Current yields for investor purchases

Landlord Discussion
21

It was taken from AI summary in google based on search “when will 12 month ban on letting apply if selling start from”

It references legal firms confirming this. It is AI which is why i put I think..

22

Ok this makes sense - just to clarify when and why does the S8 expire? (Just so I understand it correctly)

23

this is what I’m trying to find out - I’ve emailed the gov.uk site and waiting for a reply…

24

I think that’s a different thing - tenants aren’t benefitting from a 12 month empty property rule.

25

In May this year the terms will change due to the RRA, but its not a new tenancy, so the qualifying 12 month period for ground 1A will have begun in May 2025 and a four month ground 1A notice can be served in May 2026.

26

It’s the 12 month ban from re-letting if a sale falls through that I’m worried about. When does that begin and end.

27

It begins from the moment you serve the notice whether or not you use it to evict the tenant.

28

Ok so not from when the tenant moves out? So I could serve the notice this May, and the 12 months ban would also be from this May, regardless of when they move out?

29

I’m sorry. I don’t understand your point here. What’s a different thing?

30

I think you’re talking about tenants being protected for 12 months from the start of their tenancy, where a landlord can’t sell. I’m talking about the 12 ban from re-letting if you evict someone because you want to sell, which means you have to leave the house empty for 12 months. My house sale fell through twice last year, and I can’t afford for that to happen again so need to know when this 12 month ban from re-letting takes effect.

31

nope… in my most recent reply to you I’m talking about how long you have to wait to relet it:

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32

oh right. I didn’t see that reply. I’m trying to find out when the 12 months starts. Thanks for any intel!

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33

I have looked into this for my uncle, 20 to 40 % discount is what potential purchasers are looking for on the market price. As the market is flooded with these the “investors” are being very tight and looking for bargains. I would sit tight for now.