Small landlords selling off isn't a great news after all

He doesn't sound like a nice man at all. Getting upset and selling up because of new rules isn't the action of one. Being greedy and not selling to a FTB.

There are a few landlords i can see on Rightmove around me trying to sell with tenants but there is so much else for sale these aren't going anywhere. Especially flats. No sign of any big corporations buying around me. People don't tend to buy a property with a sitting tenant.

I wonder if he is telling you the truth? Or is it any isolated local thing maybe.

But this is what all the anti-landlord labour voting people wanted so

Did they want this? Or did they want a system more similar to other European countries?

Me too. I have one flat ….. rented it out when I moved in with partner. Wanted to keep it just in case. Have a great tenant - 5 years in and who wants to stay but need to sell now due to crazy rules. Rental agency says they can sell it to some huge company that apparently buys up all
the flats around here. Average rent increase is apparently 30% once it’s sold.

But this is what all the anti-landlord labour voting people wanted so 🤷‍♀️

DH and I were also good landlords until this year. Just one small house which we kept in good repair and within reason let the tenants live in it however they wanted. But we sold it this year when our long term tenants gave notice, because everything is getting so complicated, difficult and expensive to manage.
I'd be all for discouraging private landlords if the government first put in place proper social housing, but they haven't even begun to do this.

Look at the situation with vet practices in the UK, they used to be independent, they've been bought up one by one, it's reduced competition and prices have gone through the roof.

Consolidation never works in the customers favour.

I reckon this is just going to create a rental black market where no one has any rights.

I’m a tenant, my landlord moved back to NZ so pays zero tax. There is nowhere else for me to rent. If the choice is be evicted due to not being able to meet new requirements or we just keep an under the table rental agreement then I’ll choose the latter.

Well this is what all the tenants wanted.

Dh is in the same position. He's a good landlord, but all the new rules and regs means he's going to have to sell. We're fully expecting them to demand he fits a heatpump at great expense in the near future. It was a new build about 15 years ago so is well insulated and nothing's wrong with the heating system, but the government are desperate to get people to sell up and large corporations take over the rental market. He had to take early retirement due to ill health and this is his main source of income. Ds1 was going to buy it from him at a lowish price, but he's too worried about what's happening to take it on as 20K outlay for a heatpump system is too much.

Sadly this transfer from small landlords to mega corporations is what the government is trying to do.

Socialists always hate the kulaks.