Landlord or thinking about becoming one in England.

[Groat]

Depending how boring you are you may or may not find this 2018 survey of residential landlords very interesting.

NB: It is about England only.

https://assets.publishing.service.gov.uk/governmen...

[NNH]

Figure 1.2 is interesting (for a given value of interesting): 52% of the rental housing stock is owned by landlords who have 4 or fewer units.

[Dave3166]

Just been reading some of that, very interesting actually.
Didn’t know any thing like that existed.
May have to read more.

[Simpo Two]

'Ignoring the methodological differences, since 2010, the proportion of landlords with just one property has declined from 78% to 45% or from 40% to 21% of the sector.'

2010 is about the time housing benefit was paid direct to tenants (so they could spend it on holidays instead of rent). Perhaps many of the 'one property landlords' were inheritees who went into it optimistically, got shafted by the tenant and accordingly sold up?

[Countdown]

Simpo Two said:

'Ignoring the methodological differences, since 2010, the proportion of landlords with just one property has declined from 78% to 45% or from 40% to 21% of the sector.'

2010 is about the time housing benefit was paid direct to tenants (so they could spend it on holidays instead of rent). Perhaps many of the 'one property landlords' were inheritees who went into it optimistically, got shafted by the tenant and accordingly sold up?

Landlords can apply for direct payments if the Tenant is in arrears.

[LooneyTunes]

NNH said:

Figure 1.2 is interesting (for a given value of interesting): 52% of the rental housing stock is owned by landlords who have 4 or fewer units.

The more interesting number, to me anyway, is that 94% are privately (not company) owned. I think this will change significantly in the coming years.

Simpo Two said:

'Ignoring the methodological differences, since 2010, the proportion of landlords with just one property has declined from 78% to 45% or from 40% to 21% of the sector.'

2010 is about the time housing benefit was paid direct to tenants (so they could spend it on holidays instead of rent). Perhaps many of the 'one property landlords' were inheritees who went into it optimistically, got shafted by the tenant and accordingly sold up?

Sure, housing benefit will have had an impact on some, but the 3% SDLT (2016) and changes to taxation relating to interest (2017 onward) will probably have been more significant. You needed more cash to buy in (making it harder for someone to acquire their first unit and as a result less likely that a landlord getting out would end up selling their only unit to someone as their first btl).

This article is worth a read: https://www.ftadviser.com/mortgages/2021/03/16/how...

[TheBinarySheep]

Countdown said:

Landlords can apply for direct payments if the Tenant is in arrears.

There's ways for tenants to get around that, don't you worry.

[zedstar]

TheBinarySheep said:

There's ways for tenants to get around that, don't you worry.

Indeed - my last evicted tenant gave (I assume) a fake tenancy contract to Universal Credit. UC then wouldn't pay me the housing portion directly as I wasn't the landlord apparently. Really took some effort to get them to pay me after that. Rediculous.