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 …
Get ready for a post-election ‘turbocharged’ property market bounce
Estate agents, developers and tech chiefs hail Conservative landslide as good news for housing, although many demand action on Stamp Duty. The resounding Conservative victory over Labour and the Liberal Democrats in the General Election has been warmly welcomed by the property industry this morning, with many predicting a post-election ‘super bounce’. Economic and political uncertainty has stalked the housing …
Landlords hit out at Tory and Labour manifestos, saying both threaten private rented sector
The National Landlords Association has hit out at both the Labour and Conservative manifestos. CEO Richard Lambert said that a Labour government would drive landlords from the market, while a new Tory administration would be on a “hell-bent” path to punishing law-abiding landlords. Labour wants to introduce an annual ‘MOT’ for landlords, rent controls linked to inflation, and a regulatory …
Labour’s shock £100,000 fines for substandard rental properties
Labour has given shocking new details of its proposals for the private rental sector including £100.000 fines if properties are deemed substandard. The party says it will introduce a national ‘property MOT’. This would introduce a legal requirement for landlords to complete an independent annual inspection to ensure homes are up to scratch, with fines up to £100,000 and forced …
Johnson confirms end to Section 21 evictions and launches ‘Lifetime Deposits’
Boris Johnson has revealed several major shifts in government policy for the private rented sector and, as predicted, has put evictions at the centre of the General Election housing debate. In an article published by The Sun newspaper early this morning, Johnson has confirmed that the government will proceed with banning Section 21. “At the moment, renting a property can …
Labour drops Right to Buy plans
Labour drops Right to Buy plans Labour has dropped its plans to allow private tenants to buy their homes at a discount. Press reports over the weekend indicated that the policy was now regarded as too complicated to be included in the party’s manifesto for the December 12 General Election. Two months ago Chancellor John McDonnell told the Financial Times …
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 …
No plans to introduce national landlord register, Government confirms
The Government has confirmed that it has no plans to introduce a national register of private landlords. It has not even undertaken an assessment of the proposal, made in a report back in January when the Chartered Institutes of Housing and of Environmental Health jointly called for a register. The two organisations said that such a register would make it …
ARLA slams Labour’s pledge to bring in rent controls if it comes to power
ARLA has slammed Labour’s intention to introduce rent controls if it gets into power at the next general election. Shadow chancellor John McDonnell said in a speech which also promised 32-hour working weeks, that Labour would “cap rents and build a million genuinely affordable new homes so young people in particular aren’t pouring away thousands of pounds from their wages …
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