Thanks HomeHelp. It is quiet here tonight.
If there were less of the modern Buy to Let landlords yes, I believe it would be different - the proportions across the market are unbalanced, especially with the shortage of housing. The demand for BTL stimulated by cheap BTL mortgages forced up and propped up house prices and now the demand for having other people pay your mortgage so you can have a juicy retirement, keeps rents high.
The modern trend where we have a greater propertion of LLs with mortgages to pay is a big part of the housing problem - they want bigger margins and tolerate less risk.. in so doing they choose to insure against risk as they can't/ won't absorb it as a business cost as per AppleBarrel(this is a relatively new and expanding market directly stemming from the increase in BTL as it covers the mortgage) and in so doing further restrict who can rent a property HOME. Coupled with the absolute necessity of housing, it is really very unlike any other business model.
If people had different personal standards then the whole world would be different. People make choices that can contribute to bigger problems, that is what I am saying.
I could be an arms dealer because it pays really, really well and I would have great security in retirement, but I don't because it most often kills innocent people and I'd feel terrible knowing I'd CHOSEN to profit from that.
If you choose to invest in buy to let you should at least acknowledge the role you are playing in the (dire) housing situation and accept that it is your choice to particpate in this industry because the benefits to you personally are huge, but the experience is generally really shitty for people on the other side.
I mean, I know I should be so, so grateful that you let me live in your pension house whilst I pay you money, god forbid I should want to grow plants in the garden or have a pet, or actually be allowed to have children (yes there are a lot of 2/3/4 bedroom houses whose LL's won't accept CHILDREN! How is this legal?!!!) - all things you probably have, or choose not to - and you don't have to ask anyone's permission do you. You just get to live as you see fit with no one to be subservient to/ controlled by. I'm fucking owned.
Not all landlords, but very, very, very many.
Sorry for hijacking your thread OP, but having been in your situation more than once I'm passionate about tyring to stop it happening to others. But I'm bowing out now unless I can help you in some way. I wish you the best outcome possible x