A Housing Crisis?
• 1.33m on councils’ housing waiting lists
• 4.3m “missing” homes
• 1m unbuilt homes over 10 years
• Rising rents
• Supply and demand
How Did We Get There?
• 400k+ in the 1960’s
• What did we build in 2020 / 2021?
• What do we need?
What are we going to build in future?
1.5 million!
The Struggles of The PRS
• Since 1990
Ø tax breaks reduced by Section 24
Ø more help Health & Safety regulations
Ø deposit limit and registration
Ø registration of rental properties
Ø stamp duty increases – 5% + surcharge
Ø accelerated CGT payments on sale and higher rates
Ø digital tax
The Struggles of The PRS ….(continued)
• Since 1990 ….(continued)
Ø budget cuts for the Court Service
Ø civil penalty notices
Ø Rent Repayment Orders
• 17 Housing Ministers since 2010
Renters Rights Bill 2024
Section 21 notices to go
Ø an end to no fault evictions
Ø use by a family member or selling (ground 6) – carer?
Ø serious default
Ø 12-month protection for tenant
Ø redevelopment or extensive refurbishment
Ø four months notice
Ø penalties for misuse
Renters Rights Bill 2024
• No fixed term agreement
Ø periodic tenancies only
Ø tenant can give 2 months’ notice at any time
Ø cannot specify how or when tenants notice is given
Ø monthly rent (or less)
Ø assured tenancy in writing – prescribed clauses
Renters Rights Bill 2024
• Section 8 notices
Ø 30+ changes in all
Ø easier to evict for anti-social behaviour
Ø death of tenant
Ø arrears 2-week notice extended to 4-week notice
Ø deposit registration (30-day rule to be varied)
Ø mandatory Ground 8 increases to 3 months arrears
Renters Rights Bill 2024
• Landlord Ombudsmans Scheme – cost?
• Landlord Database – cost?
Ø register of landlords
Ø no marketing unless registered
Ø no possession order unless registered
Ø £7k or £40 civil penalty notice
Renters Rights Bill 2024
• Rent Increases
Ø built-in clauses ineffective
Ø section 13 notices
Ø 1-month notices becomes 2-month notice
Ø new rent from date of decision – maybe !
Ø can never exceed sum claimed on notice
Ø delayed implementation possible
Renters Rights Bill 2024
• Pets
Ø cannot reasonably refuse a request
Ø 28-day response time but extendable
Ø can refuse if breach of superior lease
Ø reasonable cost of insurance – increased deposit?
Renters Rights Bill 2024
• Discrimination
Ø Children
- provision of property information - viewing - renting
Renters Rights Bill 2024
• Discrimination ….(continued)
Ø Benefit claimants - the ‘York’ case - provision of information - viewing - renting
Renters Rights Bill 2024
….(continued)
• Discrimination ….(continued)
Ø Benefit claimants ….(continued)
… doing something that would make a benefit claimant less likely to take the tenancy
…..unless a pre-existing insurance contract precludes tenants on benefits
Renters Rights Bill 2024
Discrimination ….(continued)
Fines
Ø Wales & Scotland
Renters Rights Bill 2024
• Decent Homes Standard (DHS) and Awaabs Law
DHS Currently applies to social sector
Ø minimum standards will be set by Government
Ø reasonable state of repair
Ø reasonable services and facilities
Ø reasonable degree of thermal comfort
Renters Rights Bill 2024
• Decent Homes Standard (DHS) and Awaabs Law
• Awaabs Law will apply to social sector
Ø timetable to deal with disrepair
Ø 10 day inspection
Ø 3 days to report
Ø 5 days to fix
Renters Rights Bill 2024 ….(continued)
• Rent Repayment Orders
Ø misusing a possession ground
Ø breach of the Landlords Ombudsman Scheme incl. misleading or false information on the landlord database
Ø advertising to relet within restriction period (ground 6)
Ø two year to apply
Ø maximum two years rent
Renters Rights Bill 2024
• Bidding Wars
Ø adverts must include a rental figure
Ø advertised price cannot be exceeded
Ø £7,000 penalty
Ø when can I re-advertise?
Renters
Rights Bill 2024
• Implementation Timetable
Ø January 2025 completed House of Commons
Ø House of Lords 142 changes
Ø Committee stage 22 April 2025
Ø Commons debate 9th September 2025
Ø Return to House of Lords October 2025
Ø Royal Assent this year
What Else?
EPC’s Consultation
Ø New tenancies by 2028
Ø Existing tenancies by 2030
Ø New calculation method
Ø Average spend of £6500 per property – grants?
Ø New cap of £10k or £15k over ten years
Ø Will tenants save on fuel bills?
The Market in 10 Years Time
• Should I sell up now?
• Supply –v– Demand
Bournemouth 01202 315005
Chandler’s Ford 02380 221344
London 02030 360921
Poole 01202 466669
Winchester 01962 844333
Woking 01483 755609
Liverpool 01515 590133