Many landlords are concerned about the Renters Reform Bill

New research from Confused.com mortgages looked at the current landscape of the buy-to-let sector and the implications of the upcoming Renters Reform Bill, and highlighted key concerns among landlords in the UK regarding the Renters Reform Bill. Here's a breakdown of the key points:

Landlord Concer...

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1 Comment

  1. Neil Weisfeld
    Neil Weisfeld on December 28, 2023 at 12:07 pm

    The Bill as written includes student lets within the legislation. If this goes ahead as is, there will be no fixed term tenancies for student lets, with one grossly unfair exception. As a result, it is certain that a large percentage of students will end their tenancies before a 12 month period ends. The investment profile of letting to students will be completely destroyed, forcing many, if not all private landlords to sell up and withdraw from the market.
    Universities are already complaining about the lack of, and cost of affordable accommodation for students. This will be massively exacerbated as a result. Further, larger investors building purpose built student accommodation are excluded from the draft legislation, which is grossly unfair. As a result, students will be left with no alternative than to rent these much more expensive units, even if they are available, which they are currently not!
    The end result must be damage to the universities due to reduced intakes and a massively damaging effect on the economy in areas such as Brighton.

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