The number of landlords selling up has hit record levels, leading property buying firm National Residential has reported.
The company says this has been prompted to a significant degree by the long-standing uncertainty within the private rented sector created by the Government's ongoing regulatory changes and the withdrawal of tax relief on mortgage interest payments.
TV star and PRS figure Paul Shamplina will be discussing these headwinds during a free webinar on 30th May at 10am alongside David Coughlin, Director of National Residential.
They will also discuss how many landlords are worried by the recently-revealed Renters (Reform) Bill, which will significantly increase the level of compliance required to operate rented properties.
This includes registering with a national property portal, joining a redress scheme, complying with a new Decent Homes Standard, facing more expense and admin when evicting tenants and dealing with the introduction of open-ended periodic tenancies.
As LandlordZONE has reported, despite many campaign groups accusing landlords and letting agents of scaremongering or exaggerating the exodus, several housing ministers and the Home Office have admitted their policies are softening the appetites of buy to let investors and leading to higher rents.
This all comes on top of the ongoing debate over EPC upgrade costs, which are likely to be a financial stretch for landlords with big mortgages or those in areas where property values are low.
Shamplina and Coughlin will also discuss how these challenges are affecting different kinds of landlords depending on their portfolio size, age and where their properties are located, and the likely consequences of this all further down the line.