5 Changes for Landlords: Renters’ Rights Bill reviewed

Understanding the Renters' Rights Bill: What Letting Agents Need to Know

Since Labour took office, landlords have been anxious about what lies ahead. The wait is over—Labour has just revealed their major plans for the UK property market, and they’ve introduced some significant changes that could be a tipping point for many landlords.

The Renters' Reform Bill, introduced on 11 September 2024, aims to overhaul the private rental sector. If it passes unchanged, we’ll see the repeal of Section 21, the end of fixed-term tenancies, expanded Rent Repayment Orders, and a new landlord ombudsman. With Labour’s majority in Parliament, these changes could be fast-tracked, potentially becoming law by next spring and rolling out by late summer 2025.

In today’s video , I’ll go over Labour's proposed changes and what they could mean for the UK housing market. We’ll explore key policies, like the abolition of 'no-fault' evictions, and discuss their potential impact on landlords.

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[pstanyer]

Landlords in my area are selling up like hotcakes. People cannot find rented houses anywhere now. The first time buyers are litterally inundated with cheap small house which are snapped up very quickly which has pushed prices right up on the smaller houses. Now even the bigger 3 and 4 bedroom house are not being rented and are being used as air BNB in cumbria.

[At_the_races]

I’m a landlord and I’m selling up, it’s now impossible to make a living, tenants have all the power.

[johnswift]

I have a 1856 building and only have a epc of D. I cannot achieve C as the front windows are original in wood. Under the rules of conservation, they cannot be changed.

[matthewspry]

No one will rent a family home where a tenant is likely to stay for life

[DuaneJasper]

Thanks for this. As you said- the section 21 ban will in part worsen the housing crisis by forcing landlords to only accept the highest paid, most squeaky clean tenants. Previous to this we have had a culture of trust to some extent- providing people meet and surpass a threshold, we are willing to give them the benefit of the doubt and let them get themselves a home and move on with their lives. Now that will be shattered; and only those with the more privilege (better educated/connected> better jobs) and wealth will dominate the sector. So it essentially sets the scene for the higher social classes to be favoured over the lower- literally the oposotw of what Labour are suppose to stand for. It also raises issues in multi let hmos- what if one tenant is just not a nice person- a sex pest, or unhygienic, or too noisy for example? Unless these things are done to the extreme and reported on, there won't be section 8 facility to get rid of them, while the other 4 or 5 people have to suffer

[maxtelero]

And eco changes. Band C EPC by 2030. 10k investment. Fines. Unable to rent

[matthewspry]

Ok market value suddenly goes to £5k a month for 1 bed flat 😅😅😅😅😅😅😅😅

[TMZ-jr]

Standards will improve, especially tenant criteria.

[riccardo-]

THANK i'm tired paying someone else's mortgage!!!!