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Landlords rush to sell as LRU lobbies government: “It's time to put people's lives before landlords' portfolios"

It seems it’s one thing after another for landlords, as they rush to take action ahead of the new Renters' Rights Bill - one of the biggest overhauls of the private rental sector.

The bill, which is due to become law, will ban Section 21 "no-fault" evictions, allow tenants to challenge what they might see as unfair rent increases, and make it illegal to discriminate against prospective tenants on benefits. Amongst other things, it will also allow tenants to request pets, whether or not landlords are comfortable with them in their properties.

The bill has caused panic amongst landlords, with a spike in numbers looking to sell before the year ends.

Additionally, increased taxes and rising interest rates on buy-to-let mortgages have made the sector ever more challenging for landlords, squeezing them in a market which has already seen profits substantially decline in the last 10 – 15 years. Put bluntly, if you were a landlord contemplating selling, or are in any financial distress, now’s the time to act.

By selling now, landlords can cut their losses before the bill and in a more favourable market environment. Ultimately, selling now, even if the average you’ll likely to be able to sell for is 90% market value, is going to be a huge bang for your buck compared to 90% of the market value come 2026.

For many landlords, it’s an easy decision, and there’s still time to get out all the money that landlords have ploughed into their properties over the last decade. In fact a survey from the National Residential Landlords Association (NRLA) found that 23% of landlords planned to sell at least some of their buy-to-let properties in the next 9 months.

Whilst there are many options to selling your buy-to-let portfolios and properties, time is of the essence, and has never been a more relevant factor than now. It’s why over 150 landlords per month are approaching us at Landlord Sales Agency wanting to sell, fast, and there’s a good reason they’re coming to us: on average, all our properties sell in just 28 days.

What’s more, as well as selling fast, we sell for the highest prices, encouraging a bidding war between our private database of over 30,000 buyers, the top property buying companies, private funds and first time buyers.

We understand that many of you are scared of the upcoming changes, but there’s a way out and we’re here to provide it, as profitably as possible so you can move your investments elsewhere with the highest amount of capital in the bank.

If you don’t like the prices you get, you don’t have to sell, so there’s every reason to get in touch and let us help you.

That’s why so many landlords are coming to us. And we’re delivering.

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