Likewise, one of my mates with quite a few multi bed rentals has most of them on the market now. The rules have changed and broken his business model. There’ll be about 60-70 students that have their rental security abandoned. He’ll keep a few of the freeholds to maintain income. The students are devastated that their rentals might be sold soon. He can’t be bothered trying to make it work, the rent increase would be obscene to cover the lost claim on interest expenses.
Hello kidder has some moral stance that doesn’t reflect reality, no one hoards property without providing that to the rental market. The law of unintended consequence is going to imo really bite this government intervention targeting providers of rentals.