13:40 PM, 23rd June 2022, About A week ago 8
Hi Everyone, Has anyone received any information/feedback regarding what mortgage and Rental Guarantee Insurance (RGI) companies’ thoughts are with regards to the proposed new legislation, The Renters’ Reform Bill?
I expect RGI insurance premiums will skyrocket and will certainly not cover ‘benefit tenants’ (as it currently does not). I also foresee mortgagees starting to leave the marketplace in droves, curtailed with the eradication of s21, and tenants on benefits which negate their current T’s and C’s.
Being a Landlord in the not-too-distant future is becoming even more of a nightmare and this new statute will make it unquestionably untenable to carry on!!