Economy The most common kind of business in the UK is Buy-to-Let.

[650lb Sumo]

Spoiler: Link

Buy-to-let firms become biggest single type of business in UK, data shows

Four times more buy-to-let firms than fast-food shops now registered at Companies House as landlords switch set-up to cut tax payments

www.theguardian.com

Buy-to-let businesses have become the largest single type of business in the UK – with nearly four times as there are fast food takeaways or hairdressers.

There are more companies set up to hold buy-to-let property registered at Companies House than any other type of business, according to research from the estate agent Hamptons.

Marking a decade of growth, the figures illustrate the switch in tactics by an army of small-scale landlords hit by the withdrawal of tax breaks for those filing tax returns as individuals.

The number of companies holding buy-to-let property across the UK passed the 400,000 mark in February for the first time. By the end of last month 401,744 companies were registered, as investors continued to move their portfolios from their personal names in an attempt to reduce their tax payments.

That total is up more than fourfold from 92,975 in February 2016, when full mortgage interest tax relief began to be withdrawn from homes owned by higher-rate taxpayers.

Hamptons said if the tax changes had not come into effect, most buy-to-let properties would have remained in personal ownership, where investors declare taxes in their annual self-assessment.

The rise comes despite many smaller landlords selling up due to higher mortgage costs. Last July, the banking body UK Finance reported that the sector shrank for the first time in almost three decades.

The rise in buy-to-let companies has been driven by a record 61,517 new limited companies being set up in 2024, a 23% increase on what had previously been a record in 2023.

There are now 680,000 buy-to-let properties held in a limited company structure across England and Wales, with the number rising by between 70,000 and 100,000 a year. Not all of them are new rental properties – some are being moved from personal names into a limited company owned by the same landlord.

Rentier Capitalism is the epitome of economic parasitism. It's just a softer form of slavery. The 'entrepeneur' buys something that he doesn't want or need (for personal use), and someone else does, and charges the people who want or need it for access. It's repulsive, and it never ceases to amaze me that the public think this is ok, and vote for more every chance they get.

 

[Hellowhosthat]

Cunts. Shouldn't be classed as a business imo.

 

[Flower2dPeople]

Making it hard for locals to buy a proper home while giving free housing to German nationals.

 

[Fossor]

I bet these landlords love UK immigration policy.

 

[Siver!]

I bet these landlords love UK immigration policy.

It's nothing to do with immigration.

It can still be bad and not related to immigration.

 

[Cole train]

Kinda reminds me of monopoly where everyone has bought a square and you just jump from one square to another paying someone money but not owning the square yourself.

 

[Fossor]

It's nothing to do with immigration.

It can still be bad and not related to immigration.

Sure.

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www.pressreader.com

 

[PG29 red0 Jr]

In American english buy-to-let, means purchasing rental property? Like single family homes, or commercial?

This is new?

 

[William Huggins]

The rental market in the UK is a cesspool, it's basically private landlords and parasite estate agencies skimming money for doing fuck all both of which could fall foul of small changes in legislation, it's a stupid business model.......

 

[Siver!]

Sure.

PressReader.com - Zeitungen aus der ganzen Welt

Digital newsstand featuring 7000+ of the world’s most popular newspapers & magazines. Enjoy unlimited reading on up to 5 devices with 7-day free trial.

www.pressreader.com

Well it's a source at least.

Better than most posters.

But no, 'propped' or not, the issue isn't immigration, it's greed and a slack system that let's people easily profit excessively from a basic human right like shelter.

Immigration lol.

 

[Michaelangelo]

In American english buy-to-let, means purchasing rental property? Like single family homes, or commercial?

This is new?

Or an apartment lol

 

[A Very Serious Cat]

The rental market in the UK is a cesspool, it's basically private landlords and parasite estate agencies skimming money for doing fuck all both of which could fall foul of small changes in legislation, it's a stupid business model.......

While the net migration figures continue to run so high in the UK the power is going to stay with the landlords. An accommodation shortage and desperate people leads to landlords getting away with much more than they should

 

[Fossor]

Well it's a source at least.

Better than most posters.

But no, 'propped' or not, the issue isn't immigration, it's greed and a slack system that let's people easily profit excessively from a basic human right like shelter.

Immigration lol.

Are you talking about yourself? Cause I don't see a source which will prove your point.
Also, where did I say that immigration is the only source of problem?


Human rights lol.

 

[Siver!]

Are you talking about yourself? Cause I don't see a source which will prove your point.
Also, where did I say that immigration is the only source of problem?


Human rights lol.

Rent control battle comes to Britain - but do they work?

Scotland and England are divided as two governments seek solutions to spiralling rents. Scottish ministers are embarking on an experiment with bitterly contested regulations - rent controls - an idea rejected by Westminster. Will it help those struggling to keep a roof over their head?

news.sky.com

Fears grow for rent controls as Labour reviews rental sector - Letting Agent Today

A lettings agency chief says there’s growing discussion about rent controls in his area - and he fears this may be a growing national trend under a Labour government.

www.lettingagenttoday.co.uk

There's literally a rent control battle in the UK lol

There are many many sources you can look at.

Measures were rejected... for now. But it's inevitable. Greedy landlords will have to be tackled. There's simply no two ways about it.

This first, then let's talk about immigration. Until then, it's the excuse they wanna use to justify outright greed.

Know much about ground rent in the UK?

Beginning of the end for the 'feudal' leasehold system

The government has published the Commonhold White Paper today.

www.gov.uk

 

[Fossor]

Rent control battle comes to Britain - but do they work?

Scotland and England are divided as two governments seek solutions to spiralling rents. Scottish ministers are embarking on an experiment with bitterly contested regulations - rent controls - an idea rejected by Westminster. Will it help those struggling to keep a roof over their head?

news.sky.com

Fears grow for rent controls as Labour reviews rental sector - Letting Agent Today

A lettings agency chief says there’s growing discussion about rent controls in his area - and he fears this may be a growing national trend under a Labour government.

www.lettingagenttoday.co.uk

There's literally a rent control battle in the UK lol

There are many many sources you can look at.

Measures were rejected... for now. But it's inevitable. Greedy landlords will have to be tackled. There's simply no two ways about it.

No honey, that is not a source. I want an article that says that immigration does not affect the Buy-to-Let. Cause that is exactly what you denied.

 

[cmw43]

It's nothing to do with immigration.

It can still be bad and not related to immigration.

You don't think there's a connection between the limited housing supply and the rapidly increasing population through immigration?

We had a net population growth of 900k in Summer 22 to Summer 23 and over 700k the following year. Most of those people are going to be joining the rental market increasing demand and pushing up prices.

 

[Siver!]

No honey, that is not a source. I want an article that says that immigration does not affect the Buy-to-Let. Cause that is exactly what you denied.

It's the excuse they use.

Let's talk about tackling rampant greed first. Then we can look at the excuses they want us to talk about instead.

Ground rent is a huge factor that hopefully they deal with tomorrow. Then we can look at standard rent rates.

This is what is called a distraction.

 

[Siver!]

You don't think there's a connection between the limited housing supply and the rapidly increasing population through immigration?

We had a net population growth of 900k in Summer 22 to Summer 23 and over 700k the following year. Most of those people are going to be joining the rental market increasing demand and pushing up prices.

Customers don't push prices up.

Greed does.

People who want to take advantage are enabled to do so, but landlords remain the root cause of high prices.

 

[cmw43]

Customers don't push prices up.

Greed does.

People who want to take advantage are enabled to do so, but landlords remain the root cause of high prices.

Because of the lack of housing and increasing demand, property prices keep going up, so mortgages go up and interest rates have gone up which all leads to increasing rent.

 

[Siver!]

Because of the lack of housing and increasing demand, property prices keep going up, so mortgages go up and interest rates have gone up which all leads to increasing rent.

Okay, yes.

But also the lack of affordable homes is again down to greed.

Contractors aren't interested in making homes that are easily affordable.

They need to be forced to keep prices down or they won't.