Queen’s Speech – Landlord Reactions

Queen’s Speech – Landlord Reactions

12:19 PM, 10th May 2022, About 3 weeks ago 13

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In the State Opening of Parliament, the Queen’s speech (this year given by Charles the Prince of Wales) sets out the laws her government wants to pass and the priorities for the months ahead.

For the Property Sector the main headlines are:

Her Majesty’s Government will introduce legislation to improve the regulation of social housing to strengthen the rights of tenants and ensure better quality, safer homes. This will include the Renter’s Reform Bill which includes the end of section 21 so-called ‘no fault’ evictions and improvements to section 8 notices and lifetime tenant deposits.

The planning system will be reformed to give residents more involvement in local development,” in a Levelling Up and Regeneration Nill. This will be a watered-down version to be included in the levelling up Bill and not a full planning bill as promised in last year’s speech. This is due to a very poor reception from Tory Back Benchers.

The Levelling up and regeneration bill will include plans to stop high streets from being blighted by empty shops and give councils in England the power to force landlords to rent out commercial properties and new powers to take control of empty buildings through compulsory purchase orders.

The Bill is also expected to allow councils to double council tax on second homes that are not occupied.

Ministers will support the Bank of England to return inflation to its target. To keep inflation low and stable, the government sets the bank an inflation target of 2%.



Comments

by Old Mrs Landlord

21:43 PM, 10th May 2022, About 3 weeks ago

Reply to the comment left by Seething Landlord at 10/05/2022 - 16:34Thanks for this link. It does say further measures are yet to be published, so let's hope they will include provision for landlords to sell with vacant possession as selling tenanted always means a lower price, even now with S.21 available to the purchaser. We bought our BTLs knowing that if we kept them ten years there would be no capital gains tax to pay, so we are already hundreds of pounds at least down wheb we sell because of retrospective tax changes.
I also noticed on page 20 that they are saying how generous they have been in keeping the uplift in LHA! It claims that this has meant about £600 extra per household on average. Our LHA for a one-bed increased by just under £25 in 15 years, so that money certainly hasn't been very fairly distributed nationwide and of course it's now frozen again. .

by Kevin Fallon

22:32 PM, 10th May 2022, About 3 weeks ago

At what point are landlords being elevated to Angel status, I am certainly not here to provide a safety net for a failing society. Some form of no fault eviction is required for a number of reasons, when a pub landlord has to give you free ale when you want it for as long as you want it, then get rid of s21. Taxed as a business expectation of a charity.

by Ros poldermans

16:20 PM, 11th May 2022, About 2 weeks ago

KEY FACTS (Government)
– In 2019-20, more than one fifth of renters (22 per cent) did not end their last tenancy by choice and faced an average of £1,400 of moving costs as well as likely paying more for the home they moved into.

Was it for
Rent arrears
Unsocial behaviour selling the home
Damage to property


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