Yes, I have done the same with one of my properties. Using S21, I have got the tenants to terminate the tenancy today after 12 months.
I have good intention of selling after getting necessary work done. Depending on how much work is there to do, I hope to sell within 6 months to owner/occupier.
If not, I shall keep as the rent has a very good yield.
The legislation of s21 ban has not happened so I do not believe the tenants can come back in a years time to haunt me.
My understanding under RRB is that if a sale is reversed it can’t be rented out again for 12 months.
It seems ridiculous that even with the best intentions to sell , maybe no one comes forward to buy and so the property owner then decides, through necessity, to re let the property, providing much needed accommodation in a stretched PRS but government policy will not allow this, and so the house stands empty.depriving someone of a home. Who thinks this stuff up , a school kid ?
It will lead to more unoccupied homes.!
Adding further to the rental crisis….
Who comes up with this stuff ???
The same idiots who decided years ago to sell off council housing at discounts and still allow housing associations to sell
Rachel Reeves bowed to corporate landlords in her Budget just as she mounted a fresh raid on ordinary families with incomes from second properties.
Private landlords now face tens of thousands of pounds in additional bills, from tax to licensing and energy improvements – while build-to-rent developers are on track for a £3bn windfall.
Many of these firms – which include FTSE 100 companies and even banks – have long lobbied successive governments in an effort to squeeze smaller, private landlords out.
Behind closed doors, Labour tends to be supportive of build-to-rent – but not in public,” one industry insider told The Telegraph.
Some Labour politicians have already staked a claim in the corporate landlord market. London Mayor and “renters champion”, Sadiq Khan, has said he wants to raise £187m come 2030 by building rental homes near Transport for London (TfL) stations.
To achieve this, Mr Khan needs to more than quadruple the number of rental homes on TfL’s books, from 4,000 to 20,000, by 2031. As of this year, TfL had started building 4,000 rental units – of which only around 1,500 have been delivered to date.
Dan Wilson Craw, of campaign group Generation Rent, said profit-driven institutional landlords had been linked to “unaffordable rent increases”.
He said: “Some tenants have had better experiences than renting from individuals with a small portfolio, but being corporate doesn’t inherently equate professionalism and long-term tenancies.
“While some pension funds [investors of build-to-rent] appear committed to longer tenancies, with limited annual rent rises, we’ve heard reports of other investment funds seeking to maximise profits through unaffordable rent increases and evictions.”
Build-to-rent flats are often advertised as being [“more energy efficient] than private rental homes, but as some residents in Wembley have found out – that’s not always the case.
[Speaking to The Telegraph earlier this year,] tenants of Quintain Living – a US-owned company – said they were paying 86pc more for their energy bills than the average Londoner.
This was in spite of the company advertising average savings of “56pc” on utility bills, thanks to every flat boasting an energy performance certificate rating of “B”.
A Quintain spokesman has since blamed a planning consent order, which required the developer to build two district heat networks to supply heat and hot water to the buildings.
In another case in Croydon, south London, residents in one of L&G’s £3,000 a month “luxury” build-to-rent developments have spent the last year fighting for better living conditions.
Reports from My London and Inside Croydon in September quoted some of the 251 tenants whose pets had even fallen ill from mould, which was first exposed by campaigner Kwajo Tweneboa.
Only have experience of this in Scotland. Was looking to downsize part of my portfolio - the sale fell through at an advanced stage by which time the market had dipped. I have re-let the property. I believe the ‘genuineness’ test is being able to prove, if necessary, to a Tribunal that the property has been actively marketed, preferably via the selling agent, the seller has commissioned a home report and in my case there was a fine paper trail of evidence of through the 2 solicitors of the conveyancing process up to the point the purchaser could not complete.