What do I need to know about the new landlord government reform?

July 15, 2022

79% of landlords in the UK have expressed that they do not have any plans to either increase or decrease their buy-to-let portfolio, anytime soon. This is in line with the prospective governmental reformations of the private-owned rental domain.

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:-

  • Eradicating Section 21 ‘no-fault’ evictions.
  • Alleviating blanket bans on tenants who wish to rent with pets, with children or those who may wish to rent on benefits.
  • A wider notice period to alert the tenant and give them enough time to experience an increase in rent.

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 per cent 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 from benefits.