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Renters' Rights Bill - Will it screw me over?
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i think demand for rentals is going to go through the roof as landlords leave the market and no one enters. where are all these tenants going to live? the idea that removing the rental sector will cause a property price collapse so people can afford to buy their own properties and won't need to rent anymore is unlikely to happen.
what will happen will be too many people needing to rent and so the rents will go up because of high demand and tenants are fighting over properties even more than they are doing now in areas like London, where demand is already high. that is why the new laws have stopped outbidding as they can already see this happening with the lack of housing available. like the gazumping that had happened back when, when the property market was buoyant.
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Who are the landlords going to sell to? Do you think numbers of new people coming into the country looking for rental houses will increase or decrease in the current political climate? If rents are already falling, and landlord insolvencies are up 28% already, when are the rents going to go up and when is the demand going to start, and where is this demand coming from?
In your scenario, with hundreds of thousands (millions?) being made homeless as houses disappear (where do the houses go?) there would be civil unrest and a Reform government within weeks, if you look at other forums the only landlords selling are the ones doing serious price cuts.
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landlords are selling up ( so the number of properties available reduces, knock on effect is it becomes more difficult to rent not easier.
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It appears that larger landlords who run everything through limited companies will continue.
It's the small landlords enticed into B2L in the 80s and 90s that were told "get a B2L as your pension fund because there won't be a state pension for you" that are baling out.
In a matter of months this current government have taken away any security for LL, so literally what is the point.
paying a higher rate of tax on income rather than profits was a blow. So my rental will no longer be a pension but a burden.
I hope to sell my flat to someone looking to get on the property ladder. But then again I hope another LL buys it and let's the couple in there stay.
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Rents are still going up, and there's still an average of 10 applications per rental, so I don't think landlords are going to be desperate any time soon:
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/december2025
I know you claim you see lots of rental signs everywhere near you, but IIRC you're in a studenty part of Edinburgh and the rental market there is totally skewed by short term rents. Letting agencies in Edinburgh also have bad form for having signs up for rentals that either aren't available or aren't available yet, so that they can redirect you when you apply.
My anecdotal evidence counters what you see; one of my staff is trying to move out of home into a rental and has already lost out on 4 flats despite having a decent job and meeting all of the criteria.
Where do you see landlord insolvencies being up 28%? 28% of what?0 -
not sure where you are looking but the rents are going up, not down as there are less properties available for rent. they have all been sold or are currently on the market.
they get bought by people with money, not the rich landlords but those who still have money that want a larger property or who had shared a property. those who help their kids onto the property ladder, who are still living at home.
the majority of people who rent have little money and so unless we get an absolute market crash, they still will not be able to buy these properpies, even though they are cheaper than before. they are still unaffordable.
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And everybody else just gets on with it as two thirds of landlords don`t plan to sell?
As immigration numbers fall you don`t need so many landlords, same reason so many EA`s are going bust as house sales fall, they are not needed!
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https://thenegotiator.co.uk/news/rental-market/buy-to-let-repossessions-jump-more-than-a-quarter-lenders-reveal/
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