A lettings agency states there is not a mass exodus of private landlords selling up.

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The agent confidently claims that from its own small survey of landlords with 380 properties it provides “a more nuanced perspective than previous reports have suggested, highlighting both positive and negative sentiments towards the proposed reforms.”

In the agents statement it says: “Contrary to some reports indicating a significant exodus of landlords from the market, our survey of landlords representing 380 properties found that a majority remain optimistic about their investments. The survey revealed that 68 per cent of landlords intend to maintain their current property portfolios, while six per cent are considering expanding their investments.”

The landlords who considered selling properties 52 per cent said it was because of government policies, 25 per cent because of financial and economic factors and 23 per cent because of "personal circumstances unrelated to income”.

The agents says ’its findings suggest “varying perspectives” on the Renters Reform Bill which has just passed its Second Reading.

However the agency did admit that 60 per cent of landlords believe the Renters Bill will badly affect them as property investors, whilst just 6 per cent believed the Bill is a positive for the sector. Nearly half of the landlords think it will be in the tenants favour whist 14 per cent think it will have a negative impact on renters. 

The national lettings managing director, says: “It is clear from the survey we have conducted that landlords are still very much invested in the lettings industry, with 74 per cent of them planning to continue with their portfolios, providing much needed homes.”

The survey also found that Section 21 eviction usage remains infrequent as 79 per cent of respondents had never used it, whilst 13 per cent had on occasion used it in the past but not in the last 12 months.