Aldermore have been looking into impacts of the Renters Right Bill and what this could mean for landlords and tenants alike.
The Renters’ Rights Bill is the biggest shake-up to the private rented sector (PRS) in the last 10 years. And that’s saying something: it’s been a busy decade. The aim of this new legislation is one we can all agree with: clear and robust protection for the 11m people living in the private rented sector.
The Bill addresses the insecurities faced by tenants by reforming the sector and the quality of homes in it, while cracking down on unscrupulous landlords, but the devil is in the detail and many landlords are concerned about unintended consequences of the Bill, as yet more costs and work get heaped upon them.
Brokers are in a unique position to guide landlord clients through these changes and make sure they are ready for the challenges ahead.
Aldermore have created a blog to help brokers understand the potential changes. What’s the latest on the Renters’ Rights Bill? | Intermediaries | Aldermore Bank