In a survey conducted by considering 1,059 landlords, 7% of them discussed that they wish to decrease the size of their available property as a result of the government’s new schemes for reformation in the rental sector.
The new reforms taken by the government shall include:-
Approximately 4% of the landlords considered, stated that they shall enhance their buy-to-let portfolio.
Thus the survey displayed a varied set of reactions to the government’s new rent sector schemes. Nevertheless, a majority of 60% support the idea of providing tenants with freedom and authority to curb any rent review clauses which could prevent “unjustified rent increases”.
Moreover, 58% of the landlords surveyed expressed that they are in favour of the policy to increase the notice period on an increment in the rent amount.
More importantly, 89% of the landlords supported the idea of the creation of a new ombudsman in order to manage rental market matters.
However, there was a majority containing 60% of the landlords who did not favour the annulment of Section 21 evictions. Moreover, 57% were against the idea of tenants being allowed to bring a pet animal with them.
The research also showed that 60% did not support the abolition of Section 21 evictions and 57 per cent said they were against allowing tenants to rent with a pet. Similarly, they were against the idea of not banning tenants on benefits.
For property investors:Are you planning to remortgage? Is now a good time?
The BoE just increased the interest to 1.75%. Should this impact your decision to remortgage?
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