Lawyer criticises Renters’ Rights Bill impact assessment for underestimating costs

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A lawyer has slammed the Renters’ Rights Bill impact assessment, calling it “unreliable.”

David Smith, head of dispute resolution at JMW Solicitors, says the government’s assessment doesn’t “paint a true picture” of the financial impact on landlords.

The Renters’ Rights Bill is expected to cost £33 million a year

View Full Article: Lawyer criticises Renters’ Rights Bill impact assessment for underestimating costs

Sadiq Khan proposes rent-controlled homes for London’s key workers – including barristers

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London Mayor Sadiq Khan has unveiled plans to introduce rent-controlled homes to help make housing more affordable for key workers in the capital.

The proposed ‘Key Worker Living Rent’ homes would see rents capped at 40% of key workers’

View Full Article: Sadiq Khan proposes rent-controlled homes for London’s key workers – including barristers

Landlords and agents set to bear brunt of £33M cost of Renters’ Rights Bill

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The impact of the Renters’ Rights Bill is expected to cost £33 million a year, but the government insists it will not trigger a mass exodus of landlords.

According to the government’s impact assessment, the estimated cost for landlords is £12 per rented property annually

View Full Article: Landlords and agents set to bear brunt of £33M cost of Renters’ Rights Bill

Rising rents and slow house price growth amid economic uncertainty

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Growing uncertainty around the Renters’ Rights Bill has led to more landlords leaving the market and rents to rise, according to Knight Frank.

According to the estate agent, rents could jump by 17.6% over the next five years

View Full Article: Rising rents and slow house price growth amid economic uncertainty

Why Southwark Council’s Attack on Letting Agents Is Misguided

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Southwark Council’s recent declaration that letting agents are “predatory and exploitative” is both misleading and counterproductive. While their concerns about affordability are valid, attributing the housing crisis solely to letting agents ignores the complexities of the rental market and the critical role these professionals play in ensuring its functionality.

View Full Article: Why Southwark Council’s Attack on Letting Agents Is Misguided

Why the Buy-to-Let Dream is Dead: How the Government Killed the UK’s Best Investment

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There was a time when buy-to-let was seen as one of the safest and most profitable investments in the UK. Landlords could buy a property, rent it out, cover their mortgage, and watch their investment grow. For many, it was a sure-fire way to build wealth.

View Full Article: Why the Buy-to-Let Dream is Dead: How the Government Killed the UK’s Best Investment

NRLA blast Housing Minister’s court system remarks

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The NRLA and other industry bodies have slammed Housing Minister Matthew Pennycook, for claiming that “alarmist statements about the county court system” stem from opposition to abolishing Section 21.

In a letter to Mr Pennycook, Propertymark, Leaders Roman Group and Goodlord

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Why Do You Really Want to Invest in Property?

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When people think about getting started in property investing, the reasons they give often sound impressive: “to increase monthly income,” “achieve financial freedom,” “secure my future,” or “build generational wealth.” Maybe you’ve even thought, I’ve always wanted to. These reasons why sound ok but they’re way too vague.

View Full Article: Why Do You Really Want to Invest in Property?

Demand for accessible rental homes surges – LRG

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Demand for accessible features in rental properties is on the rise with nearly 40% of tenants expressing a preference for features like lateral living layouts and step-free access.

That’s according to a new report from Leaders Romans Group (LRG) which also says tenants would like to see non-slip flooring and wider doors.

View Full Article: Demand for accessible rental homes surges – LRG

The landlord exodus is fuelling a rental crisis

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The UK’s private rented sector (PRS) is teetering on the brink of a full-blown crisis, with a surge in tenant demand and a dwindling supply of rental properties, one leading landlord says.

The Mistoria Group points to a recent survey involving more than 1,500 landlords

View Full Article: The landlord exodus is fuelling a rental crisis