By Venessa Afonja
Director @ VA Property Sales & Lettings

For Luton landlords who hoped to leave their troubles behind in 2023, the harsh reality of 2024 is proving otherwise. The rental market remains challenging, leaving many landlords feeling frustrated and trapped.

Recent reports, such as one highlighted by The Guardian, reveal a concerning trend:

In fact, in the last year alone, landlords have offloaded a staggering 294,300 homes, exacerbating the challenges faced by those in the rental market.

Landlords are selling more properties than they're acquiring.

"It's simply not sustainable,"  Said Michael - a Luton landlord faced with mounting mortgage rates and untenable financial pressures.

He chose to sell his entire property portfolio through VA Property. "Even with increased rents, mortgage rates have pushed us to the brink. Selling now is the only viable option to avoid potential repossession."

The urgency to act is clear. Over the past month, VA has been inundated with inquiries from landlords looking to divest their rental properties - and we're ready to help.

As a landlord specialist Estate Agent, we manage every aspect of the sale, alleviating the stress and burden on landlords.

From negotiating with tenants to creating compelling property videos and even organising refurbishments to enhance property value, we handle it all.

Our experienced team of contractors are on standby to address any property-related challenges, with costs recouped seamlessly from the sale proceeds.

Discover your sale and rental valuations for 2024 by using our instant valuation tool below: