The UK Government has confirmed it does not track the number of landlords leaving the private rental sector, according to a Parliamentary response from Housing Minister Matthew Pennycook.<\/p>\n
In response to a question about annual landlord exits since 2020, Pennycook stated: \u201cMy Department does not hold the information requested.\u201d<\/p>\n
The Minister directed inquiries to HM Revenue and Customs data, which records landlords declaring rental income. According to HMRC statistics, 2.86 million unincorporated landlords declared income from rental properties in England during the 2023-2024 tax year.<\/p>\n
Jeremy Leaf, a north London estate agent and former RICS residential chairman, questioned how the Government can assess policy effectiveness without landlord exit data.<\/p>\n<\/p>\n
\u201cWithout recourse to such records it must be difficult to assess the efficacy of the Renters\u2019 Rights Act, as well as other regulation and its wider impact,\u201d Leaf said.<\/p>\n
He noted the impact extends beyond landlords to tenants facing displacement. \u201cIt\u2019s not just about landlords, of course, but the impact on tenants and disruption to their lives of having to leave sometimes very comfortable accommodation at relatively short notice and the difficulty of replacing it at anything like similar rent.\u201d<\/p>\n
Leaf reported that his offices are \u201cnot losing as many landlords as we had feared although many are still to make up their minds as the deadline looms and existing tenancies come up for renewal.\u201d<\/p>\n
The absence of comprehensive data on landlord exits raises questions about the Government\u2019s ability to monitor the private rental sector\u2019s health and the impact of regulatory changes on housing supply.<\/p>\n","protected":false},"excerpt":{"rendered":"
The UK Government has confirmed it does not track the number of landlords leaving the private rental sector, according to a Parliamentary response from Housing Minister Matthew Pennycook. In response to a question about annual landlord exits since 2020, Pennycook stated: \u201cMy Department does not hold the information requested.\u201d The Minister directed inquiries to HM […]<\/p>\n","protected":false},"author":1,"featured_media":3913,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2],"tags":[],"class_list":["post-9553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n