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A guide for UK landlords

Your exit options in 2026

What the Renters' Rights Bill actually changes, and the practical options open to you if standard letting no longer works. No pressure, no sales pitch. Just the facts, the routes, and the trade-offs, so you can decide what fits.

Before we start

You're not imagining it

Letting a property in 2026 is a different job to the one many landlords signed up for. The Renters' Rights Bill has changed the basic mechanics of being a landlord, and that sits alongside tighter mortgage criteria, higher compliance costs, and a tenancy relationship that now carries more legal weight than it used to.

If you have found yourself wondering whether it still works for you, you are not alone. A significant number of UK landlords are asking the same question right now.

This guide is not here to tell you what to do, and it will not tell you to panic. What it does is lay out, plainly, the practical routes available if standard letting no longer fits: what each one involves, who it tends to suit, and the trade-offs to weigh up. The aim is simply to give you the facts so you can make your own decision.

There is no single right answer. There is a right answer for your situation, and by the end you will have a clearer view of which routes are worth exploring.

Section 1

What's actually changed

The facts first, because a lot of what circulates about the Renters' Rights Bill is exaggerated in one direction or the other.

The end of Section 21

No-fault evictions have ended. To take a property back you now need a specific, legally defined reason, and the process to enforce it follows its own timeline, which is rarely fast.

Periodic tenancies as standard

Fixed-term tenancies are being phased out in favour of rolling periodic tenancies. Tenants can leave with notice at any point, so the certainty of a fixed term goes in both directions.

Tighter rules on rent increases

Rent can be increased once a year, and tenants have a clearer route to challenge increases they consider above market rate.

New compliance and registration

A private rented sector database, an ombudsman scheme, and stricter enforcement all add administrative work, and cost, to running a let property properly.

None of this makes letting impossible. It does change the maths, particularly for landlords with one or two properties already running close to breakeven.

Section 2

Your options

Broadly, the routes fall into two camps: keep the property and keep it earning, or sell the asset. Here they are side by side. Open any one to read it in full.

Keep renting it out

You keep the asset. A company takes on the day-to-day running, and you choose how hands-off you want to be.

1

Serviced accommodation

Landlords who want a materially higher income and are happy for a company to run the property
4 to 8 weeksto set up

Running your property as serviced accommodation means operating it as a short let, providing accommodation to business travellers and leisure guests rather than letting it on a standard tenancy. A management company runs it for you: they handle the bookings, guest communication, cleaning, and maintenance. You still pay for maintenance as the owner, but all of the day-to-day running is taken care of. The company takes a fixed monthly charge, usually a percentage of total revenue, and that is it.

Why landlords consider it

  • Better monthly income. Serviced accommodation typically produces two to three times the income of a normal AST rental on the same property. It is one of the highest cash-flow models for a residential property.
  • The tenancy law changes do not apply in the same way. Because this is not a standard residential tenancy, Section 21 and the move to periodic tenancies do not affect it as they would a normal let.
  • You keep the asset. There is no sale and no loss of ownership.

Points to consider

  • It needs the right property in the right area. That can be a rural property with holiday-let appeal, or one in a busy town or city close to transport links, businesses, and airports, anywhere with genuine demand for short-term accommodation. Where that demand exists, it serves a real need in the market.
  • There is an initial investment to set it up properly. Furnishing, decorating, smaller furnishings, and some compliance work. Getting good results depends on staging it well from the start.
  • Your mortgage and insurance need checking. A standard buy-to-let mortgage does not always permit this use without notifying the lender.
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2

Guaranteed rent

Landlords who want a fixed income with zero day-to-day management
3 to 6 weeks

Guaranteed rent means leasing your property to a company for a fixed term, typically three to five years, at an agreed monthly rent. You get paid that rent regardless of whether the property is occupied. The company uses the property to house a specific type of tenant or guest, and they take care of everything: they manage the tenants, take on the bills, and handle the upkeep. It is a very hands-off arrangement. The company might be a serviced accommodation operator, a housing association, or a social letting provider.

Why is this different to renting to a tenant?

  • The key difference is who your agreement is with. You lease to a company, not an individual. That matters if things go wrong: dealing with a company is a different matter to dealing with an individual tenant, and evicting or exiting an agreement with a business works differently from ending a tenancy with a person. The arrangement is a commercial one between you and the company.

Why landlords consider it

  • Fixed, guaranteed monthly income, with no void periods and no rent arrears risk.
  • The company typically handles maintenance, compliance and day-to-day upkeep during the term. It is genuinely hands-off.
  • You keep the asset with effectively zero management.

Points to consider

  • The guaranteed figure is usually slightly below full market rent. You are trading a little income for certainty and a zero-hassle arrangement.
  • A property can see more wear over a multi-year lease, though it depends who is in it. A company running it as serviced accommodation, for example, has every incentive to keep it in five-star condition to earn strong reviews. As the owner you remain liable for the structure and things like the boiler, while the company generally takes care of the cosmetic upkeep.
  • Exit clauses vary. Read the lease term carefully before committing for several years.
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Sell the asset

You exit the property and release the capital. All three routes work whether the property is vacant or tenanted, but that choice drives the price.

First decide: can you get it vacant?

If you are selling, the single biggest factor in the price you achieve is whether the property is vacant or has a tenant in it. You can use any of the three routes below either way, but it is worth deciding this first.

Vacant gets the best price. An empty property opens the door to anyone: owner-occupiers who want to live in it, as well as investors and developers. That is the widest possible buyer pool, and it is how you achieve the strongest price for a property in the UK.

Tenanted narrows the pool. A property sold with a tenant in place appeals mainly to investors, buyers looking for an income-producing asset rather than a home. The pool is smaller, so a tenanted property typically will not achieve as good a price as the same property sold vacant. It can still be sold through any of the three routes, and doing so avoids an eviction, a void period, and a break in rental income right up to completion.

3

Traditional sale (open market)

Landlords who want the best achievable price and have time to wait
6 to 9 months

The familiar route: list with an estate agent, market the property to the whole market, and complete through standard conveyancing. Because it reaches the entire market under no specific timescale to complete, it casts the widest net of buyers and gives the best chance of the top price.

Why landlords consider it

  • It typically achieves the strongest price of any route, particularly for a vacant, well-presented property, because it reaches owner-occupiers as well as investors.
  • No fixed deadline, so you can hold out for the right offer.

Points to consider

  • It is the slowest route. Six to nine months is a realistic range, provided the property is priced realistically from the start and no sale falls through. Price it too high, or hit a chain, and it takes longer.
  • Sales fall through. On average, around one in three property sales in the UK fall through when selling through an estate agent.
  • A tenant in place narrows the buyer pool to investors, which affects both price and timeline.
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4

Auction sale

Landlords who want a binding sale on a fixed date once a buyer is found
6 to 10 weeks

Selling at auction means setting a reserve price and letting competitive bidding decide the final figure on the day. As long as bidding reaches your reserve, the property sells, and completion then follows on a fixed timeline.

Why landlords consider it

  • Once it sells, it is committed. When a bid beats the reserve, the sale is binding on the day and everything completes on a set date. There is far more commitment from the buyer than in a standard sale, and little risk of the deal collapsing afterwards.
  • A fixed completion date once the hammer falls.
  • Auction buyers are often investors who are comfortable buying tenanted property.

Points to consider

  • There is no guarantee it will sell. Unlike a cash buyer, an auction gives no certainty of a sale. If bidding does not reach your reserve, it does not sell that day.
  • There is no guarantee of price. You set the reserve, and as long as bidding reaches it the property sells, but the final figure is whatever the room decides.
  • Auction fees and legal costs apply and should be factored in.
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5

Cash purchase

Landlords who want speed and certainty over the highest price
1 to 4 weeks

A cash buying company buys the property outright, in any condition, and can complete in around one to four weeks. There is no estate agent, no chain, and no buyer falling through at the last minute.

Why landlords consider it

  • Speed and certainty are the number one reason. Against the open-market route, which can take six to nine months and may still fall through and leave you back at square one, a cash sale can complete in a week or two and put the funds in your account very quickly.
  • Any condition. You do not need to spend on repairs or presentation first.
  • Tenanted or vacant is not a problem. These buyers will purchase either.

Points to consider

  • The price will be below full market value. That is the trade-off for speed and certainty, so it helps to be mentally prepared to accept less in exchange for a quick, guaranteed sale.
  • Not every cash buying company is the same. Make sure they have genuine proof of funds and a track record before you commit.
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Not sure which fits?

Find the routes worth exploring

A few quick questions to point you toward the options that match your situation. Nothing is submitted, and there is no obligation.

Question 1 of 2

What would you rather do with the property?

Question 2 of 2

How involved do you want to be?

Question 2 of 2

What matters most in the sale?

Section 3

Where to go from here

These are the practical routes out. There is no single right answer; the best one depends on your property, your finances, how involved you want to be, and how quickly you need this resolved.

If you are not in a rush, don't rush. The exits that go worst are usually the ones made in a hurry, three weeks after a difficult tenant situation, without comparing the alternatives properly.

If you are in a rush, say so plainly to whoever you deal with next, whether that is an agent, a buyer, or an operator. Urgency changes the terms available to you, and it is better to be upfront about it from the start.

If you are still unsure which route fits, that is normal. Most landlords are not sure until they see their own numbers laid out against each option.

Ready to look closer?

See which routes fit your situation

Tell us about the property and we will come back to you on which routes are worth your time. No cost, no obligation.