Tag: NRLA
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Landlords Face Longer Wait to Evict Tenants Under Labour’s New Plan
Landlords are being warned they could face lengthy delays when trying to evict tenants who fall behind on rent, under new government proposals. The Labour party’s Renters’ Rights Bill aims to give tenants breathing room by increasing the allowed arrears period from two to three months before landlords can issue an eviction notice. This change…
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Most Tenants Are Happy with Their Landlords
New figures prove what we already know: landlords are doing a great job! A recent government report shows that private renters are actually more satisfied with their homes than those living in council housing. Private Renters Are Smiling According to the latest English Housing Survey, a whopping 82% of private renters are happy with their…
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What Does the New Government Mean for Landlords?
The dust has settled on the election, and the Labour government is in. While many landlords might have breathed a sigh of relief when the Conservatives failed to pass their Renters’ Reform Bill, the new government is bringing its own plans to the table. The Big Questions for Buy-to-Let Labour’s manifesto was light on specifics…
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Thousands Face Homelessness as Landlords Sell Properties
Recent data has revealed a troubling trend in England’s housing market, with over 2,000 households each month facing the threat of homelessness. This surge in insecurity comes as numerous private landlords decide to sell their properties. Uncertainty fueled by government delays in implementing rental reforms is often cited as a significant reason behind these sales.…
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Skyrocketing Demand for Rentals Leaves Tenants in a Lurch
The UK’s private rental market is witnessing a significant rise in demand, with landlords reporting a noticeable increase in tenant interest. This trend underscores a growing challenge in the housing sector, spotlighting the dire need for more rental accommodation amidst rising pressures from various societal shifts. The Surging Demand for Rentals Recent research spearheaded by…
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Buy To Let Mortgages Roundup – 6th February
The NRLA published a roundup of latest news and products from the BTL mortgage market. Here’s our summary – A Wave of Cuts The Mortgage Works Leads the Charge The Mortgage Works has made headlines not once, but twice in a single week, announcing rate cuts up to 0.15 percent for new customers. With rates…
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2024 Predictions for Landlords – Rising Rents, Mortgage Rates, and New Laws
2024 is shaping up to be a year of significant change for UK landlords. From rising rents to the implementation of new laws, landlords are facing a landscape that’s both challenging and evolving. Let’s break down the key aspects that landlords need to be aware of in the coming year. Mortgage Rates Increase Landlords have…
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Buy-to-Let Landlords – A Rocky Road Ahead?
The buy-to-let market, once a lucrative option for investors, is currently challenging. With regulatory shifts, fluctuating mortgage rates, and changing rent dynamics, landlords face a complex environment. The UK government has rolled back its plan to impose a Minimum Energy Efficiency Standard rating of C for rental properties by 2025. This move has eased immediate…
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Gove Says Healthy PRS is Critical
During the annual conference of the National Residential Landlords Association (NRLA), Michael Gove delivered a compelling speech, underscoring the significance of a thriving PRS in the broader residential property market. The timing of his address was noteworthy, given it came right after MPs deliberated on the Renters (Reform) Bill. Gove took a moment to applaud…
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Renters’ Reform Bill gets Second Reading
The Renters Reform Bill is set for debate in Parliament on Monday 23 October. This bill, if passed, will mark a new era in the private rented sector, particularly by revoking landlords’ ability to end tenancies through the infamous Section 21 notices. Gearing Up for Change: The Renters Reform Bill Explained Introduced under Theresa May’s…