Is BTL still possible?
Discussion
Frimley111R said:
https://www.bbc.co.uk/news/business-65090846
I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
It's worth reading the article as it very specifically states that landlords are not bailing out of the market at all. I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
The number of rental properties UK hasn't actually fallen. In fact, it has barely moved since 2016.
In fact, Mr Zooplankton claims the problem is immigrants later in the article.
Either way, BTL landlords aren't bailing, the number has been constant since 2016. The issue is more consumers wanting to rent.
The question is why more people want to rent and how to either remove that demand or reward landlords for investing more?
Its a bit contradictory though,
"Large numbers of landlords are leaving the market - 11% of homes for sale on Zoopla were previously rented."
Either way its not going to get any better, with reform on the way which will naturally favour tenants, you will see landlords continue to leave the market.
"Large numbers of landlords are leaving the market - 11% of homes for sale on Zoopla were previously rented."
Either way its not going to get any better, with reform on the way which will naturally favour tenants, you will see landlords continue to leave the market.
DonkeyApple said:
Frimley111R said:
https://www.bbc.co.uk/news/business-65090846
I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
It's worth reading the article as it very specifically states that landlords are not bailing out of the market at all. I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
The number of rental properties UK hasn't actually fallen. In fact, it has barely moved since 2016.
In fact, Mr Zooplankton claims the problem is immigrants later in the article.
Either way, BTL landlords aren't bailing, the number has been constant since 2016. The issue is more consumers wanting to rent.
The question is why more people want to rent and how to either remove that demand or reward landlords for investing more?
I know a few landlords that have sold up, and if you read landlord zone forums it's a common theme.
I own rental properties and there are almost no houses for rent in the area. A few years ago I could find similar local properties easily.
Northernboy said:
dmahon said:
Arent those blue plaques on the house a London thing?
https://www.english-heritage.org.uk/visit/blue-pla...
I’ve no idea how common they are outside London, but there are definitely some elsewhere.https://www.english-heritage.org.uk/visit/blue-pla...
This is another one for the same architect in Newcastle.
https://openplaques.org/plaques/9039
Designer of the spitfire was born there.
98elise said:
DonkeyApple said:
Frimley111R said:
https://www.bbc.co.uk/news/business-65090846
I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
It's worth reading the article as it very specifically states that landlords are not bailing out of the market at all. I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
The number of rental properties UK hasn't actually fallen. In fact, it has barely moved since 2016.
In fact, Mr Zooplankton claims the problem is immigrants later in the article.
Either way, BTL landlords aren't bailing, the number has been constant since 2016. The issue is more consumers wanting to rent.
The question is why more people want to rent and how to either remove that demand or reward landlords for investing more?
I know a few landlords that have sold up, and if you read landlord zone forums it's a common theme.
I own rental properties and there are almost no houses for rent in the area. A few years ago I could find similar local properties easily.
I'm not sure it's as simple as saying the population has increased but about looking more closely. For example, net migration has changed dramatically not because immigration has boomed but because far fewer Brits are emigrating. Now immigration has shifted from emanating from the EU and back to the subcontinent does this different type of immigration have a meaningful impact on rental demand? Are there more households post Covid as more families live over two properties rather than one? Has the rise in cost of FTB interest rates caused a rise in rental demand?
There's a shortage of rental stock but ahead of just blaming landlords for the capitalist filth that they are I'm just suggesting we need to know the true drivers for the rise in rental demand so that the issue can be redressed.
Phateuk said:
Reading the earlier posts on this thread got me wondering what happened to Groat? Always enjoyed his posts on BTL topics 
Yeah I thought the same, I had some fun interactions with him. I enjoyed him teaching me about the subject I did a doctorate in. He was right of course. Frimley111R said:
https://www.bbc.co.uk/news/business-65090846
I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
Someone, somewhere, is buying them? I was reading this, landlords are bailing out of the market and renters are really struggling and so the govt decides to do more to help renters with their rights as a solution
Of course, working out why there aren't enough rental homes any more would be too easy...
BBC said:
The total number of rental properties in the UK hasn't actually fallen. In fact, it has barely moved since 2016.
The problem seems to be the increasing number of people wanting or needing to rent, rather than the number of rental properties going down? DonkeyApple said:
It's worth reading the article as it very specifically states that landlords are not bailing out of the market at all.
I know lots of LLs & I read the NRLA publications.Many LLs are baling out. I've sold 5 in the last 3 years & will be selling any that become empty in future. I know 1 LL who is accumulating but the rest seem to have had enough & are looking for alternative investments.
Further screwing of LLs in the guise of 'helping' tenants will only exacerbate the situation.
98elise said:
Same here. He was quite a character and very successful at what he did.
So he said. . In reality he just lurched from punter wheeze to punter wheeze and took periods of respite from PH shortly after each one imploded. Hopefully he is well but I just assumed his most recent punt on arse end retail shops had merely gone the way of all the punts and he was on a PH sabbatical again.
EPC rating change is affecting some landlords with older properties. My pal who insists BTL is still viable based on his small portfolio of mainly terraced houses is however bracing himself for necessary 'upgrades' on his properties. For him the sums work, buy a 3-bed terraced at £60k, spend £10k-£15k renovating, up the mortgage on new valuation rental at £750pm, managed let and mortgage fees less than £250pm. Currently has 9 in a Ltd Co. as his retirement hobby. His view is he'll die with them as he resents paying CGT if he sells one.
Has had the odd tenant 'issues' but it doesn't faze him as he's got all the time in the world to sort it out.
Has had the odd tenant 'issues' but it doesn't faze him as he's got all the time in the world to sort it out.
mrmistoffelees said:
To my mind it'll never happen given the shortage of housing but then again Labour will be in power by then so who knows.mrmistoffelees said:
There are so many exceptions and holes in the law that I'd be amazed if anyone actually achieves a C rating! That said, in 2023 and a time of high energy bills, there is no excuse for rental properties without double glazing and loft insulation.
Condi said:
There are so many exceptions and holes in the law that I'd be amazed if anyone actually achieves a C rating!
That said, in 2023 and a time of high energy bills, there is no excuse for rental properties without double glazing and loft insulation.
Not if your properties are Grade 2 listed. Mine are and have just been assessed as band D. To get to band C I need to (in order):That said, in 2023 and a time of high energy bills, there is no excuse for rental properties without double glazing and loft insulation.
1. Install internal or external wall insulation (the building is Bath stone with 18" thick solid walls)
2. Install solar hot water heating (er, yes, of course a G2 listed building won't be impacted by a sea of solar panels on the roof)
3. Install double glazing (it's well known that Victorian sash windows can be be freely upgraded to double glazing
)I don't have an issue with upgrading the property (in fact one of them requires £5k spent on the windows this year but right now they will be like for like single-glazed units).
caiss4 said:
Not if your properties are Grade 2 listed. Mine are and have just been assessed as band D. To get to band C I need to (in order):
1. Install internal or external wall insulation (the building is Bath stone with 18" thick solid walls)
2. Install solar hot water heating (er, yes, of course a G2 listed building won't be impacted by a sea of solar panels on the roof)
3. Install double glazing (it's well known that Victorian sash windows can be be freely upgraded to double glazing)
I don't have an issue with upgrading the property (in fact one of them requires £5k spent on the windows this year but right now they will be like for like single-glazed units).
Would you want to live in a property with single glazed windows? Do your house have them, or nice, warm double glazing? Grade 2 listed or not, there is still no excuse for it IMO. 1. Install internal or external wall insulation (the building is Bath stone with 18" thick solid walls)
2. Install solar hot water heating (er, yes, of course a G2 listed building won't be impacted by a sea of solar panels on the roof)
3. Install double glazing (it's well known that Victorian sash windows can be be freely upgraded to double glazing
)I don't have an issue with upgrading the property (in fact one of them requires £5k spent on the windows this year but right now they will be like for like single-glazed units).
Condi said:
Would you want to live in a property with single glazed windows? Do your house have them, or nice, warm double glazing? Grade 2 listed or not, there is still no excuse for it IMO.
As I said I'm quite happy to upgrade but current listing rules prevent me from doing the sensible thing. Because I am having to replace some of the windows this year I will probably put a planning application in to at least fit double-glazed units to the new sashes but I know it will be a major battle.Also have one which has little hope of meeting the proposed regs - single skin walls, solid floors, no loft space etc. Zero chance of adding insulation to the roof, floors or walls, and I doubt the conservation officers would let me cover it in Grenfell cladding. Having double glazing made would wipe out a couple of years of gross rent (they originally wanted the new - single-glazed - windows reduced in size and fitted with Yorkshire sliders, as per a C19 photo they had…).
The switch from managing agents making their living from tenants to making their living from landlords is a fair cost increase, too.
The switch from managing agents making their living from tenants to making their living from landlords is a fair cost increase, too.
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