A leading trade body has told Prime Minister Boris Johnson that some landlords face receiving no rent for two years. In a letter to Johnson, the National Residential Landlords Association accuses the government of expecting landlords to subsidise struggling renters and reward those who are wilfully refusing to pay their rent. It is also accused of causing continuing hardship to communities …
We warned you! Government told of rising rents thanks to fees ban
The Association of Residential Letting Agents says the number of tenants successfully negotiating rent reductions has hit an all time low – another likely manifestation of landlords’ resolve after the fees ban. The latest ARLA market snapshot shows the number of tenants negotiating a rent reduction fell to 1.1 per cent last month from 1.6 per cent in November; the …
R.I.C.S tells the government to “stop meddling” in the private rental sector
RICS’ policy manager, Tamara Hooper, says: “Persistent government meddling in the private rented sector has dampened landlords’ appetites to invest and expand their portfolios, with many consolidating their assets, or leaving the sector altogether.” And she adds: “In addition, the regular changes to the PRS regime have decreased stability and standards for tenants. The government needs to stop tinkering with …
55% of letting agents say tenants are facing higher rents since fees ban
Industry association ARLA blames the fees ban squarely on a record number of member agents reporting tenants facing higher rents during June. The UK’s leading lettings industry association has claimed that rents are beginning to rise significantly as the predicted outcome of the tenant fees ban begins to roll-out across the housing market. Agents who have reported rising rents increased …