Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
Peter Davis of Eastern Landlords Association has been in the post nearly three years as CEO of the regional membership landlord association, with more than 1200 members, supporting and advising residential landlords on all rental issues.
Peter previously spent five years as Buy-to Let mortgage consultant with The Money Centre, following a period working in finance in the motor trade, having returned from a few years working in Hong Kong
We asked Peter, what do you perceive to be the main challenges facing the PRS in the next 5 years?
The main challenges for the PRS will be keeping up with the changes in legislation, and meeting the challenges of the changes in social housing, as the market grows. Many landlords are not ready for an increase within their businesses for any rise in interest rates, or the effect on rent of Universal Credit, and other changes in the benefit system. Funding from the lenders must become more pragmatic with a realisation that the vast majority of landlords are business people with long term plans in a market that is very sustainable.
What opportunities do you envisage for the PRS in the next 5 years?
The growing rental market in general, and the contraction of the social sector leading to greater demand for the PRS. The continuing trend of people renting, not purely out of necessity, but also from choice. The opportunities to invest in a tangible asset, producing a long term return.
What do you see as the roll of the Eastern Landlords Association?
To continue to support and advise the residential landlord by means of our telephone helpline, newsletters, emails, meetings and forums. To provide our members with the necessary tools and services to run their business in an efficient, profitable and totally legal, and compliant manner. The ELA lobbies government, and works with local authorities in the private rented sector. It is run by landlords for landlords.
Working with “The GOOD Landlords Campaign“.
Will improve education for the private rented sector Landlord and standards of the sector through information.
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