worry is, when I complete on the sale of my rental, is my money safe in the bank? Or will it turn into tokens? Will I will be able to take it out again and invest in what I want? Buying gold is becoming a problem.

[@matthewoakley6081]

I am a small land lord, I have 3 properties. I was in the process of buying 2 more but sales fell though. I have, due to current government to not find any more for now. Money will be invested. 2 less houses in the market.

[@SuperBC10]

Multi faceted problems are the cause of this, not just one reason. And I will say that each reason has been put incrementally in place in order for this situation to occur. It has been a systematic attack on both landlords and tenants.

[@TheGeordiePig]

And this is why I am a dividend investor! All Tax free in my ISA, it’s a no brainer!!!

[@Baloovanz]

My landlord wants to sell the house iv been renting for years for the same reason, been lookin at other properties and the hoops you have to jump through to get one is absurd. Never been late with rent have an income between me and my wife over 80k and still they “will send your details to the landlord with the other prospective tenants”. It’s like a job interview now! I remember the days where you whip out a wad of cash n said il take and they’d rip ya hand off to have you rent their house. So much competition now and with rent price hikes it will be even harder for people to get a place to rent!

[@juliebrooke6099]

With such a large income surely you can afford to buy, even if you need to downgrade the area or downsize the property slightly?

[@Baloovanz]

@@juliebrooke6099 we unfortunately do not have a deposit required for such high mortgage rates and therefore don’t meet credit level criteria’s 🤷🏻‍♂️

[@MrSebastianBlake]

@@Baloovanz I barely make 1/3 of what you make and I got a property. I had to move out of London. but the security of having a place never being in PRS is worth it. plus now the property appreciated. sound like down south and think you may need to a different area unless you wanna play the hunger games

[@digitd4663]

Why aren't the Gov looking at the reasons why there are 651k(Gov web site)empty properties up and down the country

[@nomadinthemaking]

I’m all for tenants being treated fairly but it’s got to benefit both parties. I’m making around 10% return on cash employed after running costs but when my fixed rate is up my mortgage will go from 3.4% to close to 6%. A renter with a chip on their shoulder cause they can’t get on the property ladder needs to realise it’s got to benefit the landlord aswell. If you buy a property now on a 75% buy to let mortgage you need to achieve a rental yield of 6% just to break even and that’s often hard in the south of the uk.

[@thefourthwall9022]

Why be a landlord with tenants you can’t evict when you can earn two to four times as much as an Airbnb. would never rent again myself

[@steveelliott9746]

Doesn't that first graph just follow the inflation curve for the UK? Inflation was less than 1% at the end of 2020 and beginning of 2021. Inflation then rose rapidly until it peaked at about 10% the beginning of 2023. So the 5% increase in rents in Jan 2023 is actually a lot less than the rate of inflation.

[@RyuMasterEX]

Will this mean house prices will fall or go up?

[@eirenwhelan3312]

It’s staggering this entitlement property owners have in regards to making profit. You aren’t making anything, improving anything, or adding to the economy. Investment should be rewarding for people putting there money into growth, not the continual inflation of static assets. I believe this is a core problem with the UK economy, and why wealth inequality is continually increasing. Houses should not be a profitable business other than building and renovation, because the money comes from somewhere and you guesssed it it’s the working class. Landlords may as well be on the dole.

[@Paul-if1jq]

Not having enough homes is partly due to illegal visitors. The UK should look at Germany and how they are dealing with the situation. Starmer must bring in new investment, a crucial step to get more people back to work. I am tired of seeing sprawling housing estates without infrastructure and job opportunities.

[@Brian_Equator]

I would say the cause is pretty obvious. A housing supply that grows slowly (both owned and rented) and a massive influx of people from overseas (both legal and illegal) over roughly the last 5 years. Until we get a grip on immigration it will only get worse. Sadly, Labour seem to not be able to see this obvious truth and we are thus royally rogered from behind. Ah well. Brian.

[@manishg214]

Well done to all the clowns who voted Labour lol 😂😂😂

[@tavi7]

That’s what I’m saying! Migration is so important, in my city both rents and recently built detached house prices have gone up by more than 50% in the last 3 years

[@allyc0des972]

too many people on this damn island

[@vjk4170]

Uegh

[@chriscos5265]

A lot of comments saying it's no longer profitable, which is fair, but property should be seen as an asset to hold for the long term rather than money in a bank devaluing. If you're going into it full time and for short term gains to make a few hundred p/m, don't bother. All the real estate investors don't care about rent, as long as it covers the repayment mortgage as its all about the capital gains. Additionally, if you're worried and don't want the hassle then stick to S&P 500.

[@redbruce1999]

The private rental sector increased from 10% of all houses in 2001 to 19-20% of all houses in 2016, where it has remained at 19% since. And if it’s too small (as everyone is claiming) how much bigger does the PRS need to grow to help with the rental crisis? 25%, 30%, 40% of all housing? If (in theory) it reached 100% of all housing, do you think it would reduce average rents? And if not, why not?

[@ricardosmythe2548]

Renters who want to buy that are deemed able to afford rent but not able to get a motgage thats £100 pm less have up until now been diadvantaged by the booming rental markets and buy to let trends. Its about time it collapsed

[@davidcaldwell4953]

You see the muppets who make the rules . Cannot understand by making it so difficult for landlords that of course there going to sell . And surprise surprise there's less housing to rent . Putting the prices up for the ones that are left . It's not rocket science.

[@peterrose7329]

We sold two houses last year, will be selling more as they become vacant.

[@user-lv9il4pm7d]

Great loved the content thanks Chet😊

[@justinstephenson9360]

Interesting video forgot to include inflation in the average rent figures. If average rent was £959 in Aug 2020 inflation means that equates to £1180 now. So it would be more accurate to suggest that rents have been rising by inflation+2% per annum. Then there is the issue of new regulations on properties or at least the threat of new regs which has led to increased costs to landlords and it is not great surprise when landlords seek to recover those costs by increased rent. I know the NE rental market well, i am not seeing, at least outside of main cities, evidence of a market out of control

[@Fee-Nix]

What people should be concerned about is this government changing UK Tenancy Laws, allowing landlords to throw tenants out, thus freeing up rental property. You'll know when it's coming, as the first step will be cutting 'Housing Benefit'.

[@carlknibbs2849]

what are they changing? you can always end a fixed tenancy for any reason at its end

[@fireninja4474]

Ridiculous comment, the tenant and landlord have both always been able to serve notice. A tenant can usually serve a month notice and landlords 2 months for any reason, the only change is that the landlord will now have to give a reasonable answer as to why i.e. not always paying rent on time, selling the property, looking to move in.

[@maryjeff282]

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[@Ava-c6i]

Huge! Been trying to trade on my own for a while now, but it isn’t going well. few weeks ago I lost about $70,000 in the trade. Can you please at least advise me on what to do?

[@Steven-bh3uk]

Begone troll

[@maryjeff282]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretionary fund manager,

[@maryjeff282]

Mr Silbert Mason

[@shawndasme]

I’m not here to converse for him to testify just for what I’m sure of,he’s trustworthy and best option ever seen.

[@manjeetgill1]

Time to raise the rent again 🎉🎉

[@MarkHunterSolo]

If the government is bringing in any rent controls they should surely assess the current rent against the market to begin with. Otherwise they could be restricting rent rises on a property where the rent is significantly lower than it should be.

[@stephengreen8986]

I don't anticipate any large rental increases. Mortgage rate has peaked and may go down.

[@christinavuyk2026]

Too much emphasis on buying, that’s where the money is for the banks 😐

[@p8700-z5q]

Yeah, they lend to push up prices, then increase interest rates to crash the market, repossess, and repeat.

[@revorocks123]

Section 24 impact combined with massively rising mortgage rates and all other landlord expenses + record demand = rents gone up. Hardly surprising and the governments solution is yet more red tape for landlords.

[@cameliarusu73]

They must stop prices rising regarding rent and buy a house

[@jonsnow6741]

yes they are pricing land lords out of the market .

[@kellywalker4494]

This is nonsense, or is regionalised. I live in Leeds and there’s lots of supply of rental property. The rental prices have increased slightly over the last 2 or 3 years but have probably fallen if inflation adjusted.

[@MrSebastianBlake]

Kelly I live in Leeds too. And I’m telling the rental market is crazy. When I was renting two years ago my rent was £400 today it’s £525 for the same room(30%+) my house that I bought went 20% in two years it’s more crazy in Leeds then London.

[@kellywalker4494]

@@MrSebastianBlake thanks for replying. That’s not my experience. Leeds 15, Whitkirk and crossgates areas, there’s plenty of rental stock, some sits on the market for months and these are good quality houses not dilapidated wrecks. I have 3 BTL in this area and have not increased the rent in the last 3 years on any of them partly because I want to keep my tenants but partly because estate agents told me the market rates are flat. My properties are family homes, 3 and 4 bedroom houses which might be where the demand is weak.

[@MrSebastianBlake]

@@kellywalker4494 I’m sure your capital appreciation has gone up though. I’ve brought 2 in the beeston area ( and I’m shocked at the over customer demand and capital appreciation increase) family might weak compared HMO or professional lets like I do. But we’re definitely in a unique position in Leeds where rents are surging beyond my belief

[@ldn876]

​@@MrSebastianBlakeBeeston is landlord city and the rental and capital gains have gone berserk since lockdown.

[@carlos9191]

its funny how when there is shortage and demand, rents spike, and government's fix idea is rent controls... as if that was a solution! i guess that makes people happy because is another anti greedy landlord looklike policy? btw, I am selling too...

[@stokieweller974]

Im wondering if government are going to be buying new builds of major house builders .whether 4 ,5 beds down to starters

[@bootangy]

were fooked

[@philipwood123]

Interesting video. Also your 3 drivers for rent increases are all Govt caused. No surprise there then. Not seeing any slack in demand in areas we rent. Still crazy hot. Shame the governments cause so much distress to the markets and so those looking to rent. Can't see it improving soon (less demand or more supply). I for one would prefer a balanced stable market. Alas though, more interference will likely reduce supply further and of course the blame will be deflected to the landlords.

[@ruhaluddin]

No mention of the impact of Section 24 of the Finance Act? A major contributing factor. Armature attempt to explain the situation!

[@PropertyHubUK]

2:38 Implicit that this is the reason for the trend starting in 2016

[@3d1e00]

So to all those people who have been asleep as a landlord. If you don't remember a mortgage above 5% until now. You've just been a lucky player in a low interest money bubble. It has burst now, this correction will be a weirdly distorted correction because it's such a heavily distorted housing market. Also we are in a left side political system for at least a decade. No one is going to care about you now. Hopefully houses can be for living again 😂

[@drewyetti]

I see this being done on purpose because in years time, “you will own nothing and be happy.”

[@jimmymair3898]

There is always. Buckingham palace with a few bedrooms spare 😮

[@terryo5672]

I am trying to sell my BTLs. Renting just isn’t viable now.

[@allykhan8594]

Landlords are LEAVING!

[@haroonhussain259]

Where to which countries?

[@allykhan8594]

@@haroonhussain259 leaving being landlords. Some cases leaving the country. In any case less supply increase prices. Starmer did not promise Gov will build 1 house, he is relying on private companies to do that.

[@psulux]

There are so many vacant office buildings in every town and city Councils could use them But will they

[@Dagmere-n7l]

Cost s of making them into flats = v high. Workfolk and materials now very High. Project cost: V High. You have to put in kitchens, bathrooms, configure into self contained flats, not so simple to do.