Landlords are hated but

[Parsley1234]

I am a landlord tenants been in situ for over 10 years very happily in a character Victorian terrace rent raises minimum I leave them alone get repairs done in a timely manner however from 2028 I will have to either sell holiday let or leave vacant the property as the modifications are untenable for me. Double glazing adding internal walls to make small rooms smaller etc. We are in a housing crisis this is going to make it worse and for all of you who want to have a go at landlords maybe look at the government housing policy first

This is not the 'gotcha' you seem, to think it is

@Butteryflakycrust83 what does that mean please ?

It’s a nasty, snippy little response that means “You think you’re clever but you’re not”. Ignore it.

@Blossomtoes thank you
There is so much chippiness and resentment on this thread some people seem to think I can sell my property as a loss to anyone - that would solve the housing crisis or that I could rip out period features and put in ugly replacements - that would solve the housing crisis - it’s all bullshit.
Successive governments have decimated social housing stock with no alternative provision for anyone - for example social housing UC payments are paid at the lowest 30% of your area who knew ? And even more to the point who can afford anywhere to live ? Rents and property are sky high you really think that even if some landlords sold it would rectify the market I don’t think so. My tenants who rent from me are 60 bad credit can’t buy don’t want to buy and I was happy to rent to them - I like them but they could not pass a credit ref so if they leave as my property can’t be rented out where will they go ? Start thinking and stop looking at idealistic ideas the market might crash if it does nobody is getting a mortgage I can guarantee that

They can't afford to buy because people like yourselves have bought all the houses!

🤦

That's obviously not the case given the figures a PP has posted. Overall rentals are down compared to 1980 figures because home ownership has gone up by 14%. That number is likely to go up as a lot of landlords have sold up since 2021.

Ironically this will make renting more expensive as the number of available houses goes down.

The problem has always been housing shortage rather than BTL landlords.

It’s only new tenancies, not renewals.

start a 20 year tenancy now, they can live there until it’s ready for them to move.

if they are on benefits they can claim £ to get work done.

ifs also only a proposed law, not 2025 yet.

also pretty sure only need to spend X a mount a year

You're right it's only a proposal at the moment I think, and that the 2025 date is for new tenancies but it's intended to apply to all rentals by 2028. Which is the date the OP mentions in the first post.

Maybe it won't become law but I don't really see why this, or a future government would back down on it.

Housing crisis

wont happen

There are many nice Victorian homes that just won't achieve a C. I live in a nice Edwardian that is a D but I can assure you it isn't a slum and am unsure what I need to do to make it a C If I wanted to.

Look at the EPC if there is one.

but it will be….

insulate the walls
solar water heater
solar panels for electricity
heat pump

I don't understand why you're forcing your tenants to live in a single-glazed property? That should have been sorted years ago and it's a shame the government has to force the (slum)landlords hand to do it!

I just bought a Victorian terrace under the market value due to the state of it. The very first thing on my ESSENTIAL REPAIRS list is replacing the single glazing.

Your EPC has points and a price, work out what will give you the points you need. Think about connected costs.

e.g. you might find that loft insulation and solar panels gets you there cheaper than insulating your whole house/floor (pre requisite of heat pump) as you won’t have to get an new kitchen / make decorative changes /shrink your house / create damp… though for you it might be double glazing too. And it should be point scored along the lines of the savings so your tenants will get the most ££ for your spend.

(I’m just a homeowner and I’ve spent time putting lime plaster so my house can breathe - wrapping it up in internal walls would cause things to rot- e.g. see what happens to spray foam insulation - to be honest I’d rather just be energy efficient by wearing more jumpers than create an insulated box.)

Please understand if you want to remortgage a BTL your EPC needs to be an E now heading to a C by 2028. There is no way around this for those posters who call me a slum landlord I don’t think so and neither do my tenants as they have been there 10 years. Please listen to what my assessor said there are a lot of houses that it is impossible to get to a C impossible this is not me saying this because I don’t want to do the work even if I did it it would not get to a C.

Mine has double glazing, new boiler and fancy lights. Still an E

Do you have a link demonstrating that there are 50% fewer landlord properties in 2022 than since 2020? Are you saying that there are 50% more owner occupied properties as a result of have they just been bought by landlords for sort term lets?

Do you have a link demonstrating that there are 50% fewer landlord properties in 2022 than since 2020? Are you saying that there are 50% more owner occupied properties as a result of have they just been bought by landlords for sort term lets?

Obviously 50% fewer landlord properties doesn't equate to 50% more owner occupied properties as there are fewer of the former in the first place.

50% of 19% I think @ErrolTheDragon thus adding an additional 9.5% to the 65% of homeowners i.e. 74.5%

Hampton say 3189 landlords are exiting every month not great atall

theres always a lag in the data on these things but the percentage of home ownership peaked in the early 2000s at approx 75%. I very much doubt it’s gone back to that level in the past two years.

Okay. You know what I meant. Where is the evidence demonstrating that private landlord properties have dropped by 50% since 2019/20 and are you saying that those properties are now owner occupied?

Yes definitely. I guess we'll have to wait and see as we don't yet know who's buying these rental properties.

I suspect that some are being purchased by the larger rental firms, which would be typical.

It would be great if the properties are now owner occupied.

assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1060141/2020-21_EHS_Headline_Report_revised.pdf

These are the stats. There doesn't seem to be a 50% drop in private landlord property ownership in the last two years. Obviously something drastic might have happened since the stats were published by I doubt it.

@Lunar270 the companies buying up are like John Lewis and bill gates who are exempt from having the EPCs Not really very good are they really going to be good landlords !?

Yes I think a lot of people on here don’t really understand the shift that is happening in the rental market. George Osborne originally wanted to exempt anyone with a portfolio of over 15 from the buy to let tax changes.

the shift is to having mostly large corporates - often with build to rents. So the shift in property ownership will shift in large part of large corporates - not to home owners.

that may indeed be good for some renters - possibly large corporates will be better landlords. Maybe. I foresee problems.

and what it will do is just concentrate property ownership in the hands of a small group of very wealthy