We asked 1,500 landlords
what it's like to be a
landlord in 2023
Our Landlord Report is a detailed analysis
of the UK’s buy-to-let market, covering
the key issues facing the nation’s landlords.
With major rental reforms on the horizon
and rising costs to manage, it’s no surprise
that many landlords are worried about
the future of the buy-to-let market.
Despite this, they continue to provide
much-needed accommodation for
millions of people.
Landlord
Report
2023
By
After a four year wait, the government finally published draft legislation of the Renters’ Reform Bill in May 2023. As the bill makes its way through parliament before becoming law, we asked landlords about the impact it could have on the rental market.
Rental reforms
63%
think landlords will have to increase rent if it becomes easier for tenants to keep pets
Our interactive heatmap reveals where the highest proportion of landlords are planning to buy or sell properties in the next year.
Buying and
selling hotspots
Heatmap
>0%
>5%
we asked whether they were
planning to any buy-to-let property in the next 12 months...
buy or sell
25%
are planning to sell
3%
are planning
to buy
Download
the full report
>10%
SELL
Scotland
15%
North East
5%
Yorkshire and
the Humber
8%
East
Midlands
6%
East of
England
12%
South
East
10%
South
West
18%
West
Midlands
6%
Wales
6%
North
West
6%
Northern
Ireland
2%
54%
said the Renters’ Reform Bill
is the single biggest threat
to the rental market
20%
of landlords planning to sell a property are doing so because of new legislation
49%
London
6%
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315,000
think abolishing Section 21 evictions will cause landlords to sell up and leave the buy-to-let market
54%
BUY
Scotland
9%
North East
7%
Yorkshire and
the Humber
7%
East
Midlands
7%
East of
England
12%
London
9%
South
East
14%
South
West
10%
West
Midlands
6%
Wales
13%
North
West
8%
Northern
Ireland
1%
0
Percentage of landlords
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landlords
surveyed
Increased regulation impacts
responsible landlords, but has
little effect on the rogue landlords
it’s aimed at. Enforcing existing
regulations on rogue landlords
is what’s needed, not more regulation!
Landlord
South West
Despite increasing costs, I’m in favour
of the government’s plans to allow pets and legislate evictions. Tenants deserve
good, safe homes and landlords
have a duty of care.
Landlord
London
Successive governments have interfered with buy-to-let regulations and taxes
and it just makes it substantially more expensive for tenants and reduces the renting stock, which again inflates
costs for tenants.
Landlord
West Midlands
There’s a blanket demonisation of landlords. While some do seem to
be taking advantage, some of us are
treating tenants well by not hiking
rents even though costs are increasing.
Landlord
South East
Despite a challenging landscape, half of landlords still think
buy-to-let is a good investment.
However, due to issues such as rising costs and changing legislation,
two thirds are concerned about the future of the rental market.
From rogue landlords and government intervention, to rising costs and pets
in properties, here’s an overview
of how landlords are feeling...
50%
66%
Economic conditions putting a strain on the rental market
2021
2022
June 2021 | 2.5%
Average fixed-rate buy-to-let mortgage
Inflation
Interest rates
Inflation
Aug 2021 | 3.1%
Inflation
Oct 2021 | 4.2%
Inflation
Dec 2021 | 5.3%
Inflation
Feb 2022 | 6.1%
Inflation
Apr 2022 | 9.0%
Inflation
June 2022 | 9.4%
Inflation
Oct 2022 | 11.0%
Inflation
Dec 2022 | 10.5%
Inflation
Feb 2023 | 10.4%
Inflation
Apr 2023 | 8.7%
Inflation
June 2023 | 7.9%
Inflation
Aug 2023 | 6.7%
Inflation
Aug 2022 | 9.8%
Inflation
Click on the data points to interact with the graph
Source: Bank of England base interest rate
Source: The Consumer Prices Index (CPI)
Source: Moneyfacts
2023
June 2021 | 0.1%
BoE base interest rate
Aug 2021 | 0.1%
BoE base interest rate
Oct 2021 | 0.1%
BoE base interest rate
Dec 2021 | 0.25%
BoE base interest rate
Feb 2022 | 0.5%
BoE base interest rate
Apr 2022 | 0.75%
BoE base interest rate
June 2022 | 1.25%
BoE base interest rate
Aug 2022 | 1.75%
BoE base interest rate
Oct 2022 | 2.25%
BoE base interest rate
Dec 2022 | 3.5%
BoE base interest rate
Feb 2023 | 4.0%
BoE base interest rate
Apr 2023 | 4.25%
BoE base interest rate
June 2023 | 5.0%
BoE base interest rate
Sep 2023 | 5.25%
BoE base interest rate
June 2021 | 3.3%
Avg BTL mortgage rate
Sep 2021 | 3.59%
Avg BTL mortgage rate
Dec 2021 | 3.18%
Avg BTL mortgage rate
Feb 2022 | 3.18%
Avg BTL mortgage rate
Apr 2022 | 3.41%
Avg BTL mortgage rate
Jul 2022 | 4.3%
Avg BTL mortgage rate
Sep 2022 | 4.67%
Avg BTL mortgage rate
Nov 2022 | 6.76%
Avg BTL mortgage rate
Jan 2023 | 6.28%
Avg BTL mortgage rate
Mar 2023 | 5.78%
Avg BTL mortgage rate
May 2023 | 5.56%
Avg BTL mortgage rate
Aug 2023 | 6.79%
Avg BTL mortgage rate
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Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.
Insurance
About
Customer Support
Address
Careers
Benefits
Legal
Knowledge
Public liabillity insurance
Business insurance
Professional indemnity insurance
Careers at Simply Business
Tech careers
Current opportunities
Benefits
Refer a friend
Finance
Employers liability insurance
Landlord insurance
Tradesman insurance
Self-employed insurance
Restaurant insurance
Commercial van insurance
Insurers
About us
Our team
Awards
Press releases
Partners & affiliates
Our charitable work
Contact & support
Sol House
29 St Katherine's Street
Northampton
NN1 2QZ
6th Floor
99 Gresham Street
London
EC2V 7NG
Policy renewal
Make a claim
Proof of policy
Terms & conditions
Privacy policy
Cookie policy
Terms & conditions
Privacy policy
Cookie policy
Knowledge centre
Opinions
Microsites
Vuln Discolsure polcy
© Copyright 2023 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.
Complaints
Accessibility
Modern Slavery Act
Section 172 statement
Social media
Site map
Subscribe to our newsletter