A third of landlords to sell off homes

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More than a third of private landlords are planning to cut the number of homes they rent out or exit the market altogether according to a new survey of over 2,000 landlords. Almost 34% of landlords have indicated they intend to reduce their investment in the market – a 30% increase over the previous twelve months, according […]

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Third of landlords looking to shrink portfolios

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Over a third of private landlords are planning to cut the number of homes they rent out or exit the market altogether over the next year according to a new survey of over 2,000 landlords.

The almost 34% of landlords indicating that they intend to reduce their investment in the market is a 30% increase over the previous twelve months according to the research conducted by the Residential Landlords Association.

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Tenancy Deposit “Passporting” is a Government Priority

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Today’s
Queen’s Speech confirmed, that the Conservative Manifesto promise to introduce,
“Lifetime Deposits”, will be on the legislative programme for the new
Government.

The
idea, also known as tenancy deposit passporting, essentially means that a
deposit can be transferred between properties and landlords without a tenant
needing to find a temporary second deposit after they leave a tenancy.

The
Ministry of Housing, Communities and Local Government (MHCLG) have written to
members of the Tenancy Deposit Protection Working Group, which was set up by
the Ministry to explore changes and innovation within the current tenancy
deposit process. They explain that they intend to get the ‘Lifetime Deposits’
concept into law at a pace and have instructed the group to move to a second
phase of the developing workable models for the imminent implementation of the
policy.

A
timetable is being drawn up in the next couple of weeks for the group to
deliver this piece of work and it is expected to start on the programme, very
early in the New Year.

It
is likely that the conclusions will lead to a proposal that will form part of
the forthcoming Renters’ Reform Bill which the Government have promised will be
put before Parliament during the current session.

Eddie Hooker of mydeposits who sits on the
Working Group, told LandlordZONE. “We have been expecting this announcement for
a little while and the group has been looking at the idea as part of our work.
Now this is an official Government objective we will actively embrace the
challenge and opportunity of this major reform to the deposit process and to
deposit protection”

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Whirlpool washing machine recall – Tenant compensation?

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Widely reported in the press, Whirlpool have announced a major problem over the door mechanism on some Hotpoint and Indesit washers posing a major fire hazard and are recalling affected washers in the new year.

In common with many landlords

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Lifetime deposits, abolition of S21 and new possession rights for landlords

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Government Press release:

A revolutionary new deal for renters will restore fairness, honesty and transparency to the heart of the housing market, thanks to new proposals unveiled as part of the Queen’s Speech.

Under the plans

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Tenant suffering domestic abuse – Advice please?

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I would be most grateful for and advice please on how to proceed. A tenant’s ex partner (not on the ast or living at the property) has been violent and arrested.

The tenant says she is planning to move to live with her daughter in a few months

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Blog: Queen’s speech confirms end of Section 21

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Today’s Queens Speech confirmed measures to end Section 21 repossessions and strengthen Section 8. In this blog first published on Anthony Gold, RLA policy director David Smith writes about they key announcements relating to the private rented sector. As had been widely trailed the Queen’s Speech included reference to a bill to abolish section 21 […]

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Bank Base Rate unchanged at 0.75%

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The Bank of England’s Monetary Policy Committee today voted 7 – 2 to keep the Bank Base Rate the same at 0.75%.

Decisions are now coming thick and fast, but the inflation projections  of slightly above the 2% medium term target were based on the assumption of an orderly transition to a deep free trade agreement between the UK and the EU.

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Queen’s Speech: Section 21 WILL go

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Landlords have warned of a rental crisis that could lead to a mass sell-off of homes following the announcement Section 21 WILL go in today’s Queen’s Speech. The government plans to introduce a Renters’ Reform Bill, which it says will: “Introduce a package of reforms to deliver a fairer and more effective rental market.” The main […]

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Queen’s speech – Section 21 ban?

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The first Queen’s speech under a new Tory majority outlining the government’s intentions for new legislation in this Parliament has been given.

For landlords the most relevant statement, all be it very short was: “New measures will be introduced to protect tenants.”

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