Page 2 | Where are they going?

Victoriantimes · 2026-02-25T13:11:38+00:00

Rightmove is overrun with tenanted property for sale. If the tenants don't want to buy their current place where are they going? Landlords exiting in large numbers mean investors are reduced. Yet the properties are marketed for investors or homeowners. Homeowners tend to avoid tenanted properties. A few years back tenants would move out and the landlord would refurb for sale. Then the prospective homeowner knew what they were getting. This new red tape is off putting and means people will not move.

janietreemore · 27/02/2026 01:58

@Icecreamandcoffee What a grim situation. Big and small landlords are a mixture of good and bad. In this case the first landlord was a fairer and better option.

spriggit · 28/02/2026 07:10

It's due to the renters reform act. Most small landlords are selling up. This act has made being a landlord a very expensive and stressful idea. IMHO there will be a lot of homeless people soon. Councils are having to come up with schemes to try and stop private landlords leaving the market as the councils cannot house those left behind. The companies you mention buying up the properties are the likes of BlackRock and Lloyds. Renting in the future will look very different. The big corporations will be your landlord. They can absorb a couple of tenants not paying rent for a year , the small landlords cannot, they would lose their house. As of the 1.05.26 the courts will need to decide if a landlord can ask a tenant to leave. The is already a massive backlog of cases and more section 21's being issued than we have ever seen,as landlords scramble to leave the rental sector. I really worry where people will go as councils are already using hotel rooms as emergency accommodation. The consequences of the RRA so far mean rents are increasing, properties for rent are decreasing and I honestly don't know where people will go?

UnilateralDecisions · 28/02/2026 08:23

I tried to buy a house that was previously a rental (it’s empty now), but the owners wouldn’t accept what I’m pretty sure is a good / reasonable offer for it. It’s already been on the market for ages.

KeepPumping · 28/02/2026 16:36

DrPrunesqualer · 27/02/2026 01:20

🤣🤣
they were seriously dodgy when I looked them up

The ‘business’ address was a basement under a nursery in a London suburb ( her house isn’t in London )
They also had ( I looked on companies house) other really dodgy sounding companies that they seem to be switching money around but not doing much more.
The property sold last December according to LReg but my cousin didn’t get her money till January and when she told me I noticed later that the property had sold again to another company ( diff people same surnames )!

They basically bought her property for £40k less than they sold it for to another company ( within 2 weeks ) They clearly didn’t have the money to buy hers in the first place so waited till they sold it and only then gave the money to her.

All set up ( I think )
by a one man band EA who overpriced two years prior by 100k and then after no sale suggested these guys. He also suggested the ‘conveyancer’.

So do any of them have a website
No
but Theyve probably got a lot of washing machines

Edited

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Sounds like a script for Minder.

KeepPumping · 28/02/2026 16:42

spriggit · 28/02/2026 07:10

It's due to the renters reform act. Most small landlords are selling up. This act has made being a landlord a very expensive and stressful idea. IMHO there will be a lot of homeless people soon. Councils are having to come up with schemes to try and stop private landlords leaving the market as the councils cannot house those left behind. The companies you mention buying up the properties are the likes of BlackRock and Lloyds. Renting in the future will look very different. The big corporations will be your landlord. They can absorb a couple of tenants not paying rent for a year , the small landlords cannot, they would lose their house. As of the 1.05.26 the courts will need to decide if a landlord can ask a tenant to leave. The is already a massive backlog of cases and more section 21's being issued than we have ever seen,as landlords scramble to leave the rental sector. I really worry where people will go as councils are already using hotel rooms as emergency accommodation. The consequences of the RRA so far mean rents are increasing, properties for rent are decreasing and I honestly don't know where people will go?

The big companies you mention got burned on commercial property, they won"t repeat the mistake of piling in to a broken market, especially with mass immigration the number one concern of UK voters now, the days of a tenant leaving and a line of people waiting to take their place are well over.

https://www.reuters.com/business/finance/barclays-shares-fall-possible-losses-collapse-market-financial-solutions-2026-02-27/

KeepPumping · 28/02/2026 17:53

spriggit · 28/02/2026 07:10

It's due to the renters reform act. Most small landlords are selling up. This act has made being a landlord a very expensive and stressful idea. IMHO there will be a lot of homeless people soon. Councils are having to come up with schemes to try and stop private landlords leaving the market as the councils cannot house those left behind. The companies you mention buying up the properties are the likes of BlackRock and Lloyds. Renting in the future will look very different. The big corporations will be your landlord. They can absorb a couple of tenants not paying rent for a year , the small landlords cannot, they would lose their house. As of the 1.05.26 the courts will need to decide if a landlord can ask a tenant to leave. The is already a massive backlog of cases and more section 21's being issued than we have ever seen,as landlords scramble to leave the rental sector. I really worry where people will go as councils are already using hotel rooms as emergency accommodation. The consequences of the RRA so far mean rents are increasing, properties for rent are decreasing and I honestly don't know where people will go?

Looks like the big players don"t agree with your idea of masses of homeless renters looking for places to go.

https://www.telegraph.co.uk/business/2026/02/25/john-lewis-scraps-500m-housing-plan/

KeepPumping · 28/02/2026 18:14

spriggit · 28/02/2026 07:10

It's due to the renters reform act. Most small landlords are selling up. This act has made being a landlord a very expensive and stressful idea. IMHO there will be a lot of homeless people soon. Councils are having to come up with schemes to try and stop private landlords leaving the market as the councils cannot house those left behind. The companies you mention buying up the properties are the likes of BlackRock and Lloyds. Renting in the future will look very different. The big corporations will be your landlord. They can absorb a couple of tenants not paying rent for a year , the small landlords cannot, they would lose their house. As of the 1.05.26 the courts will need to decide if a landlord can ask a tenant to leave. The is already a massive backlog of cases and more section 21's being issued than we have ever seen,as landlords scramble to leave the rental sector. I really worry where people will go as councils are already using hotel rooms as emergency accommodation. The consequences of the RRA so far mean rents are increasing, properties for rent are decreasing and I honestly don't know where people will go?

Big Corp doesn"t buy up scabby ex-rentals because the landlords couldn"t make the sums work, they build purpose built serviced flats that they can rent to young professionals, but if the demand for rentals drops, and the existing supply goes up as is happening now, they look to other investments.

NavyTurtle · 18/03/2026 12:36

Victoriantimes · 25/02/2026 13:18

The added complication of waiting for them to move out - they often don't. You only have to read mumsnet for proof.Why would a prospective homeowner want that?

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When I was doing conveyancing, we would not exchange contracts until the tenants had moved out - could not take that chance.

KeepPumping · 18/03/2026 13:59

Demand seems to be consistently falling, can"t be long until rents do the same in most parts of the country?

https://www.thisismoney.co.uk/money/buytolet/article-15631519/Good-news-tenants-rent-falls-major-cities-competition-secure-property-cools.html