05/09/2026
30,000 small landlords left the private rented sector in the year to April 2025. It is the first time the number has fallen since 2020, and it happened before the Renters' Rights Act took effect on 1 May. [HMRC via Property118]
The figures are HMRC-derived, reported by The Telegraph. Paul Shamplina of Landlord Action says he has never known so many landlords serving notice to sell. [Property118]
Even Propertymark, which backed the reforms, is conceding the point. Chief executive Nathan Emerson says the Act has unintended consequences, while cautioning it is still in its early months. [Property118]
Why it matters to every landlord still in the game:
1. Fewer small landlords means less supply, and less supply is a big reason new-tenancy rents are still climbing. HomeLet's August index put the UK average at £1,382, up 4.1% year on year. [HomeLet]
2. The properties leaving the sector are the ones most likely to need work: older stock, tired compliance, no professional management.
3. What is replacing them is consolidation. Remaining stock is moving into professional and managed hands.
If you are staying, the play is the same as it has always been. Keep the let compliant, keep voids short, and rent to pre-qualified tenants who will stay. Landlords who do that are capturing the rent growth while others exit.
Small landlords, be honest: are you staying, scaling, or thinking about getting out? What tipped it for you? Drop your area below.
📊 Visual: landlord-exits-05sep26.svg. 30,000 small landlords exited buy-to-let in the year to April 2025, the first fall in five years. [HMRC via Property118]