The Big Sell Off - huge number of landlords set to quit

Agree these figures seem really low. Maybe the people they asked didn't represent a typical mix of landlords. Simply business insurance?

It is still 25% of landlords getting out, seeing as the other crackpots (Ben/Polly) can use their numbers to make it look we are all rogues we can use a mix of their numbers and simply business's numbers to get a balance.

2.5million landlords approx and 625,000 are selling. 11million renters (according to Polly/Ben etc) equates to 2,750,000 being displaced. Whichever way we dress it up good or bad that is a lot of people that need somewhere to live.

As a direct consequence of Ben/Polly/Gove/Acorn/Councils have distorted the PRS by now saying S21 Evictions are up and everyone is being kicked out for no reason.

The truth is a direct result of interfering, unjust taxation, licensing, rate increases, language used, threats and a court system that is broken. These are the reasons for a quarter selling up.

I also wonder if they in any way asked if landlords were selling due to fear of Labour winning the next election and what the impact would be on the sector.

As to building millions of properties, yes, but the trouble is that will push house prices up as the demand for land, materials and labour will inflate costs. So who then will buy them?

Interesting that you mention pensions. For a great many landlords who were self employed in their day jobs their BTLs were an alternative to a pension. When CGT taper relief existed that was a perfect plan. Although we technically could put money in a regular pension it meant cashflow for our self employed business would be difficult. Putting it into BTL meant it was more accessible if we needed it. We have never been able to put rental profits into a SIPP as some clueless moron decided they're unearned. So basically we're denied the tax relief everyone else enjoys and have a couple of bedrooms worth of house stolen if we decide to sell up and retire.

On the face of it more houses = lower prices. Sure labour and materials will increase if more building goes on. Land is finite. A lot is sitting around not doing anything for all sorts of reasons including land banking.

You need brain surgery- oh no we need immigrants to do that too.

Well of course Pat is right we do need migrants for the skilled work surgeons. and even tradesmen brick layers etc we don't have them here white British are the nation of the workshy, a sad fact isn't it

There's a fair amount of those migrants who have not come here to work. They have left their dust bowl to come and stay in the Holiday Inn full board and relax.

That is of course true Nick they come here to milk the system that plenty of our own white British are also doing

It’s only five years for indefinite leave to remain and another year for a citizenship, then everyone is British with the same rights to be work shy and blame it all on their mental health.

@Nick and @Andrew - wouldn't you leave your dust bowl to come here and board in the Holiday Inn and relax? Or milk the system if you could?
These migrants do because they can. It's not their fault we offering them all this on a plate.
Do you think they "milk the system" or stay in Holiday Inns in France or Italy? (I speak from experience as I travel there a lot). No they don't. Know why? Because they're not welcome. They don't get free mobile phones, food, accommodation and free health over there (I'm talking generally, because some do).

You Brits are too kind, I've always said so. You can't let them pour in then moan about it when they take over. You need to stop them before they get here, which is something the UK government hasn't got a clue in doing.

And this Nick is what worries me 😨 if they say we are not under pressure and are NOT leaving…. They can hammer us more 🆘🆘😨😨

Yes me too Simon. They can't even see what they are doing wrong. Or if they can don't want to. It's politically and socially acceptable to kick landlords. So why stop? All parties are doing it. Housing it a mess. Who's going to be the bad guy? Yes you guessed it.

@ Daniela you are of course correct in what you say, our stupid government and all those do gooders out there are to blame

I question the intelligence of the British people, why allow a policy of selling council houses at a discounted price with out replacing them. Money was available from the sale of the council houses. People didn’t question this conservative policy nor did the Labour Party?
Labour could have changed the course when they were in power.
At the end of the day no one cares until it starts to hurt them, then they look for scapegoats to blame.

Another one that needs brain surgery. I certainly don’t think white people are workshy but there are always a proportion of every culture and background that are lazy, love the free money etc.
just Google the proportion of ethnicity of England and wales and it comes up with 82% white and 18% black and others.
What this shows is country is predominantly run by white English and Welsh people. The ethnic minorities usually but not always tend to work harder, go the extra mile to be successful. You can go to any country in the world and find this to be true.