One sold fast, this one was on sale for 2 years while I had no security & constant buyers in! It was listed as with Sitting Tenant! 2 separate would be buyers told me that if they bought it, the rent would increase or I would be out! Thankfully the property never sold but because of this I now have a Rolling contract with no security.
And this is exactly the consequences that I tried to explain in my post @ 22.27 yesterday. If, and when, this property is sold to an investor, they will, in all probability, require that the property be vacated whilst they undertake vital modernisation and safety upgrades. SillyNanny123 would then be temporarily homeless until the upgrades are completed. Once the works are completed, assuming the property is to go back onto the rental market, they will seek to recover their costs for those improvements by charging a higher monthly rent, as SillyNanny123 has confirmed. Simply stating The "wealthy" who snap up the bargain properties would have to be stopped from evicting and re-letting at a higher rent, would be self defeating; landlords would simply stop improving or maintaining their properties properly if they knew that they couldn't recoup their costs and that would lead to more slum landlords. It is precisely because most private landlords do have an emotional attachment to their properties that they want to care for, invest in and maintain their properties whilst retaining good and responsible tenants. But, if you remove their option to sell that property at any time, remember that it will come with the above consequences. Putting embargoes and legal restrictions on one sector of the property rental industry will simply enlarge and strengthen another that is potentially worse.
Good Mooring Thursday 16th July 2026


