BTL landlords will turn to holiday lets

BTL landlords will turn to holiday lets

Todays other news
The BBC and The Times have discovered the council tax...
The report is from the Institute for Public Policy Research...
The changes have taken effect immediately...
The landlord did not resolve the hazards which were identified...
Holiday let landlords get tips on maximising income...


Disgruntled private landlords are likely to turn their attention from buy-to-let to holiday lets if the government presses ahead with its three-year tenancy plans, according to the CLA.

The membership organisation for owners of land, property and business in rural England and Wales firmly rejects forced long-term tenancies, arguing that it would threaten the short-term rental market and reduce the availability of rented homes in the countryside.

The government is proposing to introduce a minimum three-year contract for rental tenancies in a consultation published this week.

The CLA whose members provide almost 40% of all private rented housing in rural areas said the market does not need to force minimum contracts as rural lettings already provide a longer-term home for tenants.

The average tenancy length in rural areas is 7.6 years, according to a recent survey of CLA members.

The study also found that more than a third of landlords have retained the same tenants for 10 years or more.

CLA housing adviser Matthew O’Connell commented: “The private rented sector has substantially increased and people are renting for longer, but the current legislative framework already offers opportunities for longer tenancies which meet the needs of both landlords and tenants across the rural market.

“Overly prescriptive tenancy lengths could be highly disruptive to the rural economy, threatening the short-term lettings market for seasonal workers in agriculture and tourism. 

“An excessive regulatory burden could also lead to potential long-term rental homes being lost as landlords opt to let them as holiday accommodation or sell, further reducing the supply of rented homes for those struggling to get on the housing ladder.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Landlord Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
A man has pleaded guilty to tenancy fraud after unlawfully...
Half of all tenants who moved during the past 12...
Renters are typically staying in their properties for a third...
Three webinars next week will cover key aspects of deposit...
A paper is to be published after the May local...
Recommended for you
Latest Features
Lomond is one of the UK’s fastest growing agency groups...
An exhaustive survey by The Mortgage Works...
Quiet enjoyment versus essential access...
Sponsored Content

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.