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Conservative Party proposals

Journalist: Jake Carter, Mortgage Introducer

ended 28. July 2023

The Conservative Party has put all its eggs in the Renters’ Reform Bill basket, with regard to resolving the housing crisis.

Its June whitepaper titled A fairer private rented sector’ outlines proposals to abolish Section 21, shift all tenancies to periodic, and introduce new standards to the rental sector.

What are the pros of the Conservative Party proposals?

How will the proposals benefit the market? 

6 responses from the Newspage community

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I would like to propose something to the Conservative party, can I propose that you call an immediate general election and allow somebody to come into power who can get us out of the mess that you have caused? Can I propose you give me and numerous other people that voted you into power at the last election the ability to change our mind as you have done on all of your promises, can I propose you stop making a mockery of our economy and our country? Can I propose that you take your size 10 Manolo Blahnik off the throats of the average working-class people who you are destroying financially, physically and mentally?

In short, can i propose you F*!$ Off!
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The Renters’ Reform Bill is a step towards addressing the UK's housing crisis. The proposed abolition of Section 21 and shift to periodic tenancies will provide greater security for tenants. However, a streamlined process for reasonable evictions is necessary to avoid lengthy legal proceedings. The introduction of the Decent Homes Standard for private rentals will improve living conditions and potentially increase property values. Landlords, especially those with buy-to-let mortgages, will need to ensure their properties meet these standards or risk lower prices. The introduction of a Private Rented Sector Ombudsman is a positive move, but it must be adequately funded and empowered to make a difference. While the bill is a step in the right direction, it could have gone further in regulating the housing market as a whole, including estate agent practices. The bill's success will depend on how much funding will be available and commitment to addressing broader housing sector issues.
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As always the devil is in the detail but on the face of it it appears ill thought through and Landlords need far more confidence in the processes involved. Tenants already have far more rights than Landlords as the only people that can end a tenancy is the tenant or the Courts- that is regardless of behaviour, rent arrears etc. The shift to periodic tenancies could encourage more short term lets, tenants coming and going at short notice and this will decimate the student rental sector as witnessed in Scotland. Landlords are already facing crucial and unstable times and this goes no way to settle or improve the confidence in the sector after the regulatory and detrimental financial impact in recent years. The Government should take more advice, and listen to it, from the likes of the NRLA and Landlord Action as well as the real life stories and problems that landlords are having if they truly wanted to improve the sector.
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Proposals like this so close to an election smell of one thing, absolute desperation.

The government have failed to add action to their words on housing for the last decade, and that has been proven by the number of housing ministers we have gone through.

There is only one solution to our housing issues and that is to build more houses, either via social or council houses or via incentivising or regulating the market to build more.

Planning and red tape are always a challenge, you only have to look at the nitrates issue to see this.

What we need is some leadership who are willing to put some solid long-term plans in place, have a housing minister who is in it for the long run and collaboration between central government, local councils and house builders.
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It's about time really, there are a number of checks and criteria for tenants to meet when renting a property but why aren't there the same for checks landlords? I think this will up the standard of property letting in the UK as sadly there is still a considerable amount of poor standard property lets.

The big benefit to tenants would be the national landlord register this will give them information on the landlord's status to help them make better choices when entering a tenancy agreement.
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As ever, the government are fiddling whilst Rome burns. None of this will fix the fundamental issue with our housing market in that we don't have enough houses and we don't build enough houses either. The only plan which went someway towards addressing the route cause was the 300,000 new houses a year target which was quietly shelved, you have to think because of objections from NIMBY voters with an election round the corner,