Renters Rights Act (Official Update)
Discussion
Finally, after 4 years of debate in parliament we (renters) now have an official date when the new approved laws will take effect.
May 2026.
https://www.gov.uk/government/news/no-fault-evicti...
May 2026.
https://www.gov.uk/government/news/no-fault-evicti...
I have one Btl and want out, looks like I have just under six months to get my property back.
Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
I think a lot of tenants are going to get served a section 21 before Christmas and will be looking and competing for property in the new year.
Merry Christmas love Labour.
Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
I think a lot of tenants are going to get served a section 21 before Christmas and will be looking and competing for property in the new year.
Merry Christmas love Labour.
ThingsBehindTheSun said:
I have one Btl and want out, looks like I have just under six months to get my property back.
Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
Sorry you feel that way but, to be honest, I think it's a really sad attitude to think like that as a Landlord.Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
ThingsBehindTheSun said:
I think a lot of tenants are going to get served a section 21 before Christmas and will be looking and competing for property in the new year.
I hope you're wrong.My situation may be of interest. I have two rental properties which I inherited. They are freeholds with no mortgages. Good properties in good condition, with good long term tenants, who are paying considerably less than the market rent and currently on monthly tenancy, after their shortholds ended. I get on well with them, they pay the rent on time, they look after the properties, and I do any repairs as soon as notified, etc.
It is a useful income stream for me, and requires very little input. The rent is reasonable for the type of property, and the tenants are not high earners. If I put the rent up I would just have to pay more tax, so there is not much point, but some stage will have to consider it to counter inflation. The tenants are from Central Europe where the landlord/tenant relationship is more sensible than it is in the UK. They are hard-working people, and I have no wish to exploit them or make them homeless. All parties are happy with the status quo, and we do not need the government or the local council interfering.
I could probably get more return from some other form of investment, but I believe that long-term, property is a better option. That is another discussion. If I were to sell, I would have to pay CGT, not anxious to do that although in a sense it wouldn't matter as I didn't have to pay for the properties in the first place. I don't really want the hassle of changing direction, and morally, I have a duty of care to the tenants.
I think it is best to wait and see how the Act works in practice, and how much of it actually happens. There is not much else I can do anyway. The situation only becomes acute when the tenants leave, and I suspect there will be a different government and a different set of unwanted rules by that time.
It is a useful income stream for me, and requires very little input. The rent is reasonable for the type of property, and the tenants are not high earners. If I put the rent up I would just have to pay more tax, so there is not much point, but some stage will have to consider it to counter inflation. The tenants are from Central Europe where the landlord/tenant relationship is more sensible than it is in the UK. They are hard-working people, and I have no wish to exploit them or make them homeless. All parties are happy with the status quo, and we do not need the government or the local council interfering.
I could probably get more return from some other form of investment, but I believe that long-term, property is a better option. That is another discussion. If I were to sell, I would have to pay CGT, not anxious to do that although in a sense it wouldn't matter as I didn't have to pay for the properties in the first place. I don't really want the hassle of changing direction, and morally, I have a duty of care to the tenants.
I think it is best to wait and see how the Act works in practice, and how much of it actually happens. There is not much else I can do anyway. The situation only becomes acute when the tenants leave, and I suspect there will be a different government and a different set of unwanted rules by that time.
Hawkshaw said:
My situation may be of interest. I have two rental properties which I inherited. They are freeholds with no mortgages. Good properties in good condition, with good long term tenants, who are paying considerably less than the market rent and currently on monthly tenancy, after their shortholds ended. I get on well with them, they pay the rent on time, they look after the properties, and I do any repairs as soon as notified, etc.
It is a useful income stream for me, and requires very little input. The rent is reasonable for the type of property, and the tenants are not high earners. If I put the rent up I would just have to pay more tax, so there is not much point, but some stage will have to consider it to counter inflation. The tenants are from Central Europe where the landlord/tenant relationship is more sensible than it is in the UK. They are hard-working people, and I have no wish to exploit them or make them homeless. All parties are happy with the status quo, and we do not need the government or the local council interfering.
I could probably get more return from some other form of investment, but I believe that long-term, property is a better option. That is another discussion. If I were to sell, I would have to pay CGT, not anxious to do that although in a sense it wouldn't matter as I didn't have to pay for the properties in the first place. I don't really want the hassle of changing direction, and morally, I have a duty of care to the tenants.
I think it is best to wait and see how the Act works in practice, and how much of it actually happens. There is not much else I can do anyway. The situation only becomes acute when the tenants leave, and I suspect there will be a different government and a different set of unwanted rules by that time.
We’re in exactly the same position but with a single property. It is a useful income stream for me, and requires very little input. The rent is reasonable for the type of property, and the tenants are not high earners. If I put the rent up I would just have to pay more tax, so there is not much point, but some stage will have to consider it to counter inflation. The tenants are from Central Europe where the landlord/tenant relationship is more sensible than it is in the UK. They are hard-working people, and I have no wish to exploit them or make them homeless. All parties are happy with the status quo, and we do not need the government or the local council interfering.
I could probably get more return from some other form of investment, but I believe that long-term, property is a better option. That is another discussion. If I were to sell, I would have to pay CGT, not anxious to do that although in a sense it wouldn't matter as I didn't have to pay for the properties in the first place. I don't really want the hassle of changing direction, and morally, I have a duty of care to the tenants.
I think it is best to wait and see how the Act works in practice, and how much of it actually happens. There is not much else I can do anyway. The situation only becomes acute when the tenants leave, and I suspect there will be a different government and a different set of unwanted rules by that time.
Tenants are great and insisted on decorating the place before they moved in and also sorting the garden out after previous tenants dogs ruined it.
They pay way below market rent but we know they look after the place, decorating every couple of years and have told us they love living there so happy to leave them to it.
Gary C said:
They now need to give the landlord some protection from bad renters.
Or build lots of council houses and take on the responsibility
No, the current plan is for big business to own all the rental property and to push out the amateur landlord.Or build lots of council houses and take on the responsibility
Banks are building large amounts of apartments purely to rent out. If you think rents are going to be cheaper under this model them you are living in cookoo land. Rents will go up every year by CPI plus a base amount, just like mobile phone contracts.
Serco are contracted by the government to provide accommodation for asylum seekers and are advertising for landlords to agree to sign up with them for seven years. Another chunk of rental property gone.
There will 100% be less rental property available so rents will increase.
Like most other people on this thread my tenants are also paying under market value, about £300 a month by my calculations. I would be better off selling up, paying off my own mortgage and putting the rest into a Hargreaves Lansdown ISA at 4.55%.
And I suspect Labour are going to stick it to landlords in the budget as yet another envy tax as everyone hates us.
1Steve68 said:
ThingsBehindTheSun said:
I have one Btl and want out, looks like I have just under six months to get my property back.
Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
Sorry you feel that way but, to be honest, I think it's a really sad attitude to think like that as a Landlord.Suspect I won't be the only one wanting to sell up. Rents are going to massively increase due to this as there will be a lot less properties to rent.
ThingsBehindTheSun said:
I think a lot of tenants are going to get served a section 21 before Christmas and will be looking and competing for property in the new year.
I hope you're wrong.This will result in the remaining rental stock tending to be fully priced. There will be fewer cheap places around.
When you look at the provisions of the act, there is nothing in there REALLY that will affect landlords with long-term ambitions. S.21 has been used typically as a proxy for a S.8 but with the burden of proof removed and a (virtually) guaranteed outcome. They will just need to run with S.8 grounds, assuming that the contract is an Assured Shorthold Tenancy, obviously. They will need to do so more aggressively.
I think however that this could be unfortunate legislation. On the one hand it is fiddling and doesn't make that much difference. On the other, it will make some landlords think it is all too much trouble, the government is too interventionist and they want to get out. The market is not over-supplied and it will make the lives of remaining landlords easier.
The renters right act isn't my main concern. It certainly favours tenants more than landlords, but I don't see it as a reason to get rid of the one rental property I own.
EPC is a whole different thing though. If that really does come into force, it is likely to make my EPC D property impossible to continue as a rental and it will probably be sold as a result.
EPC is a whole different thing though. If that really does come into force, it is likely to make my EPC D property impossible to continue as a rental and it will probably be sold as a result.
davek_964 said:
The renters right act isn't my main concern. It certainly favours tenants more than landlords, but I don't see it as a reason to get rid of the one rental property I own.
EPC is a whole different thing though. If that really does come into force, it is likely to make my EPC D property impossible to continue as a rental and it will probably be sold as a result.
EPC is an interesting one, because there's no science behind it, it's subjective, and is often wrong.EPC is a whole different thing though. If that really does come into force, it is likely to make my EPC D property impossible to continue as a rental and it will probably be sold as a result.
I live in an end terrace. The house a few doors down is exactly the same as mine, just a mirror image. The only other difference being the end wall faces north, on mine it faces south, so gets sun all day.
I've long thought that EPCs are b
ks. Mine is currently an F, just shy of E. However, it's just expired and with everything I've done to it so far, believe it should be getting into a D. Why do I think this? Because the house at the opposite end says exactly the same things about it as mine when you look up its EPC, except their EPC is firmly in D. The one major difference being when mine was done they have labelled it as probable solid floor, which it isn't, it's suspended, whereas the house at the opposite end is labelled correctly as suspended.
It's the same house!! Exactly the same. Yet completely different EPCs. It's nonsense. How on earth any government could bring in a min C ruling on such an unscientific methodology is beyond me. It's a completely flawed system.
On first read the rules seem sensible. If you have bad tenants you still have the power to remove them. Rolling monthly from the start is similar to Scotland and works OK. Pre-rental vetting for affordability is common practice already. You can raise the rents to market value if you want.
The changeover will cause short term disruption for sure.
It will be interesting down here to see how this effects second homers who will often try to rent their properties Oct - Mar on a longer lease and then end the lease (all understood up front) so they can tap into the high value holiday rental market.
The changeover will cause short term disruption for sure.
It will be interesting down here to see how this effects second homers who will often try to rent their properties Oct - Mar on a longer lease and then end the lease (all understood up front) so they can tap into the high value holiday rental market.
Edited by C4ME on Friday 14th November 09:39
I say this as someone who has had to rent since 2014. I've had to move 5 times since and rent is crippling yet.......
Private landlords are all this country has for people that can't (or don't want to buy).
This government, and the last lot, make me fking angry and sick to my stomach.
Instead of putting off the only suppliers of rentals with ridiculous rules and no tax relief etc, either make it easier or build some fking council houses.
You know, the type that everyone had after the war and you didn't have to wait 20 years on a council list.
Thes who supposedly run this country just have no fking idea, or are truly evil..... or both.
It's November, next month I'll get the yearly call to ask me if I want to stay another year.
Been here 4 years now, longest rental ever, I know the neighbours, family and friends are near but if there is another increase on an already expensive rent, that'll me out.
63 years as a born and bred Londoner but will be forced out to bumfek nowhere.
Smugs in power, you are not making it easier for those who rent.
Private landlords are all this country has for people that can't (or don't want to buy).
This government, and the last lot, make me f
king angry and sick to my stomach. Instead of putting off the only suppliers of rentals with ridiculous rules and no tax relief etc, either make it easier or build some f
king council houses. You know, the type that everyone had after the war and you didn't have to wait 20 years on a council list.
The
s who supposedly run this country just have no fking idea, or are truly evil..... or both. It's November, next month I'll get the yearly call to ask me if I want to stay another year.
Been here 4 years now, longest rental ever, I know the neighbours, family and friends are near but if there is another increase on an already expensive rent, that'll me out.
63 years as a born and bred Londoner but will be forced out to bumfek nowhere.
Smug
s in power, you are not making it easier for those who rent. Its a crazy move I saw the writing on the wall many years ago and I'm down to one property now. The current occupiers have been in 8 years bit scruffy but always pay on time. Over the summer I got a complaint about rubbish stacking up in the rear garden and when I went to investigate got quite a bit of lip off the female Tenant for my trouble. That was the moment I decided they were out. I was aware of the looming section 21 ban so it was on my mind but despite being a good LL and not increasing their rent for many years having the stupidity to backchat your LL about your own behavior just made the decision to sell up absolutely guilt free.
I do feel for people in rented accommodation but as Croyde says and I have said on these topics before they need council housing thats locked away in perpetuity for the country not for individuals to buy. That was a huge mistake made by Thatcher and we are all paying the price now. Housing associations should be banned and council housing directly owned maybe managed by housing associations but these companies have nicked a living from Government mismanagement of what should be a national asset.
Because there are no private rented properties any more no doubt when I issue the S21 it will take me 12 months of no rent to get my property back as the courts will be backlogged so I'll have a total nightmare with it. If Government policy was more sensible we would be investing in more properties not pulling out but the basic issue remains that the private rental sector is too big it should be quite a niche thing with council housing at the base of the pyramid and huge amounts of it. I would gladly sell my property to the local council below market rate if they ever started up a buyback scheme. I'll only get a big tax bill when we sell anyway but it's not the money but the hassle factor that has brought us to this decision.
I do feel for people in rented accommodation but as Croyde says and I have said on these topics before they need council housing thats locked away in perpetuity for the country not for individuals to buy. That was a huge mistake made by Thatcher and we are all paying the price now. Housing associations should be banned and council housing directly owned maybe managed by housing associations but these companies have nicked a living from Government mismanagement of what should be a national asset.
Because there are no private rented properties any more no doubt when I issue the S21 it will take me 12 months of no rent to get my property back as the courts will be backlogged so I'll have a total nightmare with it. If Government policy was more sensible we would be investing in more properties not pulling out but the basic issue remains that the private rental sector is too big it should be quite a niche thing with council housing at the base of the pyramid and huge amounts of it. I would gladly sell my property to the local council below market rate if they ever started up a buyback scheme. I'll only get a big tax bill when we sell anyway but it's not the money but the hassle factor that has brought us to this decision.
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