Did most landlords actually expand their portfolios in 2023?

Horsefeathers! 🤣
If that were true there would be more properties available to tenants and rents would not be riding. In the real world, not the one inside Chris Kirby’s head, there are many more applicants than tenants and rents are rising. 👍

Another vested interest spouting bo**ocks - there are a significant number of ex rentals on Rightmove in my area for sale - it is deffo going the other way

• Responsible Landlord
• 30 January 2024 09:20 AM

Yes, it’s the same in our area

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Our daily dose of 5 essential anti-landlords fodder.
Another Licensed renewal for the fourth time last night £1’350.00 thank you, Oh sorry you haven’t done your first yet.
Several hours to do after 2 weeks of trying. failing & several emails to Council even though they had given a reference number back then.
Then advised to make a new Application as my license had expired but it hadn’t.
Then told you can’t make a renewable Application there’s a problem with the old System.
WELL DONE META STREET meddler who ever you are muscling in running Council Business destroying landlords.
Anyway to make a long story short I completed a new Application. Now I am advised I needed to apply for a Re-license that’s not possible to do, 3 months before old one expires.
Incidentally did you know there’s a Public Register of HMO Licensed properties, go on then have a look, maybe not there’s £100.00 fees, they are really taking the peas.

If you remove the word “ expand”, and replace it with “ reduce”, then that’s what I did 😂💵

This one would very much liked to have don so, but it would be very foolhardy to do so at present

Not believing that for a second. Sold 4 in the last year and will be selling more this year. When you have Scotland frustrating the legal process to be able to sell your own property in effect forcing you to hold then It becomes a risky asset class. Labour will do the same

Maybe 52% of their clients, but they haven't surveyed all landlords, so there is no way they can make these claims. Their clients will not be typical of all landlords, for a start many don't have a mortgage. They are just trying to generate confidence and thus more business for themselves.

What a load of cr*p!! No mention of the cr*p legislations and hoops we have to jump through, lack of control of our own properties etc as being some of the reasons Landford are selling.
Chris Kirby of The Mortgage Lender..You are talking a loaf of tosh!!! Sounds like you are trying to convince us that being a landlord is still a viable proposal...it's not! This landlord is selling up! Put that in your pipe and smoke it! 😉

Utter tripe! So obviously fake news!
Unlike their ‘survey’ the truth is, this is just another bruised mortgage lender trying desperately to rebuild their plummeting BTL book.

Been offered seven properties in the last six months and a polite refusal on all of them, Pre RRB and Gove I would have bought at least three of them. All of them BTL landlords wanting out.

If 74% of Landlords are confident of the Private Rental Sector. Why in the same article have 31 % sold and another 33% planning on selling.
And apparently we have not been discouraged by increased interest Rates , Taxation. and a couple of hundred rules and regulation's.

I see a lot of properties for sale either with tenants or empty ones. So my experience is opposite to what this article states. They just are trying to build confidance in the market, resulting in more business for them. A lot of brokers are calling me from woodworm, never dealt with them asking if I am purchasing more properties or remortgaging as the market is dead for fresh purchases. This loony bin thinks we are gullible LL's. When I said I shall looking to remortgage towards the end of 2024, they said they will phone in September, even though I kept saying I shall not look until November as that gives me at least 3 months before I need to remortgage. I know first hand it is a slow market for remortgaging as well, let alone new mortgages, which are dead, a thing of the past. My nephew was considering buying early 2023. He did his sums and realised he would only make £100 a month, without any repairs, maintenance costs, taxes etc, so he decided it was not worthwhile for them.

I added 4 to my portfolio last year, another 3 this.

Many landlords who remain are still increasing. Whilst there are many negatives, the rental income has gone through the roof.

Personally I believe the massive tenant demand is not so much about less rental stock, and more about the extra 1.4 million who have arrived in the last two years!

I had no rent for December last month on one house and should have had Januarys rent a few weeks before now but they were all able home over seas for Xmas future is going to be a
struggle. Never mind I keep it licensed and everything compliant for them.

• Andrew townshend
• 30 January 2024 17:39 PM

I was 200 short on December's rent on a 2 bed flat over a shop, supposed to be made up on Jan's rent but of course it hasn't been, I am increasing her rent from 525 to 575 a month, if she doesn't pay it'll be a sec 8 next month , flat is worth an easy 600 a month to a new tenant

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The thing is when it starts slipping it builds up quickly then they won’t want to pay it anyway like my last lot they were £6’200. behind so they move on rather than pay. Then add licensing Compliance renewal, all the Certification Certs & licensing Application fee while no income coming, if there’s a lender breathing didn’t your neck which is most likely do Mr Gove take this into Account with a silver spoon in his mouth.

I bought 2 in 2022, none in 2023 and in current conditions, I want to sell at least 1 in 2024. I had the money in cash to buy a few more this year but it went into a 12 month high interest account that is earning more than rental income for the next 12 months (excluding house price increases, should they increase).

I'm not buying any more houses until I can see what is going to happen in the next 12 - 24 months. Conservatives already trying to kill off the PRS, Labor will get the job done, so my money is better off in the bank for the next 12 months.

I don't really want to invest in stocks and bonds, but the way the government treat landlords, it may be my best bet to slowly sell off all of my houses and transfer the money to stocks and bonds.

My wife started to do this a couple of years ago and it makes more money than investing in rental houses.

Looking at the way the government treat us, i'm probably going to start selling slowly and follow in her footsteps.

In a few years time, I don't think that the government are going to avoid the general public realize that they are to blame for the lack of PRS rental houses.