Copy article

Renters' Reform Bill to be published next week

Journalist: Jane Matthews, FTAdviser

ended 05. May 2023

Hi all, 

You may have seen that the government is set to publish the renters' reform bill next week. 

Michael Gove told Sky News on Wednesday night that it will "change the way in which the relationship between landlords and tenants work, providing tenants with new protection which should ensure they are better protected against arbitrary rent increases."

The market has changed a lot since the bill was first announced and the white paper was published in the summer (more details on what was to be in it here). 

What are your thoughts on it now that it is due to be finally published? I know many in the buy-to-let space have been critical of it - do you share any of the concerns? 

We're publishing a story on it today if you want to get a comment across to us before 11.30am. 

Many thanks, 
Jane
 

2 responses from the Newspage community

Copy all

Copy

Editor
Scott Gallacher
Director at Rowley Turton
Unfortunately, the Buy-to-Let dream is becoming a nightmare for many. Rising mortgage rates, harsh tax treatment, tenants from hell and increased legislation like the new Renters Reform Bill means more and more landlords are selling up.

I spoke to someone only this morning who has all four of their property up for sale. The tenants who took down his internal walls to maximise the cannabis farm were probably the final straw.
Copy

Gary Bush
Financial Adviser at MortgageShop.com
On the whole reform of this sector is needed and indeed overdue - I am however concerned at the relentless attacks that this sector has seen over the past decade and the effect that this will bring. Landlords are clearly stretched to the max in some cases, due to the mortgage rate crisis, and even more properties being taken out of tenants hands, by being sold, will create an even greater problem for tenants who are not in a position to buy a property.