Industry news
Landlords plan to sell properties at record rate according to new research
New research produced by research consultancy BVA/BDRC reveals that, in Q1 2023, 33% of landlords surveyed said they plan to sell rental properties over the next year.
Updated converted contracts guidance for landlords in Wales
NRLA policy manager James Wood on what landlords in Wales need to know ahead of the 31st May deadline for issuing converted contracts.
How will the Renters’ Reform Bill become law?
The Government is expected to publish the long-awaited Renters' Reform Bill next week. Here, we take a look at how legislation is made and the likely route the Bill will take to Royal Assent and implementation.
Building safety failures: Are you liable for uncapped costs?
The Building Safety Act introduces a cap on the costs of remediating fire safety defects for some leaseholders, known as leaseholder protections. However, only ‘qualifying leaseholders’ are able to benefit from the protections and landlords may find themselves liable for the full cost of fixing cladding and non-cladding defects.
Renters’ Reform Bill out next week
Michael Gove has confirmed the Renters’ Reform Bill will be published next week, promising the biggest shake-up in the private rented sector for over 30 years.
NRLA and Movewise to host housing roundtable
The NRLA is hosting a housing roundtable, inviting industry experts to discuss the impact of plummeting landlord confidence and what can be done to tackle it. The online event, organised together with NRLA partner Movewise, will be held on May 9.
Financial help for landlords essential to improving energy standards says Welsh Government
The NRLA has issued its response to the news that the Welsh Government has accepted all 29 recommendations set out in the Senedd's Climate Change, Environment and Infrastructure Committee's report on decarbonisation of the Welsh private rented sector.
Energy efficiency deadlines must be pushed back
Unrealistic Government deadlines for energy efficiency improvements in PRS homes must be pushed back, says the NRLA. The Government wanted to bring in changes as soon as 2025, but has yet to publish results of its consultation.
Welsh Government announces amends to Renting Homes Wales Act
Following the announcement of secondary legislation relating to the Renting Homes Wales Act, the NRLA has published its response to these amendments to the Act.
Retiring landlords make up three quarters of PRS sales
New research has shown that 73 per cent of all landlord sales in 2022 were made by landlords retiring from the sector. The supply crisis within the PRS has never been far from the headlines in recent months, with the figures suggesting the generation of landlords who benefitted from the birth of the buy-to-let mortgage in the late nineties are now starting to sell up.
