Industry news

News relating to the private rented sector from both England and Wales, affecting landlords.

Blog: The latest on the Renting Homes (Wales) Act

Industry News Dan Cumming 27/06/2023
Blog: The latest on the Renting Homes (Wales) Act

Landlords can use new templates to write to MPs on Renters Reform

New letter templates have been developed for NRLA members who want to write to their MP to highlight issues with the proposed Renters (Reform) Bill. The templates have been adapted to highlight the key measures needed to ensure landlords can continue to operate once Bill is implemented, with landlords able to edit the documents to explain how the proposals will impact them and their businesses.

Industry News Sally Walmsley 22/06/2023
Landlords can use new templates to write to MPs on Renters Reform

Chancellor needs to act as interest rate hike hits renters and landlords

In light of the news that the Bank of England has once again raised interest rates, the NRLA has provided its view on how the Government must act urgently to support the private rented sector.

Industry News Sam Hunter 22/06/2023
Chancellor needs to act as interest rate hike hits renters and landlords

Wales rent control consultation: Register for a working group event this July

Landlords in Wales are being urged to share their views on rent controls by registering for a working group event, organised by the Welsh Government. Six working groups have been set up as part of the consultation process for the Green Paper on Fair Rents and a Right to Adequate Housing, with private landlords and tenants invited to attend.

Industry News Victoria Barker 21/06/2023
Wales rent control consultation: Register for a working group event this July

Wales: Housing Minister backs NRLA tax calls

The Welsh Minister for Climate Change, Julie James MS, has supported the need to review the way the private rented sector is taxed. Speaking at an event to launch the National Residential Landlords Association’s (NRLA) State of the Welsh Private Rented Sector report, the Minister said she would welcome ideas about how to ensure the tax system supports the provision of long-term homes to rent.

Industry News Sally Walmsley 16/06/2023
Wales: Housing Minister backs NRLA tax calls

Landlords’ profits hit 16-year low

Landlords’ profits have hit the lowest rate since 2007 according to new research, with fears many could quit the sector for good. Average net profits for investors in the PRS dropped below 4% in the first quarter of this year, according to a report by property agent Savills, and are now at their lowest since 2007.

Industry News Sally Walmsley 16/06/2023
Landlords’ profits hit 16-year low

Renters (Reform) Bill: Watch our webinars on demand

The Renters (Reform) Bill was published a month ago, setting out the Government's plans to fundamentally reform the private rented sector (PRS) in England. Following the publication of the Bill, the NRLA continues to campaign in these early stages of the Bill’s progression, on behalf of members.

Industry News Victoria Barker 15/06/2023
Renters (Reform) Bill: Watch our webinars on demand

High-risk evictions paused over safety concerns

The NRLA has received correspondence from HM Courts and Tribunals Service informing us that certain types of high-risk bailiff evictions are to be temporarily paused in some regions.

Industry News Chris Norris 12/06/2023
High-risk evictions paused over safety concerns

Wales update: what landlords need to know this week

Earlier this week, the Welsh Government opened a consultation on introducing rent controls in Wales. NRLA Head of Policy, James Wood, discusses this and the latest requirements around converted contracts here.

Industry News James Wood 09/06/2023
Wales update: what landlords need to know this week

Supply and demand gap widens in private rented sector

Industry News Sally Walmsley 08/06/2023
Supply and demand gap widens in private rented sector