Landlords have congratulated Labour on its landslide victory but warned that too much new red tape will make the housing shortage within the private rented sector even worse.
The NRLA is to drop the word ‘landlord’ from its strapline in a bid to change public attitudes of those who rent out and manage properties.
The NRLA has backed Labour’s proposal to stop landlords and letting agents enabling ‘bidding wars’ by requiring them to advertise a proposed rent based on market rates, with bids above that figure prohibited.
Two of the UK’s biggest trade organisation representing the private rental sector have revealed their concerns over the big political parties’ electoral promises to crack down against landlords.
The NRLA has stepped in to help fight a legal battle over whether it is acceptable for vital rental documents to be served by post.
Labour is likely to reintroduce the Renters (Reform) Bill in a similar form if it wins the election and has already confirmed its view that the court process needs speeding up.
A report published today attempts to counter the ‘anti-landlord’ rhetoric that has gathered pace in the UK recently by revealing that the private rented sector supports some 390,000 jobs and makes a £45 billion contribution to its economy.
The Renters (Reform) Bill has been abandoned and must now go back to the drawing board after years of uncertainty and political wrangling.
Landlords are likely to be targeted heavily by political parties as new research shows most remain undecided following Rishi Sunak’s decision to go for a July 4th General Election.
