Fierce lobbying over parts of the Fairer Renting White Paper could see it watered down before it becomes law, predicts one property boss.

Its release after years of delay and fervent speculation was merely the first step, with uncertainty due to linger until the reforms actually make it into law, says Nick Lyons, CEO of inventory services provider No Letting Go.

Particular opposition

“The devil will be in the detail, which is lacking at the moment,” says Lyons. “For example, many landlords do not accept pets so there will be particular opposition to the idea of tenants finding it much easier to keep pets in their rental homes, unless they have some means to protect themselves against extra cleaning, excessive wear or damage at end of tenancy. There is every chance this could be watered down to appease frustrated landlords by the time it gets to Parliament.”

Complex journey

Lyons says much engagement has already been had on the issue of rental reform, but it’s likely that more consultation and feedback will be sought before the final version of the Bill is presented to Parliament. He believes it will continue to be a slow and complex journey particularly due to controversial reforms such as tenants being the ones to decide when a tenancy ends and what constitutes a valid reason for landlords to end a tenancy. “That is likely to still take some time as intense lobbying and opposition goes on behind the scenes,” says Lyons.

“I’d be surprised if rental reforms were introduced before the end of the year, so 2023 seems far more likely,” he adds. “There isn’t that chronic sense of limbo anymore – which is welcome – but equally there’s going to be a few more months of uncertainty yet to tolerate.”

3 COMMENTS

  1. It’s hard to see how Mr. Gove will allow much watering down. He constantly moans about how the “Blob” prevents governments from taking action so he will push hard for all his “reforms” to make it into the Bill and where is the opposition to the Bill going to come from? A few MPs with connections to the PRS perhaps, but all the political parties will be in favour of hitting landlords, they always are, including the Scottish contingent. Do you really think there is enough opposition in Parliament to prevent this White paper turning into a Bill with few changes?

  2. I would guess it won’t be opposition from landlords that causes changes, it will be the huge amount who will put two fingers up to the government telling them what to do with their property. Trying to make the PRS act like social housing will ultimately back fire and cause the even more problems with housing. Although we can see the direction of travel as the large corporations won’t have the same regulations as we do. This has already been published in the white paper with regards to the purpose built student blocks with regards to fixed term tenancies. One rule for the rich and one rule for everyone else.

  3. I’m surprised the big corporates are piling into BTR.

    They don’t seem to have factored into their business models the possibility of a Labour led Govt!!

    Surely they are aware of previous Labour Manifesto pledges of RTB for private tenants!!??

    We even had that idiot Tory former Housing Minister; Jenrick advocating the same!!!!

    BTR operators will find tenants buying up their assets with massive funding required from the BTR operators themselves.
    Surely that would substantially affect dividends!!??

    LL would do well to sell up flats leaving them to be bought up by the BTR mob.

    Houses are the most investable.

    Trouble is few houses can affordable achieve EPC C status.

    So intractable are the problems that the RRB along with MEES will bring that it must surely act as a catalyst for LL to abandon the AST sector.

LEAVE A REPLY

Please enter your comment!
Please enter your name here