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The National Residential Landlords Association has issued its formal congratulations to Simon Clarke, the new Housing Secretary.
But Ben Beadle, NRLA chief executive, has issued an immediate warning to him about his policy priorities.
“The new minister will need urgently to address the rental housing supply crisis. Damaging tax hikes and uncertainty over reforms to the private rented sector are leading many landlords to leave the market when demand for rented homes remains high. All this is doing is increasing rents, making it more difficult for those wanting to become homeowners” says Beadle.
“The government needs to look afresh at the rental reform White Paper to ensure the plans in it have the confidence of responsible landlords. This needs to include action to tackle anti-social tenants, scrapping plans that would damage the student housing market, and reforming the courts to ensure legitimate possession cases are dealt with more swiftly.”
Letting agents’ body Propertymark is also calling on the new Truss government to consider a new approach to the lettings supply crisis.
Propertymark chief executive Nathan Emerson comments: “Our latest market insight reports show for every rental property available there are an average of 11 applicants, while home buyers outnumber sellers by seven to one. This is creating affordability issues, particularly in the private rented sector.
“We believe that gap can be closed through measures that bring the many tens of thousands of long-term empty properties back and the introduction of focussed targets for new homes that are based on an identified need for each tenure across the country.”
Meanwhile Maryon Lloyd Malcolm of London agency Lurot Brand has added to the advice for the new Housing Secretary.
She says: “The introduction of EPC, EICR and new regulations affecting rental accommodation and landlords has been welcomed overall. However, the latest proposals and plans for system, grading and regulation is too ‘one size fit all’ given the variety of housing stock our country has.
“London will definitely bear the force of this. Landlords are already finding it difficult to stay on top of the all new regulatory improvements. Tenants too, who make up 47.3 per cent of London households, are facing a serious lack of choice when it comes to renting and a circa 30 per cent mark-up in rental price.”
And another agent - Jack Reid, founder of Orlando Reid - adds: “The government needs to encourage landlords to return to the market in the short to medium term to help stabilise the market and limit the risk of homelessness. The current rate of price growth in the lettings market in London is the highest I have seen in the last decade and needs to be looked at by the incoming minister for housing [who] should make it easier and more cost effective to be a landlord over the next five years at least.
“This will also benefit tenants and normalise rental prices during a difficult time when it comes to household bills and the rate of inflation. They should consider reversing some of their policies such as reintroducing tax relief on their mortgages and reducing stamp duty on second homes.”
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She's just following orders
Look up the wef website , she's on there.. another puppet
Great awakening - politics is a sham , total scam and a con
Problem is that Ben Beadle is only interested in retaining Section 21 for himself i.e. for student landlords. He doesn't represent other landlords at all.
Wef website?
The ship 🚢 is to big now to change direction, if they did there would be wailing by the leftist mob like we have never seen, sorry folks, but this is the market we are in/going to be in……..so the decision is a simple one, ride it out or sell up, my plans are in place.
I have more concern for the poor tenants who are the victims in this screw up., than your future plans.
I cant't disagree with you Simon, but I hope you are wrong. I have continually harassed my MP, in an appropriate way, to demonstrate the pitfalls of some of the Government policies. I have offered solutions and have also shown why Landlord's act in the way we do. A lot on this forum will say that i'm wasting my time, and again they could be right, but i'm stubborn and highly determined and it is extremely difficult to deflect me from a task I take on. I will keep pressing my point and hope someone will listen.
I am in partnership with my tenants and though it is my plan to sell, like you, I am hoping this can be done when a tenant leaves. I have just had a tenant vacate in Nottingham and this property should be on the market before the end of this month.
Possibly Simon, but tenants would prefer a larger supply of rental accommodation because rents would fall. Many tenants are aware of the impact of the proposed "reforms" on affordability and choice. The policy could be changed if the Conservatives were effective in how they presented the reality of the situation.
Absolutely, incentives for Landlord's to increase their portfolio's will create more choice and would bring down rents. Punitive tax measures and moronic policies on energy efficiency will not!
World economic forum, mark Steyn on gbnews often mentions them and also massive gang ra p e of children, which is hardly reported.
Another insidious organisation is world wildlife fund.
There are plenty of things the government could easily do to reach a more acceptable compromise on some of the aspects that are causing landlords to sell up.
Make a decision on EPC targets for a start. If location and proximity to amenity was factored in and added a few points hundreds of thousands of older houses would suddenly not have a problem. The saving on transport cost and environmental impact should surely be taken into account.
Clear the court backlog and speed up the eviction process for ASB and serious or serial arrears. Why should good tenants be homeless while bad tenants are allowed to stay in houses they're not even paying for for prolonged periods?
Scrap virtually all of the Rental Reforms White paper ideas. A couple of bits were OK but the vast majority risks unintended consequences.
Reverse most of the tax changes. It has been proved by the current housing crisis they have all been a disaster. Scrap Section 24, overhaul the extra 3% SDLT for BTL, remove CGT for properties that have been owned for over 20 years.
Completely agree with you Jo, but we need our MP's to understand our views. I know fellow Landlord's say writing to your MP is a waste of time but it is the only route we have.
Last time I saw an NRLA spokesperson being interviewed to represent us, they skirted around the big issues and were lack lustre in their delivery and quite frankly inadequate in summoning up the current situation.
Jo, write to lizz Truss !
My son has just had tenants pull out from a student rental in Glasgow at the 4 weeks notice now allowed - and got 60 enquiries within a couple of hours to his advert, some offering cash payments in addition to the official monthly rent.
As with everything else, rogue landlords will find ways round any rules, leaving decent tenants and landlords to pay the consequences of anti landlord legislation.
Boris was being pulled to the left by his child bride.
Hopefully Liz Truss will be more realistic and sympathetic to an important business which has been crucified over recent years but she'll be powerless to protect Scottish tenants from the dogma of our loony leftie Scottish "government".
Current Energy Performance is E yet government want to jump up to C but only for btl properties. If you live in a property you own they don't care what the energy performance is. Common sense would state make target D for all homes. I wish they would stop picking on btl houses and LL.
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