Renters’ rights act enters law amid warnings of landlord exodus Property The renters’ rights act came into force on Friday, amid warnings that private landlords have rushed to exit the rental market to avoid the new powers for tenants. The new law bans no-fault evictions and abolishes fixed-term contracts, with other elements including decent homes standards and a rental ombudsman still yet to be implemented. Law [...]
Chaos: Now Downing Street rules out rent freeze after backlash over ‘reckless’ rumours Property Downing Street has ruled out a rent freeze just hours after the Chancellor refused to distance herself from the policy while speaking in the Commons. The apparent kite flying sparked 24 hours of panic among residential landlords and economists, who dubbed the rumoured policy a would-be “disaster”. Reeves had reportedly been considering the policy to [...]
Purplebricks boss: Rental market is ‘completely broken’ and is a ‘disaster for first-time buyers’ Property The rental market is "completely broken" and is a "disaster for first-time buyers", the boss of Purplebricks has said.
UK’s biggest residential landlord praises government’s new Renters’ Rights Bill September 12, 2024 The UK’s largest listed residential landlord Grainger has praised the government’s new Renters’ Rights Bill, which was presented in Parliament on Wednesday. If approved, the bill would introduce a range of measures aimed at balancing the scales between tenants and landlords, as the government pledges to “clean up the mess” left in the rental market by [...]
Hold the champagne, the housing market upturn is meaningless without rental reform August 21, 2024 The recovery in the UK housing market recovery is redundant while the rental sector remains in pieces, writes Purplebricks CEO Sam Mitchell.
Renting in London might finally be about to get a bit easier June 7, 2024 The rate at which rental costs in London are rising slowed in April, but tenants are still handing over an average of £2,112 to landlords each month.
Rentguarantor continues rapid growth as losses widen June 6, 2024 Rentguarantor, an Aquis-listed provider of tenancy guarantees, saw its losses widen in 2023 despite a major uptick in revenue, average contract price and tenant contracts in the full year to 31 December.
Explained: What is happening with the Renters Reform Bill? May 2, 2024 The Renters Reform Bill was introduced last year, but it has been beset by delays, and now has 200 amendments added to it. What's the latest?
