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What do you think of the big housing corporations/landlords?
I suspect they push out the "little" ones as well. Could be wrong.
JWestland-
What do you think of the big housing corporations/landlords?
Honestly, I think the rental sector it is best controlled and run by professional business.
They would be easier to regulate and be able to have the infrastructure to provide a decent level of service. They would also be more likely to have the capital and stability to move towards longer, stronger leases. They could use their economies of scale to weather lower profit margins on each property.
God forbid the state could even set up a competitive equivalent using its epic monopoly of scale.
hugo7
People would just do it under the table. Or you adjust the rules on absentee landlords, or whatever it's called by HMRC.
This is the boat we are in. Currently making a small loss if we weren't returning, next year it would be a slightly larger loss due to the tax changes.
Granted our original mortgage was never intended to be for a BTL investment, so it's not the best benchmark but I'm not sure sure how many people could go out today and make a decent return on BTL.
EDIT : obvs not doing anything under the table, as it isn't worth it.