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“Mass exodus of private landlords is a catastrophe for the country”, says Phil Spencer

The growing number of buy-to-let landlords exiting the private rented sector (PRS), owed largely to an increase in regulation and taxes, is a major cause for concern, and an issue that the government can no longer afford to ignore, according to TV presenter Phil Spencer and Vanessa Warwick, co-founder of PropertyTribes,

A number of BTL landlords have divested their portfolios and left the private rented sector (PRS) in recent years and this has led to a significant reduction in the supply of much needed privately rented homes across many parts of the country.

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