Navigating the changing landscape for property landlords and the opportunities it brings

For landlords it’s been especially tough recently due to increased Stamp Duty Land Tax (SDLT), changes to Capital Gains Tax (CGT), and a growing list of additional regulatory requirements. All of which have led to news articles highlighting an exodus of property landlords which has naturally left many questioning their future.

However, while these changes will likely require landlords to make adjustments to the management of their portfolios, the overall landscape is much brighter than the headlines would let you believe.

Change is unrelenting

We speak to landlords every day and some of them are telling us that they’re selling up and moving on. Rising taxation costs, complicated regulations and the threat of further changes next year has caused many to rethink their plans. However, for every landlord that’s leaving the market, another is taking their place and starting out on their property journey.

It’s worth noting, that this isn’t a new position to find ourselves in. For several decades, all areas of the property market have seen big highs and dramatic lows, but it still remains an attractive investment option for many. It still offers security, growth prospects and opportunities for making a profit, you just need to be savvy with how you manage your assets. 

History shows that there have always been hurdles for landlords, but they can be overcome. Over the past eight years alone, landlords have faced a barrage of new regulations and tax changes. From the original 3% stamp duty surcharge introduced in 2016 to the new Renters' Rights Act, recent reductions in Capital Gains Tax allowances, not to mention the looming EPC regulation changes, landlords have undoubtedly felt the pressure.

How property auctions can help

In the fast-paced property auctions market, we’re used to handling both vacant and tenanted property transactions and making them as simple, transparent and efficient as possible. 

For those landlords who have decided to exit the market, property auctions could be the route to securing a hassle free and quick sale. Nationwide marketing, competitive bidding and a fixed completion date are all attractive benefits for those who want to leave as quickly as possible.

But for landlords who are staying the distance, auctions can also be an excellent platform for adding to your portfolio. Whether it’s an investment property, a renovation project or tenanted house to add to your portfolio, auctions can help identify the right asset for you.

And don’t forget, properties can be sold by auction with tenants in situ and if they are vacant. Some landlords are looking for a ready-made income and to add a new property immediately to their portfolio. They may be exclusively searching for tenanted properties so avoid the temptation to make your property ‘ready for auction’ by getting rid of any tenants and clearing out the property for inspection. Equally, some investor buyers might be looking for a property they can renovate and add value to, so a vacant property could be ideal.

In short, any type of property in any condition can sell well at auction, so don’t worry about getting ready for the auction – property auctions are already prepared and waiting for your property.

The outlook for landlords

So, what does the future hold for landlords and the rental market. It’s the million dollar question we wish we all knew the answer to. What we do know though, is that the market will continue to change and evolve, and we will continue to adapt with it. Every change comes with opportunity, and we’re working hard with our customers to maximise these opportunities and embrace all the property market has to offer.

People will always need somewhere to live, and individuals will always buy and sell properties. Some landlords will depart but the rental market is far from shrinking, and new landlords joining the market are adding a new and exciting dimension for the future, ensuring its robustness and helping address the needs of its tenants.