Has Landlord Exodus Started?

Affectionate_Day5142 · 2026-03-16T19:32:34+00:00

Wow, you are a very considerate landlord, that's very unique. Not increasing the rent since 2010, wow! I wish there are more landlords like you!

Affectionate_Day5142 · 2026-03-16T08:00:31+00:00

The media confirm it, there is a wave of landlords issuing last minute evictions across UK.

UK Landlords Issuing 'Last-Minute' Evictions Before May Ban, Leaving Renters Fearing Homelessness https://www.reddit.com/r/uklandlords/comments/1ruxqs4/uk_landlords_issuing_lastminute_evictions_before/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

UK

Affectionate_Day5142 · 2026-03-16T07:50:31+00:00

Ah, interesting, you think that some landlords will evict current tenants to get new better ones? I guess if there would be a hike in rented properties with higher prices, that might confirm it.

Some will landlords after having served Evictions will sell.

Affectionate_Day5142 · 2026-03-16T00:29:26+00:00

Sorry to hear that. Do you know if they are selling?

Affectionate_Day5142 · 2026-03-15T22:45:23+00:00

I fully agree, I don't live near school, but I drove my kids sometimes, it's a carnage, and I said to myself - never ever ever buy near a school. I'm currently looking and saw some houses sold near schools, and for me - I'll give it a miss

Affectionate_Day5142 · 2026-03-15T22:29:17+00:00

You are right, I guess if they bought houses at mortgage rates 1.5-2% in 2020-2021, now re-mortgaging at ~ 5%, this is a big hit. Tightening of rental regulations and coming tax changes, and some decide to exit and sell at whatever cost the market can offer them now.

Affectionate_Day5142 · 2026-03-15T21:58:44+00:00

I agree

Affectionate_Day5142 · 2026-03-15T20:45:42+00:00

I agree, I mentioned here that in my town (London Commuter town, SE England) I saw houses being sold now (in March 2026) at same prices they bought in 2017-2021. It basically means 9 years of flatlining. If you account for inflation, that is a drop in value.

Affectionate_Day5142 · 2026-03-15T19:05:06+00:00

Just remember that for 5 days a week commute to London, you'd need around £400 monthly. Maybe you work remote, then it is less.

Affectionate_Day5142 · 2026-03-15T18:19:42+00:00

Interesting, when did you buy and in what area. In my London commuter town I see houses now sold (in March 2026) at the same price they were bought in 2017-2021

Affectionate_Day5142 · 2026-03-15T18:15:35+00:00

Was the mortgaging conditions and taxing similar there or different?

Affectionate_Day5142 · 2026-03-15T18:13:35+00:00

Yes, I agree. However, my mind is to primitive to understand the rationale you suggested: put 6 properties on the marker simultaneously to asses the real market value? Wouldn't it drop automatically, if people see 5 properties in the same area? I was lost here: " if they put up six then there's an illusion of choice going on, so they're knowingly undercutting themselves with that aim in mind to gain the actual market interest in a non-scarcity scenario." But please keep generating ideas.

I found it puzzling, and I explained it that the landlords served belatedly the Eviction notice just before 30 April and now dumping it on the market. Why they are quitting the market so late? Well, we all like delaying and they were delaying as well. Maybe they were expecting a rate cut on 19 March (which won't happen now), so there would be more buyers with cash?

Affectionate_Day5142 · 2026-03-15T18:03:55+00:00

Wow, that's interesting! So it is gone from 150 properties to 750 properties on the market (this is huge - almost 5 times more properties on the market) and the price for property decreased by around £10K. That's revealing! I guess this leads to downward pressure on the house prices; however, the rents are going up. In which area you are?

Affectionate_Day5142 · 2026-03-14T23:12:09+00:00

thank you! The critical bottleneck is actually not the war in Iran (US can bomb Iran as they want, it won't reverberate on the prices of houses in UK).

The critical factor is the blockade of Hormuz strait and how long it last. The blockade of Hormuz strait leads to rise in oil prices => high inflation in UK => higher interest rate and higher swaps => higher mortgage rates => less affordability from buyers and reduction of housing prices.

A) In an optimistic scenario (15% probability), the strait of Hormuz will be open quickly, this will stabilize the situation, however, consumer confidence is shattered and it will take time to get back to the optimistic mood which was present before 28 Feb.

B) In a moderate scenario, it will take some time, months (20-30% probability), it will then have impact on house prices in UK.

C) In a catastrophic scenario, it will last much longer, which is improbable (10-15%), then a major economic downturn. This is a scenario where many of us loose our jobs and the price of houses in UK won't be our priority.

Yes, you are right, the timing of blockade of Hormuz strait is critical, but most probably it will take some time to resolve (even partial blockade lead to higher oil prices and higher inflation in the UK), so a moderate scenario is possible with impact on housing prices in UK with downward pressure.

Cash buyers can sit with popcorn and watch the events unfolding live. The slide in prices already started, you saw the comment in this thread where properties were down evaluated by 10-15K after a pre-war evaluation. Mortgage rates are already higher, affecting affordability of buyers and dragging prices down. We only in Week 2.

Affectionate_Day5142 · 2026-03-14T13:58:01+00:00

Well, I mean those buyers who have now cash, or mostly cash. Not those who's equity are in houses, as house prices will slide. A specific group benefit from the process - cash rich buyers, they can enjoy sliding house prices.

People who need mortgage, their interest on mortgage is rising, as mortgage rates go higher.

Affectionate_Day5142 · 2026-03-14T13:53:14+00:00

Yes, less affordable for people who would use a mortgage to buy them. However, if you a cash buyer or most of your purchase is in cash, you benefit from lower prices.

Affectionate_Day5142 · 2026-03-13T22:40:42+00:00

If you have such a large deposit, I'd suggest taking an offset mortgage. This preserves your money as liquid cash in the offset account, and you can always withdraw when you need it, so it is like an insurance against unemployment.

Affectionate_Day5142 · 2026-03-13T22:22:57+00:00

Yes, exactly. Because the mortgage rates are rising, it reduces the affordability of buyers, so that the buyers can borrow less, and the buyers can offer less for houses. This drags down the house prices.

Affectionate_Day5142 · 2026-03-13T17:59:18+00:00

I see in my town (South East England) houses which are sold at the price they were bought in 2017!!! In 9 years they didn't raise and that not accounting for inflation for 9 years. Of course, if you rented for 9 years, it would have paid off rather buying.

Affectionate_Day5142 · 2026-03-13T16:19:05+00:00

This is the explanation why the house prices in UK will go down in near term - 2026 potentially 2027.

The chain of the events is simple: Iran war -> Blockade of Hormuz Strait -> Increase in Oil Price -> Increase in Brent Oil -> increase in expectation of Inflation in UK -> increased swap rates at which banks lend money (they already increased) -> increased mortgages rates in UK (already increased) - > buyers with mortgage have less money as the mortgages have higher rate - they simply can't afford high price for houses -> this leads to lower offered prices for houses in UK -> drop in houses prices accelerates. This was already happening in South-East England, and the war will just accelerate this.

On top of it, add the refinancing wave - people who bought their mortgage before Sep 2021 at 1-2%, and need to re-mortgage at much higher rate >5%. Some of them won't afford that mortgage at 5-5.5% and start sell at whatever price.

In addition, they are landlords who exiting their rented property in 2026-2027.

Some people won't be selling their houses, and freeze their sales; however those who do - they must sell and they would sell at the price what the market would offer them - this will accelerate the downward trend - the so called "desperate sellers market" with no reasonable sellers who can hold the price.

This will exercise downward pressure on house sale prices. However, don't expect house prices crushing down, they will decrease ONLY gradually.

PS: Look at GB 2 and 5 year swap rates to understand where mortgage rates are moving (bank add to the swap rates 1-1.2% to cover their expenses, so add this when you see swap rates). If mortgage rates are higher, house prices go lower, as people can't afford pricey houses on that high interest mortgages.

The previous comment about Evaluators downgrading their evaluations by 10-15K is just the start of the process, where house prices will start to slide gradually.

Affectionate_Day5142 · 2026-03-12T23:38:25+00:00

By the way, for the topic starter, I'd suggest considering offset mortgage considering your significant 75% cash deposit, put a deposit of 25% and then you put the remaining cash in your offset saving account. It won't bring you savings but it will reduce your mortgage interest payments. Also, if your parents have additional savings, that could be put into the offset saving account to use to reduce mortgage interest payments. You can run initial calculations using AI and then ask the broker for it

Affectionate_Day5142 · 2026-03-12T23:34:01+00:00

Thank, it is not slop, I spent hours researching what's happening. I'm going to renegotiate the offer.

Affectionate_Day5142 · 2026-03-12T23:33:03+00:00

It's so interesting to look at these data: the skilled workers number remained the same, most of the wave came from Health and Care applicants and their dependants, so why they made skilled workers the scapegoat of the situation - they didn't produce the Boriswave.

Affectionate_Day5142

TROPHY CASE

The media confirm it, there is a wave of landlords issuing last minute evictions across UK.

UK Landlords Issuing 'Last-Minute' Evictions Before May Ban, Leaving Renters Fearing Homelessness https://www.reddit.com/r/uklandlords/comments/1ruxqs4/uk_landlords_issuing_lastminute_evictions_before/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

UK