The first draft of the Renters Reform Bill published on 17 May 2023 contained wording to abolish Section 21. We may still be waiting for the first parliamentary debate on the Bill, but there’s no sign of the government backtracking on Section 21. Assuming the abolition of Section 21 passes into law, what is it …
What abolishing Section 21 means for private landlords View Post »
The Renters Reform Bill promises to be the biggest shake up to the private rented sector since the Housing Act 1988, assuming it ever sees the light of day! However, whereas the Housing Act 1988 significantly increased the freedom of landlords, the changes in the Renters Reform Bill will restrict this freedom. Although we can …
Landlords: How to get ready for the Renters Reform Bill View Post »
The end of a tenancy is often fraught for landlords and renters alike, even if it’s the renters who’ve given notice. The renters are usually anxious to get their deposits back promptly and to get a good reference. The landlords are worried about what state the property will be left in, and how long it …
7 Tips How to Achieve Positive End of Tenancy Checkout View Post »
The Bank of England raised the base rate to 5% on 22 June, a rate not seen since April 2008. This leaves many landlords in an extremely difficult situation. Landlords are trying to manage their cash flow to make ends meet, with the sword of Damocles of the next refinancing hanging over them. This is …
7 ways for landlords to improve the bottom line View Post »
According to research by the NRLA, published in February 2023, 30% of landlords are planning to sell at least one of their buy to let properties in 2023. This exodus of landlords may seem difficult to understand when rents and rental demand have never been higher. The reasons range from George Osborne’s restriction on mortgage …
