Costs of Renters Rights Act stopping landlords going green – claim

Costs of Renters Rights Act stopping landlords going green – claim


Todays other news
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...

A survey of private landlords suggests that the costs of conforming with aspects of the Renters Rights Act are stopping progress on making rental properties more energy efficient. 

A poll of landlords using the August app suggests that 62% of landlords are likely to spend less on property improvements as costs rise elsewhere due to the RRA.

Energy efficiency upgrades long seen as crucial to improving Britain’s ageing rental stock are at particular risk. Over half (54%) of landlords say they are very or somewhat likely to delay or reduce energy-efficiency spending, citing high upfront costs and financial uncertainty. 

Only 20% of landlords plan to continue as normal with no plans to reduce spending or investment.

Some 3,000 users of the app were surveyed duringthe first week of November. 

An August spokesperson says: This is a red flag for the UK’s climate ambitions. You cannot legislate for higher housing standards while pushing landlords into corners financially. Without targeted support, the Renters Rights Act risks slowing down green upgrades across millions of homes. I’ve written to the Chancellor today urging her to protect the quality and safety of the rental sector. If she doesn’t, we risk locking both landlords and tenants into lower-quality homes for years to come.”

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.
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
This is according to a report in the Financial Times...
The change comes into effect on June 23...
A new survey conducted by a letting agency group...
A private landlord with just one property has created a...
A paper is to be published after the May local...
Wandsworth council proved the tenant was not the owner...
Recommended for you
Latest Features
Sarah Thompson is Group Financial Services Director at Mortgage Scout,...
Simon Bones is the founder and CEO of Genous, a...
Perhaps the greatest issue with commonhold is a lack of...
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.