Rishi Sunak to push through Renters (Reform) Bill despite Tory opposition

Terrible news. The Tories should never have started this ball rolling in 2019. This RRB was probably written by Shelter with Gove slapping the Dept of Levelling Down's logo on the front. I have already evicted due to the White Paper from last year. Landlords will have both hands tied behind their back now and not be able to manage difficult tenants. I'm selling for sure.

Stopping Income Tax will be welcomed by 30 million people. They'd all be worse off in a year.
Renters jumped for joy when Selective Licensing was introduced. The smart educated renters now know it has increased their rents & stopped the Benefit tenants ever moving again.

It will most definitely not reduce homelessness. It will increase it. And will increase rents for more ever increasing new build standards.

Will there still be 11 million renters if this gets pushed through without serious modification?

How many landlords will simply decide not to continue operating in such a hostile environment?

I have already sold 80% of my portfolio. Only 1 going to another LL. The other 20% have already had a Section 21 issued in anticipation of the bill. My advice, issue section 21 now. You can invest your money for better returns and far less risk

I am extremely sceptical that, in the real world, we will see any of the promised "benefits" to LL's. For example, the promised quicker process for evicting problem tenants sounds like typical pre-election BS to me! Also of increasing concern is the idiotic idea of rent controls; these have been proven elsewhere to be extremely damaging to the PRS. As soon as I see a credible timetable for rent controls effecting my properties, I will issue my tenants Section 13 notices increasing rents to current market values. Part of the build-up to the next election involves a competition between the main parties to see who can give PRS LL's the biggest kicking; neither party gives a flying f*** at a rolling doughnut for the health and sustainability of the PRS !

Homelessness is not caused by Section 21. Every home released back to market houses another family whether they own or rent. (Minor exception bring when the property is subsequently used as a holiday let).

What causes homelessness if the government’s failure to stop the boats.

They don’t want to stop the boats because growth is the Holy Grail of the Ponzi scheme we call Capitalism.

1 x accelerated possession claim will be issued today upong expiry of S21.
1 x S21 wil be issued on Friday, and another is scheduled in 10 days time (if tenant does not pay up for damage carried out before then).
Post Monday I wil be sitting down and looking at each and every existing tenancy and planning a strategy for each. If this means getting a tenant out to rule out any possibility of being stuck with them post RRB implimentation then so be it.
If I do continue with letting post RRB then rents will be taken to max possible rate and no tenancy will be offered without a full unilimited guarantor.
You wanna play hard ball governemtn/shelter et al? So can I!

I would suggest, whilst we all air our concerns here to contact your local MP ( which ever party they are with ) and indicate how this will effect tenants in the real world.

Reply to the comment left by Reluctant Landlord at 18/10/2023 - 11:29
I thought that we had another year to go before we had to reconsider our options. So I am now glad that have served notice on my tenants in one property that the Council is CPO-ing. One of whom owes me 8 months rent (did not evict earlier as I thought the Council would be completing the process in July this year, but they are so slow, so have decided to serve Section21 to get rid of them asap.
What is the accelerated procedure? I thought that the Section 8 proceedings took months.

Reply to the comment left by Paul at 18/10/2023 - 11:34
are all MP's able to vote/have their say at the second reading stage? Is it an open session?

If so then I am pinging off an email to my MP pronto!