RRB – Will it come into effect as proposed or is it just scare tactics?

As I see it it’s just another distraction to occupy people’s heads while other more important matters are taken care of.

The banks and huge corporates have zero interest in our 1930s 3 bed semis with their bit of damp and poor insulation. They’re too busy buying up land and developing new builds at EPC A or B, attracting those who are getting kicked out by terrified landlords desperate to sell.

If it was such an unprofitable business moving forwards, why oh why would the corporates and banks be gobbling it up?

I think the difference between the Renters Rights Bill and the other things you mentioned (Boiler ban etc) is that it’s actually a Bill.

It is currently at the House of Lords first reading stage so it will 100% come in to effect.

How the PRS reacts/copes will be another matter.
Ultimately, due to the 5(10?)% of Landlords that took the p*** something needed to be done and now something is being done.

In a few years when this is the ‘norm’ we won’t know any different. In my opinion it actually makes it harder for those bad tenants to get properties. Section 21 was their lifeline and Landlords wanted them out.

Now that we will have to remove them with Section 8, it causes a paper trail.
Would you touch a tenant who has a known, court documented history of not paying rent. No thanks !

Reply to the comment left by ProperT at 21/01/2025 – 08:52
Owning property will be profitable for the large BTR corporations. Private landlords are taxed differently.

SDLT, income tax, CGT and Selective Licensing all conspire to steal the private landlord’s’ money.

On the other hand, BTR and Social Housing providers are awarded huge grants to help with the cost of acquiring property by building new homes to house migrants.

Starmer says that terrorism has changed. Indeed it has. We have financial terrorism destroying the UK economy through mass migration.

Mass migration causes a housing crisis and then private landlords are terrorised by our own government.

I don’t think the RRB will come in as currently laid out before Parliament. I think it’ll be significantly worse.

Reply to the comment left by There is hope at 21/01/2025 – 08:56
My feelings too. Tenants need to think more carefully in future before withholding rent or causing malicious damage or being a nuisance neighbour because it will all come back to haunt them when they get evicted . Private landlords will not entertain them anymore and the council won’t be out to do them any favours either.

I believe that the current Bill with amendments is almost certain to be the final shape of the Renters Rights Act later this year.

Both Houses must agree the final text of the bill before it can be signed off by the monarch (Royal Assent) and become an Act of Parliament (law).

There are several opportunities to make more amendments to a Bill.

https://www.instituteforgovernment.org.uk/explainer/legislative-process-parliament